Global Premium Nail Polish Market by Type (Affordable Premium Nail Polish, Up-Market Premium Nail Polish), By Application (Store, Department Store, Mall, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global premium nail polish market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for premium nail polishes from women across the globe. Affordable premium nail polishes are witnessing a higher demand as compared to up-market premium nail polishes, owing to their affordable prices and wide availability. Department stores are expected to account for a major share of the global premium nail polish market in terms of revenue, followed by mall and other applications segments during the forecast period. North America is estimated to dominate the global market in terms of revenue contribution, followed by Europe and Asia Pacific respectively during 2018-2030.



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Product Definition:

A high-quality nail polish that provides a glossy finish and long-lasting results. Premium nail polishes often contain more pigment and less filler than lower-priced options, making them more durable and chip resistant. They are also typically free of harsh chemicals like formaldehyde, toluene, and DBP that can damage nails over time.

Affordable Premium Nail Polish:

Affordable premium nail polish is a new concept in the market which was launched by L'Oréal in 2015. The affordable premium nail polish is available in different variants such as clear, pink, red and yellow. These products are priced at USD 4 for a 0.35 fl oz bottle which contains about 10 ml of product and costs less than regular premium nail polishes that come with 15 ml of product content for the same price tag.

Up-Market Premium Nail Polish:

Up-market premium nail polish is a type of nail paint which is comparatively more expensive than regular nail paints. It has a higher concentration of ingredients such as pigments, resins, and fillers which makes it thicker andresistant to chips. The market for up-market premium nails polish is driven by factors such as the growing demand for unique colors, shapes and styles in luxury products along with increasing consumer willingness to pay more for better quality products.

Application Insights:

The other application segment includes personal and commercial use. Personal use nails include both professional nail services, at salons, as well as DIY applications at home. The DIY application is majorly preferred by women while men opt for the salon service due to higher costs involved in the latter. Department stores are expected to be the fastest-growing segment over the forecast period owing to increasing consumer spending on luxury items including premium nail polish removers and polishes that provide long-lasting effects with minimal effort required for itsapplication.

Mall nails are also anticipated to witness significant growth over the forecast period owing to rising consumer preference for unique designs that can only be created using different shades of nail polish paint. This has resulted in increased demand from various retail outlets across regions, which is projected to drive market growth over next few years.

Regional Analysis:

North America dominated the global premium nail polish market in 2017. The growing popularity of gel manicures and the presence of numerous manufacturers in this region are responsible for its large share. In addition, increasing consumer disposable income levels and high standard of living are expected to drive demand further. Europe is anticipated to be the second-largest regional market over the forecast period owing to rising product penetration and changing lifestyles resulting in increased spending on fashion accessories among consumers from countries like Germany, U.K., France, Italy, Spain & Russia among others.

Growth Factors:

Increasing demand for premium nail polish products from the younger generation.
Rising awareness about the benefits of using premium nail polish products among women.
Growing popularity of nail art and other manicure services among women across different age groups.
Proliferation of online platforms that offer a wide range of premium nail polish brands and shades at competitive prices.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Premium Nail Polish Market Research Report
By Type
Affordable Premium Nail Polish, Up-Market Premium Nail Polish
By Application
Store, Department Store, Mall, Other
By Companies
Chanel, Coty, Este Lauder, Kao, L'Oral, LVMH, Shiseido, Amway, Clarins, Markwins Beauty Products, Chanel, Unilever
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
189
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.

Global Premium Nail Polish Market Report Segments:
The global Premium Nail Polish market is segmented on the basis of:
Types
Affordable Premium Nail Polish, Up-Market Premium Nail Polish
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Store, Department Store, Mall, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Chanel
Coty
Este Lauder
Kao
L'Oral
LVMH
Shiseido
Amway
Clarins
Markwins Beauty Products
Chanel
Unilever



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Highlights of The Premium Nail Polish Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Affordable Premium Nail Polish
Up-Market Premium Nail Polish
By Application:
Store
Department Store
Mall
Other
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Premium Nail Polish Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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