Here’s what’s driving nail care market growth
Demand for organic ingredients and the rise of DIY manicures contribute to this growth.
The global nail care products market is set to grow by $5.96b from 2024 to 2028, with a CAGR of 4.3%, according to Technavio.
The market is being driven by the demand for non-toxic nail care solutions and the rise of at-home salon services.
Key drivers of market expansion include the rising demand for organic ingredients like grape seeds, sea buckthorn, apricot extracts, and green tea, as consumers shift away from products containing harmful chemicals such as parabens and phthalates. The rise of DIY manicures and pedicures, powered by at-home kits, is also contributing to this growth. Additionally, millennials and Gen Z consumers, heavily influenced by social media platforms, are embracing new nail care trends, including gel-based manicures and innovative nail art.
However, the market faces challenges from counterfeit products, which pose health risks and undermine consumer trust. Additionally, the presence of unregistered local manufacturers adds to market fragmentation.
Still, growth opportunities exist in developing regions, with demand for clean label and vegan-certified products. Retailers, salons, and e-commerce platforms remain the primary sales channels, and mobile-based home salon services like Housejoy are becoming more popular.
Competition is fierce, with big-box retailers, private labels, and indie brands all vying for market share. To stay competitive, brands are focusing on digital marketing, free delivery, and subscription services.