Artificial Nails Market Size was valued at USD 1.57 Billion in 2023. The Artificial Nails Industry is projected to grow from USD 1.64 Billion in 2024 to USD 2.42 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.96% during the forecast period (2024 - 2032).
The growing popularity of the artificial nails market is immensely trending. It is widely available based on various types, such as gel nail extensions and acrylic nails. The major driving element of the artificial nails market is the huge demand for such artificial nails from the entertainment industry. Celebrities usually use artificial nails during promotions, at events, or daily. Celebrities even promote artificial nail brands, which are chiefly driving the market. The instant need for longer nails is aiding the market.
Nails have now become an essential fashion statement. People with poor nail health and growth can opt for Artificial nails. The product saves time utilized for growing and maintaining nails. These also come with different nail art tools. The application is easier and hassle-free. It is also available in different nail colors, shapes, sizes, and designs. The growing consumer preference for cosmetic products is accelerating the market, while the increase in people's per capita income globally has driven spending on beauty products, aiding the growth of the global artificial nails market. Promotional events for beauty products are one of the highest trending elements that cater to the overall growth of the said market segment. Also, consumer spending on artificial nails has been massive during the past few years, including the purchase of acrylic nails, nail care products, and nail salon services. Apart from this, another key reason is the exponential growth of the fashion market, which is attracting a large number of customers globally and propelling the new-age market trends to enhance its demand.
The exponential growth in fashion and beauty trends, along with the customer engagement ratio through social media platforms, is pacifying the market's growth.
Nail art has emerged as a significant mode of artistic expression and self-deprecation in the beauty and fashion sectors, as individuals progressively employ their fingernails as a platform to exhibit distinctive designs, patterns, hues, and textures. By sharing their creations, nail artists and influencers motivate individuals to experiment with artificial nails. Social media's extensive accessibility and visibility of nail art content have contributed to the increased demand for artificial nails. Nails have transformed from a merely utilitarian component of personal hygiene to a fashionable accessory.
Individuals with a keen sense of style regard fingernails as a vital element of their complete appearance, harmoniously harmonizing designs and hues with their garments, cosmetics, and supplementary accessories. Due to their adaptability in attaining desired aesthetics, artificial nails have become an essential component of the beauty and fashion regimen. Moreover, they facilitate personalization and customization, enabling customers to select from a vast array of hues, patterns, forms, lengths, and surfaces. The capacity to customize synthetic or acrylic nails according to personal preferences, thereby augmenting their overall attractiveness, stimulates consumer demand, and contributes to the global expansion of the market. Furthermore, this facilitates market expansion and establishes industry standards for future years.
Apart from this, the widespread presence of the internet and the increasing population of smartphone users have facilitated the ability of beauty companies to establish a strong position in the market. The growth of digital media is significant, with social media being one of its primary conduits. The prevalence of clients on social media has made it a significant catalyst for vendors in today's market. Enterprises can readily interact with their clientele through diverse marketing initiatives.
The global artificial nails market is primarily segmented based on type, distribution channels, and materials.
Based on the type segmentation, the global artificial nails market is further divided into Wrap and Press-on, where the press-on segment dominates the global market share, accounting for almost 44% as per the market stats in the year 2022, and is predicted to register the highest compound annual growth rate, i.e., CAGR during the forecast period.
Based on distribution channels, the artificial nails market is further sub-segmented into supermarkets, hypermarkets, and specialty stores, where the specialty stores sub-segment owes the major market share among the other two sub-segments. These specialty stores differentiate themselves from the mass-market retailers who put quality ahead of quantity to prioritize their volume sales. The specialty stores for artificial nails, nail care products, nail art designs, UV nail curing, etc., enhance the consumer experience with a strong emphasis on personal care and guidance with detailed knowledge and skills in the domain.
Based on materials, the said market segment is segmented into acrylic nails, gel nails, dip powder nails, and others. Among these segments, the acrylic nails segment dominates the total market share, accounting for almost 35% of the market share. Acrylic nails are popularly known for their strength and durability and can be molded to form any kind of look to enhance appearance.
Artificial Nails Industry Region Insights
The global artificial nails market is primarily studied across four major regions, namely North America, Europe, Asia-Pacific, and the Rest of the World. Out of these, the North American region dominates the global market share, contributing to almost 41% of the total market share globally, and it is estimated that it will sustain its sturdy market position throughout the forecast period. Major emerging economies like the United States, Canada, and Mexico contribute to the overall market expansion of the North American region. Apart from this, the global expansion of nail salon services in the region drives the said market segment forward.
Followed by North America, the artificial nails market in the Asia-Pacific region is said to earn a substantial market share during the forecast period while achieving the highest CAGR, owing to the emerging economies like India and China. The growth of the APAC region is primarily attributed to the overall availability and cost-effectiveness of nail care products. Apart from these two major regions in the said market segment, the European region is estimated to grow at the fastest growth rate during the said forecast period.
The level of competition is rated to be high in the global artificial nails market, and the entry of top players in the industry has enhanced the fierce competition. The key players in the market are trying to make new market acquisitions, expansions, and developments during the forecast period. A wide variety of market players will also bring innovation and sustainability factors to the artificial nails market.
Recent Developments
In 2024, McDonald's will unveil its first-ever range of beauty goods, allowing all makeup-loving fast food fans to merge their two interests in spectacular way. The fast food behemoth has collaborated with British beauty firm Nails.INC to create a line of manicure products inspired by some of its most popular menu items. For those looking for the perfect McManicure, there are plenty of options, with the cooperation encompassing several'sets' containing numerous goods.
In October 2022, Sheeba Nails, a global manufacturer of fingernails and nail art products in the USA, introduced their innovative fingernail designs in various shapes and sizes, offering a variety of nail products that consist of UV and LED Gels.
In October 2022, Kiss Products Inc. launched a brand-new platform called BEAUTIFY, which is an online beauty service providing platform.
In September 2022, Young Nails, a global leader in the artificial nails market, launched their new acrylic nailing system and hard gel system.
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