Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Hair & Nail Accessories Market.
Global Hair & Nail Accessories Market size is projected to be valued at USD 36.2 Billion by 2027 at a CAGR of 6.9% between 2020 and 2027. The global market has been largely benefiting from the growing demand for fashion accessories across the world. Growing urbanization and increased per capita disposable income have created a huge opportunity for the fashion industry. Consumers have increased their spending on fashion accessories to enhance their appearance. The growing awareness for hair & nail accessories through social media and celebrity endorsements is expected to spur market growth during the forecast period. Moreover, the inclination of manufacturers toward this mode of distribution and the growth of the e-commerce sector are expected to boost the growth of the hair & nail accessories market during the review period. The key market players have been responsive in shifting consumer preferences and are focusing on strategic acquisitions, product launches, and partnerships.
Increasing spending on fashion accessories
Growth Opportunities in the Market
Growing trend of nail art: The nail accessories segment is projected to grow faster during the forecast period. Nail art has attracted a large population, and continuous innovation in the same with new designs and shades on nails is driving its market growth. Interestingly, nail art is not only limited to women, but men too have been using social media platforms like Pinterest and Instagram to stay well-informed with the latest trend.
Non-store-based distribution channel gaining popularity across the globe: The non-store-based segment is projected to register a higher growth rate during the forecast period. Manufacturers of hair & nail accessories are inclined towards non-store-based distribution channels for the sales of their products. Companies are opting for online distribution platforms as they extend their consumer reach. Companies are entering into a partnership with various online distributors to make their products widely available in the market.
Access Report Details @ https://www.marketresearchfuture.com/reports/hair-nail-accessories-market-10439