Global Hair & Nail Accessories Market size is projected to reach approximately USD 36.2 Billion by 2027, at a CAGR of 6.9% from 2020 to 2027. Hair & nail accessories enhance the appearance of an individual, which is majorly driving the market growth. With the growth of the fashion industry, a wide variety of innovative products are made available in the market to the customers. The increase in annual disposable income, especially in developing countries, and growing preferences for personal grooming among the middle-class population is expected to result in the exponential growth of the market during the forecast period. The growing working population and their increasing spending on fashion accessories is boosting the market growth. Also, manufacturers are highly inclined towards continuous innovation and improvement in product quality and designs.
Global Hair & Nail Accessories Market has witnessed high growth in recent years. Rapid urbanization and growing per capita disposable income of consumers are driving demand for appearance-enhancing products such as hair and nail accessories. Frequent product innovations and the booming organized retail sector are also expected to fuel the growth of the global hair & nail accessories market. Through social media and celebrity endorsement, innovative marketing campaigns prove to be an innovative marketing strategy uplifting market growth. Also, Gen Z and millennial populations constantly keep themselves updated on fashion trends through various beauty blogs, which help uplift the demand for hair & nail accessories. To cater to the trending consumer needs, market players are focusing on the launch of innovative products with claims such as eco-friendly and chemical-free. The key players in the beauty and cosmetics industry are also entering the hair & nail accessories market, looking at the large opportunities the market holds.
Increasing spending on fashion accessories
By Product Type
By Distribution Channel
|Market Size||USD 36.2 Billion|
|CAGR||6.9% (2020 to 2027)|
|Forecast Period||2020 to 2027|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product Type and Distribution Channel|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Lele Sadoughi (US), Valet Studio (Australia), MISA Los Angeles (US), Conair Corporation (US), DONNI (US), Goody Products Inc. (US), Claire's Inc. (US), Jennifer Behr (US), LELET NY (US), Novità Hair Accessories (Greece), Coty Inc. (US), KISS Products Inc. (US), Incoco Products (US), Ciaté London (UK) and Gershion (China)|
|Key Market Opportunities||
|Key Market Drivers||