ID: MRFR/CR/2527-HCR | 90 Pages | Published By Varsha More on March 2023
The Non-Toxic Nail Polish Market is projected to estimate 5.45% CAGR worth USD 2.78 Billion by 2030 during the evaluation period.
The Non-Toxic Nail Polish Market is projected to estimate 5.45% CAGR worth USD 2.78 Billion by 2030 during the evaluation 2022-2030. The present growth of the market to grow at a stable rate till the forecast period. The rise in demand for cosmetics with less harmful chemical content is responsible for the growth of the Market. The chemicals in nail polish can be harmful to the human body; when we consume food, we don't want to consume harmful chemicals even by mistake. The nail polish on the nail may contain harmful chemicals for our body; therefore, the customer's concern about their body drives the Market. Nail polish is a major cosmetic product for ladies, and they prefer different types and colors of nail polish according to their needs. Simultaneously, customers prefer to use toxic chemical-free nails. The organic nail polish does not contain any harmful chemicals, the rise in demand for organic and herbal cosmetics is driving the Market Growth. The non-toxic chemicals are getting popular among the customers, and they mostly go to the organic section of a beauty store for purchasing. Harmful chemicals like toluene, dibutyl phthalate, and formaldehyde are considered carcinogens; the use of these chemicals in nail polish must be reduced.
The key player's Non-Toxic Nail Polish Market are trying their best to develop nail polish features to make it less toxic. The manufacturers focus on detecting and removing the toxic chemical content from the nail polish before entering the product into the production market. A trace amount of toxic chemicals are added to the non-toxic nail polish. To meet the fashion statement of today's generation, the Market is trying to work on the primary chemicals used in nail polish to allure the nails without harmful chemicals. The players are focusing on launching new and innovative products that are non-toxic to the human body. They are trying to make them available across the different regions of the world.
COVID-19 pandemic has affected the growth rate of the various market. The Market even faced many related issues due to the rules and regulations of the imposed lockdown. There was a decline in the supply of non-toxic chemicals because the manufacturing units were closed due to lockdown. The primary chemical transportation was hampered because the lockdown rules stopped the movement of vehicles. The outbreak of the virus has reduced the market growth, and the managing relationship between the manufacturers and the managers was badly affected. But during the post-pandemic period, the key players focus more on the customer's need and try to produce good non-toxified nail polish with long-lasting features. The players are paying extra attention to the growth factors driving the Non-Toxic Nail Polish Market Growth.
Chief Variables Existing In The Market
The chief drivers are responsible for the Market Growth. The day-by-day changes in fashion trends of the customer's choice are largely driving the market. People being health-conscious demanding for cosmetics composed of non-toxic chemicals the major factor of the market growth. The manufacturers are focusing on the features of the nail polish like a good base for consistency, long-lasting, sticking property, etc., developing the market size. The key drivers will play a chief role in making the Non-Toxic Nail Polish Market Report register its highest CAGR.
Many marketing challenges are affecting the Market Growth. The rise in the need for non-toxic chemicals for manufacturing nail polish is one of the major challenges. It's not easy to get non-toxic chemicals, and it needs enough time to remove toxicity from the chemicals. This factor is challenging the market for the production process. But the key players play their role perfectly to overcome these issues.
The market is expected to receive vast opportunities in the upcoming days. The fashion statement keeps on changing all the time, and every individual has different choices. The choice of most people to use non-toxic nail polish is driving the market size, and harmful chemicals in nail polish can show a bad impact on the skin and even during food intake. This is a major concern of people is helping the Non-Toxic Nail Polish Market to grow.
The key drivers and the players are controlling the marketing issues to achieve a healthy CAGR. The players implement different marketing strategies to drive the market in a uniform state. The manager and other authorities take the right decision to develop the market growth at the global level. They are looking after the Market Report annually.
Cumulative Evaluation Of The Market
The core objective and the growth of the market according to its performance are evaluated in the report. The different growth factors, opportunities, and other variables are considered for driving the market growth. Many factors and opportunities may show both negative and positive impacts on the Non-Toxic Nail Polish Market Report in the future years. Based on the present performance and the other earlier reports, the market is excepted to reach the estimated CAGR during the evaluation period.
The Market is segmented into different segments based on product type, finish, distribution channel, and region.
The market is classified based on product type into base coat, top coat, gel, etc. The base coat segment holds the largest market share at the global level due to its wide preference. This segment is even projected to register the highest growth rate in the Non-Toxic Nail Polish Market Share.
The market is classified into glossy, matte, glitter, satin, and others based on the finish segment. The glossy and matte segments show good performance because it has been the major choice of multiple customers. These segments will help the market to reach the estimated CAGR.
The distribution channel is segmented into store-based and non-store-based segments, where the store-based segment is further classified into supermarkets, hypermarkets, specialty stores, and others. The store-based segment will receive the highest growth rate because most people prefer to buy from stores; this factor drives the segment's growth.
The Non-Toxic Nail Polish Market is spreading its roots in major regions such as North America, Europe, Asia Pacific, and the rest of the world. Among these major reasons, North America is estimated to hold the largest share in the Market Share with an improved CAGR percent. The regions of North America, such as the US and Canada, are playing a major role in driving the regional market growth of the continent. The European market is expected to account for significant growth in the global market. Other regions such as Asia Pacific, South America, the Middle East, and Africa even show consistently during the forecast period.
The Non-Toxic Nail Polish Market is flourishing with its market growth at the global level. The demand for non-toxic chemical products is responsible for its growth for various reasons. The growth factors and the opportunities are developing the Market Share. Many chief companies are dominating and expanding their business all over the world is mentioned below:
Recent Market Developments
The analysis of the Non-Toxic Nail Polish Market report has been stated based on its performance, and the market will show significant growth in the upcoming years. The market segments are driving the market growth in various regions of the world. The major segments like the base coat segment and store-based segment are responsible for the market's growth at the global level. The marketing strategies illustrated by the players to bring positive impact on the Non-Toxic Nail Polish Market Growth.
Key Industrial Segments
Non-Toxic Nail Polish Market, by Product Type
Non-Toxic Nail Polish Market, by Finish
Non-Toxic Nail Polish Market, by Distribution channel
|Market Size||USD 2.78 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Type, By Finish, By Distribution Channel, and By Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Orly International Inc (US), Kure Bazaar SAS (France), Smith & Cult LLC (US), NBY London Ltd. (UK), Kosé Corporation (Japan), Art of Beauty Inc (US), Pacifica Companies (India), Benecos. (UK), Cienna Rose Limited (UK), butter LONDON LLC (UK)|
|Key Market Opportunities||Day-by-day changes in fashion trends|
|Key Market Drivers||People being health-conscious|
The market size by 2030 can be USD 2.78 billion.
The global market is expected to expand at a rate of 5.45% in the following period.
With the evolving fashion trends and the rising consumer desire for appealing nails, players are increasing their focus on research and development activities to come up with new and innovative non-toxic nail polish.
The key types of non-toxic nail polish in the market are gel, top coat, base coat, and more.
The growth rendering factors in the North American market are increasing awareness about the harmful effects of chemicals on the human body and growing preference for beauty-enhancing products.