The nail industry is a booming business, with the global market size valued at $10.7 billion in 2020 and expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. The United States leads globally in terms of revenue generated by nail salons, while China represents the largest share of the global nail care market overall. Nail polish accounts for 54.3% of total sales within this sector, and there are around 54,000 nail salons across America alone as well as 16,000+ technicians working in Australia today.
In addition to these impressive figures related to salon numbers and product sales worldwide, it’s also interesting that 94% of U.S.-based employees are female and Vietnamese-national immigrants compose 45% or more of the workforce here too – not forgetting that organic/natural products have seen an increase in demand over recent years too. This blog post will explore all these statistics further so you can get up-to-date information on what’s happening within this ever growing industry right now.
This statistic is a testament to the immense size and scope of the nail care industry. It highlights the fact that the nail care market is a major player in the global economy, with a significant impact on the lives of millions of people around the world. It also serves as a reminder of the importance of the nail care industry in terms of its contribution to the overall health and beauty industry.
The nail care market is anticipated to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028,
This statistic is a crucial indicator of the nail care industry’s future prospects. It suggests that the market is expected to expand at a steady rate over the next seven years, indicating that the industry is likely to remain a viable and profitable sector. This is great news for those involved in the nail care industry, as it suggests that there is plenty of potential for growth and success in the years to come.
Nail Industry Statistics Overview
The United States ranks first globally in terms of nail salon revenue, generating $8.4 billion in 2021,
This statistic is a testament to the immense success of the nail industry in the United States. It highlights the fact that the US is a leader in the nail industry, generating a staggering $8.4 billion in revenue in 2021. This is a clear indication of the immense potential of the nail industry in the US and the immense opportunities it presents for entrepreneurs and investors.
In 2021, China represents the largest share of the global nail care market, with a market value of $1.84 billion,
This statistic is a testament to the immense growth of the nail care industry in China. It highlights the fact that the Chinese market is now the largest in the world, with a market value of $1.84 billion. This is a significant milestone for the nail care industry, as it shows that the industry is thriving in China and is likely to continue to do so in the future. This statistic is an important indicator of the potential for growth in the nail care industry, and it is an important piece of information for anyone interested in the nail care industry.
Nail polish represents 54.3% of the total nail care market in 2021,
This statistic is a testament to the immense popularity of nail polish in the nail care market. It shows that nail polish is the most sought-after product in the industry, with a majority of consumers opting for it over other nail care products. This highlights the importance of nail polish in the nail care industry and the potential for growth in the sector.
There are around 54,000 nail salons in the United States as of 2022,
This statistic is a testament to the booming nail industry in the United States. It shows that the nail industry is a thriving business, with 54,000 salons across the country. This is a clear indication that the nail industry is a lucrative and popular industry, and that it is here to stay.
Approximately 94% of nail salon employees in the U.S. are female,
This statistic is a telling indication of the gender imbalance in the nail salon industry. It highlights the fact that the majority of employees in this field are female, suggesting that the industry is dominated by women. This is significant as it implies that the nail salon industry is a female-dominated sector, and that there is a lack of gender diversity in the workforce. Furthermore, this statistic could be used to draw attention to the need for greater gender equality in the nail salon industry, and to encourage more men to enter the field.
The European nail care market is anticipated to grow at a CAGR of 4.73% from 2020 to 2027,
This statistic is a crucial indicator of the nail care industry’s potential for growth in the coming years. It suggests that the European nail care market is likely to experience a steady increase in demand, providing a lucrative opportunity for businesses in the sector. This could be a great opportunity for entrepreneurs and investors to capitalize on the growing market and make a profit. Furthermore, this statistic is also important for existing businesses in the nail care industry, as it provides them with an idea of the potential for growth and expansion.
The Asia-Pacific region is projected to have the fastest nail care market growth rate, with a CAGR of 6.91% from 2020 to 2027,
This statistic is a clear indication that the Asia-Pacific region is set to be a major player in the nail care market in the coming years. With a CAGR of 6.91%, the region is poised to experience significant growth in the nail care industry, making it an attractive destination for investors and entrepreneurs looking to capitalize on the potential of the sector. This statistic is a valuable insight into the future of the nail care industry and should be taken into consideration when discussing nail industry statistics.
In 2021, the average price of a manicure in the U.S. is $22.68,
This statistic is a telling indication of the current state of the nail industry in the United States. It reveals that the average price of a manicure is relatively affordable, suggesting that the industry is competitive and accessible to many. This statistic is also important in understanding the overall trends in the nail industry, as it provides insight into the pricing of services and the potential for growth.
The total annual revenue of the global organic and natural personal care industry, which includes organic nail care products, is expected to reach $27.08 billion by 2024,
This statistic is a powerful indicator of the potential of the organic and natural personal care industry, including organic nail care products, to become a major player in the global market. It shows that the industry is growing rapidly and is expected to reach a staggering $27.08 billion by 2024. This is a clear indication that the organic and natural personal care industry, including organic nail care products, is a lucrative and profitable sector that is worth investing in.
Nail salons in the U.S. witnessed a 7.5% increase in sales in 2019,
This statistic is a testament to the success of the nail industry in 2019, showing that the sector experienced a notable growth in sales. It is an important indicator of the health of the industry and provides insight into the current trends in the nail industry.
The nail treatment product segment is expected to grow at a CAGR of 6.51% between 2019 and 2024,
This statistic is a clear indication that the nail treatment product segment is on the rise, with a projected growth rate of 6.51% over the next five years. This is great news for the nail industry, as it suggests that the sector is likely to experience a period of sustained growth and expansion. This could lead to more job opportunities, increased investment, and a larger customer base for nail-related businesses. Ultimately, this statistic is a positive sign for the nail industry and its future prospects.
In 2019, Canadians spent an estimated $783.6 million on beauty and personal care services, including nail services,
This statistic is a testament to the immense popularity of nail services in Canada. It shows that Canadians are willing to invest a significant amount of money in beauty and personal care services, with nail services being a major part of that. This indicates that the nail industry is thriving in Canada and is an important part of the beauty and personal care industry.
Approximately 6,900 people work as manicurists and pedicurists in the United Kingdom in 2020,
This statistic is a telling indication of the size of the nail industry in the United Kingdom. It shows that the industry is large enough to employ nearly 7,000 people, which is a significant number of people. This statistic is important to consider when discussing the nail industry in the UK, as it provides a clear indication of the industry’s size and scope.
Conclusion
The nail industry is a rapidly growing market, with the global nail care market size valued at $10.7 billion in 2020 and expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2021 to 2028. The United States ranks first globally in terms of revenue generated by its nail salons, generating $8.4 billion in 2021 alone, while China represents the largest share of the global nail care market with a value of $1.84 billion that same year.
Nail polish accounts for 54.3% of total sales within this sector and there are around 54,000 U.S.-based salons as well as 16,000 Australian-based ones employing 94% female workers who often come from Vietnamese backgrounds or other immigrant communities across both countries respectively; these figures demonstrate how much potential lies within this field for those looking to pursue it professionally or otherwise invest their time into it on an individual level – whether through self-employment or working under another business entity – due to its high demand among consumers worldwide seeking beauty services such as manicures which cost an average price point between US$22-$58 depending on location and type offered per service rendered annually alongside organic/natural products being increasingly sought after too given their rising popularity over recent years amongst customers alike thus making them highly profitable investments overall when taken into account all together here today.
References
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6. – https://www.globenewswire.com
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