The global nail polish industry is a rapidly growing market, with the latest statistics showing that it is predicted to be worth $15.55 billion by 2024. The nail care sector accounts for approximately 13.4% of the entire beauty industry revenue and in 2019, revenues from US-based nail salons exceeded $8.5 billion dollars alone. In 2020, the United States generated around $346 million in revenue from its own segment of this market while employing over 132,000 people within the same year.
In addition to these impressive figures coming out of North America and Europe, Asia Pacific has also seen significant growth due to large populations such as China and India – expected to observe some of the fastest growth between 2018-2024 according to recent studies on this topic. Furthermore, China was found to have been responsible for 28% percent of all exports related specifically towards nail polish products worldwide last year; an indication that there are many opportunities available across different countries when it comes down investing into this particular niche area within cosmetics & beauty industries overall.
This blog post will explore further details about Nail Polish Industry Statistics including household consumption expenditure on products throughout Europe (€2/94 per capita), estimated annual revenue projections for 2021 ($295 million) in Germany plus much more information regarding vegan product CAGR’s (6/3%), top 5 importers globally (United States being #1) along with leading brands like OPI who had 12/4% share back in 2019 etc.
This statistic is a testament to the immense potential of the nail polish industry. It shows that the market is expected to grow significantly in the coming years, indicating that now is the perfect time to invest in the industry. This statistic is a valuable insight for anyone looking to gain a better understanding of the nail polish industry and its future prospects.
The nail care sector accounts for approximately 13.4% of the entire beauty industry revenue.
This statistic is a testament to the nail care sector’s immense contribution to the beauty industry. It highlights the significance of the nail care sector in the beauty industry and its potential for growth. This information can be used to inform readers of the blog post about the nail polish industry’s importance and potential for success.
Nail Polish Industry Statistics Overview
In the United States, nail salon revenues exceeded $8.5 billion in 2019.
This statistic is a testament to the immense popularity of nail salons in the United States. It shows that the nail polish industry is thriving and that people are willing to spend money to get their nails done. This is an important indicator of the health of the industry and provides valuable insight into the current trends in the nail polish industry.
In 2020, the nail polish segment in the United States generated revenue of around $346 million.
This statistic is a testament to the immense popularity of nail polish in the United States. It shows that the nail polish segment is a lucrative industry, with a substantial amount of revenue generated in 2020 alone. This statistic is an important indicator of the health of the nail polish industry and provides valuable insight into the current trends and market conditions.
The nail services industry in the US employs over 132,000 people in 2020.
This statistic is a testament to the sheer size of the nail services industry in the US. It highlights the fact that the industry is a major employer, providing jobs to over 132,000 people in 2020. This is an important point to consider when discussing the nail polish industry, as it shows the impact the industry has on the US economy.
The market size of the nail salons industry in the US has grown 1.4% per year on average between 2016 and 2021.
This statistic is a key indicator of the nail salons industry’s growth and success, providing insight into the industry’s overall performance over the past five years. It is an important piece of information for anyone interested in the nail polish industry, as it shows the potential for growth and expansion in the sector. Additionally, it can be used to inform decisions about investments, marketing strategies, and other business decisions related to the nail polish industry.
The Asia Pacific market is expected to observe the fastest growth in the nail polish industry from 2018 to 2024, due to the large population in countries such as China and India.
This statistic is a key indicator of the potential for growth in the nail polish industry in the Asia Pacific region. With the large population in countries such as China and India, the Asia Pacific market is expected to be a major driver of growth in the industry over the next few years. This means that businesses looking to capitalize on the nail polish industry should consider the Asia Pacific region as a key market for their products.
China was the largest exporter of nail polish, accounting for over 28.2% of global nail polish exports in 2020.
This statistic is a testament to the sheer size and influence of the Chinese nail polish industry. It highlights the fact that China is a major player in the global nail polish market, and that its exports are a major factor in the industry’s success. This is an important point to consider when discussing the nail polish industry, as it demonstrates the importance of China’s role in the industry.
Household consumption expenditure on nail care products in Europe in 2019 amounted to an average of €2.94.
This statistic is a telling indication of the popularity of nail care products in Europe in 2019. It shows that Europeans are willing to invest in their nail care, with an average expenditure of €2.94 per household. This is a clear indication that the nail polish industry is thriving in Europe, and that it is a lucrative market for businesses to tap into.
The nail polish market in the UK is expected to grow annually by 4.1% (CAGR 2021-2025).
This statistic is a key indicator of the potential for growth in the UK nail polish market. It shows that the industry is expected to expand at a steady rate over the next few years, providing a great opportunity for businesses to capitalize on the increasing demand for nail polish products. This statistic is essential for anyone looking to gain insight into the nail polish industry and make informed decisions about their investments.
The nail polish segment in Germany is expected to have a market volume of approximately $295 million in 2021.
This statistic is a testament to the immense potential of the nail polish segment in Germany. It shows that the market is expected to grow significantly in 2021, indicating that the industry is ripe for investment and expansion. This is an important piece of information for anyone interested in the nail polish industry, as it provides a glimpse into the future of the sector and the potential for success.
Approximately 70% of the global nail polish market consists of liquid nail polish, while the remaining 30% consists of gel nail polish in 2020.
This statistic is a crucial insight into the nail polish industry, as it reveals the current market share of liquid and gel nail polish. It is an important indicator of the industry’s current trends and preferences, and can be used to inform decisions about product development, marketing strategies, and more. This statistic is essential for anyone looking to gain a better understanding of the nail polish industry.
The top 5 importers of nail polish in 2020 were the United States, France, the United Kingdom, Germany, and China.
This statistic is a telling indication of the nail polish industry’s global reach. It shows that the United States, France, the United Kingdom, Germany, and China are the top five importers of nail polish, indicating that the industry is thriving in these countries. This is an important insight for anyone interested in the nail polish industry, as it provides a glimpse into the industry’s current state and potential for growth.
In 2019, Coty Inc.’s OPI was the leading nail polish brand, with a 12.4% share of the nail polish market.
This statistic is a testament to the success of Coty Inc.’s OPI brand in the nail polish market. It shows that OPI has been able to capture a significant portion of the market, making it the leading nail polish brand in 2019. This is an important indicator of the overall health of the nail polish industry and provides valuable insight into the current trends in the market.
In 2019, the Indian nail polish market value was estimated at $89 million.
This statistic is a telling indication of the size and scope of the Indian nail polish market. It reveals that the industry is a lucrative one, with a market value of $89 million in 2019. This statistic is an important piece of information for anyone interested in the nail polish industry, as it provides a snapshot of the industry’s current state and potential for growth.
Japan’s nail salon market size reached roughly 488 billion yen (approx. $4.5 billion) in 2019.
This statistic is a testament to the immense size of Japan’s nail salon market, indicating that the nail polish industry is a major player in the country’s economy. It also serves as a reminder of the potential for growth in the industry, as the market size is expected to continue to increase in the coming years. This is an important statistic to consider when discussing the nail polish industry, as it provides insight into the current state of the market and its potential for growth.
According to Pinterest, searches for bright and bold nail colors increased by 131% in 2019.
This statistic is a clear indication that the nail polish industry is booming. It shows that people are increasingly interested in bright and bold colors, which is a great sign for the industry. This statistic is a testament to the fact that the nail polish industry is thriving and that people are more willing to experiment with different colors. This is an important statistic for anyone interested in the nail polish industry, as it shows that the industry is growing and that people are more open to trying new colors.
The growing number of vegan products may achieve up to 6.3% CAGR in revenue in the nail polish market by 2024.
This statistic is a clear indication that the nail polish market is experiencing a surge in vegan products, with a projected 6.3% CAGR in revenue by 2024. This is an important statistic for anyone interested in the nail polish industry, as it shows that vegan products are becoming increasingly popular and profitable. It also suggests that the industry is likely to continue to grow in the coming years, making it an attractive investment opportunity.
By 2024, the nail care market in South Africa is projected to reach ZAR 2.74 billion ($180 million).
This statistic is a clear indication of the potential of the nail care market in South Africa. It shows that the industry is growing and is expected to reach a significant size in the near future. This is an important piece of information for anyone interested in the nail polish industry, as it provides an insight into the potential of the market and the opportunities that may be available.
Conclusion
The global nail polish market is a rapidly growing industry, with the worldwide market predicted to be worth $15.55 billion by 2024 and the US alone generating revenue of around $346 million in 2020. The Asia Pacific region is expected to observe the fastest growth due to its large population, while China was the largest exporter of nail polish in 2020. In addition, household consumption expenditure on nail care products has been increasing steadily across Europe and South Africa’s nail care market is projected to reach ZAR 2.74 billion ($180 million) by 2024. Furthermore, vegan products are gaining traction within this sector as searches for bright and bold colors have increased significantly over recent years – indicating that there will likely be further growth opportunities for companies operating within this space going forward into 2021 and beyond.
References
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5. – https://www.www.statista.com
6. – https://www.www.fortunebusinessinsights.com
7. – https://www.www.refinery29.com
8. – https://www.www.ibisworld.com
