Increasing youth population, adoption of western lifestyle & culture and rising number of beauty salons to boost India nailcare market through 2024
According to TechSci Research report, “India Nail Polish Market By Product Type, By Distribution Channel, Competition, Forecast & Opportunities, 2024”, India nail polish market is anticipated to witness significant growth during forecast period on account of increasing urbanization along with rising expenditure on personal appearance to look good backed by increasing disposable income. Moreover, growing cosmetic market and increasing number of professional salons and beauty parlors providing nail care services are further anticipated to drive India nail polish market over the next five years. Additionally, new product developments and collaborations between manufacturers and salons are expected to have a positive impact on the market. The introduction of nail paints with natural contents and reduced chemical content is the latest trend in the nail polish market of India. However, the manufacturers are expected to face stiff competition in terms of pricing, supply and marketing during the forecast period.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on “ India Nail Polish Market”
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India nail polish market can be segmented based on product type, distribution channel and region. Based on product type, the market can be segmented into matte, gel, pearl and others. Matte type nail polish segment is expected to witness significant growth during forecast period owing to its easy application and low cost coupled with a availability of a wide range of colors. Lakme Lever Private Limited, L’Oreal India Pvt. Ltd, The Himalaya Drug Company, Oriflame India Private Limited, Unilever India Exports Limited, Lotus Herbals Private Limited, Bio Veda Action Research Co. (Biotique), Modi Revlon Pvt Ltd, Colorbar Cosmetics Pvt. Ltd., Shahnaz Husain Group of Companies are the leading players operating in India nail polish market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“Nail polish market of India is anticipated to grow at a brisk rate during the forecast period on account of surging demand from youth population, increasing disposable income, rising consciousness among women to be well-groomed and rapid growth in the nail care business. Moreover, increasing per capita expenditure on personal appearance and growth in beauty and cosmetics market are some of the other factors expected to propel demand for nail polish over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“India Nail Polish Market By Product Type, By Distribution Channel, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of India nail polish market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India nail polish market.
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