Nail Saver Market Report Overview
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The global nail saver market size expanded rapidly in 2021. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR during the forecast period.
Nail saver products help to improve the health of nails and cuticles and keep them looking beautiful. These products are widely used by salons and individuals, and their popularity is on the rise. The growing trend of nail art and manicures, especially among the younger generation, is driving the demand for nail saver products. Additionally, the rising awareness about nail health is also contributing to the market's growth.
COVID-19 Impact: Pandemic Halted Market Operations and Slowed Down Product Demand
The COVID-19 pandemic had a mixed impact on the nail saver market. On one hand, the lockdowns and closure of salons led to a decline in the sales of nail saver products. However, on the other hand, the trend of DIY manicures and home-based nail care led to a surge in demand for nail saver products. The pandemic also led to increased focus on hygiene, which boosted the demand for nail polish removers and other products that promote clean and healthy nails.
Latest Trends
"Natural and Organic Ingredient-based Products to Drive Growth "
The global nail saver market is witnessing some latest trends, including the adoption of natural and organic ingredients in nail saver products. There is also a growing focus on developing multi-functional products that offer a range of benefits such as strengthening, growth, and hydration. The market is also seeing a surge in demand for vegan and cruelty-free products. The use of advanced technology in the production of nail saver products is also gaining traction. Moreover, the rising popularity of online sales channels is expected to boost the market growth in the coming years.
Nail Saver Market Segmentation
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- By Type
Based on product type, the market can be segmented into clear color nail saver, colored nail saver and others. The clean color nail saver segment will capture maximum market share through 2028.
- By Application
Based on the application, the market can be segmented into women and men. The women segment is likely to generate maximum revenue by 2028.
Driving Factors
"Rising Demand for Sustainable Solutions to Drive Growth"
The global nail saver market is expected to witness growth due to the increasing demand for sustainable solutions. The rising awareness about environmental conservation and the need to reduce carbon emissions is driving the demand for nail savers. Nail savers help in reducing the wastage of nails and increase their lifespan, thereby reducing the need for frequent replacements. This, in turn, helps in reducing the carbon footprint and contributes to sustainable development.
"Growing Construction Industry to Present New Opportunities"
The growing construction industry is expected to drive the demand for nail savers. Nail savers are widely used in the construction of buildings, bridges, and other infrastructure projects. The increasing investments in infrastructure development and the rise in urbanization are expected to fuel the growth of the construction industry, thereby boosting the demand for nail savers.
Restraining Factors
"Availability of Alternative Fastening Solutions to Affect Product Demand "
The availability of alternative fastening solutions is a significant factor restraining the growth of the nail saver market. Fastening solutions such as adhesives, screws, and bolts are gaining popularity owing to their ease of use and availability. These alternatives also offer a wide range of applications and are cost-effective, which is expected to limit the adoption of nail savers. The limited awareness and adoption of nail savers are also restraining the market growth. Many consumers are unaware of the benefits of nail savers and continue to use traditional nail fastening methods. This lack of awareness and reluctance to adopt new technologies is expected to hinder the growth of the nail saver market.
Nail Saver Market Regional Insights
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Asia Pacific is anticipated to dominate the market, primarily due to the increasing demand for nail care products in countries such as China, Japan, and South Korea. The rising awareness of nail hygiene and grooming among consumers in the region is expected to drive the market growth further. In North America, the market is also expected to grow, primarily due to the increasing number of professional salons and spas in the region.
Key Industry Players
The global nail saver market is highly competitive, with major players adopting innovative strategies to influence market development. Companies are focusing on product innovation, research and development, and mergers and acquisitions to improve product quality and expand their market presence. In addition, collaboration with other companies is helping players stay ahead of the competition.
List of Market Players Profiled
- Estee Lauder
- Maybelline
- OPI
- Orly
- Chanel
- Revlon
- MISSHA
- Shiseido
- ZOTOS ACCENT
- Annasui
- Cosmay
- Innisfree
- DHC
Report Coverage
This report examines an understanding of the global aerofoil market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.
Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.
This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.
Frequently Asked Questions
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What are the major drivers of the global nail saver market?
The growing demand for nail care products, increasing awareness of nail hygiene and grooming, and the rise of professional salons and spas are the major drivers of the global nail saver market.
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Which regions are expected to dominate the global nail saver market?
The Asia Pacific region is expected to dominate the global nail saver market, primarily due to the increasing demand for nail care products in countries like China, Japan, and South Korea. The North American market is also expected to grow due to the growing number of professional salons and spas in the region.
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Who are the major players in the global nail saver market?
Some of the major players in the global nail saver market include Estee Lauder, Maybelline, OPI, Orly, Chanel, Revlon, MISSHA, Shiseido, ZOTOS ACCENT, Annasui, Cosmay, Innisfree, DHC, others.