Product Code: ETC334404 | Publication Date: Aug 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India nail polish market import shipment demonstrated a steady growth trajectory with a CAGR of 7.8% from 2020 to 2024. However, there was a slight decline in growth rate between 2023 and 2024 by -0.5%, indicating a potential stabilization or mild slowdown in the market's expansion towards the end of the period.
The India nail polish market was estimated at INR 2133 crore in 2018 with an annual growth rate between 10 ? 12%. This growth is attributable mainly due to changing lifestyle trends amongst women who are more inclined towards experimenting with their looks through different beauty treatments such as painting nails with creative hues or using glitters for added sparkle etc., apart from rising disposable incomes that enable them to invest more on personal grooming needs like manicures/pedicures etc.. Furthermore international brands entering into this segment have also fuelled its expansion along with manufacturers introducing various improvements like fast drying formulas or long lasting effects etc., making it even more attractive option amongst end users thereby propelling its overall development going forward in times ahead too.
The India nail polish market is projected to experience robust growth, supported by various drivers. Rising fashion consciousness, especially among the younger population, is driving the demand for nail care and beauty products, including nail polish. Additionally, innovative nail art trends and a growing number of nail salons and beauty parlors are further propelling the market. The availability of a wide range of colors, finishes, and formulations, along with celebrity endorsements and social media influence, are also boosting the adoption of nail polish among consumers.
The India nail polish market is experiencing growth as beauty and grooming trends gain traction among consumers. However, the market faces challenges related to safety and health concerns. Harmful chemicals such as formaldehyde, toluene, and dibutyl phthalate traditionally used in nail polishes have raised alarms regarding their potential adverse effects. Manufacturers need to address these concerns by formulating nail polishes with safer ingredients. Moreover, staying updated with color and design trends while ensuring affordability can be challenging for businesses in this competitive market.
The India nail polish market has experienced steady growth, fueled by changing fashion trends, growing urbanization, and the influence of social media. Nail polish is a popular cosmetic product among young consumers. The COVID-19 pandemic initially led to a decline in the market as consumer priorities shifted, and salons were closed due to lockdowns. However, as restrictions eased, the market showed signs of recovery, with a renewed focus on DIY nail care and innovative nail art trends.
The India nail polish market is experiencing a surge in demand due to changing beauty trends and growing fashion consciousness. With a diverse range of colors and formulations available, consumers are keen on experimenting with nail art. Leading cosmetic companies like Lakm?, Colorbar, and Maybelline are key players shaping this market, offering innovative nail polish products that cater to various preferences and styles.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Nail Polish Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Nail Polish Market Revenues & Volume, 2021 & 2031F |
3.3 India Nail Polish Market - Industry Life Cycle |
3.4 India Nail Polish Market - Porter's Five Forces |
3.5 India Nail Polish Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Nail Polish Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Nail Polish Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing disposable income of consumers in India leading to higher spending on beauty and personal care products. |
4.2.2 Growing awareness and adoption of nail art trends among the younger population. |
4.2.3 Expansion of organized retail channels and e-commerce platforms making nail polish products more accessible to a larger consumer base. |
4.3 Market Restraints |
4.3.1 Presence of counterfeit or low-quality nail polish products impacting consumer trust and market growth. |
4.3.2 Fluctuations in raw material prices affecting the production costs for nail polish manufacturers. |
4.3.3 Regulatory restrictions or compliance requirements related to the use of certain chemicals in nail polish formulations. |
5 India Nail Polish Market Trends |
6 India Nail Polish Market, By Types |
6.1 India Nail Polish Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Nail Polish Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 India Nail Polish Market Revenues & Volume, By Regular Nail Polish, 2021-2031F |
6.1.4 India Nail Polish Market Revenues & Volume, By Gel Nail Polish, 2021-2031F |
6.1.5 India Nail Polish Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Nail Polish Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 India Nail Polish Market Revenues & Volume, By Hypermarkets & Supermarkets, 2021-2031F |
6.2.3 India Nail Polish Market Revenues & Volume, By Specialty Stores, 2021-2031F |
6.2.4 India Nail Polish Market Revenues & Volume, By E-commerce, 2021-2031F |
6.2.5 India Nail Polish Market Revenues & Volume, By Others, 2021-2031F |
7 India Nail Polish Market Import-Export Trade Statistics |
7.1 India Nail Polish Market Export to Major Countries |
7.2 India Nail Polish Market Imports from Major Countries |
8 India Nail Polish Market Key Performance Indicators |
8.1 Social media engagement metrics such as likes, shares, and comments on nail polish brands' posts indicating consumer interest and brand visibility. |
8.2 Number of nail salons and beauty parlors offering nail art services across different regions in India as an indicator of the growing nail care market. |
8.3 Participation rates in nail polish-related events, workshops, or exhibitions showcasing the popularity and demand for nail polish products in the market. |
9 India Nail Polish Market - Opportunity Assessment |
9.1 India Nail Polish Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Nail Polish Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Nail Polish Market - Competitive Landscape |
10.1 India Nail Polish Market Revenue Share, By Companies, 2024 |
10.2 India Nail Polish Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |