Market revenue in 2023 | USD 576.4 million |
Market revenue in 2030 | USD 890.9 million |
Growth rate | 6.4% (CAGR from 2023 to 2030) |
Largest segment | Regular nail polish (standard/traditional) |
Fastest growing segment | UV Gel Nail Polish |
Historical data | 2017 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Regular Nail Polish (Standard/Traditional), UV Gel Nail Polish, Dip Powder, Acrylic, Polygel, Others (Matte, Metallic, etc.) |
Key market players worldwide | Coty Inc Class A, L'Oreal SA, Revlon, The Estee Lauder Companies Inc Class A, Shiseido Co Ltd, Unilever PLC, Art of Beauty, butter LONDON |
Regular nail polish (standard/traditional) was the largest segment with a revenue share of 54.06% in 2023. Horizon Databook has segmented the Italy nail polish market based on regular nail polish (standard/traditional), uv gel nail polish, dip powder, acrylic, polygel, others (matte, metallic, etc.) covering the revenue growth of each sub-segment from 2017 to 2030.
Italian consumers prioritize high-quality nail polish in cosmetics, seeking quality, innovation, and style. Italy's demand for nail polishes extends beyond mere color preferences; it emphasizes formulation, durability, and health-conscious choices.
The market players offer a wide range of nail polish variants, including traditional lacquers, gel polishes, long-lasting formulas, and quick-dry options. Brands focus on formulations that cater to various preferences, such as chip-resistant, quick application, and easy removal.
The increasing interest in nail polish designs among younger demographics is poised to drive demand in the upcoming forecast period. The nail polish market remains highly dynamic, propelled notably by recent advancements in textures and finishes, often found in nail bars, as well as the latest eco-friendly innovations, reflecting a more responsible approach.
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