Middle East & Africa Nail Polish Market Size & Outlook
Middle East & Africa nail polish market, 2017-2030 (US$M)
Related Markets
MEA nail polish market highlights
- The MEA nail polish market generated a revenue of USD 1,092.3 million in 2023.
- The market is expected to grow at a CAGR of 7.7% from 2024 to 2030.
- In terms of segment, regular nail polish (standard/traditional) was the largest revenue generating type in 2023.
- UV Gel Nail Polish is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,092.3 million |
| Market revenue in 2030 | USD 1,832.9 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Regular nail polish (standard/traditional) |
| Fastest growing segment | UV Gel Nail Polish |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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 |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.7% of the global nail polish market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,643.5 million by 2030.
Regular nail polish (standard/traditional) was the largest segment with a revenue share of 49.15% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
The Middle East, particularly Saudi Arabia and the UAE, is emerging as a significant market for nail polish. In the UAE, where cultural and religious considerations are integral to lifestyle choices, the popularity of halal nail polishes is increasing.
Consumers in the region seek beauty products that respect their religious beliefs and practices. Los Angeles, U.S.-based ORLY is one of the key brands offering halal nail polishes in the UAE, Saudi Arabia, and the rest of the Middle East.
The growing demand for halal nail polishes is likely to encourage many regional and international players to obtain halal certifications to meet the required standards. The nail polish market in South Africa is characterized by the rising trend of cultural celebration and localization, with beauty brands like Sorbet recognizing the importance of reflecting regional preferences in their products.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Nail Polish Market Scope
Nail Polish Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA nail polish market size, by country, 2017-2030 (US$M)
Middle East & Africa Nail Polish Market Outlook Share, 2023 & 2030 (US$M)
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