Market revenue in 2023 | USD 851.8 million |
Market revenue in 2030 | USD 1,124.9 million |
Growth rate | 4.1% (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 49.93% in 2023. Horizon Databook has segmented the UK 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 popularity of nail trends such as nail art and nail extensions available in high-street fashion stores and dedicated nail salons, especially in the fashion capital, London, is expected to boost the U.K. market.
Moreover, emerging market trends have encouraged the growth of beauty and personal care products in the U.K. This includes creating items that appeal to the age and ethnicity in tandem with utilizing technology to enhance marketing strategies.
The use of creative, ecologically friendly packaging and design has also contributed to the appeal of grooming goods. U.K. consumers are demanding more sophisticated products that offer multiple benefits such as manicures, pedicures, UV protection, aging treatment, long-lasting effects, ease of use, and convenience. This is expected to positively impact the market over the forecast period.
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