Market revenue in 2023 | USD 2,397.3 million |
Market revenue in 2030 | USD 3,491.2 million |
Growth rate | 5.5% (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 45.18% in 2023. Horizon Databook has segmented the U.S. 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 increasing popularity of nail polish in the U.S. has led to the introduction of unique nail polish finishes, such as glitter, magnetic, sequins, and metallic. The growing trend among women to groom their nails, along with the launch of several new products, is expected to drive the market demand over the forecast period. Nail art and extensions have become an important grooming component among millennials.
Moreover, this demand is expected to grow rapidly over the forecast period owing to the introduction of nail paints with natural and chemical-free content. Moreover, the demand for liquid-based nail polish is driven by its easy application and availability in various colors.
Liquid products are expected to account for a larger market share over the forecast period, considering their longstanding presence. In addition, these products have witnessed various advancements and developments in terms of color textures and product designs for easy usability.
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