The global artificial nails market size was valued at USD 1.45 billion in 2023. The market is expected to expand from USD 1.52 billion in 2024 to USD 2.37 billion by 2032, exhibiting a CAGR of 5.75% over the study period.
Artificial nails, which are also referred to as false nails or fake nails mean extensions which are kept over natural nails as fashion accessories or to improve the appearance of the nail. The advent of fashion industry trends across the globe is set to proliferate the demand for the product, augmenting the market growth. The market is witnessing the evolution of the consumers’ choices and uptake of the latest designs, colors, sizes, and looks due to the emergence of new fashion trends.
In contrast to other industries, the market witnessed a sustained influence of the COVID-19 pandemic considerably. This was due to a surge in salon shutdowns and health concerns in 2020, as people looked up for at-home beauty solutions.
Fortune Business Insights™ provides this information in its research report, titled “Artificial Nails Market, 2024-2032”.
Read More: https://www.fortunebusinessinsights.com/artificial-nails-market-110177
Segmentation:
Press on Nails Segment Led Attributed to the Durable Nature
On the basis of type, the market is bifurcated into press on nails and wrap nails. The press on nails segment secured the largest artificial nails market share in 2023 driven by the durability and long-lasting nature. This, coupled with their ease of application without any help or requirement for professional salon services is expediting the segment growth.
Acrylic Nails Dominate Market as the Material can be Designed into Several Shapes
In terms of material, the market is classified into gel nails, dip powder, acrylic nails, and others. In 2023, the acrylics segment held the dominating position in the global market as these types of nails can be designed as per requirements into various shapes and forms.
Surging Availability of Tailored Recommendations to Fuel Specialty Stores Growth
With respect to distribution channel, the market is divided into online retail, supermarkets/hypermarkets, specialty stores, and others. The specialty stores segment registered the largest share in 2023 on account of the increasing availability of expert advice, tailored recommendations, and personalized services.
On the regional front, the market for artificial nails is categorized into Europe, the Middle East & Africa, South America, North America, and Asia Pacific.
Key Player Covered in the Artificial Nails Market: