In 2021, the global nail polish market will be worth USD 13.8 billion. Between 2023 and 2032, this number will grow at a 6.1% compound annual growth rate. The growing demand for nail care products and nail art by consumers, particularly millennials, is one of the main factors driving the market growth.

Nail art and extensions are becoming a part of grooming for millennials. The forecast period will see a rise in demand for the product. The future will see a rise in demand for nail polish made with non-toxic, natural ingredients and lower chemical content.

Market Growth is a result of the chief drivers. Market growth is driven mainly by the changing fashion trends. The market’s growth is primarily due to health-conscious consumers who demand cosmetics made of non-toxic chemicals. To increase the market size, manufacturers focus on nail polish’s key features such as consistency, stickiness, and long-lasting. These key drivers will ensure that the Non-Toxic Nail Polish Market Report achieves its highest CAGR.

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The key drivers and players control the marketing issues to achieve a healthy and sustainable CAGR. Each player uses different marketing strategies to keep the market in a single state. The manager and other authorities ensure that the global market grows. They look after the Market Report each year.

A combination of increased brand awareness and awareness of beauty trends via magazines and articles is expected to increase the global nail polish industry’s growth. The global nail market is also expected to grow because of rising disposable incomes and rapid urbanization. Additionally, the global nail market will be boosted by a rising awareness of eCommerce platforms and an expanding female population. A positive impact is expected to be made by celebrity endorsements that increase public awareness about nail care fashion trends.

The liquid nail varnish market segment will experience significant growth over the forecast period. Segment growth can be driven by easy application and various colors manufacturers offer. The liquid nail polish segment is expected to grow due to its lower cost than gel-based ones.

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