As per the analysis conducted by Market Research Future Reports (MRFR), the global Skin Care Products Market is estimated to acquire market value of USD 2.3 billion, expanding at a CAGR of 4.9% during the forecast period from 2019 to 2024. The growing awareness among the consumers regarding the toxic impact of chemicals used in regular nail polish is estimated to be the most significant factor augmenting the global Skin Care Products Market 2020.
The usage of organic raw material eliminates the scope of toxicity in the nail polish, which results in the rise of demand for non-toxic nail polishes. The increasing fashion of nail art, nail care, and usage of multi-color nail polishes is estimated to drive the global market in the forthcoming period. The grown inclination towards a nail spa is further likely to affect the market positively. In addition, fashion events are gaining momentum considerably, which further strengthens the market during the forecast period. Besides, the change in lifestyle increased disposable income, and a growing number of employed women are some of the other important factors escalating the demand for non-toxic nail polish. Also, the ease of application and affordability with a broad array of selection is estimated to propel the demand during the assessment period. Moreover, the fast-growing fashion and cosmetics industry owing to the rise in demand for beauty products is estimated to be a notable factor in the forthcoming period.
The renowned players of the global non-toxic market are Orly International, Inc (US), Beautylish, Inc. (the US), Kure Bazaar SAS (France), Karma Organic Spa (US), Smith & Cult, LLC (US), Honeybee Gardens Inc. (US), NBY London Ltd. (UK), Kester Black (UK), Art of Beauty Inc (US), Jinsoon (UK), Pacifica Companies (India), Soigné nails (UK), Benecos. (UK), butter LONDON, LLC (UK), and Cienna Rose Limited (UK).
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The segment evaluation of the global Skin Care Products Market is based on product type, distribution channel, and finish.
The product type-based segment of the global Skin Care Products Market are top coat, base coat, gel, and others.
The distribution channel-based segment of the global Skin Care Products Market are store-based and non-store-based.
The finish-based segment of the global Skin Care Products Market are matte, satin, glossy, glitter, and others.
Based on geography, the global non-toxic market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). As per the research, the global market is projected to be dominated by North America by procuring the largest market share, with a promising CAGR during the assessment period. The US and Canada are known to be the most crucial participants in developing the regional market. Owing to the rising awareness about the harmful impact of chemicals, there has been a significant rise in the demand for non-toxic nail polish. Further, the growing trend of women to groom their nails with glitter, along with some innovative introduction for styling, is estimated to drive the regional market.
The increasing demand majorly drives the APAC market in developing economies such as India, China, Thailand, Indonesia, and Thailand. The growing number of spas and salons, with the developing fashion and cosmetics industry, is estimated to develop the regional market during the forecast period.
Europe is projected to be one of the most lucrative markets. With the growing adoption of new trends, the rising sales in the European market is estimated to magnify the regional market. Further, Italy and France are popular at a global front for being the fulcrum of emerging fashions.
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