India Nail Polish Market Outlook 2024

Posted by Sophia Jones on September 3rd, 2019

Market Reports on India Provides the Trending Market Research Report on “India Nail Polish Market By Type (Gel, Matte, Pearl and Others), By Distribution Channel (Supermarkets/ Hypermarkets, Online, Traditional Stores, Exclusive Beauty Specialist Stores and Others), Competition, Forecast and Opportunities, 2024” under Personal Care category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

India Nail Polish Market stood at $ 88.6 million in 2018 and is projected to grow at a CAGR of over 10%, to reach $ 143.6 million by 2024 on the back of growing demand for nail polish and nail care products, increasing middle class population, emergence of brands such as Nykaa and Purple into e-commerce space, along with increasing number of internet users emphasizing on online retail channel. Moreover, increasing demand for multiple variants has boosted the new product launches, thereby propelling Nail Polish market across the country. Moreover, several companies in the industry have resorted to revolutionize the current product line-up by improving packaging, product quality and launching region specific products. Also, adoption of marketing and distribution strategies by various nail polish companies across rural areas is expected to boost India nail polish market during forecast period as well.

India nail polish market can be segmented based on product type, distribution channel, and regional analysis. Based on product type, the market can be segmented into matte, gel, pearl and others.

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India Nail Polish Market

The major players operating in India nail polish market include Lakme Lever Private Limited, L'Oreal India Pvt. Ltd, Oriflame India Private Limited, Unilever India Exports Limited, Lotus Herbals Private Limited, Bio Veda Action Research Co. (Biotique), Modi Revlon Pvt Ltd, Colorbar Cosmetics Pvt. Ltd., Shahnaz Husain Group of Companies. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast India nail polish market size.
  • To define, classify and forecast India nail polish market on the basis of product type, distribution channel, region and company.
  • To scrutinize the detailed market segmentation and forecast the market size on the basis of product type, namely – Gel, Matte, Pearl and Others.
  • To analyze and forecast the market share for nail polish with respect to distribution channel, namely: Supermarket/Hypermarket, Online, Traditional stores, Exclusive beauty specialty stores and others.
  • To analyze and forecast the market share for nail polish with respect to region, namely: North, East, West and South.
  • To identify tailwinds and headwinds for the India nail polish market.
  • To evaluate pricing analysis in India nail polish market.
  • To strategically profile the leading players in the market, which are involved in the supply of nail polish market in the country.

India nail polish market is controlled by these major players, namely– Hindustan Unilever Limited, L'oreal India Pvt. Ltd., Colorbar Cosmetics Private Limited, Oriflame India Private Limited, Avon Beauty Products India Private Limited, Amway India Enterprises Private Limited, Revlon Fashions Private Limited, Lotus Herbals Limited, etc.

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Sophia Jones

About the Author

Sophia Jones
Joined: August 22nd, 2017
Articles Posted: 752

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