The soon-to-be-published Professional Nail Care: Global Market Brief report reveals another year of strong growth for this highly dynamic market. Long-wear nail polish (also called hybrid nail polish) is definitely the rock star, experiencing a triple-digit increase in 2015! This revolutionary growth is due to the category’s newness, which, despite its relatively small size, helped boost sales of the overall professional nail care market. Started in 2013 by Vinylux from CND (Revlon) and followed by many key players in the industry launching their own versions, this new product type promises a gel-like effect for up to 10 days without the need of an UV and LED lamp to dry it.Other notable products include OPI’s Infinite Shine, Jessica’s Phenom, and All Week Long from European player LCN. The category has become so important that we have begun to report it separately in the newest edition of the report.
The gels category, which had been very strong over the past few years and still a popular choice among consumers, saw a slight slowdown in 2015. A lack of true innovation coupled with potential damage caused by the gels removal process hurt the category, as neither soaking in acetone or peeling the product off are gentle on nails. Competition from newer hybrid nail polishes also contributed to the slowdown. While marketers continue to seek the best solutions for gentle removal, consumers are beginning to take a break from gel products and turn to treatment products, such as IBX—an innovative repair system that has been expanding across all regions, driving sales of the care products category, which shows almost 7% growth globally.
Geographically, all regions posted growth with the exception of Latin America. Europe was the fastest growing region, driven mainly by the strong performance of Germany and Poland. The Brazilian market is to blame for underperformance in Latin America, as the country suffers from an economic crisis and strong currency devaluation.
Learn more about the latest trends, products, developments, and business opportunities in the professional nail care market with first-hand expert insights collated in the forthcoming Professional Nail Care: Global Market Brief report.
Written by Agnieszka Saintemarie, Project Manager, Consumer Products Practice
