Canada Nail Polish Market Size & Outlook, 2023-2030
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Canada nail polish market highlights
- The Canada nail polish market generated a revenue of USD 519.7 million in 2023 and is expected to reach USD 876.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.8% from 2024 to 2030.
- In terms of segment, regular nail polish (standard/traditional) was the largest revenue generating type in 2023.
- UV Gel Nail Polish is the most lucrative type segment registering the fastest growth during the forecast period.
Nail polish market data book summary
| Market revenue in 2023 | USD 519.7 million |
| Market revenue in 2030 | USD 876.8 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Regular nail polish (standard/traditional) |
| Fastest growing segment | UV Gel Nail Polish |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Regular Nail Polish (Standard/Traditional), UV Gel Nail Polish, Dip Powder, Acrylic, Polygel, Others (Matte, Metallic, etc.) |
| Key market players worldwide | Coty Inc Class A, L'Oreal SA, Revlon, The Estee Lauder Companies Inc Class A, Shiseido Co Ltd, Unilever PLC, Art of Beauty, butter LONDON |
Other key industry trends
- In terms of revenue, Canada accounted for 3.2% of the global nail polish market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. nail polish market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 876.8 million by 2030.
Regular nail polish (standard/traditional) was the largest segment with a revenue share of 48.26% in 2023. Horizon Databook has segmented the Canada nail polish market based on regular nail polish (standard/traditional), uv gel nail polish, dip powder, acrylic, polygel, others (matte, metallic, etc.) covering the revenue growth of each sub-segment from 2017 to 2030.
Increasing awareness regarding the advantages of using natural ingredients is anticipated to drive the growth of natural nail polish across Canada. Moreover, the consistent growth in sales of high-quality functional products is projected to contribute to the market's resurgence in the forecasted period.
Furthermore, the growing desire for nail polish items that are natural, cruelty-free, and eco-friendly, alongside the surge in demand for innovative packaging, is expected to help the market expand its footprints in the nation.
In addition, the influence of social media and e-commerce platforms has notably enhanced the accessibility and appeal of nail polish and cosmetic products. The country’s household expenditure is on the rise, driven by a growing inclination toward investing in personal appearance.
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Nail Polish Market Scope
Nail Polish Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| butter LONDON | View profile | 51-100 | Seattle, Washington, United States, North America | http://www.butterlondon.com |
| Art of Beauty | View profile | 11-50 | Bedford, Ohio, United States, North America | https://www.zoya.com/ |
| Revlon | View profile | 1001-5000 | New York, New York, United States, North America | https://www.revlonanz.com |
| The Estee Lauder Companies Inc Class A | View profile | 62000 | 767 Fifth Avenue, New York, NY, United States, 10153 | https://www.elcompanies.com |
| L'Oreal SA | View profile | 94605 | 41, Rue Martre, Clichy Cedex, Paris, France, 92117 | https://www.loreal.com |
| Shiseido Co Ltd | View profile | 35859 | 5-5 Ginza 7-chome, Chuo-ku, Tokyo, Japan, 104-0061 | http://www.shiseido.co.jp |
| Coty Inc Class A | View profile | 11350 | 350 Fifth Avenue, New York, NY, United States, 10118 | https://www.coty.com |
| Unilever PLC | View profile | 128377 | 100 Victoria Embankment, London, United Kingdom, EC4Y 0DY | https://www.unilever.com |
Canada nail polish market size, by type, 2017-2030 (US$M)
Canada Nail Polish Market Outlook Share, 2023 & 2030 (US$M)
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