08.28.23
The global nail salon market is poised for substantial growth, according to a new report. by Research and Markets—projecting Compound Annual Growth Rate of 8.3% from 2023 to 2031.
The market's expansion is driven by the increasing demand for nail care services and the surging popularity of nail art, the report says.
Nail salons, offering a wide array of services such as manicures, pedicures, nail extensions, and intricate nail art designs, cater to both men and women. The market's revenue generation stems from service charges, retail sales of nail care products, and supplementary services such as massages and waxing.
Key market drivers include a growing emphasis on self-care, influence of social media and beauty influencers, the growing variety of nail care products, and increasing regulatory requirements and hygiene standards.
See more about the report at Research and Markets.
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