UV Nail Gel Market on the Rise

When it comes to nail color, a preference of gel over acrylics continues to gain in popularity with consumers—promising another boom in the profitable category. A new report from global market researchers MarketsandMarkets, predicts that global demand for UV nail gel will reach $59.31 million by 2020 with a CAGR of 6.5% from 2015 to 2020. According to the firm, “North America is the key market for UV nail gel due to the increasing fashion awareness and increase in per capita income.”

The report says that North America dominated the UV nail gel market in 2014 and accounted for over 53% of the market size, in terms of value. The UK is the second-largest UV nail gel consumer in the world. The uptick in this market is expected to come from Japan and China.