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The U.S. market for the nail segment is expanding at a CAGR of 1.79% and is projected to account for $1.67 billion by 2023. This industrial growth can be attributed to various factors:
So, how do these factors impact wholesale and retail businesses?
Due to these influences, manicures have gained popularity, with 20.05 million Americans undergoing manicures more than four times within a six-month period. As a result, over 17,000 nail salons are now in the U.S., creating a significant demand for nail supplies.
This illustrates the potential for high profits in a wholesale nail supply business.
For businesses intending to invest in nail supplies, the following four criteria are worth considering:
It is advisable to request nail supply samples from various wholesalers and inspect them for potential defects, performance, and quality. For instance, if you're looking to buy nail paints for your business, you could evaluate the glass bottles, ingredients, plastic caps, and brushes for quality assurance.
Ensuring the products have an adequate shelf-life is crucial. Products with a longer shelf-life offer a larger sales window and fewer chances of returns. Consideration should also be given to the storage conditions of the wholesaler. Even unexpired products may suffer a decline in quality if not stored correctly.
The Food and Drug Administration regulates nail products. Hence, it's crucial to source from wholesalers offering FDA-approved products. Safe and approved products can build customer trust in your brand and improve sales.
Pricing significantly impacts your buying power and profitability. If two wholesalers provide the same quality, opting for the one offering lower prices would benefit your business. Negotiating deals and discounts on bulk purchases are also recommended.
Whether a business wants to treat a nail technician, nail salon, or only basic nail supply customer, choose a wholesaler with mindfulness. Here are some tips to make an effective selection.
Let's now turn our attention to some of the latest market trends!
Nowadays, clean, simple, healthy, and natural-length nails are all the rage, reflecting an increased consciousness about personal hygiene. Vegan beauty products, free from toxins, are also making waves in the beauty industry, and this trend extends to nail products.
With consumers recreating their favorite nail looks, the nail art tools market is projected to grow at a CAGR of 4.9% by 2030. Investing in this burgeoning industry can significantly increase your profit margins. Here are some popular nail art trends that could enhance your product catalog:
Interested in purchasing trending nail supplies?
You can select nail supply wholesalers from an online wholesale directory, who offer products at competitive prices. The wholesalers listed in wholesale directories deal in a comprehensive range of nail supplies and tools, including nail art, nail enhancements, manicure tools, nail colors, and more.
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