Female consumers are turning to opulent nail decals to communicate wealth
Implications - Reflecting a desire to show off wealth through appearance, consumers are turning to unexpected beauty products in order to communicate luxurious taste. Nail art has been on the rise for years as a means of expression, but this specific, luxe-focused approach to cosmetics reflects an increasing desire to come across as privileged.
1. Luxury Nail Polish Subscription Services - Subscription-based nail polish rental services are disrupting the traditional method of purchasing and owning luxury nail polish products.
2. Opulent Nail Art - Opulent and luxury-focused approaches to beauty and cosmetics, such as opulent nail decals, are reflecting an increasing desire to show off wealth through appearance.
3. Innovative Nail Polish Finishes - Nail polish products with innovative and unique finishes, such as glittery, leather-like or speckled finishes, are gaining popularity and changing the traditional perception of nail polish application.
1. Beauty and Cosmetics - Businesses in the beauty and cosmetics industry can take advantage of the demand for luxury-focused and innovative nail polish products, as well as focus on subscription-based services.
2. Fashion and Apparel - Fashion and apparel brands can incorporate opulent and glittery nail finishes in their collections, and partner with beauty and cosmetic companies to offer bundled products.
3. E-commerce - E-commerce companies can create online platforms to offer subscription-based services or to sell unique and innovative nail polish products.