Dublin, Oct. 05, 2020 (GLOBE NEWSWIRE) -- The "Eye Makeup Market Growth, Trends and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The global eye makeup market is expected to witness a CAGR of 5.40% during the forecast period, 2018-2023.
Growing adoption of eye makeup products, in order to enhance appearance, along with favorable growth of the cosmetics market and increasing demand for natural cosmetics, is driving the growth of the global eye makeup market.
Moreover, factors, such as low-cost, ease of use, and ease of availability are expected to support the growth of the eye makeup market in developing economies.
For instance, in January 2017, companies, such as L'Oreal India and Hindustan Unilever Ltd, invested significantly in eye makeup by introducing more easy-to-use product formats in kohl, eyeliners, and mascara, with smaller and affordable packaging for eye shadows.
Increasing demand for halal cosmetics, such as eye, face, and lip care products in the Middle East is a growth opportunity for eye makeup manufacturers. However, stringent regulations imposed on the use of ingredients in cosmetics is a major challenge for the growth of the market in this region.
Key Market Trends
Increasing Expenditure on Advertisement and Promotion by Key Players
Research and development (R&D) and advertisement/promotions are driving the overall cosmetics market. Key players are investing on these factors to influence the consumer purchasing decision and increase the popularity of products in the retail landscape. Also,the growing internet users in developing economies have changed the advertisement spending strategy of key players. The major players are undergoing a major shift, wherein they are investing more on their advertisement and promotional spend, which is influenced by digitalization of world. For instance, key players, like L'Oreal, are shifting their strategy to focus on creating a demonstrative content for digital advertisement for its consumers, instead of highlighting its products on conventional advertisement platforms, such as magazine, news papers, etc. Also, with this regard Revlon, also increased their spending on advertisement. In 2017, Revlon invested USD 550 million on advertisement and witnessed a growth rate of 22.14% during the period, 2015 to 2017.
Increasing Innovation in the Eye Makeup Product Category to Spur Global Demand
The growing trends toward bold eye makeup and eyebrow pencil with long-lasting eyelashes are expected to spur the growth prospects for the market in the region, in the coming years. Moreover, with makeup styles becoming increasingly artistic and adventurous, there is scope for promoting bold and unusual brow looks, incorporating colors, glitter, and creative designs. Creating fashion-led eyebrow products, which harness popular culture are a great way to tap into such a trend. For Instance, in March 2017, Sephora launched the Brow Highlighting Gel in Gold, signifying that consumers are interested in more fashion-forward looks.
However, there's an increasing demand being created for waterproof eye makeup products, especially during summers. This product makeup that can withstand hot and humid weather conditions is gaining popularity among women, and further is increasing the demand for such eyebrow products.
Eye makeup market is expected to be highly competitive, owing to the increasing demand for personal care products among the women population. The major players operating in this market are L'Oreal S.A., New Avon LLC., Shiseido Co.,Ltd., and Colorbar Cosmetics Pvt. Ltd.
Some of the major developments in the market studied includes increased product extensions, technological innovations, high-quality, and pricing of the products manufactured. Many vendors are focusing on innovative packaging to create the wider base of customer globally. For instance, in January 2017, companies, such as L'Oreal India and Hindustan Unilever Ltd, invested significantly in eye makeup by introducing more easy-to-use product formats in kohl, eyeliners, and mascara with smaller and affordable packaging for eye shadows.
Reasons to Purchase this report:
The market estimate (ME) sheet in Excel format
3 months of analyst support
Key Topics Covered:
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.1.1 Eye Liner
5.1.2 Eye Shadow
5.2 Distribution Channel
5.2.2 Specialty Store
5.2.3 Convenience Store
5.2.4 Online Stores
5.2.5 Other Distribution Channels
5.3.1 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
5.3.3 Asia Pacific
126.96.36.199 South Korea
188.8.131.52 Rest of the Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle East & Africa
220.127.116.11 Saudi Arabia
18.104.22.168 Rest of Middle East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Major Strategies by Key Players
6.2 Most Active Companies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Oriflame Cosmetics AG
6.4.2 Estee Lauder Inc.
6.4.3 Loreal SA
6.4.4 Shiseido Company, Limited
6.4.6 Coty INC.
6.4.8 New Avon LLC
6.4.9 Colorbar Cosmetics Pvt. Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/1k5gre
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