Published Date : 13 Aug 19 | Views: 16 | Industry : Consumer Goods
Cosmetics sector is one of the fastest-growing sectors in the world and it consists of wide number of products and application. The basic segments of the global Eyelashes Enhancing Market are by type and by application. By type, the market is segmented into lengthening, volumizing, curling, and Others. Analysts at QYR Consulting have done a detailed assessment of each segment on the basis of different parameters such as market share, CAGR, revenue, and market growth. By application the market is segmented into nourishing and repairing damaged eyelashes. Consumers are predicted to use repairing damaged eyelashes agents because of the property of damage repair.
Geographically, North America is likely to dominate the global Eyelashes Enhancing Agents market. The region is likely to witnessed significant revenue growth in the upcoming years. Increasing spending capacity towards personal care products is primarily one of the reasons for market expansion in North America. Moreover, strong economic growth and a huge investment in R&D (research and development) for the innovation of new Eyelashes Enhancing Agents are prognosticated to attract growth strategies for the regional market. Apart from North America, Asia Pacific is also expected to record a significant growth due to growing inclination of people towards beauty and personal care products.
The major market participants functioning in the global Eyelashes Enhancing Agents market are Allergan Plc., Estée Lauder, Skin Research Laboratories, Rodan & Fields, LLC, Athena Cosmetics, Inc., Beauty Essentials LLC., and Grande Cosmetics, LLC. Key players are focusing on product differentiation to strengthen their position in the global market. Market participants are also giving importance on channelizing their network in order to penetrate the market.
It has been noticed that there is a high frequency of incidences of madarosis, a condition where one can result in loss of eyelashes and eyebrows. People suffering from this disorder are predicted to grow the demand for Eyelashes Enhancing Agents in the global market. Apart from this growing occurrence of eye disease because of increasing pollution level, vitamin deficiencies, and high screen time is also anticipated to amplify the demand for Eyelashes Enhancing Agents during the forecasted period.
Cosmetic products usually contain chemicals that are harmful to skin, therefore, consumers are preferring chemical-free or natural cosmetics. Additionally, consumers are giving more preference for natural therapies and treatments. Increasing importance towards grooming in today’s highly competitive era is supplementing the growth of the global Eyelashes Enhancing Agents market.