Rockville, MD -- (SBWIRE) -- 08/14/2019 -- The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global eyelashes enhancing agents market during the period through 2018-2027. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the eyelashes enhancing agents market during the forecast period.
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Eyelashes enhancing agents market registered a CAGR of nearly 4.0% between 2013 and 2017.
Global sales of eyelashes enhancing agents closed in on US$ 280 Mn in 2018, and are estimated to record a Y-o-Y growth of over 5.0% in 2019.
The lead of North America in the eyelashes enhancing agents industry is here to stay, with revenues in 2018 estimated close to US$ 95.0 Mn. Sales of eyelashes enhancing agents in the region are sustained by high concentration of leading players in the region, and marked rise in adoption of cosmetic products among consumers.
Asia Pacific will remain the high growth market for eyelashes enhancing agents.
What are the Significant Growth Drivers of Eyelashes Enhancing Agents Market?
Growing prevalence of Blepharitis, which leads to eye inflammation and affects growth of eyelashes, has favored sales of cosmetic products among the increasing 'look-conscious' demographic worldwide, thereby driving demand for eyelashes enhancing agents.
The consumers shift towards natural therapies and treatments to prevent side-effects of the chemical-induced agents has led manufacturers to focus on offering a broad array of effective natural eyelashes enhancing agents.
Growing effectiveness and broad varieties of products that enable strengthening of brittle and drab eyelashes has been influencing developments and sales of eyelashes enhancing agents. Multitude offerings of eyelashes enhancing agents in the form of sprays, serums, and gels, which enable ease of application for consumers, has further favored the market growth.
What are the Key Challenges Encountered by Stakeholders in Eyelashes Enhancing Agents Market?
High costs of drugs used for manufacturing eyelashes enhancing agents remains a crucial challenge for the market players. Expensive nature of eyelashes enhancing agents is further driving the shift of consumers towards their economical alternatives, namely artificial eyelashes and mascaras, which is likely to act as a barrier to market growth.
Numerous after-effects caused by the use of eyelashes enhancing agents such as darkening of the skin, the accidental spread of enhancing agents on other body parts leading to undesirable hair growth, and itchy eyes are anticipated to cause a decline in their demand.
Eyelashes Enhancing Agents Market – Competitive Landscape
In May 2018, Estée Laude Cos. Inc. entered into a definitive partnership with Debenhams to strengthen its beauty portfolio with the launch of #Beautyhub. The department store enjoys its position as first multi-brand store and is based in Hertfordshire, the U.K. The launch of the store is geared towards bringing a variety of brands such as Clinique and Origins, Tom Ford Beauty, and Bobbi Brown at a single store.
In December 2018, Allergens Plc received approval for Latisse, an eyelash thickening drug. The product is developed to treat hypotrichosis, which causes a loss of eyelashes. It is a one-of-its-kind prescription product aimed at lengthening eyelashes.
Gains Remain High from Products for Repairing Damaged Eyelashes
The report finds that consumers with damaged eyelashes will contribute significantly to demand for the eyelashes enhancing products. Focus of consumers to improve their facial appearance by leveraging cosmetic products continues to underpin demand for eyelashes enhancing agents. Additionally, the continuous intra-arterial chemotherapy treatment to cure breast cancer has been associated with damage to eyelashes, which in turn has underpinned demand for relevant care products, thereby driving demand for eyelashes enhancing agents market. The report estimates that eyelashes enhancing agents sales for products to repair damaged eyelashes will grow at a CAGR of over 5.0%through 2027.
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