False Eyelashes Market is projected to grow at a CAGR of 3.68% during the forecast period, 2023-2032

April 2020 Pune, India, / Market Research Future published a cooked research report on global false eyelashes market, which is estimated to have a CAGR of 3.68% during the forecast period 2023-2032.

Market Overview

False Eyelashes Market Size was valued at USD 1.2 Billion in 2022. The False Eyelashes market industry is projected to grow from USD 1.24 Billion in 2023 to USD 1.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.68% during the forecast period (2023 - 2032).

 Prepared by the market's expert analysts, the market research report highlights trends changing the overall market landscape. The growing use, fast fashion trends, and manufacturing of false eyelashes using synthetic hair as well as other factors are set to make the false eyelashes market optimistic. However, the growing demand for permanent eyelash extensions as well as the increasing demand for permanent natural eye lash extension are will negatively affect it. The global market forecast for the 2018 to 2024 period is based on a forecast model implemented by experts. Primary and secondary data suggests that production process, type, and distribution channel segments will witness a healthy growth till 2024.

The limited use of the product coupled with concerns regarding side effects could turn out to be potential threats to the false eyelashes market. Across the production process, type, and distribution channel segments, companies functioning in the market want to maximize the profitability. The growing technological integration and advanced technologies are anticipated to unlock the growth potential. The market research report also discusses estimates at global levels and forecasts for the 2018 to 2024 period.

Market Segmentation

Production process, type, and distribution channel are the key false eyelashes market segments. As per the research report, the market is further segmented by the production process into machine-made and handmade. Based on type the market is categorized into individual flare lashes, individual single lashes, and strip lashes. Furthermore, on the basis of distribution channels the market is segmented into store-based (hypermarkets and supermarkets, specialty stores and others) and non-store-based. Based on raw material, the market is segmented into animal hair & fur, human hair, synthetic hair, and others.

There are several compelling reasons to prioritize your customers in all aspects of your market, including analysis. Market analysis is aimed to keep businesses alert to where they can develop value propositions, customer experience, or product offering and there are so many opportunities to target consumers using internet panels, forum communities, in-depth interviews, and focus groups.

Regional Overview

The false eyelashes market is segmented into production process, type, and distribution channel along with its sub segments. Furthermore, the market is also segmented based on geographical regions. The segmental analysis covers regional markets of North America, Europe, Asia-Pacific, the Middle East and Africa, and the rest of the world. The market in North America is expected to grow due to manufacturing of false eyelashes using synthetic hair. The region’s market across the United States, Canada, Mexico, and others are covered in the research report. Companies in the European markets are active across the United Kingdom, France, Italy, Germany, and the rest of Europe. The market across the APAC region is spread across India, China, Japan, Singapore, and the rest of Asia Pacific. The market report also covers the rest of the world including South America, the Middle East and Africa for the forecast period 2018 to 2024.

The growing trend of larger eyes will be a major growth factor, although quality related concerns could hinder the growth of the false eyelashes market. As per analysts, with a CAGR of 7.4%, the global market is estimated to grow across production process, type, and distribution channel segments. However, the market players will need to focus on the demand for permanent eyelash extension and the availability of alternative solutions which could negatively affect the market’s projected growth. The market’s projected valuation is expected to reach US$1.8 billion by 2024 considering the growth factors like an increasing trend of larger eyelashes and more women spending on cosmetic products.

Competitive Landscape

False eyelashes market players need to focus on the market’s competitive rivalry across production process, type, and distribution channel segments and geographic regions. Market analysis will help businesses get a deeper insight and awareness of their market or target demographic, allowing them to remain ahead of the competition. This is a straightforward but crucial and often business-critical concern. It makes good business sense to spend a small portion of your investment on evaluating and checking the market, product, design, or idea.

Industry News

Yatsen Holding Ltd., the parent company of China's cosmetics industry unicorn Ideal Diary, announced the purchase of the luxury skincare brand Eve Lom from Manzanita Capital. Manzanita will keep a minority interest in the company and form a joint relationship with Yatsen as part of the contract. The value of Yatsen shares rose as a result of the news. Great Diary, Little Ondine, and Abby's Option are among the company's top C-beauty brands. It has recently purchased Galénic, a French luxury skincare company. The corporation applied for IPO status in the United States in November and received more than 600 million dollars.