>
Eyelash enhancing serums are special formulas that contain ingredients to moisturize, condition, and strengthen eyelashes. These serums have gained popularity because they can improve the overall appearance of eyelashes by making them longer, thicker, and healthier. While there are temporary options like mascara and false eyelashes available in the market, eyelash serums offer a more long-term solution by promoting lash growth and providing essential nutrients.
The market for eyelash enhancing agents has been growing rapidly. This growth can be attributed to the introduction of new and improved products, such as over-the-counter lash-enhancing serums and semi-permanent mascaras. These innovative formulas have fueled the expansion of the market. Moreover, there has been a shift in fashion trends, with a move away from using false eyelashes towards using growth enhancement serums. This change in preference has further contributed to the market's growth.
The upcoming expiration of the patent for LATISSE, a popular eyelash enhancing product, in 2018 has opened doors for other pharmaceutical companies to enter the market with their own generic versions of the drug. For example, Sandoz AG has introduced a generic version of bimatoprost ophthalmic solution 0.03% (0.3 mg/mL) in the US market. This increased competition in the market is expected to drive further growth.
According to market research, the market for eyelash enhancing agents is projected to reach approximately USD 541.33 million by 2027. This is a significant increase from the recorded market size of USD 405.83 million in 2020. The global market for eyelash enhancing agents is estimated to have a Compound Annual Growth Rate (CAGR) of 4.29% during the forecast period from 2021 to 2027.
The growth in the market can be attributed to various factors. Firstly, the desire for longer, fuller, and healthier-looking eyelashes is a driving force behind the demand for eyelash enhancing serums. Consumers are increasingly seeking products that can provide natural and sustainable solutions for enhancing the appearance of their eyelashes.
Additionally, advancements in technology and research have led to the development of more effective and safe formulas for eyelash enhancement. These formulas often contain ingredients such as peptides, vitamins, and botanical extracts that nourish the lashes and stimulate their growth. These advancements have instilled confidence in consumers and contributed to the market's growth.
Furthermore, the increasing popularity of social media platforms and the influence of beauty influencers have also played a role in driving the demand for eyelash enhancing agents. As consumers are exposed to images of celebrities and influencers with stunning eyelashes, they are motivated to achieve a similar look. This has led to an increased willingness to invest in products that can help them achieve longer and more voluminous lashes.
In conclusion, the market for eyelash enhancing agents is experiencing significant growth due to the demand for longer, healthier-looking eyelashes. The introduction of new and improved products, the expiration of patents, and the influence of social media and beauty influencers have all contributed to the expansion of the market. With advancements in technology and research, the market is expected to continue to grow in the coming years, providing consumers with more options to enhance the appearance of their eyelashes.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 0.35 Billion |
Market Size Value In 2023 | USD 0.36 Billion |
Growth Rate | 4.50% (2023-2032) |
Global Eyelashes Enhancing Agents Market Overview
Eyelashes Enhancing Agents Market Size was valued at USD 0.35 Billion in 2022. The Eyelashes Enhancing Agents market is projected to grow from USD 0.36 Billion in 2023 to USD 0.52 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.50% during the forecast period (2023 - 2032). The diversity and increasing efficacy of products that can strengthen brittle and lifeless eyelashes are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market for eyelash enhancers has exploded as the personal care and beauty sectors continue to grow. The cosmetics industry's rapid technological development also contributes to the expansion of the market. Innovative eyelash enhancers have been refined thanks to developments in nanotechnology. A few carefully crafted nanotechnology-based eyelash serums are available to encourage lash growth. The cosmetics industry's growth and innovations in eyelash growth systems are expected to fuel the market during the forecast period.
Key market drivers boosting market expansion include the rising variety and effectiveness of solutions that help fortify weak and lifeless eyelashes. The increasing interest in one's appearance is fueling the growth of the market for eyelash enhancers. As the personal care and cosmetics industries continue to expand, so does the demand for eyelash-enhancing products. The development of new cosmetics technologies also contributes to the expansion of the market.
The application of nanotechnology has led to advancements in modern eyelash enhancers. Some eyelash serums use nanotechnology to promote eyelash development. Market expansion over the forecast period requires both a growing cosmetics industry and new approaches to developing eyelashes.
The global eyelash-enhancing agents market is expected to see a rise in demand for natural products offered as a result of rising knowledge of the different harmful effects of chemical components in cosmetics. It has been noted that there has been a rise in demand for natural pharmaceuticals and therapeutics among consumers. Sales of eyelash enhancement procedures may be stimulated by the increasing emphasis placed on personal presentation in today's highly competitive society.
March 2023: witnessed the launch of Lashbond Building Serum, the first growth mainstay for eyes from best-selling cosmetic brand Olaplex. Olaplex's proprietary bond-building technology strengthens the skin barrier along the lash line, fostering an environment conducive to the growth of lashes that are noticeably healthier, denser, and longer in appearance. The Lashbond Building Serum is the first product to feature the company's patented peptide complex technology, which is designed to promote lash retention, the lash growth cycle, and the appearance of longer, denser lashes. Hyaluronic acid and biotin, both known for their ability to nourish and hydrate the hair, are also present in the serum.
Market CAGR for eyelashes enhancing agents is being driven by the rising personal care among people. The eyelash-enhancing agents market is rapidly growing due to the rising personal care and cosmetics sectors. The advent of advancement in the cosmetic business also supports the market's growth. Modern eyelash-enhancing products have improved as a result of nanotechnology's introduction. A few nanotechnology-based eyelash serums stimulate the growth of eyelashes. The expanding cosmetics sector and advancements in eyelash development strategy are necessary to drive market growth during the estimated time frame.
Due to growing awareness of the various side effects of chemical components in cosmetics, demand for natural products supplied in the global eyelash-enhancing agents market is anticipated to rise. Customers are observed to have a greater preference for natural medications and therapies. The growing awareness and concerns about appearance among people in the current intensely competitive environment could also drive the sales of eyelash-enhancing operations. In North America, the e-commerce industry is expanding quickly due to the widespread use of smartphones and high internet penetration. Products are easily accessible because of online sales platforms. This forces the eyelash extensions manufacturers to sell their products online, allowing them to reach a larger audience of potential customers. Due to the do-it-yourself (DIY) mentality, people are taking care of their hygiene on their own, including the condition of their eyes and eyelashes. It is also anticipated that the high prevalence of eye disorders brought on by increased contaminant levels, long screen times, and low supplement consumption will increase demand for eyelash-improving professionals. It is anticipated that the need for eyelashes improving enhancing drugs will increase due to the rising incidence of aggravating eyelid infections, such as blepharitis, which affect the growth of eyelashes. In the market for eyelash-enhancing products, organic and inorganic growth tactics, such as product launches, agreements, and collaborations, have been observed.
Manufacturers are now focusing on increasing hair density in each cycle and lengthening the time it takes for eyelashes to grow. This, together with the initiatives of top cosmetic companies like L'Oréal and Estee Lauder to provide efficient eyelash-strengthening solutions with added advantages like protection from the elements, will continue to be positive for the eyelash-enhancing agents market. Thus, driving the Eyelashes Enhancing Agents market revenue.
The Eyelashes Enhancing Agents Market segmentation, based on type, includes curling, lengthening, and volumizing. The curling segment dominated the market, accounting for 35% of market revenue. Women still rely extensively on cosmetics or makeup to improve their eyelashes. Curling, which involves pressing and placing the lashes upward, is a useful strategy to achieve eyelashes that are more lifted and curled. Curling creates the appearance of bigger, brighter eyes, making it a widely used procedure. Different eyelash products, such as serums with vitamins, minerals, polypeptides, and botanicals, improve the eyelashes' appearance and give them more effective curls.
Based on application, the Eyelashes Enhancing Agents Market segmentation includes repairing and nourishing. The repairing segment dominated the market, accounting for 67% of market revenue (78.48 Billion). Long-term usage of waterproof mascara, eyelash extensions, and other products with unknown adverse effects can harm eyelashes. Furthermore, damage to eyelashes and brows can result from physical wounds, accidents, and burns. Similar to madarosis, which results in the loss of eyelashes and eyebrows, some drugs, including anti-clotting agents and thyroid-balancing therapies, can cause it. The remedy for such eyelash damage is eyelash-strengthening products designed to mend.
Figure 1: Eyelashes Enhancing Agents Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on content, the Eyelashes Enhancing Agents Market segmentation includes bimatoprost, lash-building serum, skincare ingredients, herbal remedy, isopropyl cloprostenol, and enhancer serum. The lash-building serum category generated the most income (70.4%). The vitamins in the lash-building serums produce nutrients that lengthen eyelash development and restore damage from other chemical formulae. Contrarily, applying mascara and other eye creams can weaken the lashes by drying them out. Lash serums are solutions that stimulate development and encourage the growth of lashes. Serums improve natural hair glands' health. They have fatty acids and conditioning peptides that strengthen lashes and encourage growth. The Telogen Phase (commonly known as the "hair loss phase") of the hair cycle is also known to be accelerated by lash-building serums.
In September 2022, Augustinus Bader introduced The Eyebrow and Lash Enhancing Serum to the market. To encourage healthy hair growth, the Eyebrow and Lash Enhancing Serum fortifies and invigorates hair follicles. The TFC8 cellular-renewing technology developed by the company is featured in the serum. TFC8 is a combination of natural amino acids, vitamins, and synthetic compounds that works in tandem with the body's natural renewal systems to restore lashes and brows that have thinned or disappeared. Red winter algae is also used to help stop hair loss while making hair thicker and longer.
By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American Eyelashes Enhancing Agents market will dominate this market; Leading industry participants keep raising customer awareness of the availability and advantages of a wide range of eyelash-enhancers. Additionally, numerous research institutes' increased emphasis on research and development (R&D) to create novel and advanced eyelash-enhancing substances promotes regional growth.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: EYELASHES ENHANCING AGENTS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Eyelashes Enhancing Agents market accounts for the second-largest market share. The rising incidence of ocular inflammations, including blepharitis and madarosis, the expanding cosmetic market, and advanced technologies. The market for eyelash enhancers has also grown due to the rising adoption of new and distinctive fashion trends and the rising demand for cosmetic items like eyelash enhancers. Additionally, the UK's eyelash-enhancer market was the one in Europe with the quickest growth rate, while Germany's eyelash-enhancer market had the largest market share.
From 2023 to 2032, the market for eyelash-enhancers in Asia-Pacific is anticipated to expand fastest. This is due to consumers' relative preference for beauty items, which has aided the region's cosmetics industry's expansion. Additionally, increased rates of ocular inflammations such as blepharitis and madarosis have boosted sales of eyelash-enhancer products in the area. Additionally, the Indian market for eyelash enhancers grew the fastest in the Asia-Pacific region, while China's eyelash enhancers market had the greatest market share.
Eyelashes Enhancing Agents Key Market Players & Competitive Insights
Leading industry companies are making significant R&D investments to diversify their product offerings, which will drive the Eyelashes Enhancing Agents market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants also engage in several strategic actions to increase their worldwide presence. The Eyelashes Enhancing Agents industry must provide affordable products to grow and thrive in a more competitive and challenging market environment.
Local manufacturing to cut operating costs is one of the key business tactics manufacturers use in the global Eyelashes Enhancing Agents industry to help clients and expand the market sector. The Eyelashes Enhancing Agents industry has offered some of the most significant advantages in recent years. Major players in the Eyelashes Enhancing Agents market, including L'Oréal S.A., Walmart Inc, and others, are attempting to increase market demand by investing in research and development operations.
With its corporate headquarters in Clichy, Hauts-de-Seine, and its registered office in Paris, L'Oréal S.A. is a French personal care firm. It is the biggest cosmetics company in the world and has expanded its business, focusing on hair care, skin care, sun protection, make-up, and scent. Three of L'Oréal's 21 global research and development centers are in France: Aulnay, Chevilly, and Saint-Ouen. In February 2019, Along with its 2018 acquisition ModiFace, L'Oréal unveiled a digital skin diagnosis technology. The AI-powered technology is based on years of scientific research on skin aging conducted by L'Oréal Research & Innovation.
With its headquarters in Bentonville, Arkansas, Walmart Inc is a multinational American retail company that runs a chain of hypermarkets (also known as supercenters), cheap department stores, and grocery stores in the United States. On October 31, 1969, the business was officially formed in Delaware under general corporation law. Additionally, it owns and runs retail warehouses for Sam's Club. In June 2019, Walmart Inc. (the US), a global retailer that runs a network of superstores, recently announced that its Equate range of lash items will soon be available. Equate Lash Serum, created with a 3-D VitaRush peptide complex to offer improved nourishment, strength, and increased volume for lashes, is present in these items. Equate Hydra-Strength Conditioning Treatment is another item that rebuilds, fixes, and revives dry, brittle, and broken lashes. Both goods are vegan, cruelty-free, and gluten-free.
Key Companies in the Eyelashes Enhancing Agents market include
Eyelashes Enhancing Agents Industry Developments
March 2023: RevitaLash Cosmetics' parent firm, Athena Cosmetics, Inc., is pleased to report another victory over imitators. Athena Cosmetics swiftly filed a lawsuit against Perfume's Club (perfumesclub.com) after seeing unlawful imitations of RevitaLash Cosmetics' high-end products there. The company has now traced the source provider of the fake goods.
March 2022: With their first-ever Professional product, RevitaLash Advanced Pro, RevitaLash Cosmetics, pioneers and inventors in the lash and brow market, expand on their award-winning line of nourishing and enhancing cosmetics.RevitaLash Advanced Pro is a professional lash-boosting solution created by a doctor to enhance the lashes' appearance and evident health. Using cutting-edge, patented technology, brittle, damaged lashes are rejuvenated to provide flexibility, strength, and shine for healthy, beautiful, lush lashes.
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)