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DUBLIN--(BUSINESS WIRE)--Oct 27, 2022--
The "Eyelash Serum Market By Ingredients, By Type, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2031" report has been added to ResearchAndMarkets.com's offering.
The global Eyelash Serum Market Size was valued at $752.10 million in 2020, and is projected to reach $1.3 billion by 2031, growing at a CAGR of 5.7% from 2022 to 2031.
Eyelash serum offers moisture and elasticity to eyelashes, which makes them shiny and thick. It offers repairing effect and encourages growth of eyelashes to maintain beautiful and dense eyelashes. Applicators are used to apply eyelash serum easily, from the inner side to the outer side.
Organic is one of the trending markets common for almost every foods & beverages product. As consumers are becoming health conscious and are aware regarding unhealthy production and cultivation of crops and ingredients and its effect on skin & body, demand for organic products on the rise. For instance, benefits associated with organic products include no usage of harmful chemicals, fertilizers, GMO ingredients, pesticides, radiation, or genetic engineering.
In addition, according to Research Institute of Organic Agriculture (FIBL), global revenue generated from the organic market in 2019 was $123 million with 3.1 million of producers of organic agriculture worldwide. Furthermore, Australia has the largest organic agricultural land of 35.7 billion hectares and Europe had 16.5 million hectares, which is equivalent to more than 60% of the global organic area followed by Latin America and Asia with 11% and 5.9%, respectively.
It is estimated that globally 1.5% farmland is organic and owing to rise in demand for organic products this share is expected to rise. Therefore, key players are also stepping forward to introduce organic products to fulfill growing demand for organic eyelash serum. In addition, rise in spending on organic products and increase in disposable income, especially in developing countries, including China, India, Brazil, and Mexico are expected to propel growth of the organic eyelash serum market.
However, short lifespan of these products restricts its market growth. Shelf life of organic personal care products depends on type of natural ingredients used in these products.
As organic products do not contain preservatives, there can be issues of contamination. Generally, personal care products can be stored for up to 6 months after opening, including eyelash serum. Owing to the short shelf life of these products, consumers are becoming reluctant in buying these products. Therefore, cosmetic products based on chemical or synthetic ingredients are becoming popular in the market. Thus, short shelf life of cosmetics hampers growth of the market.
Key Benefits For Stakeholders
Key Market Segments
By Ingredients
By Type
By Distribution Channel
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/sqwqjp
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KEYWORD:
INDUSTRY KEYWORD: COSMETICS RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 10/27/2022 11:48 AM/DISC: 10/27/2022 11:48 AM
http://www.businesswire.com/news/home/20221027005884/en