World False Eyelashes Market to Register 4.26% CAGR to 2023, States MRFR in Its Novel Report Recently Published at MarketPublishers.com
28 Jul 2017 • by Natalie Aster
LONDON – Globally, the market for false eyelashes has witnessed ongoing demand over the past few years. Driven majorly by factors like increasing fashion awareness and beauty consciousness amid the consumers, the global false eyelashes market is poised to grow at a healthy CAGR of 4.26% and to amount to USD 1,330.56 million by the year 2023.
Accounting for a market share of over 40%, the synthetic hair sourced false eyelashes segment is expected to continue to dominate the raw material segment, recording around a 4.42% CAGR and reaching over USD 500 million by 2023.
With respect to product types, individual flare lashes will likely keep on taking the lead in the market grabbing a market share of over 20%, and it is set to post a 4.43% CAGR by 2023. The growth is due to increased consumer leaning towards individual lashes and convenient disposal of the product.
By 2023, the value of the machine made false eyelashes segment is poised to go beyond USD 700 million increasing at a CAGR of 4.42%, driven by the increasing demand for bulk volume of false eyelashes and high volume of production.
The APAC is projected to be the largest false eyelashes market with over 50% market share, and it is forecast to surpass the USD 600 million mark registering a 4.02% CAGR through to 2023. North America will likely see the highest growth rate of around 5.14% during forecast period.
In-demand research study “Global False Eyelashes Market - Trends & Forecast, 2017-2023” created by MRFR is a great source of relevant and comprehensive information on the market.
The report offers an all-round analysis for macro and micro markets for false eyelashes; provides market size estimates by raw material, type of product, production, channel of distribution, and based on region. It examines the supply and demand dynamics of false eyelashes; offers granular market analysis and future outlook for the top national and regional markets like the USA, the UK, China, France, and South-East Asia; profiles the major players and discuses the competitive positioning for the false eyelashes market. The report offers a detailed assessment of the value chain and supply chain of false eyelashes; covers historical market trends, as well as technologies, and present-day government regulatory requirements pertaining to the false eyelashes marketplace. Exhaustive market development and demand forecasts to 2023 for the key regions and countries are included.
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