Eye Makeup Market Is Booming Worldwide Including key players L'Oréal S.A., Revlon, Inc.,Procter & Gamble, Corporation,Shiseido Company

Different types of eye makeup products such as mascara, eye shadow, eye liner, and pencils are manufactured in variety of shades and grades, which are used to enhance the appearance of the eye and to accentuate the beauty of the eye. Growing demand for eye makeup products among working women population is a major factors driving the market growth.Furthermore, growing e-Commerce industry in the beauty and personal care segment is further propelling growth of this market. For instance, L’oreal a leading player in the cosmetics market has an 11% share of selective cosmetics market via E-commerce. Leading online stores such as Amazon, provides consumers a wide range of branded products such as mascaras, eye liners, and others at lower prices and discounts with easy accessibility.

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Market Dynamics:

-Factors such as rapid adoption of eye makeup products in order to enhance appearance, favorable growth of cosmetics market with 35% share in Asia Pacific and 24% share in Europe coupled with increasing demand for natural cosmetics are driving growth of the global eye makeup market. Moreover, increasing number of working women globally is creating a conducive environment for growth of the market over the forecast period. According to U.S. Department of Labor Blog, 74.6 million women are in civilian labor force and over 47% of the U.S. workers were women in 2017.

-However, stringent regulations imposed on use of cosmetics ingredients by government authorities such as FDA, EU is a major restraint for the market growth. For instance, EU Commission regulation no. 1223/2009 is the main European legislation governing cosmetics products in Europe. According to this regulation, a person responsible for placing cosmetic products in European market should keep Product Information File (PIF) and the product information needs to be updated regularly.

-Increasing new product launches and product innovation by key players is expected to another factor supporting growth of the market. For instance, in 2017, EYEKO launched a multipurpose waterproof eyeliner that claims to stay under extreme sport conditions. Additionally, it comes with built-in brush and sharpener to ensure that the liner is always on point. Similarly, Maybelline also launched a new Total Temptation mascara with coconut oil.

Leading Players:

Key players operating in global eye makeup market include Procter & Gamble, Corporation, L'Oréal S.A., Shiseido Company, Limited, Avon Products, Inc., LVMH, Revlon, Inc., Chanel S.A., and The Estee Lauder Companies Inc. Key players are focusing on merger and acquisition strategy, in order to sustain its position in the market and enhance its product offerings. For instance, in December 2016, The Estee Lauder Companies Inc. acquired Too Faced Cosmetics, LLC, which offers cosmetics products for eye, face, and lip care. Such activities by leading players are projected to have positive impact on growth of the market over the forecast period.

Global Eye Makeup Market Taxonomy:

The global eye makeup market is segmented:

On the basis of product type:

-Mascara
-Eye Shadow
-Eye Liner
-Eye Pencil
-Others

On the basis of application:

-Sweat Proof Makeup
-Smudge Free Makeup
-Mineral Makeup
-Others

On the basis of distribution channel:

-Hypermarkets
-Supermarkets
-Convenience Stores
-Specialty Stores

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