Eye Makeup Market

Global Eye Makeup Market Size (2024 to 2032)

The size of the global eye makeup market was valued at USD 17.40 billion in 2023. The global market is expected to reach USD 29.75 billion in 2032 and USD 18.47 billion by 2032. The market's promising CAGR for the predicted period is 6.14%.

Current Scenario of the Global Eye Makeup Market

Eye makeup is a type of cosmetic that makes eyes look striking and attractive, which is mainly used by women and all kinds of performing artists. It is an integral part of the fashion and cosmetics industry. The main types of eye makeup are mascara, eye shadow, and eyeliner. The idea can go much further. Glitters and other sconces can be placed near the eyes. False eyelashes or eyelash extensions are possible. 

MARKET DRIVERS

The rapid growth of social networks in recent years has had a positive impact on the market.

With the favorable growth of the cosmetics market and the increasing demand for natural beauty products, the growth of the global eye makeup market is being promoted. The need for these products is foreseen to increase with a greater awareness of physical appearance. Growth is also presumed to accelerate further by rising per capita income in developing countries such as China, India, Brazil, and Indonesia, which will allow consumers to spend on cosmetics. Manufacturers are promoting their brands with the help of celebrities over social media sites like Instagram, Facebook, YouTube, Pinterest, Twitter, and makeup blogs. These digital platforms not only drive product demand but also educate consumers through product-oriented beauty tutorials. 

In recent years, cosmetic manufacturers have increased their spending on product development, depending on the consumer's beauty preferences.

Innovation was an important competitive strategy for players in this market. Waterproof and sweat-resistant personal care products are gaining high popularity, especially for those involved in outdoor work in hot and humid climates. Similarly, consumers who practice sports such as swimming and other outdoor sports prefer stain-free products, so the demand for these products is foreseen to increase.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Eye Makeup Market By Type of Product

The mascara segment held the dominant share in the world market due to the increasing usage of women.

The increase in advertisement and the availability of new products at affordable prices have boosted the expansion in this segment. Moreover, waterproof mascaras are likely to witness the highest growth rate in this market in the coming years.

Global Eye Makeup Market By The Sales Channel

The offline channels combinedly accounted for the leading revenue share in the review period. However, in the forecast period, online sales are likely to multiply with the availability of numerous options at attractive prices.

Global Eye Makeup Market By Price

Economy products account for a prominent share of the world marketplace due to the large middle-class population.

Global Eye Makeup Market By Source

Natural and organic products are having high demand from consumers, which is expected to drive those segments in the coming years.

REGIONAL ANALYSIS

Among them, the Asia-Pacific eye makeup market, excluding Japan, has become the most favorable region, mainly due to the recent economic prosperity obtained in the emerging economies of the area. Consumers are free to invest in beauty and cosmetics that help increase their confidence, which leads to professional growth. Demand for mascara, eyeliner, and shadow products has experienced significant growth and is predicted to boost local markets in the coming years. 

Europe's eye makeup market is expected to have a significant share in the near future. The main regional markets include France, Germany, the United Kingdom, Italy, Spain, and Poland.

KEY MARKET PLAYERS

The major players in the global Eye Makeup Market are L'Oréal S.A, New Avon LLC, Revlon, Coty Inc, Estee Lauder Company, Procter & Gamble Company, LVMH, Shiseido Company Limited, Amway, Unilever Plc.

DETAILED SEGMENTATION OF THE GLOBAL EYE MAKEUP MARKET INCLUDED IN THIS REPORT

This research report on the global eye makeup market has been segmented and sub-segmented based on type of product, sales channel, source, and region.

By Type of Product

• Mascara
• Eye shadow
• Eyeliner
• Pencils
• Others

By The Sales Channel

• Supermarkets/hypermarkets
• Pharmacies
• Health and beauty retailers
• E-commerce
• Others.

By Price

• Economy
• Premium.

By Source

• Chemical
• Natural
• Organic
• Halal
• Other sources.

By Region

• North America
• Europe
• Asia Pacific
• Latin America 
• The Middle East and Africa