Global Eye Skin Care Market By Product Type (Eye Cream, Eye Essence, Eye Mask, Massage Essential Oil and Others), By Distribution Channel (Specialist Retailers, Factory Outlets, Internet Sales and Others), and By Region – Forecast to 2033
-
23863
-
April 2023
-
150
-
-
This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
-
The Global Eye Skin Care Market is projected to be US$ 19.0 Billion in 2023 to reach US$ 35.4 Billion by 2033 at a CAGR of 6.4%.
MarketResearch.Biz announces publication of its most recently generated research report titled, “Global Eye Skin Care Market by Product Type (Eye Cream, Eye Essence, Eye Mask, Massage Essential Oil, Other Products), By Distribution Channel (Specialist Retailers, Factory Outlets, Internet Sales, Other Distribution Channel), and by Region – Global Forecast to 2033.”, which offers a holistic view of the global eye skin care market through systematic segmentation that covers every aspect of the target market.
Cosmetics and other personal care products are used to clean, beautify, and enhance attractiveness or change appearances. The skin around the eyes is much thinner than skin on an individual’s face that more susceptible to environment-based agents such as ultraviolet rays and other related elements. Specialized cosmetics are required for skin around eyes. Eye skin care products include eye creams, eye masks, eye essences, etc., that are only meant to be used on the fragile skin surrounding the eyes. Eye creams are specially manufactured, and are thicker than facial lotions, as well as contain more emollients and effective conditioners
[report-coverage short_image="https://marketresearch.biz/wp-content/uploads/2021/08/Eye-Skin-Care-Market-Infographics-Segmentation.jpg"]
Global Eye Skin Care Market Revenue (US$ Mn), 2020–2030
The increase in demand for eye skin care products from both men and women are expected to promote revenue growth for this target market. Dark circles and the occurrence of puffiness affects both men and women, and is more common in adults, and rare among children. In addition, for an increasing number of working men and women, eye creams are an important part of daily skin and eye care routines. This is another factor that is expected to further promote revenue growth. Rapid urbanization, increased income levels, changing consumer lifestyles, a booming retail sector, the increasing availability of reputable and popular beauty brands, as well as increased spending by individuals on various cosmetics is leading to improved sales figures. These are complementary factors that are expected to further fuel the demand for eye skin care products in the cosmetics industry. However, several ingredients used in eye creams, such as fragrances, preservatives, resins, emollients and antioxidants, may irritate the surface of the eyes, and result in the inflammation of the eyes. This factor is expected to hinder the demand for eye skin products.
The global eye skin care market is segmented on the basis of product type, distribution channel, and regions. Under the segmentation of product, the eye cream segment is expected to account for the majority revenue share of this target market, as a result of increasing demand levels for eye cream owing to its beneficial properties. Specialist retailers is expected to have major revenue share in this market, owing to its easy availability in almost every region. On the basis of region, the European market is estimated to account for a major share of the global eye skin care market, in terms of revenue, and is projected to maintain its respective market position over the forecast period. The market in Europe is expected to retain its respective position in terms of production capacity and consumption of cosmetics products owing to changing lifestyles and is projected to continue to compliment revenue growth of the overall market in this region.
Global Eye Skin Care Market Attractiveness Analysis by Product Type, 2014–2030
Nonetheless, various industry players in the global eye skin care market are now increasing their focus towards the establishment of successful collaborations, acquisitions, and joint venture activities as a means to enhance their respective customer bases. The major industry players are also increasing their supply capabilities to meet customer requirements locally and globally. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.
The increasing awareness of e-commerce platforms is expected to have a positive effect on the market
The increasing popularity of smartphones and e-commerce platforms among various users and the efforts of several cosmetics brands to increase their brand image by leveraging social media are factors expected to fuel the demand for cosmetics products over the next few years. In addition, with the help of these platforms, manufacturers are now more capable of offering detailed information regarding their products and are also able to gather feedback from their users, in turn, effectively expanding the respective customer bases. This factor is also expected to have a positive impact on this target market.
The Eye Skin Care Market benefits from specialized cosmetic raw materials designed to address the delicate needs of this sensitive facial area.
Global Beauty-Industry Retail Sales (US$ Billion) From 2016-2019
COVID-19 Impact on the Eye-Skincare Market
The outbreak of COVID-19 has had a significantly negative influence on several end-use industries due to a shortage of raw materials, travel restrictions, a shift in production priorities with slight change in consumer behavior, supply chain disruptions. End-use industries such as cosmetics, electronics, packaging, medical & pharmaceuticals, etc., have faced severe economic losses for respective enforced lockdowns. The beauty industry had a severe impact, including various facets such as skincare, color cosmetics, hair care, perfume, and personal care segments. A large number of stores were forced to close, which in turn affected product sales during the first quarter of 2020. As a result, the detrimental economic impact of this pandemic has negatively influenced both brands and retailers.
Factors affecting the demand for Eye Skin Care
The main challenge for skincare cosmetics manufacturers is obtaining the necessary approvals for using medical compounds and safety labels on personal care products marketed in developed regions and countries. In addition, the use of home remedies containing natural ingredients such as honey, papaya, cucumber and natural oils in the preparation of facial masks, over traditional products, is also expected to pose a threat to the overall market growth.
Market Dynamics
The global eye skin care market is segmented on the basis of product type, distribution channel, and regions. Under the segmentation of the product, the eye cream segment is expected to account for the majority revenue share of this target market due to increasing demand levels for eye cream coupled with the beneficial properties of such products. Specialist retailers are expected to have a significant revenue share due to their easy availability in almost every region.
The market is segmented region-wise into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Based on the region, the European market is estimated to account for a significant share of the global eye skin care market in terms of revenue and is projected to maintain its respective market position over the forecast period. The market in Europe is expected to retain its dominant position in terms of production capacity and consumption of cosmetics owing to changing lifestyles. The region is also projected to continue to complement the revenue growth of the overall market in this region. The European eye skincare market is projected to be valued at US$ 12,162.1 Mn, with a revenue share of XX in 2030, and register a CAGR of XX from 2021 to 2031.
Some notable developments in the market include:
- L’Oréal has established its presence in India by employing two key channels: retail trade for branded products and L’Oréal Academies.
- In August, Henkel acquired a 75% stake in Invincible Brands Holding to diversify its existing product portfolios and increase its current market footprint.
- Estée Lauder Cos. Inc. is cutting store-based costs and attempting to grow online sales as the coronavirus pandemic deals a blow to the global demand for cosmetics. The company has reported a 16% increase in total net sales to US$3.86 bn for 2020, compared to US $3.35 bn in 2019.
New Eye Cream Product Launches in the Year 2020-2021
Competitive Landscape
The Eye Skin Care landscape appears highly consolidated, with a major chunk of it being dominated by below players.
- Procter & Gamble Company
- Unilever plc
- L’Oréal S.A.
- Colgate-Palmolive
- The Estée Lauder Companies Inc.
- Kao Corp.
- Shiseido Co., Ltd
- Beiersdorf AG
- Avon Products, Inc.
- Eye Care Cosmetics
- Other Key Industry Players
Segmentation for Global Eye Skin Care Market Based on Product Type, Distribution Channel, and Region
Based on Product Type
- Eye Creams
- Eye Essences
- Eye Masks
- Massage Essential Oils
- Other Products
Based on Distribution Channel
- Specialist Retailers
- Factory Outlets
- Internet Sales
- Other Distribution Channels
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
-
- Procter & Gamble Company
- Unilever plc
- L’Oréal S.A
- Colgate-Palmolive
- The Estée Lauder Companies Inc.
- Kao Corp.
- Shiseido Co., Ltd.
- Beiersdorf AG
- Avon Products, Inc.
- Eye Care Cosmetics.
- Other Key Industry Players