The eyelashes enhancing agents market was valued at US$ 370.36 million in 2018 and it is projected to reach US$ 579.43 million in 2027; it is expected to grow at a CAGR of 5.1% from 2019 to 2027.
The report provides the trends prevailing in the global eyelashes enhancing agents market and the factors driving the market along with those that act as hindrances.
Eyelash enhancing agents are the products that are applied to the eyelashes to strengthen and improve their growth. An eyelash enhancer offers functions such as conditioning and moisturizing. These products generally consist of ingredients such as peptides and amino acids that can help new lashes to grow and lengthen, and add density to your natural lashes of a person. The growth of the global eyelashes enhancing agents market is attributed to the increasing prevalence of eye diseases and the growing cosmetics industry. However, side effects associated with eyelash enhancing agents is the major factor hindering the market growth.
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Market Insights
Growing Prevalence of Eye Diseases to Drive Global Eyelashes Enhancing Agents Market Growth
According to the American Optometric Association, blepharitis is an eyelid inflammation, which causes redness, irritation, and itching effects along with the formation of dandruff-like scales on the eyelashes. However, it can further lead to blurring of vision, missing or misdirected eyelashes, and inflammation of cornea. In these case, treating eyelid directly may circumvent problems of topical drug delivery. The optimal vehicle provides prolonging residence time at the site of application and improving tissue penetration. Companies are developing topical products for the cosmetic treatment of eyelashes. For instance, Latisse, bimatoprost ophthalmic 0.03% solution, is an FDA approved drug to increase the length, thickness and darkness of eyelash in patients with hypotrichosis.
Increasing prevalence of blepharitis has been observed worldwide. For instance, nearly 15% of the urban female population in India is suffering from blepharitis. As per experts, blepharitis is seen in people of all ages, ethnicities, and gender, but it is more common in individuals older than the age of 50 years. According to the survey conducted by the American Academy of Ophthalmology, in 2014, in the US 37% to 47% of patients had a sign of blepharitis. It is the most common eye disorder throughout the world. Based on the estimation of Lemp et al. 86% of patients with dry eyes have concomitant blepharitis, more than 25 million Americans suffer from blepharitis. Thus, the increasing prevalence of eye disease is likely to drive the growth of eyelash enhancing agents market during the forecast period.
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.
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Eyelashes Enhancing Agents Market: Competitive Landscape and Key Developments
The leading companies operating in the eyelashes enhancing agents market include Allergan, Estée Lauder, Athena Cosmetics, Inc, L’ORéAL PARIS, Skin Research Laboratories, Ame Pure., SkinGen International Inc, Grande Cosmetics LLC, Guangzhou Boss Biological Technique Ltd, and Lashfactor London among others.
The global eyelashes enhancing agents market, based on the type, is segmented into curling, lengthening, volumizing, and others. The application is segmented into repairing damaged eyelashes and nourishing. The content-type segment is divided into bimatoprost, serum, and others. In 2018, the lengthening segment held the largest market share of the eyelashes enhancing agents market. This segment is also projected to dominate the market in 2027 owing to the growing want for long and luxurious lashes. However, the Volumizing segment is anticipated to register the highest CAGR in the market during the forecast period.
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