The mascara market is projected to register a CAGR of 6.70%
during the forecast period 2018 to 2023. As per a research report, by the end
of 2023, the global market will reach US$10,306.16 million in value. Prepared
by the market's expert analysts, the market research report highlights trends
changing the overall market landscape. The growing demand for eye-cosmetics and
the increasing number of working women as well as other factors are set to make
the mascara market optimistic. However, expensive mascaras as well as the
growing demand for cruelty-free mascaras will negatively affect it. The global
market forecast for the 2018 to 2023 period is based on a forecast model
implemented by experts. Primary and secondary data suggests that distribution
channel, category, and product type segments will witness a healthy growth till
2023.
When companies are up among a slew of business rivals,
efficient contact is the most effective way to set yourself apart. Market
segmentation allows businesses to pinpoint the precise message that will entice
consumers to buy a product. Market segmentation will assist firms in enhancing
the efficacy of their marketing strategies by encouraging them to reach the
right people with the right message at the right time. Decision makers may use
segmentation to understand more about their target audience and help adapt
messaging to their tastes and needs.
Regional Overview
The mascara market is segmented into distribution channel,
category, and product type along with its sub segments. During the projection
timeframe, Europe is predicted to lead the global mascara market. During the
study period, the region is projected to generate a market valuation of
US$3,000 million, with a 30 percent global market share. North America is
expected to capture the second largest share of the worldwide mascara industry.
During the forecast era, the area is expected to develop at a CAGR of 6.53
percent.
The ease of availability of the product online will be a major
growth factor, although evolving business trends could hinder the growth of the
mascara market. As per analysts, with a CAGR of 6.70%, the global market is
estimated to grow across distribution channel, category, and product type
segments. However, the market players will need to focus on the banning of
certain products and ingredients and concerns regarding the environment which
could negatively affect the market’s projected growth. The market’s projected
valuation is expected to reach US$10,306.16 million by 2023considering the
growth factors like the increasing demand for varieties of mascara and the
rising demand for eye-cosmetics.
Industry News
Blossom was purchased by EMMAC Life Sciences Group, a cannabis
firm headquartered in London, England, in late January 2019. Blossom is a CBD
lifestyle company that offers topical skin care, ingestible oils, and teas.
Founder Jennifer Grant's cannabis ingredient plan, which leveraged upcycled
cannabis root and its function in Traditional Chinese Medicine, made headlines
with the launch of clean skin care company empyri. The fitness corporation
headquartered in Toronto, Canada, reported plans to buy four brands from EMMAC
Life Sciences Group in exchange for $8.1 million in Yooma shares.
Complete Report Details @ https://www.marketresearchfuture.com/reports/mascara-market-3507
About Market Research Future
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
In order to stay updated with technology and work process of
the industry, MRFR often plans & conducts meet with the industry experts
and industrial visits for its research analyst members.
Comments
Post a Comment