The Asia Pacific False Lashes Market would witness market growth of 7.3% CAGR during the forecast period (2023-2029).
Manufacturers of fake eyelashes have started to create intelligent eyelashes that can be utilized as switches to instantly control electronic items like lights and televisions as a result of developments in technology and intelligence. Furthermore, false eyelashes featuring LED lights are also in style and are being quickly embraced by younger generations. Therefore, all these elements favor the use of false eyelashes furthermore.
The increase in the value of the false lashes market can be attributed to a number of factors. This includes an increased emphasis on product innovation by the product manufacturers, soaring demand for personalized beauty products, and rising self-consciousness of the population. Moreover, the growth and expansion of the personal and beauty care industry, particularly in developing economies, the rising popularity of e-commerce platforms, and rising individual disposable income are beneficial for the growth of the market.
The emerging factor promoting the expansion of the market is the rising popularity of high-end eye cosmetics. Other indirect factors driving the growth of the market include the increasing affordability of raw materials, the expansion of the cosmetics industry, an increase in R&D activities, and the globalization and westernization of society.
With China, India, South Korea, and the Philippines being the leading nations with rising awareness regarding emerging beauty products and trends in the regional market over the projection period, Asia Pacific is predicted to be one of the regions with the quickest growth in the future years. One of the consumer product sectors with the fastest growth in cosmetics.
Due to growing appearance sensitivity among customers, particularly the youthful population, and rising per capita disposable income, cosmetic product spending per person has recently increased at a significant rate. The growing number of brands making products that match the demand of numerous customers is emerging as a prominent trend in the regional market. Thus, the false lashes market will expand exponentially in the region throughout the forecast period.
The China market dominated the Asia Pacific False Lashes Market by Country in 2022; thereby, achieving a market value of $150.9 million by 2029. The Japan market is experiencing a CAGR of 6.6% during (2023 - 2029). Additionally, The India market would register a CAGR of 7.9% during (2023 - 2029).
Based on Raw Material, the market is segmented into Human Hair, Synthetic Hair, Feather, Metal and Others. Based on Type, the market is segmented into Regular Lashes, Colored Lashes, Decorative Lashes and Others. Based on Distribution Channel, the market is segmented into Malls & Hypermarket, Offline Retailers, E-commerce, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide False Lashes Market is Projected to reach USD 2.1 Billion by 2029, at a CAGR of 6.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tarte, Inc. (KOSÉ Corporation), Momi Eyelash Co., Ltd, Velour Beauty, Inc., Plumage Lashes Factory, Qingdao IMI lashes Co., Ltd., ESQIDO LTD., Lilly Lashes, LLC, PT Bintang Mas Triyasa, Xtreme Lashes, LLC, and KISS Products, Inc.
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