The North America Eyelash Serum Market would witness market growth of 6.0% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 6066.7 Thousand Units, showcasing a growth of 16.0% (2020-2023).
Conventional ingredients in these serums primarily consist of synthetic compounds designed to promote lash growth, conditioning, and enhancement. These ingredients often include a blend of vitamins, minerals, peptides, and other chemicals that work to nourish the lashes and create a healthier environment for growth. Synthetic prostaglandins, which are artificial compounds derived from hormones, are commonly used in conventional eyelash serums to stimulate hair growth by extending the anagen phase of the lash cycle. Thus, the Conventional Segment in US market consumed a Volume of 4254.5 Thousand Units in 2023.
The US market dominated the North America Eyelash Serum Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $301.9 million by 2031. The Canada market is experiencing a CAGR of 7.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7% during (2024 - 2031).
This market has grown exponentially over the past decade, driven by an increasing consumer interest in beauty and wellness products. These serums are formulated to enhance eyelashes' length, thickness, and overall appearance, providing an alternative to traditional methods such as eyelash extensions or false lashes.
These serums are primarily designed to stimulate the growth of eyelashes, making them longer, thicker, and more voluminous. They are applied directly to the base of the eyelashes using a brush or applicator. The most common and primary application of these serums is to improve the appearance of natural lashes. Consumers use these products to achieve longer, thicker lashes without extensions or falsies.
Canada's cosmetics sector is on a steady upward trajectory, generating approximately USD 1.24 billion in 2021 and is expected to reach USD 1.8 billion by 2024, growing at an annual rate of 1.45%. This growth indicates an increasing consumer demand for beauty and personal care products, including specialized treatments like these serums. As Canadians become more focused on personal grooming and beauty enhancement, eyelash serums, offering solutions for longer and thicker lashes, are likely to see greater adoption. Mexico’s retail industry, with a revenue of USD 76 billion and over 47,000 retail stores, provides a significant platform for beauty products like these serums. With major retail players like Walmart de Mexico dominating supermarket sales, there is an increasing availability of beauty and personal care products, including eyelash serums, across various retail channels. Thus, the growing cosmetics sector in Canada and the thriving retail industry in Mexico provide substantial opportunities for this market.
Free Valuable Insights: The Eyelash Serum Market is Predict to reach USD 1.54 Billion by 2031, at a CAGR of 6.7%
Based on Ingredients, the market is segmented into Conventional, and Organic. Based on Distribution Channel, the market is segmented into Supermarket & Hypermarket, Specialty Stores, Online, and Other Distribution Channels. Based on Type, the market is segmented into Lash Primer, Peptides, and Prostaglandins. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Ingredients (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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