Global Eye Cream Market Size By Type (Moisturizing, Repairing), By Application (Professional, Personal), By Geographic Scope And Forecast

Eye Cream Market Size And Forecast

Eye Cream Market size is valued at USD 4.77 Billion in the year 2022 and it is expected to reach USD 7.65 Billion in 2030, growing at a CAGR of 6.08% from 2023 to 2030.

The growing popularity of smartphones and e-commerce platforms among various users, as well as the efforts of several cosmetics brands to improve their brand image through the use of social media, will likely drive demand for cosmetics products, such as eye care products, in the coming years. The Global Eye Cream Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Eye Cream Market Definition

Eye Cream is a type of moisturizer that is designed specifically for the eyes. While some people use general face cream on the skin around their eyes, this area requires special attention. Due to the skin around our eyes being thinner than on our faces, it dries out more quickly and is more susceptible to environmental aggressors like UV rays. Blinking and facial expressions cause constant movement, which contributes to the formation of crow’s feet, lines, and wrinkles. In addition, the eye area has less sebum (oil), which is a natural moisturizer.

Under-eye creams are thicker and contain more emollients and conditioning agents than facial lotions because they are designed specifically for the delicate skin around the eyes. Emollients, humectants, or a combination of both are found in moisturizing eye creams. Emollients, such as glycerin, fill in cracks and roughness on the skin, making it smoother. Humectants, such as hyaluronic acid and bionic acid, attract water from deeper layers of the skin.

Global Eye Cream Market Overview

Various factors such as the expanding range of customized products that are simple to use, lifestyle changes, and the growing number of beauty shops are expected to drive the Eye Cream Market throughout the forecast period. In addition, new products offer sophisticated skincare solutions and are designed for different skin types, which are the key drivers expected to boost the overall Eye Cream Market in the coming years. Men’s and women’s rising preference for eye skin care products will lead to increased sales in this target market.

Dark circles and puffiness affect both men and women and are more common in adults than in children. Furthermore, eye creams are becoming an increasingly important part of the daily skin and eye care routines of an increasing number of working men and women. This is yet another factor that is expected to boost revenue growth. Rapid urbanization, rising income levels, shifting consumer lifestyles, a thriving retail sector, increased availability of reputable and popular beauty brands, and increased spending by individuals on various cosmetics are all contributing to higher sales figures.

So, a few things are making eye skin care products more popular in cosmetics these days. However, it's not all smooth sailing. Concerns about potentially toxic ingredients could really hold back the Eye Cream Market down the road. On a brighter note, the arrival of new companies could open up some cool opportunities for the market to grow. But here's the catchsome of those ingredients in eye creams – you know, things like fragrances and preservatives – can actually irritate your eyes and cause inflammation. That could definitely lead to fewer people wanting to buy them.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Eye Cream Market. We cover the major impacting factors driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global Eye Cream Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Global Eye Cream Market Segmentation Analysis

The Global Eye Cream Market is Segmented on the Basis of Type, Application, And Geography.

Eye Cream Market, By Type

• Moisturizing
• Repairing

So, depending on the Type, you'll find eye creams segmented into two main categoriesMoisturizing and Repairing. Now, a Moisturizing Eye Cream might not be the best for tackling serious aging, but it's fantastic if you're mostly worried about wrinkles, puffiness, or those pesky dark circles. Don't be fooled though, some moisturizing formulas pack a punch with anti-aging goodies like antioxidants, vitamin C, peptides, and even retinoids! The best part? They're usually easier on the wallet compared to dedicated anti-aging creams and you can use them daily for a boost of hydration without messing up your makeup. Plus, moisturizing formulas are usually designed to avoid that dreaded greasy under-eye look. Still, before you click that "buy" button, definitely read some product reviews to see what other users have to say!

Eye Cream Market, By Application

• Professional
• Personal

Based on Application, the market is segmented into Professional and Personal. Professionals use eye creams that minimize the appearance of crow’s feet, under-eye bags, and dark circles. Apply Eye Cream around the eyes with a light patting motion for about 20 seconds, or until it is absorbed into the skin. It also helps with puffiness reduction. Eye creams containing vitamins A, C, and K are frequently recommended by cosmeticians.

Eye Cream Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

On the basis of Geography, the global Eye Cream Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. During the forecast period, the market in North America is expected to grow at the fastest CAGR. Because of its strong economy, Canada has a large geographical share in this region. Women in Canada have higher purchasing power and are more likely to use new technologies in their daily lives.

Key Players

The “Global Eye Cream Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are L’Oreal SA, Estée Lauder Companies Inc., Shiseido Company, Limited, Procter & Gamble Co., Johnson & Johnson, Unilever PLC, Beiersdorf AG, Amorepacific Corporation, Avon Products, Inc., The Body Shop International Limited, Kao Corporation, Revlon, Inc., Oriflame Holding AG, Mary Kay Inc., The Estée Lauder Companies Inc. among others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the players mentioned above globally.

Key Developments

• In May 2022, The world’s first personalized Eye Cream Duo has been launched by PROVEN Skincare, the AI-powered, technology-first skincare brand. The Duo is formulated with powerful ingredients that address multiple skin concerns at once while also nourishing the delicate area around the eyes.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Report Scope

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Research Methodology of Market Research

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Reasons to Purchase this Report

We'll take a good hard look at the market, using both numbers and real-world stuff to break it down into segments. You'll get the market value (in USD Billion) for each of these segments and sub-segments. We'll point out which regions and segments are likely to grow the fastest and be the biggest. Plus, we'll analyze each region, showing how much the product/service is used and what's influencing the market there. We'll also cover the competitive landscape, ranking the big players and highlighting their latest service/product launches, partnerships, expansions, and acquisitions over the last five years. You'll find detailed company profiles, including overviews, insights, product comparisons, and SWOT analysis for the major players. We’ll give you a feel for where the market is now and where it's headed, considering recent happenings, growth chances, and the challenges in both new and established areas. We'll even dive deep with Porter's five forces analysis. Expect insights into the market using a Value Chain approach. Finally, we'll cover market trends and where the best opportunities for growth are in the coming years. Oh, and don't forget, you get 6 months of analyst support after the sale!

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