#Global #Eye #Shadow #Market #Expected #Generate
Portland, OR, Oct. 21, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global eye shadow market garnered $2.8 billion in 2021, and is estimated to generate $5.1 billion by 2031, manifesting a CAGR of 6.3% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.8 billion |
| Market Size in 2031 | $5.1 billion |
| CAGR | 6.3% |
| No. of Pages in Report | 250 |
| Segments covered | Form, Price Range, Sales Channel, and Region. |
| Drivers | Surge in the number of active social media users on a majority of social media platforms, including Instagram, Facebook, YouTube, and Twitter |
| Opportunities | Growth in demand for organic eye shadow products |
| Increase in demand for halal eye shadow cosmetics | |
| Restraints | Rise in eye shadow prices |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic had a negative impact on the growth of the global eye shadow market, owing to implementation of global lockdown which resulted to temporary closure of manufacturing activities.
- The pandemic not only impacted the production of eye shadows but also their distribution and sales. Supply chain was disrupted due to import & export restrictions. Manufacturers faced shortage of labor and unavailability of raw materials. Sales were also hampered due to closure of shops, parlors, and hypermarkets & supermarkets.
- People were mostly inside their houses, which is why, the demand for makeup products including eye shadows decreased significantly….
Read on GNW: Global Eye Shadow Market Is Expected to Generate $5.1
