Whitening Eye Cream Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.3 Billion by 2030, growing at a CAGR of 8.9% from 2024 to 2030.
From 2023 to 2033, the demand for whitening eye creams is expected to continue growing at a healthy pace. The market is anticipated to experience further innovation with advancements in skincare technology and more research into ingredients that can safely lighten and brighten the under-eye area. Consumers are becoming increasingly conscious of the ingredients used in skincare products, seeking out those with natural or organic certifications. As a result, there will be a shift toward more eco-friendly, cruelty-free, and sustainable options in the whitening eye cream segment.
The use of potent ingredients like vitamin C, peptides, hyaluronic acid, and niacinamide, known for their brightening and skin rejuvenating properties, has gained widespread popularity. These ingredients are now commonplace in whitening eye creams, as they offer multiple benefits beyond just brightening the skin, including reducing fine lines and improving skin elasticity. In addition to these active ingredients, the growing trend of personalized skincare will also play a significant role in the future demand for whitening eye creams. As skincare routines become more tailored to individual needs, consumers will increasingly seek products that cater to their unique skin concerns.
The rising influence of social media and online beauty influencers is expected to further accelerate the market's growth from 2023 to 2033. Consumers are more likely to trust recommendations from influencers and peers, fueling the demand for whitening eye creams. Additionally, the expansion of e-commerce platforms and direct-to-consumer brands is making these products more accessible, thus broadening their reach across various demographics globally.
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The whitening eye cream market has seen significant changes between 2018 and 2022, largely driven by increased consumer awareness of skincare and growing interest in products that address dark circles, puffiness, and overall skin tone. These years witnessed a surge in demand for products that promise brighter and more youthful-looking eyes, which led to the introduction of numerous formulations designed to target these concerns. By 2022, the global market for whitening eye creams had reached impressive growth figures, as consumer spending on premium skincare products increased steadily.
LVMH
Shiseido
L'OREAL PARIS
Avon
COSMAX
P&G
Unilever
Coty
Shanghai Jahwa United Co.
Ltd
Guangzhou Aoxia Industrial Co.
Ltd
Guangzhou Keneng Cosmetics Research Co.
Ltd
Suzhou Shangmei International Cosmetics Co.
Ltd
Boxian Industrial (Guangdong) Co.
Ltd
Shanghai New Life Cosmetics Co.
Ltd
Guangzhou Meixi Biotechnology Co.
Ltd
Qingdao Xilaijian Cosmetics Co.
Ltd
New Life Group (China) Co.
Ltd
Hangzhou LG Cosmetics Co.
Ltd
Shanghai New Gaozi Cosmetics Co.
Ltd
Fujian Pian Tsai Cosmetics Co.
Ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Whitening Eye Cream Market
Hairdressing
Personal Skincare
Based on Types the Market is categorized into Below types that held the largest Whitening Eye Cream market share In 2023.
Gel Eye Cream
Lotion Eye Cream
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Whitening Eye Cream Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Whitening Eye Cream Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Whitening Eye Cream Market, By Type
6. Global Whitening Eye Cream Market, By Application
7. Global Whitening Eye Cream Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Whitening Eye Cream Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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