What is Lying Silkworm Pen Market?
A lying silkworm pen is defined as a colored cosmetic applied to the eyelids or also to the skin around the eyes to accentuate them. It is been commonly used to make the wearer's eyes look or stand out more attractive. These come in various different colors and textures. Some of the common ingredients in lying silkworm pens consist of talc, magnesium stearate, mica, sericite, colorants, and various preservatives. Increasing disposable income of the people in developing regions, increased promotional activities by manufacturers and increasing skin-related concerns among the consumers are the factors boosting the product demand.
The market study is being classified by Type (Single Head and Double Head) and major geographies with country level break-up.
Holika (Canada), Lovedrops (United States), Kate Spade (United States), Koji Honpo Co. Ltd. (Japan), Solone (China), Etude House (South Korea), Innisfree (United States), NYX (United States), Banila Co (South Korea) and Integrate (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Lying Silkworm Pen market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Lying Silkworm Pen market by Type, Application and Region.
On the basis of geography, the market of Lying Silkworm Pen has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increase in Disposable Income
- Growing adoption of eye makeup products, in order to enhance the appearance
- Ease of use and availability
- Increase in The Number of Makeup Workshops
Market Trend
- Growing research and development (R&D) and advertisement/promotional activity
- Increasing Adoption of The Makeup Accessories by The Youngsters
Restraints
- Stringent regulations imposed on the use of ingredients in cosmetics
- Fluctuations of the Raw Material Prices
Opportunities
- Growth in the Cosmetic Industry Worldwide
- Increase in Innovation
- Growth in the E-commerce Industry
Challenges
- Presence of Competitors
- Availability of Substitutes
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Lying Silkworm Pen, Government Regulatory and Research Organizations and End-Use Industries