False Eyelashes Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0192759
  • Format: Electronic (PDF)
  • Number of Pages: 204
  • Author(s): Joshi, Madhavi

Report Overview

The False Eyelashes Market size was estimated at USD 3.2 billion in 2023 and is projected to reach USD 8 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 14.00% during the forecast period (2024-2030).

False Eyelashes Market

(Market Size)
$3.2 billion
$8 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 14.00%
2023 Market Size USD 3.2 billion
2030 Market Size USD 8 billion
Key Players Ardell, Kiss, Eylure, Huda Beauty, Lilly Lashes

Market Summary

The false eyelashes market is a dynamic and rapidly expanding segment within the broader beauty and personal care industry. This market caters to a global consumer base increasingly interested in aesthetic enhancement and self-expression through cosmetics. The proliferation of social media platforms and the influence of beauty influencers have significantly normalized and popularized the use of false eyelashes, moving them from a niche theatrical product to a mainstream beauty staple. The industry is characterized by a diverse range of products, from affordable drugstore options to premium, professionally applied lash extensions. Manufacturers and brands are continuously innovating in terms of materials, application techniques, and design to cater to varying consumer preferences for dramatic, natural, or specific aesthetic looks. The market's growth is further supported by the rising disposable income in emerging economies and a cultural shift towards more pronounced and experimental makeup routines. E-commerce has become a primary sales channel, offering consumers vast selection and convenience, while traditional brick-and-mortar stores, including specialty beauty retailers, continue to play a vital role in product discovery and trial.

Key Highlights

A key highlight of the false eyelashes market is the intense focus on product innovation and material science. There is a marked consumer shift towards high-quality, lightweight, and comfortable lashes made from advanced synthetic fibers, silk, and mink, with a growing emphasis on vegan and cruelty-free alternatives to cater to ethically conscious buyers. The rise of the DIY beauty trend has fueled demand for easy-to-apply strip lashes and individual flare lashes, empowering consumers to achieve professional-looking results at home. Furthermore, the market is witnessing the blurring of lines between traditional strip lashes and semi-permanent lash extensions, with an increasing number of salon-quality products becoming available for at-home use. The competitive landscape is fierce, with both established cosmetic giants like L'Or?al and new, agile direct-to-consumer brands such as Lilly Lashes and Velour Lashes vying for market share through aggressive digital marketing and influencer collaborations. Sustainability is also emerging as a critical differentiator, with brands exploring recyclable packaging and sustainable sourcing for natural fibers.

Drivers, Opportunities & Restraints

The primary drivers propelling the false eyelashes market forward are the powerful influence of social media and digital beauty content. Platforms like Instagram, YouTube, and TikTok serve as continuous sources of inspiration and tutorials, normalizing lash use and driving consumer purchases. The increasing disposable income, particularly among younger demographics in Asia-Pacific and North America, allows for greater expenditure on non-essential beauty products. A significant opportunity lies in market penetration within emerging economies where beauty consciousness is rising rapidly. Customization and personalization present another substantial opportunity, with potential for brands to offer lashes tailored to specific eye shapes, desired volumes, and occasions. However, the market faces notable restraints. The availability of low-quality, counterfeit products online can damage brand reputation and consumer trust. Allergic reactions to certain adhesives or materials remain a concern for a segment of consumers. Furthermore, the application process can be perceived as difficult or time-consuming for beginners, potentially limiting market expansion among less beauty-savvy demographics.

Concentration Insights

The global false eyelashes market exhibits a moderately concentrated nature, featuring a mix of large, established multinational corporations and a thriving ecosystem of small to medium-sized specialized enterprises. Leading players such as L'Or?al SA, through its subsidiary Ardell, and Huda Beauty hold significant market share due to their extensive distribution networks, strong brand recognition, and diverse product portfolios. These companies leverage their scale for mass production and widespread retail placement. Concurrently, the market has seen a surge in niche and indie brands that compete effectively by focusing on specific consumer needs, such as ultra-natural looks, dramatic volume, vegan materials, or innovative magnetic application systems. These smaller players often build loyal communities through direct engagement on social media and e-commerce platforms. The concentration is also visible regionally, with a high density of manufacturers and suppliers based in Asia, particularly South Korea and China, which are global hubs for beauty product manufacturing and innovation.

Type Insights

The false eyelashes market is segmented by type primarily into strip lashes and individual flare lashes, with a further distinction between DIY consumer products and professional-grade lash extensions applied in salons. Strip lashes dominate the retail market due to their ease of use, affordability, and wide availability. They are available in a vast array of styles, lengths, and volumes, from subtle and natural to bold and dramatic. Individual flare lashes, or clusters, offer a more customizable and often longer-lasting result, appealing to users seeking a more tailored look. The professional lash extension segment represents a high-growth, premium category. These are applied strand-by-strand by certified technicians using semi-permanent adhesive and can last for several weeks with proper maintenance. Material-wise, the market offers options including synthetic fibers, which are most common and affordable; silk fibers, known for their lightweight and natural sheen; and mink fur, which is prized for its softness and wispy effect, though ethical concerns are driving demand for high-quality faux mink alternatives.

Application Insights

Application insights reveal a market primarily divided into personal use and professional use. The personal use segment is the largest and fastest-growing, driven by the democratization of beauty and the wealth of application tutorials available online. Consumers are increasingly confident in applying strip lashes and clusters at home for daily wear or special occasions. This segment is highly influenced by trends on social media platforms. The professional application segment, encompassing beauty salons, spas, and dedicated lash studios, caters to consumers seeking semi-permanent extensions. This application requires specialized training and offers a higher price point, representing a significant revenue stream for service providers. The demand for professional services remains robust, as consumers value the expertise, longevity, and flawless finish offered by a trained technician. The boundary between these segments is increasingly fluid, with many professional brands launching retail lines for at-home use, and retail products improving in quality to rival professional results.

Regional Insights

Regionally, the Asia-Pacific region stands as the dominant and most rapidly growing market for false eyelashes. This is largely attributed to strong beauty cultures in countries like South Korea, Japan, and China, where elaborate eye makeup is a standard part of many beauty routines. The influence of K-beauty and J-beauty trends, which often emphasize large, doll-like eyes, has been a monumental driver. North America holds a significant share, fueled by high consumer spending on cosmetics, a strong influencer culture, and the presence of major market players. Europe follows, with steady growth driven by fashion trends and increasing consumer interest in premium beauty products. Emerging markets in Latin America and the Middle East and Africa are anticipated to exhibit considerable growth potential in the coming years. This growth will be fueled by rising urbanization, growing middle-class populations with increasing disposable income, and the expanding influence of global beauty trends through digital media penetration.

Company Insights

The competitive landscape of the false eyelashes market includes a diverse array of companies ranging from global beauty conglomerates to specialized indie brands. Key established players include L'Or?al SA, which owns the widely recognized brand Ardell, and ELF Cosmetics, known for its accessible and trendy product offerings. These companies benefit from massive distribution scale and extensive brand portfolios. Prominent specialist brands have also carved out significant market share; these include Huda Beauty, renowned for its high-quality and dramatic lash styles, and Lilly Lashes, a brand popularized by influencers and known for its luxury positioning. Eylure is another major name with a long history and strong retail presence. The market is also populated by numerous direct-to-consumer brands and private label manufacturers, particularly from Asia, which compete aggressively on price and speed to market with trend-based products. Competition is based on factors such as product innovation, brand image, marketing strategy, price point, and distribution network strength.

Recent Developments

Recent developments in the false eyelashes market are heavily centered on technological innovation and sustainability. A major trend is the advancement and popularization of magnetic eyelash systems, which eliminate the need for potentially irritating glues and simplify the application process, making them highly appealing to beginners. There is also a significant push towards the development of more comfortable, lightweight, and flexible band materials that conform better to the lash line for a seamless and invisible look. In terms of materials, the demand for vegan and cruelty-free products has accelerated, leading brands to phase out real mink and introduce sophisticated synthetic alternatives that mimic its properties. Sustainability initiatives are gaining traction, with companies exploring recyclable and reduced packaging to minimize environmental impact. Furthermore, augmented reality technology is being integrated into e-commerce platforms, allowing consumers to virtually try on different lash styles before making a purchase, enhancing the online shopping experience and reducing return rates.

Report Segmentation

This comprehensive market report on the false eyelashes industry provides a detailed analysis segmented across multiple dimensions to offer a granular view of the market dynamics. The segmentation is structured to provide insights into every critical aspect of the industry. The report is segmented by type, distinguishing between strip lashes, individual flare lashes, and professional lash extensions, analyzing the demand and growth patterns for each category. It is further segmented by material, covering synthetic, silk, mink, and other novel fibers, highlighting consumer preferences and material trends. The application segment provides analysis for both personal use and professional use, examining the different consumer behaviors and market drivers for each. A crucial geographical segmentation breaks down the market into key regions and major countries within North America, Europe, Asia-Pacific, and the rest of the world, providing regional production, consumption, and growth forecasts. This multi-faceted segmentation allows stakeholders to identify precise opportunities and understand specific trends within each market subset.

FAQs

What materials are false eyelashes made from? False eyelashes are commonly manufactured from a variety of materials including synthetic fibers, which are affordable and versatile; silk fibers, prized for their lightweight feel and natural appearance; and real mink fur, known for its exceptional softness and wispy effect. However, due to growing ethical concerns, high-quality faux mink and other vegan synthetic alternatives are becoming increasingly popular and sophisticated.

How long do false eyelashes last? The longevity of false eyelashes depends entirely on the type. DIY strip lashes, if carefully removed and cleaned, can typically be reused between five to twenty times. Individual cluster lashes may last for a few days. In contrast, professional semi-permanent lash extensions, which are applied strand-by-strand with specialized adhesive, can last for three to six weeks before requiring a infill appointment to maintain fullness.

Are false eyelashes reusable? Yes, most strip false eyelashes are designed to be reusable. Proper care is essential for maximizing their lifespan. This involves gently peeling off the lash band from the eyelid, carefully removing any excess glue, and cleaning the band with a specialized makeup remover or isopropyl alcohol to dissolve adhesive and mascara buildup. They should then be stored flat in their original case to maintain their shape.

What is the difference between strip lashes and individual lashes? Strip lashes come on a single band that is applied across the entire lash line for an instant full-look effect. They are generally easier and quicker to apply for most consumers. Individual lashes, or flares, are small clusters of a few lashes that are applied in sections, allowing for a highly customizable and often more natural-looking result. They require more precision during application but offer greater control over the final appearance.

Can you apply false eyelashes with magnetic eyeliner? Yes, a significant innovation in the market is the magnetic lash system. This involves applying a magnetic eyeliner along the lash line instead of traditional glue. The false lashes have tiny magnets embedded in their band, which then attach securely to the magnetic liner. This method is often praised for being easier to use and less messy than glue, and it reduces the risk of allergic reactions to lash adhesives.

How do you remove false eyelashes? For strip lashes, gently grasp the outer corner of the lash band and slowly peel it inward toward the nose. For lashes applied with glue, soaking a cotton pad with an oil-based makeup remover and holding it against the closed eye for a few moments can help dissolve the adhesive for easier removal. Professional lash extensions must be removed by a trained technician using a professional-grade remover to avoid damaging the natural lashes.

Citius Research has developed a research report titled “False Eyelashes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• False Eyelashes Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The False Eyelashes Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

False Eyelashes Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

False Eyelashes Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of False Eyelashes Market
• Research Methodology
• Executive Summary
• Market Dynamics of False Eyelashes Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of False Eyelashes Market
• Cost and Gross Margin Analysis of False Eyelashes Market
• False Eyelashes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “False Eyelashes Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

False Eyelashes Market Key Stakeholders

Below are the key stakeholders for the False Eyelashes Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

False Eyelashes Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the False Eyelashes Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the False Eyelashes Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in False Eyelashes Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global False Eyelashes Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global False Eyelashes Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global False Eyelashes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global False Eyelashes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global False Eyelashes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global False Eyelashes Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America False Eyelashes Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America False Eyelashes Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe False Eyelashes Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA False Eyelashes Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific False Eyelashes Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa False Eyelashes Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia False Eyelashes Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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