Market Insights Consumer Beauty & Personal Care Cosmetics

Eye Cosmetics - Luxembourg

Luxembourg

in Luxembourg, a country known for its strong economy and high standard of living, plays a significant role in the Eyes market.
In 2024, the revenue in this market segment is projected to reach US$10.33m.
Furthermore, it is expected to experience a steady annual growth rate of 3.23% from 2024 to 2029 (CAGR 2024-2029).
When comparing the global market, in the United States stands out as the leader, generating a substantial revenue of US$5,092m in 2024.
This highlights the dominance of the American market in terms of size and profitability.
To put the revenue figures into perspective, it is worth considering the per person revenues.
In 2024, each individual in Luxembourg contributes approximately US$15.62 to the Eyes market, reflecting the country's strong consumer base and market potential.
Luxembourg is known for its high-end optical boutiques, where customers can find the latest designer eyewear trends.

Key regions: India, Malaysia, United States, South Korea, Canada

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.