The Eye Make-Up Preparations market in Armenia was valued at 5.2548 million USD in 2023, continuing a slight decline from previous years. Over the last decade, the market has fluctuated, with significant growth in 2017 and minor contractions in other years. The most recent two years reported minor contractions, with a year-on-year decrease of 0.19% in 2022 and 0.18% in 2023. The five-year compound annual growth rate stood at -0.18%, indicating a marginally declining trend over this period.
Future trends to watch for:
- Emerging beauty trends could impact consumer preferences, possibly revitalizing the market.
- Technological advancements in product formulations and sustainability may influence market dynamics.
- Potential economic shifts in Armenia can affect discretionary spending in cosmetics, including eye make-up.
How does Armenia rank in Eye Make-Up Preparations Market Size Value?
| # | 48 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,452,000,000 | 2023 | +3.21% | +3.5% | View data |
| 2 | 2 Japan | 1,536,100,000 | 2023 | +2.96% | +1.8% | View data |
| 3 | 3 United Kingdom | 1,465,000,000 | 2023 | +1.19% | +1.98% | View data |
| 4 | 4 Germany | 1,291,800,000 | 2023 | +1.62% | +1.53% | View data |
| 5 | 5 Canada | 1,056,500,000 | 2023 | +2.11% | +2.2% | View data |
| 41 | 41 Honduras | 6,701,000 | 2023 | +1.66% | +1.58% | View data |
| 42 | 42 Vietnam | 5,453,100 | 2023 | -1.67% | +1.01% | View data |
| 43 | 43 Armenia | 5,254,800 | 2023 | -0.18% | -0.18% | |
| 44 | 44 Moldova | 4,501,300 | 2023 | -0.61% | -0.52% | View data |
| 45 | 45 Montenegro | 3,967,200 | 2023 | +2.09% | +0.78% | View data |
