The German Eye Make-Up Preparations market has shown a relatively steady growth trajectory, albeit with fluctuations. From 2013 to 2023, the market grew from $1.0305 billion to $1.2918 billion, reflecting a gradual, though uneven ascent. Notably, the market witnessed minor downturns, such as in 2020 with a -3.28% drop, likely due to impacts from the COVID-19 pandemic. However, rebounding effectively, the market reached a value of $1.2918 billion in 2023, marking a 1.62% year-on-year increase, with an overall average annual growth rate (CAGR) of 1.53% over the past five years.
Looking forward into the forecasted data from 2024 to 2028, the market is projected to continue its upward trend, reaching $1.3993 billion by 2028. This reflects a forecasted five-year CAGR of 1.26% and an aggregated growth rate of 6.46% over the period. These projections indicate a continued but moderate expansion of the market.
Future trends to watch for include digital transformation in marketing channels, consumer preference for sustainable and organic products, and potential market disruptions from geopolitical or economic variabilities.