The Eye Make-Up Preparations Market in Madagascar showed fluctuations between 2013 and 2023. With a 2023 end value of 357.2 thousand USD, the market has experienced variable growth. Notably, from 2014 to 2015, the market declined, followed by a robust recovery in 2016. The following years saw alternating upward and downward trends, with slight yearly growths recently. The Compound Annual Growth Rate (CAGR) over the past five years is approximately 1.39%, indicating steady if modest progress.
Future trends to watch for include digital innovation in marketing, sustainable and ethical beauty products becoming more prominent, and the potential rise in local brand participation as the market continues to stabilize and possibly expand.
How does Madagascar 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 |
| 46 | 46 Brunei | 1,225,400 | 2023 | -0.32% | -0.34% | View data |
| 47 | 47 Barbados | 1,020,700 | 2023 | -0.73% | +0.37% | View data |
| 48 | 48 Madagascar | 357,200 | 2023 | +2.17% | +1.39% | |
