Peptide Skin-Care Eyes Cream Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Product Type (Anti-Aging Eye Creams, Moisturizing Eye Creams, Brightening Eye Creams, and Multi-Functional Eye Creams), By Skin Type (Dry Skin, Sensitive Skin, and Normal Skin), By End-user (Men, and Women), By Sales Channel (Specialty Stores, Convenience Stores, Online Retail, and Offline Retail) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Peptide Skin-Care Eyes Cream Market Size and Forecast 2024 to 2031

The Global Peptide Skin-Care Eyes Cream Market was valued at USD 278.3 Million in 2023 and is anticipated to reach a value of USD 738.2 Million by 2031 expanding at a CAGR of 13.0% between 2024 and 2031.

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Peptide skin-care eyes cream is a kind of specialized cream that utilizes peptides designed to address the concerns of the delicate skin around the eyes. Peptides added to skincare products, to encourage the body to produce more proteins, such as collagen and elastin. Based on product type, the market is classified into anti-aging eye creams, moisturizing eye creams, brightening eye creams, and multi-functional eye creams. This skin care product is suitable for dry, normal, and sensitive skin types. It helps in reducing the appearance of fine lines, wrinkles, dark circles, and puffiness in the eye area. It works instantly to reduce the appearance of fine lines and wrinkles while lifting, depuffing, and firming skin around eyes. This product is enriched with active ingredients such as peptides to address specific concerns and deliver visible results. The peptide skin-care eyes cream market is influenced by factors such as rising consumer awareness, growing aging population, rising disposable income, and increasing prevalence of skin issues.

Peptide Skin-Care Eyes Cream Market Major Driving Forces

Rising Consumer Awareness: The increasing consumer awareness about skincare products is a major factor driving the peptide skin-care eyes cream market growth. The growing consumer awareness and the desire to maintain a youthful appearance are driving the demand for peptide skin-care eyes creams.

Growing Aging Population: With the increasing global aging population, there is an increasing demand for anti-aging products, such as peptide skin-care eyes creams. People are becoming more aware of the effects of wrinkles, and fine lines drives demand for products that can help mitigate these effects.

Rising Disposable Income: Increasing disposable income of consumers is one of the most significant factor propelling the demand for peptide skin-care eyes creams. With the rising disposable incomes, especially in emerging markets, consumers are willing to spend more on premium skincare products.  

Increasing Prevalence of Skin Issues: The increasing prevalence eye skin concerns such as dark circles, fine lines, wrinkles, and puffiness is driving demand for specialized products, such as peptide skin-care eyes creams. Lifestyle changes such as lack of sleep, genetics, sun exposure, and skin aging lead to increase in skin issues.

Peptide Skin-Care Eyes Cream Market Key Opportunities

Product Innovation: Major companies are continuously launching innovations in peptide formulations and packaging to meet consumer needs and differentiate them. The use of innovative ingredients and nanotechnology in response to deliver peptides more effectively to the skin, enhancing their efficacy.

Online Retail and E-commerce Growth: The continued growth of online retail and e-commerce platforms provides an opportunity for peptide skin-care eyes cream manufacturers to expand their reach and tap into a broader customer base. Online sales channels allow for easier product accessibility and global market penetration.

Development of Organic and Natural Products: The growing preference for natural and organic skin care products is expected to create significant opportunities for market expansion. Consumers are increasingly looking for products that are free from chemicals and are made with natural ingredients.

Peptide Skin-Care Eyes Cream Market Key Trends

·         Growing preference for skin care products made with natural and organic ingredients, particularly in skin care products is a major trend

·         Growing focus on developing innovative formulations that consists beneficial ingredients to cater to specific eye concerns

·         Rising popularity of online shopping and penetration of internet and smartphones are major factors boosting market growth

·         Growing trend towards multi-peptide formulations that combine different kinds of peptides to address various skin concerns

·         Increasing penetration of social media and rise of influencer marketing lead to an increase in the sale of male grooming products, including peptide skin-care eyes creams

·         Anti-aging is a dominant trend, with consumers seeking eye creams that specifically target signs of aging

·         Brands are incorporating advanced delivery systems to enhance the efficacy of peptide-based eye creams

·         Advancements in eye skin care technology have led to the development of innovative products that are more effective

Region-wise Market Insights

Asia Pacific accounted for the largest market share at 36.8% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 14.3% between 2024 and 2031.

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Asia Pacific is witnessing rapid growth in the peptide skin-care eyes cream market driven by the rising disposable incomes, growing beauty consciousness, burgeoning middle class, rise in e-commerce platforms, and a booming cosmetics industry in the region. It is further expected to grow significantly in coming years due to high demand for effective eye care products, increasing consumer awareness, and large population base. In North America, the demand is driven by high disposable income levels, increasing awareness, growing preference for natural ingredients, and strong influence from social media. In Europe, the market growth can be attributed to the rise in spending on personal care products, increase in disposable income levels, and growing demand for organic and chemical-free grooming products. The Middle East and Africa has been witnessing a growing demand for peptide skin-care eyes cream due to changing consumer preferences and rising disposable income whereas, in South America, the market is influenced by economic factors, with growing consumer interest in skincare, demand for anti-aging products, and increasing preference for premium products.

Market Competition Landscape

The global peptide skin-care eyes cream market is characterized by high degree of competition among a large number of manufacturers. Key players in the peptide skin-care eyes cream market engage in strategies aimed at gaining a competitive edge. These strategies include product innovation, design differentiation, and the incorporation of sustainable and eco-friendly materials to meet evolving consumer preferences. Established brands leverage their reputation for quality and reliability to maintain market share, while newer entrants focus on disruptive innovations and unique selling propositions.

E-commerce and online retailing has intensified market competition offering a platform for both established and emerging brands to reach a wider customer base. Major players operating in the industry are investing in research and development to create innovative formulations. Additionally, these players are increasingly focusing on using natural ingredients and sustainable packaging.

Key players in the global peptide skin-care eyes cream market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         Estée Lauder Companies

·         Unilever

·         L'Oréal Paris

·         Procter & Gamble

·         Natura&Co

·         Shiseido Co.,Ltd.

·         Johnson & Johnson

·         Colgate-Palmolive Company

·         brandMD. LLC

·         Revision Skincare

·         Eminence organic skin care

·         Peter Thomas Roth Labs LLC

·         Vivier Pharma

·         n z skin care company ltd.