Business
False Eyelashes Market Size by Global Major Companies Profile, and Key Regions 2028
The global false eyelashes market size is projected to reach USD 1.96 billion by 2028 and exhibit a CAGR of 6.5% during the forecast period. The increasing trend of customized eyelashes and regular eyelash-related marketing campaigns by major companies are expected to boost market growth. Fortune Business InsightsTM has presented this information in its report titled, “False Eyelashes Market, 2021-2028”. The market size stood at USD 1.14 billion in 2020 and USD 1.26 billion in 2021.
Additionally, the increasing popularity of do-it-yourself (DIY) strip lashes is anticipated to boost the product demand and fuel the market growth in the coming years.
COVID-19 Impact-
Eye Makeup Trend Amid COVID-19 Pandemic to Boost Market
The market has been moderately impacted by the coronavirus pandemic. Shutdown of hypermarkets and salons due to strict lockdowns and curfews to prevent coronavirus spread has affected the market growth. Moreover, supply chain disruptions and limited human hair supplies have negatively impacted the market growth. However, grooming and hygiene-related product demand augmented during the pandemic as people mostly remained confined to their homes. The demand for eye makeup increased during the pandemic, which helped the market to experience a limited impact of the pandemic.
List of Key False Eyelashes Market Players:
- American International Industries (California, U.S.)
- Kiss Products Inc. (Washington, U.S.)
- Qingdao Lashbeauty Cosmetic Co. Ltd. (Qingdao, China)
- PT. Royal Korindah (Central Java, Indonesia)
- TGP Growth II Management, LLC (Texas, U.S.)
- L’Oreal S.A. (Paris, France)
- LVHM (Paris, France)
- Shiseido Co. Ltd. (Tokyo, Japan)
- Qingdao Eunice Cosmetics Co. (Qingdao, China)
- SY LASHES (Qingdao, China)
- Miranda Lashes Inc. (Qingdao, China)
- Ulta Beauty Inc. (Illinois, U.S.)
Report Coverage-
- It highlights market’s major players and the recent industry developments.
- It showcases the different strategies adopted by key players to capture growth.
- It assimilates the different market segments.
- It covers regional analysis of the market.
- It describes the impact of the coronavirus pandemic on the market.
Drivers & Restraints-
Regular Eyelash-related Marketing Campaigns by Companies to Fuel Market Growth
The increasing emphasis on customer engagement by major companies and their eyelashing tool launches are expected to boost the global false eyelashes market growth substantially. Many companies are offering virtual eye lashing applications to augment their product revenues. Additionally, regular launches of ingenious and creative material-based false eyelashes are expected to fuel the market growth. For instance, Tori Belle Cosmetics LLC. launched innovative ‘Magnetude Illusion’ magnetic eyelashes and ‘Magnetude’ magnetic mascara in October 2019 globally.
The growing trend of using customized eyelashes is estimated to positively influence market growth. Moreover, regular eyelash-related marketing campaigns by major companies are expected to boost the market growth.
However, cases of eye infections due to the usage of certain compounds may hinder the market growth.
Regional Insights-
High Consumer Expenditure on Beauty Products to Augment Growth in Asia Pacific
Asia Pacific is projected to attain the largest global false eyelashes market share. The large manufacturing plants in Indonesia and China are expected to be a key factor driving the region’s market growth. Additionally, the high consumer expenditure on beauty products from South Korea and Japan is anticipated to bolster the region’s market growth.
North America is expected to showcase rapid growth in the forthcoming years. The rising promotion activities across Canada and the U.S. by lash companies and celebrities to magnify business revenues are anticipated to fuel the region’s market growth.
Europe is expected to witness substantial growth in the global market. The high consumer inclination toward premium material-based false eyelashes in Spain, Italy, and the U.K. boosts the region’s market growth.
South America and the Middle East & Africa are estimated to exhibit considerable growth due to evolving grooming and beauty trends.
Segments–
On the basis of product type, the market is fragmented into individual single, individual flare, strip lashes, and others. On the basis of material, the market is segmented into synthetic hair, human hair, and others. On the basis of distribution channel, the market is categorized into online stores, specialty stores, hypermarkets & supermarkets, and others. Geographically, the market is classified into South America, Europe, North America, Asia Pacific, and the Middle East & Africa.
Competitive Landscape-
Key Players Adopt Partnerships and Collaborations to Amplify Business Revenues
The major market players emphasize new product launches to attract new customers and augment their consumer bases and revenues. They focus on business expansion, partnerships, collaborations, and others to amplify their market penetration. For instance, Huda Beauty and Kahlana Barfield collaborated in August 2019 to develop innovative, event-specific, and synthetic fake eyelashes.
Industry Development-
- September 2020: Jenna Lyons partnered with Troi Ollivierre to launch a line of faux eyelashes called ‘LoveSeen’.
Browse Detailed Summary of Research Report
https://www.fortunebusinessinsights.com/false-eyelashes-market-106573
Business
Why do Businesses Need Human resource Consulting Services?
Human resource consulting firms play a vital role in today’s business landscape. They offer several key benefits and importance to organizations:
Expertise and Specialization:
HR consultants bring specialized knowledge and expertise to the table. They stay up-to-date with the latest HR trends, best practices, and legal regulations. This expertise is precious for businesses without dedicated HR staff or require support in complex HR areas.
Cost-Effective Solutions:
Engaging HR consultants can often be more cost-effective than hiring and maintaining an in-house HR department. Businesses can access high-quality HR services as needed, reducing fixed labor costs.
Customization:
HR consultants tailor their services to meet the specific needs of each client. Whether recruitment, employee training, or policy development, consultants design solutions that align with the organization’s unique goals and challenges.
Objective Perspective:
Consultants offer an objective and impartial perspective on HR matters. They can provide insights and recommendations without being influenced by internal biases or politics, which can be valuable for making difficult HR decisions.
Efficiency and Productivity:
HR consultants can streamline HR processes, making them more efficient. This can improve productivity, as employees spend less time on administrative tasks and more on strategic activities.
Compliance and Risk Management:
HR consultants help organizations comply with labor laws and regulations, reducing the risk of legal issues, fines, and reputational damage. They also assist in implementing best practices for risk management.
Strategic Focus:
Organizations can free up their internal resources by outsourcing HR tasks to consultants to focus on core business activities and strategic initiatives. This can lead to improved business performance and growth.
Scalability:
HR consulting firms can adapt to an organization’s changing needs. Whether a business is expanding, downsizing, or facing other transitions, consultants can provide flexible HR solutions to support these changes.
Access to Technology:
Many HR consulting firms have access to advanced HR technology and software solutions that may be cost-prohibitive for smaller organizations to implement independently. This technology can enhance HR processes and data management.
Talent Acquisition and Development:
HR consultants excel in talent acquisition and development. They can help organizations attract top talent, assess employee potential, and implement training and development programs to improve workforce skills.
Confidentiality:
HR consultants are bound by confidentiality agreements, ensuring that sensitive HR issues and employee data are handled with discretion and professionalism.
Conflict Resolution:
Consultants can mediate and assist in resolving workplace conflicts and issues, promoting a harmonious work environment.
Global Expertise:
For businesses with international operations, HR consultants with global expertise can help navigate the complexities of international HR regulations and practices.
In summary, human resources consulting firms provide valuable support to organizations by offering expertise, cost-effective solutions, and a strategic approach to managing their workforce.
Their ability to adapt to changing needs, ensure compliance, and improve HR processes makes them an essential resource for businesses looking to thrive in today’s competitive environment.
Business
PayPal quietly reintroduces $2,500 “misinformation” fine
Not long after issuing an apology and retracting a $2,500 fine to its users, PayPal has quietly re-introduced the fine into their terms of service and legal agreements.
If enforced, the leading payment processor could fine users the hefty $2,500 sum for spreading “misinformation,” or “hate”, or whatever they deem “unfit for publication.”
While the wording has been changed up, the company has listed several things they would consider fining users over, purely based on speech:
PayPal restricted and prohibited activities
- The promotion of hate, violence, racial or other forms of intolerance that is discriminatory or the financial exploitation of a crime
- Items that are considered obscene
- Certain sexually oriented materials or services
- Act in a manner that is defamatory, trade libelous, threatening or harassing
- Provide false, inaccurate or misleading information
The original documents, which PayPal said were published in error, had much looser language on what would get users fined $2,500 over – namely the “sending, posting, or publication” of any “messages, content, or materials” that are “harmful, obscene, harassing, or objectionable.”
PayPal has seemingly taken a firm stance against adult / pornographic content in both policies, while the former prohibited things that “depict or appear to depict nudity, sexual or other intimate activities” the new policy vaguely prohibits “certain sexually oriented materials or services.”
Finance
Employee Retention Tax Credit 2022
The employee retention tax credit 2022 (ERC) is a tax credit available to employers who keep and retain their employees. The credit is available to employers with 100 or fewer full-time employees. It applies to qualifying wages paid to employees during the business’s first quarter.
If your business is a small business, you can use Form 941-X to claim the credit retroactively.
Employers with 100 or fewer full-time employees
Employers with 100 or fewer employees are eligible to claim a refundable payroll tax credit called the Employee Retention Tax Credit.
This credit was created by Congress under the CARES Act to encourage employers to retain employees. It was originally set to expire on January 1, 2022, but Congress has extended the credit twice. This means that eligible employers can still claim the credit for their taxes for 2020 and 2021.
The credit is limited to wages paid between March 12 and Sept. 30, 2021. In addition, wages paid under the Paycheck Protection Program (PPP) cannot qualify for the credit. The credit amount is limited to $5,000 per full-time employee in 2020. In 2021, it increases to $7,000 per quarter, with a total credit of up to $21,000 per employee.
Paycheck Protection Program loans are not eligible for the employee retention tax credit
The Employee Retention Credit (ERC) is a tax break for businesses that offer a payroll protection program for their employees. Until recently, employers could not qualify for both programs at the same time. But the new legislation has changed this and now businesses can take advantage of both programs.
To receive the credit, employers must file a Form 941-X, or Adjusted Employer’s Quarterly Federal Tax Return, for each quarter that an employee was a PPP borrower.
The credit is based on wages paid between March 13 and Dec. 31, 2020. For the third quarter of each year, the credit is available for up to $10,000 per employee.
Qualified wages are based on the quarter the business began
To qualify as a severely distressed employer, your business must have had a 90% decline in gross receipts in the previous year.
You must have employed at least one person during this time. The CARES Act does not apply to businesses that are still operating, but it does apply to those that have ceased operations and declined in gross receipts.
Form 941-X is used to retroactively file
The IRS has recently released a new form called Form 941-X. The new form is designed to be filed retroactively and corrects any mistakes that you may have made in filing your original Form 941.
The form must be filed no later than two years after you paid the tax. To file this form, you will need to mail it to the IRS. The IRS does not have the capability to accept it online. If you’ve made significant changes to your business, you may be eligible to claim the ERC. The ERC is equal to 6.4% of the wages you paid to employees during the credit generating period. This credit is not available to corporations with more than 500 employees
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