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Global Personalized Skin Care Market Trends, Industry Competition Analysis, Revenue and Forecast to 2030
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According to the latest market study by InsightAce Analytic, the global personalized skincare market is expected to grow at a rapid pace during a forecast period. By region, Europe is expected to dominate the market.
Personalized skincare products are designed and customized by considering various factors such as gender, age, skin type, genetic background, ingredients, skin issues, and the users' working environment. Beauty companies collect consumers' information in the form of questionnaires, a quiz, consultation, digital form, or home test tool kits and utilize advanced technologies and science to offer the best-personalized skincare products. These products consist of a wide range of skincare options, including oils, face creams, lotions, serums, cleansers, and others.
The Growth of the personalized skincare market can be attributed to the technological advancements in beauty industries and the use of AI (Artificial Intelligence) to innovate personalized skincare products, high prevalence of skin and lifestyle diseases across the world, increasing people preference toward personal healthcare, rising consumer expenditure, surging personalized beauty treatments & products, rising R&D activities to develop advanced skincare products. Increasing skin, hair problems, and changing lifestyle patterns have made consumers eagerly seek solutions to their specific skin concerns. Therefore, growing consumer consciousness about skincare is projected to propel market demand in the next few years.
However, the expensive customized skincare products and few side effects associated with these products are estimated to downscale the market expansion in the upcoming years.
Geographically, North America is expected to hold the maximum revenue share of this market over the forecast years due to the rising awareness among the population about personal care and increasing innovations of personalized skincare products.
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Major market players operating in the personalized skin care market include Atolla (US), Ave & Edam (Germany), Bare Anatomy (India), Clinique Laboratories, LLC (US), CODAGE (France), Coty Inc. (US), Curology, Inc. (the US), DermaCare (US), Evrēdā Skincare (Canada), FitSkin Inc (US), Function of Beauty (US), Glory Skincare (US), insitU Cosmetics Ltd. (UK), IOMA Paris (France), It’s The Buff (US), Kiehl’s LLC (US), Kura Skin, Laboté (US), Lancôme (France), L’Occitane Group (France), L’Oréal, Marianna Naturals Corp. (Canada), My Beauty Matches (UK), Neutrogena (US), Romy Paris (France), Sequential Skin (UK), Shiseido Company (Japan), Skin Authority (US), Skin Inc. (Singapore), SkinAI LLC (Our Skin) (US), SkinCeuticals (US), Skinsei Skincare (US), SKINSHIFT (US), SKINTELLI (US), EpigenCare (US), Vitruvi (Canada), Younique, LLC (US), Yours Skincare (US), among others.
Few of the key developments in the market:
• In November 2021, Coty Inc. (US), the world’s largest beauty company, collaborated with Orveda, an ultra-premium skincare brand created in France. The diversity-owned Haute-professional skincare mixes the best of nature with cutting-edge dermatological and biotechnology benefits to help customers achieve a healthy skin glow that rivals makeup.
• In August 2021, Function of Beauty (US), a leader in customizable hair, skin, and body care products, acquired Atolla, a personalized skincare company with a patented at-home skincare test and a data-driven product recommendation system that helps inform tailored formulations and regimens over time.
• In January 2021, Marianna Naturals Corp. (Canada) and Perfect Corp. launched a real-time skin diagnostic tool that analyzes four popular beauty concerns: spots, wrinkles, texture, and dark circles.
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Market Segments
Global Personalized Skin Care Market, by Products, 2020-2030 (Value US$ Mn)
• Face Cream
• Moisturizing Lotion
• Face Serum
• Face Cleanser
• Other Products
Global Personalized Skin Care Market, by Applications, 2020-2030 (Value US$ Mn)
• Consultation/digital questionnaires
• Apps and specialized hardware
• Home test kits
• Other IoT/AI Based technologies
Global Personalized Skin Care Market, by Region, 2020-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global personalized skincare market
To receive an industry overview and future trends of the personalized skincare market
To analyze the personalized skincare market drivers and challenges
To get information on the personalized skincare market value (US$ Mn) forecast to 2030
Major investments, mergers & acquisitions in the personalized skincare market industry
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