Next-Generation Personalized Beauty Global Market Size, Share, Trends, Growth And Forecast 2023-2032 | Major Players: Ulta Beauty, Proven Skincare, BITE Beauty, Curology, Estée Lauder

As per The Business Research Company's Next-Generation Personalized Beauty Opportunities And Strategies Market Report 2023, the global next-generation personalized beauty market size grew from $33.23 billion in 2022 to $37.79 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the next-generation personalized beauty market is expected to grow to $63.34 billion in 2027 at a CAGR of 13.8%.

The growing concern of consumers regarding skin problems such as acne, cold sores, blisters, and hives across the globe is contributing to the growth of the next-generation personalized beauty market. Skin diseases can be temporary or permanent, painless or painful, and situational or genetic. With the increasing number of skin disorders, people are becoming more conscious of their skin and opting for personalized services and products to overcome skin problems. According to the Medscape report 2020, approximately 50 million Americans suffer from acne each year, with 80 percent of Americans having acne at some point in their lives. Further, around 50 million men and 30 million women are suffering from hair loss due to skin diseases. Skin diseases rank fourth among the most common causes of all human illnesses, which affect around one-third of the world's population. The increase in skin problems among consumers is demanding more personalized solutions, driving the market for next-generation personalized beauty.

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Companies in the next-generation personalized beauty market are strategically partnering and collaborating with other companies to broaden their product portfolios and expand their next-generation personalized beauty products. For example, in April 2021, Revieve, a US-based company engaged in offering personalized products, services, and treatments, entered into a partnership with BABOR, a Germany-based company offering customized skin care solutions to its customers. In July 2021, AptarGroup, Inc., the a US-based personal care, beauty, and pharmaceutical company, entered into a strategic collaboration with Yan An Tang, a China-based company that offers customized, personalized skincare products, nursing programs, and one-on-one skincare consultations.

Next-Generation Personalized Beauty Market Segmentation:
The next-generation personalized beauty market market is segmented by product and by type of application .
By Product -
a) Skincare
b) Haircare
c) Make-Up
d) Fragrances

By Application -
a) Consultation/Digital Questionnaires
b) Apps And Specialized Hardware
c) Home Test Kits

Major players in the next-generation personalized beauty market market include Ulta Beauty, Proven Skincare, BITE Beauty, Curology, Estée Laude.

The regions covered in the global next-generation personalized beauty market market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Next-Generation Personalized Beauty Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Next-Generation Personalized Beauty Market Report Table Of Content
1. Executive Summary
2. Next-Generation Personalized Beauty Market Characteristics
3. Next-Generation Personalized Beauty Market Trends And Strategies
4. Next-Generation Personalized Beauty Market - Macro Economic Scenario
5. Next-Generation Personalized Beauty Market Size And Growth
……
26. Africa Next-Generation Personalized Beauty Market
27. Next-Generation Personalized Beauty Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Next-Generation Personalized Beauty Market
29. Next-Generation Personalized Beauty Market Future Outlook and Potential Analysis
30. Appendix

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