Artificial Intelligence (AI) In Beauty and Cosmetics Market is Likely to Increase at a Significantly High CAGR during Forecast Period 2031 | Aiir Ltd.,Perfect Corp., HiMirror, L'Oréal S.A

Global artificial intelligence (AI) in beauty and cosmetics market is anticipated to grow at a significant CAGR of 19.6% during the forecast period (2024-2031). AI-powered skincare tools use computer vision and machine learning algorithms to analyze skin conditions, provide personalized skincare recommendations, and enable virtual try-ons and makeup simulations. It additionally analyze skin tone, undertones, and other factors to recommend personalized makeup shades. AI-powered recommendation engines analyze consumer data to provide personalized product suggestions. AI technologies aid in ingredient analysis and formulation optimization, supporting beauty companies develop innovative products. AI-driven chatbots and virtual advisors provide personalized beauty advice and answer product-related questions. Facial recognition technology tracks skin condition changes, enabling users to monitor skincare effectiveness.

Recent developments in the market:

· In January 2023, Estée Lauder Companies launched its Voice-Enabled Makeup Assistant (VMA) app, an AI-powered mobile app designed to assist visually impaired users in applying makeup more confidently.

· In September 2022, Perfect Corp launched new AI tech that enables beauty brands to make personalised product recommendations tailored to consumers' personality traits. A new addition to his suite of AI and AR-powered SaaS solutions.

· In December 2021, Nykaa launched AI-powered virtual try-on tech'ModiFace' for beauty shoppers. The ModiFace's virtual try-on technology utilizes an advanced face tracker algorithm to provide a real-time, true-to-life view of virtual cosmetics for safety and hygiene in the post-pandemic globe.

To Request a Sample of our Report on Artificial Intelligence (AI) In Beauty and Cosmetics Market: https://www.omrglobal.com/request-sample/ai-in-beauty-and-cosmetics-market

Market Coverage

• The market number available for - 2023-2031

• Base year- 2023

• Forecast period- 2024-2031

Segment Covered-

· By Product

· By Application

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- Aiir Ltd.,Perfect Corp., HiMirror, L'Oréal S.A, and Unilever Group among others.

Artificial Intelligence (AI) In Beauty and Cosmetics Market Report Segment

By Product

• Personalized Recommendation Tools

• Performance Marketing Measurement Platforms

• Demand Forecasting and Supply Chain Tools

• Real-time Customer Service Platforms

• AI-based Beauty Devices

By Application

• Skincare

• Haircare

• Make-up

• Fragrances

• Others (Nail Care,Oral Care, and Body Care)

A full Report of Artificial Intelligence (AI) In Beauty and Cosmetics Market is Available @ https://www.omrglobal.com/industry-reports/ai-in-beauty-and-cosmetics-market

Artificial Intelligence (AI) In Beauty and Cosmetics Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• Aiir Ltd.

• Amorepacific Corp.

• Beiersdorf AG

• Coty Inc.

• Estée Lauder Co.

• FOREO

• HiMirror

• Johnson & Johnson Services, Inc.

• L'Oréal S.A

• Meitu, Inc.

• ModiFace Inc.

• Nu Skin Enterprises Inc.

• Perfect Corp.

• Posh, Inc.

• Proven

• Revieve

• Shiseido Cosmetics

• SkinVision

• Unilever Group

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/ai-in-beauty-and-cosmetics-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.