Press release
AI In Beauty And Cosmetics Market 2024: Assessing Share, Growth, Demand, Trends, Opportunities, and Future Outlook Through 2033
AI In Beauty And Cosmetics Market
The Business Research Company offers in-depth market insights through AI In Beauty And Cosmetics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The AI in beauty and cosmetics market size has grown exponentially in recent years. It will grow from $3.27 billion in 2023 to $3.97 billion in 2024 at a compound annual growth rate (CAGR) of 21.5%. The growth in the historic period can be attributed to personalized beauty recommendation, skin analysis and diagnostics, virtual makeup artists, social media influences, enhanced customer engagement.
The AI in beauty and cosmetics market size is expected to see rapid growth in the next few years. It will grow to $8.1 billion in 2028 at a compound annual growth rate (CAGR) of 19.5%. The growth in the forecast period can be attributed to AI in product formulation, ai-generated content creation, AI in augmented reality (AR) shopping, smart beauty devices, data-driven personalization, AI in sustainability practices. Major trends in the forecast period include color-matching technologies, virtual try-on technologies, personalized beauty recommendations, chatbots for customer support, AR-based beauty content creation.
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=10556&type=smp
Market Segmentation:
The AI in beauty and cosmetics market covered in this report is segmented -
1) By Type: Personalized Recommendation Tools, Performance Marketing Measurement Platforms, Demand Forecasting And Supply Chain Tools, Real-Time Customer Service Platforms, AI-Based Beauty Devices
2) By Distribution Channel: Specialist Retail Stores, Supermarkets And Hypermarkets, Convenience Stores, Pharmacies, Drug Stores, Online Retail, Other Distribution Channels
3) By End-User: Skincare, Haircare, Make-up, Fragrances, Other End-Users
Major Driver - Surging Demand For Personalized Beauty Spurs Growth In AI-Driven Beauty And Cosmetics Market
The growing demand for personalized beauty and cosmetic products is expected to propel the growth of AI in the beauty and cosmetics market going forward. Personalized beauty and cosmetic products are customized to each customer's unique needs and tastes, including ingredients, textures, perfumes, and packaging. AI is significant in generating personalized beauty and cosmetic experiences by utilizing data analysis, picture recognition, formulation optimization, and virtual try-on technologies. For instance, in April 2023, according to statistics sourced from Euromonitor International 2023 published on the official website of the International Trade Administration, U.S. Department of Commerce, beauty and personal care sales in China hit $88 billion in 2021, a 10% increase over the previous year. Therefore, the growing demand for personalized beauty and cosmetic products is driving the growth of AI in the beauty and cosmetics market.
Competitive Landscape:
Major companies operating in the AI in beauty and cosmetics market report are Procter & Gamble Company, Pure & Mine, L'Oréal S.A., Sephora Inc., Beiersdorf AG, Shiseido Co. Ltd., InsightAce Analytic, Elizabeth Arden Inc., OpenAI LP, GAN-powered solution, Anokai, EpigenCare Inc., Novi, Perfect Corp., ChatGPT, Lottie London, Banuba Inc., Luna Fofo, Revieve, Ciaté London, mySKIN, Haut.AI, YOUS Skincare, My Beauty Matches, Youth Laboratories, Brand Agency London, Econsultancy, Opte Wand, Perso Limited
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/ai-in-beauty-and-cosmetics-global-market-report
Top Trend - AI-Powered Technology To Elevate The Beauty Shopping Experience
Major companies in the AI in beauty and cosmetics market are focused on developing AI-powered technology, such as virtual try-on technology, to elevate the beauty shopping experience and maximize their profits in the market. Virtual try-on technology is a digital tool that employs augmented reality (AR) to simulate the appearance of products, allowing users to preview and experience them virtually before making a purchase. For instance, in December 2021, Nykaa, an India-based e-commerce beauty company, with L'Oreal, a France-based cosmetics company, launched the ModiFace, the AI-powered virtual try-on technology. The technology, available on Nykaa's website and mobile app, provides photo-realistic results and shade calibration for makeup enthusiasts. Using an advanced face tracker algorithm, it automatically simulates each shade through Augmented Reality (AR), providing a real-time, true-to-life view of the products based on AI analysis of information from makeup brands and social media.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. AI In Beauty And Cosmetics Market Characteristics
3. AI In Beauty And Cosmetics Market Trends And Strategies
4. AI In Beauty And Cosmetics Market - Macro Economic Scenario
5. AI In Beauty And Cosmetics Market Size And Growth
…..
27. AI In Beauty And Cosmetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release AI In Beauty And Cosmetics Market 2024: Assessing Share, Growth, Demand, Trends, Opportunities, and Future Outlook Through 2033 here
News-ID: 3411144 • Views: …
More Releases from The Business research company
Trends in Growth, Segment Analysis, and Competitive Strategies Influencing the M …
The meal replacement market is gaining significant momentum as consumer preferences shift toward convenient and health-focused nutrition solutions. With rising awareness about preventive healthcare and personalized diets, this sector is set for considerable expansion. Let's explore how the market size is expected to evolve, who the key players are, emerging trends, and the main segments driving this growth.
Projected Growth Trajectory of the Meal Replacement Market Size
The meal replacement…
Leading Companies Reinforcing Their Presence in the Malted Barley Market
The malted barley industry is positioned for steady expansion as demand grows across various sectors. With increasing interest from craft brewers and functional food producers, this market is set to experience meaningful growth driven by innovation and sustainability efforts. Let's dive into the current market size, key players shaping the industry, trends influencing its trajectory, and detailed segment insights.
Projected Market Size and Growth Outlook of the Malted Barley Market …
Future Perspective: Key Trends Shaping the Low-calorie Food Market up to 2030
The low-calorie food market is poised for significant expansion as consumer preferences shift toward healthier eating habits and more personalized nutrition options. Advances in product innovation and supportive regulatory frameworks are expected to drive rapid growth over the coming years. Here's an overview of the market size, key players, emerging trends, and segmentation shaping this evolving industry.
Projected Expansion of the Low-calorie Food Market Size Through 2030
The low-calorie food…
Competitive Landscape: Leading Companies and New Entrants in the Liquid Nutritio …
The liquid nutritional supplement sector is on the rise, driven by evolving consumer preferences and innovations in health and wellness. With growing awareness about personalized nutrition and preventive healthcare, this market is set to witness substantial growth over the coming years. Let's explore the market's projected size, major players, emerging trends, and key segments shaping this dynamic industry.
Projected Market Value and Growth Trajectory of the Liquid Nutritional Supplement Market …
More Releases for Beauty
Logunova Beauty Salon Announces Health-Conscious Beauty Innovation at Los Angele …
Logunova Beauty Salon revolutionizes the Los Angeles beauty industry through health-conscious innovations, international expertise, and comprehensive luxury services that set new standards for client wellness and aesthetic excellence in Downtown Los Angeles.
Downtown Los Angeles experiences a significant wellness transformation with Logunova Beauty Salon's announcement of health-conscious beauty innovations that redefine industry standards throughout the California market. The premier beauty salon [https://www.google.com/maps?&q=beauty+salon&cid=6449958440430743645] continues to establish new benchmarks for luxury beauty services…
Beauty Subscription Boxes Market Size in 2023 To 2029 | Boxycharm, Ipsy Glam Bag …
This Beauty Subscription Boxes research report highlights on the main market players increasing in the market; it follows their business approaches, economic position, and future products. High growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for…
Beauty Tech on the Rise : Beauty Devices Market
The global Beauty Devices Market market is estimated to attain a valuation of US$ 48.8 Bn by the end of 2023, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 6% during the forecast period, 2023-2031.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders…
Beauty Devices Market: Growing Applications of Beauty Devices in Healthcare to D …
Beauty devices are made and sold for the purpose of enhancing the physical attractiveness of users. These devices come in handy and are very useful for the cosmetic usage area including skin related issues, such as acne, wrinkles and scars usage areas among others. The market for beauty device is expected to witness huge growth due to changing consumer psyche towards beauty and wellness and increasing prevalence of age-related skin…
Global Beauty Instrument Market Growth Will Escalate Rapidly till 2024 by Top Ve …
Global Beauty Instrument Market brings a systematic perspective of the market execution in worldwide and additionally the regional situation. In a detailed sections shrewd arrangement, the Beauty Instrument contemplate that make sense of different perspectives relating to the global market. To begin with, the Beauty Instrument market definition, applications, arrangement, and industry esteem chain structure are incorporated into the answer, to target gathering of people on restricting Beauty Instrument market…
Global Beauty Instrument Market 2018 Stryker, Medtronic, Johnson & Johnson, Beau …
Beauty Instrument Market Summary
Global Beauty Instrument Market Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2018 - 2025' to its vast database of research reports. This intelligence study focuses on the current market trends and development patterns, in order to assist the new entrants in discovering market opportunities and develop effective ways to expand their presence in the global market.
Get a Sample PDF Report : https://is.gd/tjJnMl
This research report provides…
