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Next-Generation Personalized Beauty Market: Growth Drivers, Key Players, and Market Trends
Next-Generation Personalized Beauty Market
Emerging Projections of Global Next-Generation Personalized Beauty Market and its Growth Rate
• The next-generation personalized beauty market had a rapid expansion from $43 billion in 2024 to $49.09 billion in 2025 (14.2% CAGR).
• The market is estimated to reach $87.14 billion in 2029 at a CAGR of 15.4%.
Key dynamics such as advertising and promotional activities, strong economic growth in emerging markets, increasing disposable income, rapid urbanization, and tech-savvy customers have been significant contributors to this growth.
What Is Driving The Growth In The Next-Generation Personalized Beauty Market?
The next-generation personalized beauty market is primarily driven by increasing demand from e-commerce companies for consumer goods. These companies aim to cater to the growing demand from end customers, thereby incentivizing the rise in demand for personal hygiene products and next-generation personalized beauty market during the forecast period. With consumers 40% more ready to explore new beauty products and brands than they were before the pandemic, a solid digital strategy is critical to maximizing brand discovery potential. Hence, the growing e-commerce market is anticipated to fuel the demand for the next-generation personalized beauty market.
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Who Are the Key Players Driving Next-Generation Personalized Beauty Market Growth?
• Estee Lauder Inc
• Function of Beauty
• Prose
• Curology
• Hims & Hers Health Inc
• Skin Authority
• Bite Beauty
• Esalon
• Codage
• insitU Cosmetics Ltd, among others.
What Are The Key Trends In The Next-Generation Personalized Beauty Market?
• Advertising and promotional activities
• Strong economic growth in emerging markets
• Rising disposable income
What Are The Segments Of The Global Next-Generation Personalized Beauty Market?
• By Product: Skincare, Haircare, Make-Up, Fragrances, Other Products
• By Application: Consultation Or Digital Questionnaires, Apps And Specialized Hardware, Home Test Kits
Which Region Leads The Next-Generation Personalized Beauty Market?
Asia-Pacific was the largest and is expected to be the fastest-growing region in the next-generation personalized beauty market in 2024.
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What Is Covered In The Next-Generation Personalized Beauty Market Global Market Report?
- Market Size Analysis: Analyze the Next-Generation Personalized Beauty Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Next-Generation Personalized Beauty Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Next-Generation Personalized Beauty Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Next-Generation Personalized Beauty Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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