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Global Personalized Skincare Market Size, Share and Trends Analysis Report 2024-2031
According to the latest market research report, the global personalized skincare market size was valued at US$ 17.2 Billion in 2021, and it is expected to reach US$ 38.9 Billion in 2030, recording a promising CAGR of 9.7% from 2022 to 2030.
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Due to the fact that each person's skin type is unique, consumers require a medication that is tailored to their specific requirements. The design and customization of personalized skincare products consider factors such as age, gender, skin type, genetic background, ingredients, skin conditions, and user experience. Using advanced technology and science, beauty companies capture consumer information through questions, queries, consultations, digital format, or home inspection tools to create the most popular personalized skincare products. These products include various hygiene options, such as oils, face creams, lotions, serums, and cleansers. High prevalence of skin and lifestyle diseases worldwide, increasing people's choice in personal health care, rising consumer spending, rising R&D activities to develop advanced skincare products, increasing personalized beauty treatments and effects, and the use of AI (artificial intelligence) to create cost-effective personalized skincare p As a result of the proliferation of skin, hair, and lifestyle changes, consumers are eager to discover solutions for their specific skin issues. The market is anticipated to be driven by increasing consumer awareness of hygiene products in the coming years. However, the high prices of customized skincare products and the small number of adverse effects associated with these products are projected to impede market expansion over the forecast period.
The COVID-19 pandemic has had a detrimental effect on the beauty and cosmetics industry due to lockdown restrictions in numerous nations. Covid-19 has also encouraged the entire cosmetics industry to transition online. The Covid-19 pandemic has accelerated consumer trends and pushed online activities to become more prevalent than offline activities, resulting in consumers' desires for various products.
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The prominent players in the personalized skincare industry include:
Atolla (the US), Ave & Edam (Germany), Bare Anatomy (India), Clinique Laboratories, LLC (the US), CODAGE (France), Coty Inc. (the US), Curology, Inc. (the US), DermaCare (the US), Evrēdā Skincare (Canada), FitSkin Inc (the US), Function of Beauty (the US), Glory Skincare (the US), insitU Cosmetics Ltd. (UK), IOMA Paris (France), It's The Buff (the US), Kiehl's LLC (the US), Kura Skin, Laboté (the US), Lancôme (France), L'Occitane Group (France), L'Oréal, Marianna Naturals Corp. (Canada), My Beauty Matches (UK), Neutrogena (the US), Romy Paris (France), Sequential Skin (UK), Shiseido Company (Japan), Skin Authority (the US), Skin Inc. (Singapore), SkinAI LLC (Our Skin) (the US), SkinCeuticals (the US), Skinsei Skincare (the US), SKINSHIFT (the US), SKINTELLI (the US), EpigenCare (the US), Vitruvi (Canada), Younique, LLC (the US), Yours Skincare (the US), and other prominent players.
Key Industry Developments from Leading Players:
• In November 2021, Coty Inc. (US), the world's largest beauty company, collaborated with Orveda, an ultra-premium skincare brand made in France. The diversity-owned Haute-professional skincare offers the combination of the best of nature with cutting-edge dermatological and biotechnology benefits to help consumers 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
Personalized Skincare MarketRegional Analysis:
North America is projected to hold the highest revenue share of the personalized skincare market over the forecast years due to the rising awareness among the population about personal care, growing healthcare expenditure, and increasing innovations of personalized skincare products. Apart from this, Asia-pacific is estimated to be the rapidly growing regional market in the coming years, owing to the rising health-conscious people, growing skin problems, and increasing R&D investments to innovate effective and safe skincare products.
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The Global Personalized Skincare Market Segments:
The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Products
• Face Cream
• Moisturizing Lotion
• Face Serum
• Face Cleanser
• Other Products
The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Applications
• Consultation/digital questionnaires
• Apps and specialized hardware
• Home test kits
• Other IoT/AI Based technologies
The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Region
• Europe
• North America
• Latin America
• Asia Pacific
• Middle East & Africa
North America Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030
• U.S.
• Canada
Europe Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030
• Brazil
• Mexico
• Rest of Latin America
The Middle East & Africa Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030
• GCC Countries
• South Africa
• Rest of the Middle East & Africa
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