Emerging Trends Influencing The Growth Of The Next-Generation Personalized Beauty Market: Revolutionizing Personalized Beauty With AI-Driven Recommendations

The Next-Generation Personalized Beauty Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Next-Generation Personalized Beauty Market Size Expected to Be by 2034?
The market size for next-generation personalized beauty has seen swift growth in the past few years. It is projected to expand from $43 billion in 2024 to $49.09 billion in 2025, with a compound annual growth rate (CAGR) of 14.2%. The significant growth during the historical period is due to factors such as advertising and promotional campaigns, robust economic development in emerging markets, and an increase in disposable income.

The market size for personalized beauty products of the next generation is anticipated to expand swiftly in the coming years, reaching a value of $87.14 billion in 2029 with a compound annual growth rate (CAGR) of 15.4%. The projected growth within this timeframe is largely due to factors such as rapid urbanization, swift rise in e-commerce, and the prevalence of technologically adept consumers and businesses. The forecast period is also set to see primary trends such as enhanced advertising and promotional activities, robust economic growth in developing markets, and an increase in disposable income.

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What Are the Emerging Segments Within the Next-Generation Personalized Beauty Market?
The next-generation personalized beauty market covered in this report is segmented -

1) By Product: Skincare, Haircare, Make-Up, Fragrances, Other Products
2) By Application: Consultation Or Digital Questionnaires, Apps And Specialized Hardware, Home Test Kits

Subsegments:
1) By Skincare: Moisturizers, Serums, Cleansers, Exfoliants, Masks And Treatments
2) By Haircare: Shampoos, Conditioners, Hair Treatments, Styling Products
3) By Make-Up: Foundation, Lip Products, Eye Products, Blush And Highlighter
4) By Fragrances: Perfumes, Body Mists, Home Fragrances
5) By Other Products: Beauty Tools And Accessories, Sun Care Products, Men's Grooming Products, Personalized Beauty Devices

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What Long-Term Drivers Are Shaping Next-Generation Personalized Beauty Market Trends?
The boom in the e-commerce industry, primarily driven by consumer goods to meet the escalating needs of customers, is projected to spur the demand for personal hygiene products and consequently, fuel the demand for the next-generation personalized beauty market in the anticipated period. Logistic delivery providers are crucial for e-commerce businesses, and currently, various logistic companies are catering to their requirements. According to Digital Commerce 36, a renowned US-based media and research organization focusing on e-commerce, US e-commerce sales shot from $1.040 trillion in 2022 to $1.119 trillion in 2023 and this increased sales figure was recorded in February 2024. Owing to more efficient supply chains and diminished delivery times, the need for last-mile delivery in the e-commerce sector is expected to fuel the demand for consumer items. This, in turn, will create more demand for next-generation personalized beauty offerings. With a 40% increase in consumers' willingness to try new beauty products and brands since the onset of the pandemic, a robust digital strategy becomes indispensable to leverage brand discovery opportunities to its full potential. Virtual storefronts have immensely benefited in evolving e-commerce from simple product catalogs to dynamic, ever-changing arenas that intriguingly resemble a physical retail space, thereby offering a significant edge for online beauty businesses. Therefore, the flourishing e-commerce industry is foreseen to propel the demand for the next-generation personalized beauty market.

Who Are the Top Competitors in Key Next-Generation Personalized Beauty Market Segments?
Major companies operating in the next-generation personalized beauty market include Estee Lauder Inc, Function of Beauty, Prose, Curology, Hims & Hers Health Inc, Skin Authority, Bite Beauty, Esalon, Codage, insitU Cosmetics Ltd, Lancome, Giorgio Armani Beauty, Kiehl's, Olay, Baccarose Perfumes & Beauty, Kanha Nature Oils, CKC Fragrances, Deon Pro Corporation, Flavaroma, Zhuhai Jiaxinkang Pharmaceutical Technology Co Ltd, Guangzhou Phero Perfume Co Ltd, Shandong Yingyang Flavors & Fragrances Co Ltd, Kao Chemicals, Takasago International Corporation, Guangzhou MT perfume Company, Zhejiang Qianliang Cosmetics Co Ltd, Guangzhou Baihua Flavors And Fragrances Company Ltd, Barry M Cosmetics, Beiersdorf UK Ltd, HC MedSpa, BEEVER Personal Care, Dendron Brands Ltd, Richards and Appleby Ltd, Skin Health Spa, Design Plus Health & Beauty Ltd, Famille Grasse Parfums, Dina Cosmetics France, Mikrocaps D.O. O, BASF SE, Firmenich SA, Solvay, Robertet Group, Symrise AG, Givaudan, Akvion JSC, Eleutere-Parfum Ltd, Atlantic Cosmetics (Atlantic Group), Tereza-Inter LLC, Verona Products Professional Sp. Z O.O, Binalex, Gabriella Salvete S.R.O, Paul's Bohemia Trading S.R.O, Hero Cosmetics, Momentive Performance Materials Inc, Ashland Inc, Stepan Company, Avon Products Inc, ROCSA, Surya Brasil, Natura & Co, Dacov Cosmeticos, Unilog Universal Logistics, Columbia Cosmetics, GlamBox ME, Huda Beauty, Glamazle, Source Beauty, Lavido, Gamila Secret, Beauty Treat, GlowByCindy, Fyzzoworld Skincare, Organic Therapy, Charlotte Rhys, Mented Cosmetics, Esse Skincare

What Are the Major Trends Shaping the Next-Generation Personalized Beauty Market?
Businesses in the forward-looking bespoke beauty sector are concentrating on creating innovative products to enhance their product range and increase their future-oriented personalized beauty offerings. For instance, in June 2024, Unilever, a British consumer goods company, introduced BeautyHub PRO. This AI-enabled platform employs computer vision technology to evaluate up to 30 visual data points. This breakthrough enables BeautyHub PRO to offer customized product suggestions from various Unilever beauty brands, assisting customers in locating products that meet their unique needs. This AI-led strategy not only improves the customer journey, but also drives Unilever's beauty collection's expansion by providing more focused and impactful product suggestions.

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Which Regions Are Becoming Hubs for Next-Generation Personalized Beauty Market Innovation?
Asia-Pacific was the largest region in the next-generation personalized beauty market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the next-generation personalized beauty market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Next-Generation Personalized Beauty Market?
2. What is the CAGR expected in the Next-Generation Personalized Beauty Market?
3. What Are the Key Innovations Transforming the Next-Generation Personalized Beauty Industry?
4. Which Region Is Leading the Next-Generation Personalized Beauty Market?

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