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Next-Generation Personalized Beauty Market Drivers and Challenges Shaping Future Industry Growth and Innovation
Next-Generation Personalized Beauty Market Assessment
According to the latest research by InsightAce Analytic, the global Next-Generation Personalized Beauty market is valued at USD 3.12 Billion in 2024, and it is expected to reach USD 14.83 Billion by the year 2034, with a CAGR of 17.0% during a forecast period of 2025-2034.
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The next-generation personalized beauty market encompasses sales of customized beauty products and services offered by sole proprietorships, organizations, and partnerships. This market focuses on delivering products and services tailored to the individual needs of each consumer. It includes a broad range of offerings such as cosmetics, haircare, skincare-including body lotions-and fragrances. Among these, personalized haircare, skincare, makeup, and fragrance products are the most prevalent. Personalized skincare, a key segment within this market, involves a comprehensive understanding of the client's skin type and conditions, enabling the selection of products specifically suited to their unique requirements.
The growth of the next-generation personalized beauty market is largely driven by increasing consumer awareness and concern regarding various skin conditions, including acne, cold sores, blisters, and hives. These conditions may be hereditary, asymptomatic, chronic, or painful, prompting a rising demand for individualized treatment solutions. With approximately one-third of the global population affected by skin issues-making it the fourth most common human health concern-there is a growing preference for personalized beauty products that address specific skin challenges. Companies operating within this sector are strategically engaging in partnerships and collaborations to expand and diversify their personalized beauty product portfolios.
Furthermore, the COVID-19 pandemic positively influenced the market by accelerating consumer focus on wellness and self-care, which led to increased demand for beauty and personal care products. This heightened attention to personal grooming and health is expected to continue driving growth in the next-generation personalized beauty market.
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Europe is projected to be the leading contributor to the Next-Generation Personalized Beauty market throughout the forecast period. The region's growth is driven by heightened consumer awareness of skin conditions such as acne, blisters, cold sores, and hives. Additionally, increasing education and understanding of personalized beauty solutions tailored to individual needs are expected to further support market expansion.
Similarly, the Asia Pacific region is anticipated to experience substantial growth in the Next-Generation Personalized Beauty market during the forecast period. The rapid development of the beauty industry in this region, coupled with growing concerns about skin health, is accelerating demand for personalized skincare products. Moreover, advancements in genomic sciences that enable a deeper exploration of individual genetics and characteristics are creating significant opportunities for the personalized beauty segment in the Asia Pacific market over the coming years.
Major market players operating in the Next-Generation Personalized Beauty market include FitSkin Inc., Ulta Beauty, Inc., Krigler, Kiehl's Apothecary Preparations, SkinCeuticals Custom D.O.S.E., IOMA Paris, BITE Beauty, Curology, Coty Inc., Estée Lauder Inc., insitU Cosmetics Ltd., Function of Beauty, The Buff, DermaCare, Skin Inc., eSalon, Romy Paris, CODAGE, Duolab, Prose, Nomige, Atolla, SKINTELLI, AN EPIGENCARE BRAND, Proven Skincare, SkinAI LLC (Our Skin), Ave & Edam, Preemadonna Inc., Laboté, Orig3n, SKINSHIFT, Skin Authority, NU SKIN, Sephora, and Other Prominent Players
Recent collaborations and agreements in the market:
• In July 2021, a strategic alliance was established between Yan An Tang, a Chinese company that offers customized, individualized skincare products, nursing programs, and one-on-one skincare consultations, and AptarGroup, Inc., a personal care, beauty, and pharmaceutical company with headquarters in the United States.
• In June 2021, Apostrophe was acquired by Hims & Hers Health, Inc. for an undisclosed sum. This American business offers customized health and wellness services to clients through a multi-speciality telehealth platform.
• In April 2021, Revieve, a company based in the US that offers customized goods, services, and therapies, partnered with BABOR, a business based in Germany that offers clients individualized skin care options.
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Market Segments
Global Next-Generation Personalized Beauty Market, by Products, 2022-2030 (Value US$ Mn)
• Skincare
• Haircare
• Make-up
• Fragrances
• Others
Global Next-Generation Personalized Beauty Market, by Application, 2022-2030 (Value US$ Mn)
• Consultation/digital questionnaires
• Apps and specialized hardware
• Home test kits
• Others
Global Next-Generation Personalized Beauty Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Next-Generation Personalized Beauty Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Next-Generation Personalized Beauty Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Next-Generation Personalized Beauty Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Next-Generation Personalized Beauty Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Next-Generation Personalized Beauty Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Next-Generation Personalized Beauty market
To receive an industry overview and future trends of the Next-Generation Personalized Beauty market
To analyze the Next-Generation Personalized Beauty market drivers and challenges
To get information on the Next-Generation Personalized Beauty market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Next-Generation Personalized Beauty market industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-next-generation-personalized-beauty-market-assessment/1043
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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