Press release
Personalized Skin Care Market Exclusive Report with Detailed Study Analysis
According to the latest market study by InsightAce Analytic, the global Personalized Skin Care Market Size is valued at USD 22.5 Billion in 2024 and is predicted to reach USD 63.7 Billion by the year 2034 at a 11.4% CAGR during the forecast period for 2025-2034.
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Personalized skincare products are developed through a customized approach that takes into account factors such as gender, age, skin type, genetic background, specific skin concerns, and the user's environmental conditions. Beauty companies collect consumer data via questionnaires, quizzes, consultations, digital forms, or home test kits, and then employ advanced technologies and scientific methods to formulate tailored skincare solutions. These offerings encompass a broad range of products, including oils, face creams, lotions, serums, and cleansers.
The growth of the personalized skincare market can be attributed to the technological advancements in beauty industries and the use of AI (Artificial Intelligence) to innovate personalized skincare products, high prevalence of skin and lifestyle diseases across the world, increasing people preference toward personal healthcare, rising consumer expenditure, surging personalized beauty treatments & products, rising R&D activities to develop advanced skincare products. Increasing skin, hair problems, and changing lifestyle patterns have made consumers eagerly seek solutions to their specific skin concerns. Therefore, growing consumer consciousness about skincare is projected to propel market demand in the next few years.
However, the expensive customized skincare products and few side effects associated with these products are estimated to downscale the market expansion in the upcoming years.
Geographically, North America is expected to hold the maximum revenue share of this market over the forecast years due to the rising awareness among the population about personal care and increasing innovations of personalized skincare products.
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Major market players operating in the personalized skin care market include Atolla (US), Ave & Edam (Germany), Bare Anatomy (India), Clinique Laboratories, LLC (US), CODAGE (France), Coty Inc. (US), Curology, Inc. (the US), DermaCare (US), Evrēdā Skincare (Canada), FitSkin Inc (US), Function of Beauty (US), Glory Skincare (US), insitU Cosmetics Ltd. (UK), IOMA Paris (France), It's The Buff (US), Kiehl's LLC (US), Kura Skin, Laboté (US), Lancôme (France), L'Occitane Group (France), L'Oréal, Marianna Naturals Corp. (Canada), My Beauty Matches (UK), Neutrogena (US), Romy Paris (France), Sequential Skin (UK), Shiseido Company (Japan), Skin Authority (US), Skin Inc. (Singapore), SkinAI LLC (Our Skin) (US), SkinCeuticals (US), Skinsei Skincare (US), SKINSHIFT (US), SKINTELLI (US), EpigenCare (US), Vitruvi (Canada), Younique, LLC (US), Yours Skincare (US), among others.
Few of the key developments in the market:
• In November 2021, Coty Inc. (US), the world's largest beauty company, collaborated with Orveda, an ultra-premium skincare brand created in France. The diversity-owned Haute-professional skincare mixes the best of nature with cutting-edge dermatological and biotechnology benefits to help customers 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.
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Market Segments
Global Personalized Skin Care Market, by Products, 2020-2030 (Value US$ Mn)
• Face Cream
• Moisturizing Lotion
• Face Serum
• Face Cleanser
• Other Products
Global Personalized Skin Care Market, by Applications, 2020-2030 (Value US$ Mn)
• Consultation/digital questionnaires
• Apps and specialized hardware
• Home test kits
• Other IoT/AI Based technologies
Global Personalized Skin Care Market, by Region, 2020-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Personalized Skin Care Market, by Country, 2020-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
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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 a 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.https://www.insightaceanalytic.com/images_data/148861653.JPG
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