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Next-Generation Personalized Beauty Market Growth Insights and Competitive Landscape of Leading Global Players and Emerging Brands
Next-Generation Personalized Beauty Market
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 comprises the sales of customized beauty products and services provided by sole proprietorships, corporations, and partnerships. This market emphasizes delivering solutions tailored to the specific needs and preferences of individual consumers, encompassing a wide array of offerings, including cosmetics, haircare, skincare-such as body lotions-and fragrances.
Among these, personalized haircare, skincare, makeup, and fragrance products represent the most prominent segments. Personalized skincare, in particular, relies on a detailed assessment of a consumer's skin type and condition, enabling the provision of products specifically designed to address unique requirements.
Market expansion is largely driven by heightened consumer awareness and concern regarding various dermatological conditions, including acne, cold sores, blisters, and hives, which may be hereditary, asymptomatic, chronic, or painful. With nearly one-third of the global population affected by skin-related issues-positioning them as the fourth most prevalent health concern worldwide-there is a growing demand for personalized beauty solutions that effectively address these challenges. Industry players are increasingly pursuing strategic partnerships and collaborations to broaden and diversify their offerings in the personalized beauty segment.
Additionally, the COVID-19 pandemic has positively impacted market dynamics by intensifying consumer focus on wellness and self-care, resulting in increased demand for beauty and personal care products. This heightened emphasis on personal grooming and overall health is anticipated to continue supporting the growth trajectory of the next-generation personalized beauty market.
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Europe is expected to remain the dominant contributor to the Next-Generation Personalized Beauty market throughout the forecast period. This growth is primarily driven by increasing consumer awareness of dermatological conditions such as acne, blisters, cold sores, and hives. Furthermore, rising education and understanding of personalized beauty solutions tailored to individual needs are projected to reinforce market expansion in the region.
Similarly, the Asia Pacific market is anticipated to witness significant growth in the Next-Generation Personalized Beauty sector over the forecast period. The rapid expansion of the beauty and personal care industry in this region, combined with heightened consumer focus on skin health, is fueling demand for customized skincare products. In addition, advancements in genomic research, which allow for more precise insights into individual genetic and physiological characteristics, are expected to create substantial opportunities for the personalized beauty segment in the Asia Pacific market in 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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