The Next-Generation Personalized Beauty Market Size is valued at USD 2,704.04 million in 2023 and is predicted to reach USD 9,131.90 million by the year 2031 at a 16.9 % CAGR during the forecast period for 2024-2031.
Next-Generation Personalized or customized beauty products are emerging technologies that form an alternative to conventional “one size fits all” products. Companies involved in the manufacturing of personalized beauty products utilize the genetic information and behavior of a person to design customized beauty products for the consumer. Next-Generation Personalized Beauty includes various tailored products such as Skincare, Haircare, Make-up, Fragrances, and Others.
The growing trend in the beauty industry is primarily driving market growth. Rising awareness about personalized beauty products and a growing shift towards customized products based on unique beauty requirements is also expected to fuel the market growth. The increasing consumer expenditure and rising technological innovation in product manufacturing are further projected to drive market growth. In recent years, Rapid Development in genomic sciences to study genetics and characteristics of an individual have to facilitate customized beauty product is expected to show significant market opportunities in upcoming years.
Market Segmentation
The global Next-Generation Personalized Beauty market is segmented on the basis of product, application, and region. Based on the products, the market is divided into Skincare, Haircare, Make-up, Fragrances, and Others. On the basis of application type, the market is segmented into Consultation/digital questionnaires, Apps and specialized hardware, Home test kits, and Others. Based on region, the market is studied across North America, Asia-Pacific, Europe, and LAMEA. Among that Europe held the largest share of the market, followed by America and Asia Pacific. On the other hand, North America is expected to dominate the market during the analysis of the forecast period.
Competitive Landscape
Some Of The Key Players In The Next-Generation Personalized Beauty Market:
- IOMA Paris,
- BITE Beauty,
- Curology,
- Coty Inc.,
- Estée Lauder Inc.,
- insitU Cosmetics Ltd.,
- FitSkin Inc.,
- Ulta Beauty, Inc.,
- Krigler,
- Kiehl’s Apothecary Preparations,
- SkinCeuticals Custom D.O.S.E.,
- Function of Beauty,
- The Buff,
- DermaCare,
- Skin Inc.,
- eSalon,
- Romy Paris,
- CODAGE,
- Duolab,
- Prose,
- Nomige,
- Atolla,
- Ave & Edam,
- Preemadonna Inc.,
- Laboté,
- Orig3n,
- SKINSHIFT,
- Skin Authority,
- NU SKIN,
- Sephora,
- SKINTELLI,
- AN EPIGENCARE BRAND,
- Proven Skincare,
- SkinAI LLC (Our Skin),
- Other Prominent Players
The Next-Generation Personalized Beauty Market Report Scope:
Report Attribute |
Specifications |
Market Size Value In 2023 |
USD 2,704.04 million |
Revenue Forecast In 2031 |
USD 9,131.90 million |
Growth Rate CAGR |
CAGR of 16.9 % from 2024 to 2031 |
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
Historic Year |
2019 to 2023 |
Forecast Year |
2024-2031 |
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
Segments Covered |
By Product, By Application |
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
Competitive Landscape |
IOMA Paris, BITE Beauty, Curology, Coty Inc., Estée Lauder Inc., insitU Cosmetics Ltd., FitSkin Inc., Ulta Beauty, Inc., Krigler, Kiehl’s Apothecary Preparations, SkinCeuticals Custom D.O.S.E., Function of Beauty, The Buff, DermaCare, Skin Inc., eSalon, Romy Paris, CODAGE, Duolab, Prose, Nomige, Atolla, Ave & Edam, Preemadonna Inc., Laboté, Orig3n, SKINSHIFT, Skin Authority, NU SKIN, Sephora, SKINTELLI, AN EPIGENCARE BRAND, Proven Skincare, SkinAI LLC (Our Skin), and Other Prominent Players |
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |