The Personalized Skin Care Market Size is valued at 18.55 Billion in 2022 and is predicted to reach 43.43 Billion by the year 2031 at a 10.1 % CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
- The increasing prevalence of skin conditions such as acne, eczema, and psoriasis is driving demand for customized treatment options.
- An ageing population is seeking personalized anti-ageing products to address specific skin ageing concerns.
- North America dominated the market and accounted for a global revenue share in 2023.
- Customizing products for individual needs requires a more complex and flexible manufacturing process, which can be challenging and costly.
Personalized Skin Care products are more commonly referred to as customized products based on skin type that utilizes technology and science to offer a personalized skin assessment through a quiz, Consultation/digital questionnaires, or Home test kits. These products generally intended for topical application contains active ingredients such as Vitamins & Minerals, Collagen, Carotenoid, Co-enzymes with benefits for improved skin health. This tailored skincare line includes a wide range of products, including Face Cream, Moisturizing Lotion, Face Serum, Face Cleanser, and Other Products, which are specifically based on user genetic background, skin type, skin condition, and environmental impact.
Shifting trends towards Personalized Skin Care products on account of increasing awareness among consumers along with the availability of personalized beauty products based on unique beauty requirements, age, skin conditions such as acne and eczema personal care products is projected to show significant market growth during the forecast period. Rising research and development activities in Personalized Skin Care are expected to offer lucrative growth during the forecast period. The increasing consumer expenditure, expanding technological innovation, and emergence of Artificial Intelligence to Personalize Skin Care regime is further expected to witness significant demand during the upcoming years.
Competitive Landscape
Some Of The Key Players In The Personalized Skin Care Market:
- Atolla,
- Ave & Edam,
- Bare Anatomy,
- Clinique Laboratories, LLC,
- CODAGE,
- Coty Inc.,
- Curology, Inc.,
- DermaCare,
- Evrēdā Skincare,
- FitSkin Inc,
- Function of Beauty,
- Glory Skincare,
- insitU Cosmetics Ltd.,
- IOMA Paris,
- It’s The Buff,
- Kiehl’s LLC,
- Kura Skin,
- Laboté,
- Lancôme,
- L’Occitane Group,
- L’Oréal,
- Marianna Naturals Corp.
- My Beauty Matches,
- Neutrogena,
- Nomige,
- NU SKIN,
- Orig3n,
- PROVEN Skincare,
- Romy Paris,
- Sequential Skin,
- Shiseido Company,
- Skin Authority,
- Skin Inc.,
- SkinAI LLC (Our Skin),
- SkinCeuticals,
- Skinsei Skincare,
- SKINSHIFT,
- SKINTELLI,
- AN EPIGENCARE BRAND,
- Vitruvi,
- Younique, LLC,
- Yours Skincare
- Other Prominent Players
Market Segmentation
The Global Personalized Skin Care Market is segmented on the basis of product, application, and region. Based on the products, the market is divided into Face Cream, Moisturizing Lotion, Face Serum, Face Cleanser, and Other Products. On the basis of application type, the market is segmented into Consultation/digital questionnaires, Apps and specialized hardware, Home test kits, and other IoT/AI-Based technologies. 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.
Recent Developments:
- In May 2024, L’Oréal unveiled new technologies, including generative AI and enhanced skin testing, alongside its latest advancements in skin technology for product testing and development. The French cosmetics giant's most recent Skin Technology was rumored to have the most realistically recreated human skin model to date, which was expected to greatly enhance research and product development.
The Personalized Skin Care Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 18.55 Billion |
|
Revenue Forecast In 2031 |
USD 43.43 Billion |
|
Growth Rate CAGR |
CAGR of 10.1 % from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Billion and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
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 |
Atolla, Ave & Edam, Bare Anatomy, Clinique Laboratories, LLC, CODAGE, Coty Inc., Curology, Inc., DermaCare, Evrēdā Skincare, FitSkin Inc, Function of Beauty, Glory Skincare, insitU Cosmetics Ltd., IOMA Paris, It’s The Buff, Kiehl’s LLC, Kura Skin, Laboté, Lancôme, L’Occitane Group, L’Oréal, Marianna Naturals Corp., My Beauty Matches, Neutrogena, Nomige, NU SKIN, Orig3n, PROVEN Skincare, Romy Paris, Sequential Skin, Shiseido Company, Skin Authority, Skin Inc., SkinAI LLC (Our Skin), SkinCeuticals, Skinsei Skincare, SKINSHIFT, SKINTELLI, AN EPIGENCARE BRAND, Vitruvi, Younique, LLC, Yours Skincare 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. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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