According to the latest research by InsightAce Analytic, the global Personalized Skin Care market is valued at US$ 17.2 billion in 2021, and it is expected to grow with a CAGR of 9.7% during a forecast period of 2022-2030. 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.
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.
The key players of this market include 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