Global Personalized Skin Care Products Market Size To Worth USD 68.24 Billion By 2033 | CAGR of 9.27%
Category: Consumer GoodsGlobal Personalized Skin Care Products Market Size To Worth USD 68.24 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Personalized Skin Care Products Market Size Was Valued at USD 28.12 Billion in 2023 and is Expected to reach USD 68.24 Billion By 2033, Growing at a CAGR of 9.27% from 2023 to 2033
Get more details on this report -
Browse key industry insights spread across 230 pages with 100 Market data tables and figures & charts from the report on the "Global Personalized Skin Care Products Market Size, Share, and COVID-19 Impact Analysis, By Product (Face Care and Body Care), By Gender (Male and Female), By Type (Mass and Premium), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/personalized-skin-care-products-market
The sector focused on developing, producing, and promoting skincare products tailored to each individual's distinct skin type, concerns, and preferences is known as the global market for personalized skin care products. Some of the factors that are commonly used to customize these products include skin analysis, genetic information, lifestyle, and environmental circumstances. Additionally, governments all over the world are actively supporting the customized skin care product business through a variety of initiatives designed to encourage innovation and accessibility. Initiatives like Startup India in India, which use tailored skincare products to assist companies like Vedix and SkinKraft to thrive, encourage startups in the beauty and wellness sector. The governments of countries like the US and Europe are also giving biotechnology and AI research and development a lot of attention because these technologies are crucial for customizing skincare products. These programs are enhancing customer options, shaping the industry's course, and promoting advancements in the market for customized beauty. However, the market for customized skin care products is on the rise, but there are several obstacles that could stop it from expanding further. Customized formulae and testing can be expensive; therefore, some purchasers may find bespoke items less accessible because of price concerns. The market reach may also be constrained by the scarcity of customized skincare treatments in particular areas or among particular populations.
The face care segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period.
Based on the product, the global personalized skin care products market is classified into face care and body care. Among these, the face care segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period. Face care products are a vital part of many people's routines since they nourish, heal, and enhance the condition of the skin. This is why they have grown in popularity. Face care products are now widely used by individuals of all ages thanks to social media sites like Facebook, Instagram, and others. Sunscreen is one of the most widely used and recommended face care products.
The female segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the gender, the global personalized skin care products market is categorized into male and female. Among these, the female segment accounted for the highest share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. Women's increasing need for skin care products that are tailored to their individual needs is the main cause of this trend. The closing of the spending gap between the use of traditional and customized skin care products has also contributed to the segment's growth.
The mass segment dominates the market in 2023 and is projected to grow at a notable CAGR during the forecast period.
Based on the type, the global personalized skin care products market is divided into mass and premium. Among these, the mass segment dominates the market in 2023 and is projected to grow at a notable CAGR during the forecast period. The market is growing because of the strong demand from consumers worldwide for customized skincare products. Both online and offline retailers provide a wide range of affordable, customized skincare items in large quantities.
The offline segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period.
Based on the distribution channel, the global personalized skin care products market is categorized into online and offline. Among these, the ofline segment held a dominant share in 2023 and is expected to grow at a notable CAGR during the forecast period. This channel offers a variety of products for sale under both domestic and foreign brands. Supermarkets and hypermarkets, which are offline channels, are conveniently located in the center of the city. Customers usually use these channels to buy skincare products since they provide them with access to a large range of businesses.
Europe is anticipated to hold the largest share of the global personalized skin care products market over the projected timeframe.
Get more details on this report -
Europe is anticipated to hold the largest share of the global personalized skin care products market over the predicted timeframe. This supremacy can be attributed to the region's strong emphasis on digital transformation and the use of industry practices. Additionally, Europe's aging workforce has spurred the need for automation and innovation in skincare solutions, including tailored products. The extensive use of advanced technology and collaborative robots, or cobots, further solidifies the region's leadership in this field.
Asia Pacific region is expected to grow the fastest during the forecast period, The primary forces behind this rapid growth are government initiatives to increase competitiveness through innovation and growing industrial digitization. The use of advanced industrial technology, such as AI-driven robotics and smart sensors, is accelerating in countries like China and India. For the tailored skincare industry, these technologies are indispensable.
Major key players in the personalized skin care products market include, PROVEN, Function of Beauty, L’Oréal Groupe, Curology, It’s The Buff, The Estée Lauder Companies Inc., Amway Corp, Coty Inc., AUGUST SKINCARE, Others.
Recent Development
- In November 2023, The All-In-One Personalized Serum was introduced by PROVEN Skincare, the leader in customized skincare. The serum provides specific advantages based on each person's particular skin requirements.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global personalized skin care products market based on the below-mentioned segments:
Global Personalized Skin Care Products Market, Product
- Face Care
- Body Care
Global Personalized Skin Care Products Market, By Gender
- Male
- Female
Global Personalized Skin Care Products Market, By Type
- Mass
- Premium
Global Personalized Skin Care Products Market, By Distribution Channel
- Online
- Offline
Global Personalized Skin Care Products Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?