Global Personalized Skincare Market worth $ 38.9 Billion by 2030 - Exclusive Report by InsightAce Analytic

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Jan 24, 2022, 06:00 ET

JERSEY CITY, N.J., Jan. 24, 2022 /PRNewswire/ -- The newly published report titled "Global Personalized Skincare Market– By Trends, Industry Competition Analysis, Covid-19 Analysis, Revenue (US$ Billions) and Forecast Till 2030." of InsightAce Analytic showcases in-depth industry analysis and an extensive study on the market forecast, exploring its significant factors.

According to the latest market research report, the global personalized skincare market size was valued at US$ 17.2 Billion in 2021, and it is expected to reach US$ 38.9 Billion in 2030, recording a promising CAGR of 9.7% from 2022 to 2030.

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Every person's skin type is different, so instead of the usual way of shopping, consumers need a medication tailored to their own needs. Personalized skincare products are designed and customized, taking into account various factors such as age, gender, skin type, genetic background, ingredients, skin problems, and user experience. Beauty companies collect consumer information in the form of questions, queries, consultations, digital format, or home inspection tools and use advanced technology and science to provide the most popular personalized skincare products. These products contain a variety of skincare options, including oils, face creams, lotions, serums, cleansers, and more. The technological advances in the beauty industry, adoption of the Internet and social media platforms by users to market products, high prevalence of skin and lifestyle diseases worldwide, increasing people's choice in personal health care, rising consumer spending, rising R&D activities to develop advanced skincare products, surging personalized beauty treatments and products, and the use of AI (Artificial Intelligence) to develop cost-effective personalized skincare products are expected to drive the market growth opportunities in the coming years. The proliferation of skin, hair, and lifestyle changes has made consumers eager to find solutions to their specific skin problems. Therefore, growing consumer awareness about skincare is expected to fuel the market demand over the next few years. However, the high rates of customized skincare products and the few side effects associated with these products are estimated to slow down market growth over the forecast period.

The COVID-19 pandemic has had a negative impact on the beauty and cosmetics industry due to lockdown restrictions in various countries across the globe. However, Covid-19 has also encouraged the entire beauty industry to move online. The Covid-19 pandemic has accelerated existing consumer trends and propelled online activities to be more prevalent than offline activities, which produced the desires for various products in the consumers.

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The prominent players in the personalized skincare industry include:

Atolla (the US), Ave & Edam (Germany), Bare Anatomy (India), Clinique Laboratories, LLC (the US), CODAGE (France), Coty Inc. (the US), Curology, Inc. (the US), DermaCare (the US), Evrēdā Skincare (Canada), FitSkin Inc (the US), Function of Beauty (the US), Glory Skincare (the US), insitU Cosmetics Ltd. (UK), IOMA Paris (France), It's The Buff (the US), Kiehl's LLC (the US), Kura Skin, Laboté (the US), Lancôme (France), L'Occitane Group (France), L'Oréal, Marianna Naturals Corp. (Canada), My Beauty Matches (UK), Neutrogena (the US), Romy Paris (France), Sequential Skin (UK), Shiseido Company (Japan), Skin Authority (the US), Skin Inc. (Singapore), SkinAI LLC (Our Skin) (the US), SkinCeuticals (the US), Skinsei Skincare (the US), SKINSHIFT (the US), SKINTELLI (the US), EpigenCare (the US), Vitruvi (Canada), Younique, LLC (the US), Yours Skincare (the US), and other prominent players.

Key Industry Developments from Leading Players:

In November 2021, Coty Inc. (US), the world's largest beauty company, collaborated with Orveda, an ultra-premium skincare brand made in France. The diversity-owned Haute-professional skincare offers the combination of the best of nature with cutting-edge dermatological and biotechnology benefits to help consumers achieve a healthy skin glow that rivals makeup
In August 2021, Function of Beauty (US), a leader in customizable hair, skin, and body care products, acquired Atolla, a personalized skincare company with a patented at-home skincare test and a data-driven product recommendation system that helps inform tailored formulations and regimens over time
In January 2021, Marianna Naturals Corp. (Canada) and Perfect Corp. launched a real-time skin diagnostic tool that analyzes four popular beauty concerns: spots, wrinkles, texture, and dark circles

Personalized Skincare MarketRegional Analysis:

North America is projected to hold the highest revenue share of the personalized skincare market over the forecast years due to the rising awareness among the population about personal care, growing healthcare expenditure, and increasing innovations of personalized skincare products. Apart from this, Asia-pacific is estimated to be the rapidly growing regional market in the coming years, owing to the rising health-conscious people, growing skin problems, and increasing R&D investments to innovate effective and safe skincare products.

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The Global Personalized Skincare Market Segments:

The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Products

Face Cream
Moisturizing Lotion
Face Serum
Face Cleanser
Other Products

The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Applications

Consultation/digital questionnaires
Apps and specialized hardware
Home test kits
Other IoT/AI Based technologies

The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Region

Europe
North America
Latin America
Asia Pacific
Middle East & Africa

North America Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

U.S.
Canada

Europe Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

Germany
France
Italy
Spain
Russia
Rest of Europe

Asia Pacific Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

India
China
Japan
South Korea
Australia & New Zealand

Latin America Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

Brazil
Mexico
Rest of Latin America

The Middle East & Africa Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

GCC Countries
South Africa
Rest of the Middle East & Africa

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Other Related Reports Published by InsightAce Analytic:

Global Beauty Ingestible Market

Global Microbiome in Skincare Market

Global Next-Generation Personalized Beauty Market

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