What is the global market size of Personalized Skin Care Products Market?

Personalized Skin Care Products Market size was valued at USD 17.2 billion in 2021 and is poised to grow from USD 18.87 billion in 2022 to USD 39.57 billion by 2030, growing at a CAGR of 9.7% in the forecast period (2023-2030).

Global Personalized Skin Care Products Market

Personalized Skin Care Products Market Size, Share, Growth Analysis, By Product Type(Moisturiser, clean service, toner, serum), By Mode of purchase(Online and offline), By Skin type(Dry, oily combination, sensitive skin, and others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30L2112 | Region: Global | Published Date: July, 2024
Pages: 198 | Tables: 92 | Figures: 76

Personalized Skin Care Products Market News

Coty Inc. and Orveda, a French skincare company known for its ultra-premium products, teamed in November 2022. To help customers attain a healthy skin shine that surpasses makeup, the diversity-owned haute-professional skincare blends the best of nature with state-of-the-art biotechnology and dermatological benefits.
In June 2022, DSM and Firmenich, two major players in the personal care industry, joined forces to combine their expertise and resources in scientific research and development in the field of beauty and wellness. Through a business combination agreement, the companies aim to establish themselves as the leading innovators in the industry by creating a new entity, DSM-Firmenich. The collaboration between the two industry giants seeks to bring together their strengths to become a leading partner in the creation and development of innovative beauty and wellness products.

Personalized Skin Care Products Market Report Snapshots

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Personalized Skin Care Products Market size was valued at USD 18.87 billion in 2022 and is poised to grow from USD 20.70 billion in 2023 to USD 43.41 billion by 2031, at a CAGR of 9.7% during the forecast period (2024-2031).

The market for personalized skincare products is highly competitive and dynamic, with fresh entrants joining the market and established companies introducing new services and items. The market is marked by the existence of prominent brands that have a broad range of offerings and a solid reputation, as well as smaller firms that concentrate on specific niches within the market. 'L’Oréal SA', 'Procter & Gamble Co.', 'Unilever PLC', 'Shiseido Company, Limited', 'Estée Lauder Companies Inc.', 'Johnson & Johnson Services, Inc.', 'Kao Corporation', 'Avon Products, Inc.', 'Coty Inc.', 'Colgate-Palmolive Company', 'Beiersdorf AG', 'Amway Corporation', 'Henkel AG & Co. KGaA', 'Revlon, Inc.', 'Oriflame Holding AG', 'Mary Kay Inc.', 'Clarins SA', 'Sephora USA Inc.', 'The Body Shop International Limited', 'The Estée Lauder Companies Inc.'

The growing incidence of skin conditions like acne, rosacea, and eczema has resulted in an increased demand for personalized skincare products that are specifically designed to cater to these concerns for the consumers.

There is a rising trend in the personalized skincare market towards utilizing technology and digital solutions, like artificial intelligence and machine learning, to examine skin data and develop customized skincare routines.

The personalized skin care product market in 2021 is seeing North America as the most dominant region, holding a significant share of the market. Key factors driving growth in the region include the presence of major players, rising awareness among consumers about personalized skincare, and a growing preference for natural and organic ingredients.

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Personalized Skin Care Products Market Size, Share, Growth Analysis, By Product Type(Moisturiser, clean service, toner, serum), By Mode of purchase(Online and offline), By Skin type(Dry, oily combination, sensitive skin, and others), By Region - Industry Forecast 2024-2031

Personalized Skin Care Products Market News

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