InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the ” “Next-Generation Personalized Beauty Market by Product Types (Skincare, Haircare, Make-up, Fragrances, Others), Application (Consultation/digital questionnaires, Apps and specialized hardware, Home test kits, Others) – Market Trends, Competitive Landscape, Revenue and Forecast To 2034.”
According to the latest research report version by InsightAce Analytic, the global Next-Generation Personalized Beauty Market Size is valued at USD 3.12 Billion in 2024 and is predicted to reach USD 14.83 Billion by the year 2034 at a 17.0% CAGR during the forecast period for 2025-2034.
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Alternatives to conventional multipurpose products are personalized cosmetic products. Utilizing a person’s genetic information and behavior to create customized cosmetic products for the consumer is included. Teenagers’ beauty knowledge is still developing, and their preferences fluctuate frequently; therefore, they need guidance and expertise to navigate the beauty market. Next-Generation Personalized Beauty encompasses a variety of customized products, including Skincare, Haircare, Fragrances, and Cosmetics, among others.
The Next-Generation Personalized Beauty sector includes a diverse range of tailored products such as skincare, haircare, fragrances, and cosmetics. For instance, the skincare brand Proven integrates consumer data into its artificial intelligence (AI) platform, which analyzes insights from over 100,000 products, more than 4,000 scientific publications, and over 8 million testimonials to recommend the most suitable ingredients for users.
., in order to provide users with the most relevant ingredients.
In addition, businesses are increasingly attempting to personalize and differentiate their products.
Primarily, the growing trend in the beauty industry is driving market growth; increasing awareness of personalized beauty products to meet specific beauty needs is also expected to propel market growth. It is anticipated that technological advances in customized cosmetic products will propel the market forward.
Regionally, Europe held the greatest share of the global market, followed by the United States and Asia-Pacific. North America, on the other hand, is anticipated to dominate the market during the forecast period.
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Global Next-Generation Personalized Beauty market reports feature prominent players like Ulta Beauty, Inc., Proven Skincare, BITE Beauty, Coty Inc., BASF Care Creations, Curology, Estée Lauder Inc., Function of Beauty, insitU Cosmetics Ltd., FitSkin Inc., Krigler, Kiehl’s Apothecary Preparations, CODAGE, SkinCeuticals Custom D.O.S.E., SKINSHIFT, FitSkin Inc., DermaCare Skin Inc., eSalon, Romy Paris, Duolab, Prose, Nomige, Atolla, Ave & Edam, Preemadonna Inc., Laboté, Orig3n, Skin Authority, NU SKIN, IOMA Paris, Sephora, SKINTELLI, AN EPIGENCARE BRAND , SkinAI LLC (Our Skin) , L’Oréal S.A., L’Occitane Groupe SA, Unilever PLC, Kendo Holdings, Inc., Preemadonna Inc., Shiseido Company, Limited, Amorepacific Corporation and Other Prominent Players.
Key developments in the market:
- In Sept 2021, Coty, Inc. revealed a multi-channel partnership contract with Perfect Corp. Through this partnership, Company plans to reinforce its offering in virtual try-on, online skin diagnostics and data-driven personalization for brands consisting of CoverGirl, Sally Hansen and philosophy, as well as for Coty’s broad fragrance portfolio.
- In Aug 2021, Sephora relaunched its in-store color IQ foundation matching service with new artificial intelligence technology to find the best foundation match for the customers. It includes scanning the skin with a unique lens that leverages AI (computer vision). Sephora also installed a digital mirror at its flagship store in Madrid to deliver personalized recommendations through AI.
- In Aug 2021, Function of Beauty acquired Atolla; the expansion revolutionizes beauty through customization and data science.
- In 2020, Loreal unveiled Perso for skincare; this 3-in-1 device will be able to create custom formulas for lipstick and foundation.
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Market Segments
Global Next-Generation Personalized Beauty Market by Product Revenue (US$ Billion) Forecast 2025-2034
- Skincare
- Haircare
- Make-up
- Fragrances
- Others
Global Next-Generation Personalized Beauty Market Based on Application Revenue (US$ Billion) Forecast 2025-2034
Consultation/digital questionnaires
- Apps and specialized hardware
- Home test kits
- Others
Global Next-Generation Personalized Beauty Market, by Region, 2025-2034 (Value US$ Bn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Next-Generation Personalized Beauty Market, by Country, 2025-2034 (Value US$ Bn)
- The U.S.
- Canada
Europe Next-Generation Personalized Beauty Market, by Country, 2025-2034 (Value US$ Bn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Next-Generation Personalized Beauty Market, by Country, 2025-2034 (Value US$ Bn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Next-Generation Personalized Beauty Market, by Country, 2025-2034 (Value US$ Bn)
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa Next-Generation Personalized Beauty Market, by Country, 2025-2034 (Value US$ Bn)
- South Africa
- GCC Countries
- Rest of the Middle East & Africa
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