The personalized beauty devices market size is expected to see steady growth in the next few years. It will grow to $1.46 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The anticipated growth in the forecast period is expected to be fueled by several key factors. These include an increased emphasis on sustainability in the beauty industry, expansion of target demographics to reach a broader audience, regulatory support and the establishment of standards for personalized beauty devices, and a heightened focus on enhancing user experience.
The burgeoning awareness surrounding skincare is poised to drive significant growth within the personalized beauty devices market in the foreseeable future. Skin care practices encompass a range of routines aimed at maintaining skin health, appearance, and vitality. This heightened awareness stems from various factors, including the influence of social media, a societal shift towards self-care and wellness, celebrity endorsements, and the proliferation of online beauty resources. As individuals become more cognizant of their skin's unique needs and the benefits of personalized skincare regimens, there is a growing demand for innovative solutions tailored to address specific skin concerns. For instance, projections from the Hollywood Mirror Company in December 2023 indicate substantial growth in skincare sales revenue, with the United Kingdom's skincare market expected to reach significant figures by 2024, fueled by substantial investments in beauty industry advertising.
Leading companies in the personalized beauty devices market are focusing on developing cutting-edge products such as HAPTA to cater to the rising demand for personalized skincare solutions. HAPTA, equipped with sophisticated sensors and motion-stabilizing technology, ensures steady and precise makeup application by maintaining applicator level and adapting to the user's position. Launched by L'Oréal S.A. in January 2023, HAPTA aims to enhance accessibility and inclusivity in beauty by accommodating individuals with various mobility limitations. With ergonomic design and smart motion controls, this device offers customizable attachments to enhance user comfort and flexibility.
In August 2021, Function of Beauty bolstered its skincare offerings through the acquisition of Atolla Skin Health Inc., a move aimed at leveraging Atolla's patented skin testing and data-driven product recommendation system. This strategic acquisition enables Function of Beauty to enhance its personalized skincare offerings by integrating Atolla's advanced skincare technology with its proprietary formulations and automated manufacturing capabilities. Atolla Skin Health Inc., known for its personalized beauty devices, adds valuable expertise to Function of Beauty's portfolio, positioning the company for continued innovation and growth in the personalized beauty market.
Major companies operating in the personalized beauty devices market report are Johnson & Johnson, Procter & Gamble Co., Unilever PLC, L'Oréal S.A., Koninklijke Philips N.V., Colgate-Palmolive Company, Estée Lauder Companies Inc., Kao Corporation, Beiersdorf AG, Amway Corporation, Shiseido Company, Limited, Coty Inc., Amorepacific Corporation, Mary Kay Inc., Nu Skin Enterprises, Inc., L'Occitane Groupe SA, The Body Shop International Limited, Revlon, Inc., Kendo Holdings, Inc., Foreo AB, Tria Beauty, Inc., COSMEDIX, DERMAFLASH, Preemadonna Inc., ZIIP Beauty.
North America was the largest region in the personalized beauty devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the personalized beauty devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the personalized beauty devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Personalized beauty devices are sophisticated tools or gadgets designed to address individual skincare requirements. These devices utilize a range of technologies, including artificial intelligence, sensors, data analysis, and connectivity, to provide tailored solutions for skincare routines. By harnessing these technologies, personalized beauty devices offer customized skincare solutions that cater to the specific needs of each user.
The primary products offered by personalized beauty devices include skincare, makeup, fragrances, and nail care. Skincare involves the practice of maintaining and enhancing the health and appearance of the skin. Services related to skincare may encompass both at-home and in-store treatments. Skincare products are distributed through various sales channels including direct sales, modern trade, departmental stores, specialty stores, online retailers, mono-brand stores, and other avenues. Additionally, skincare solutions are utilized for consultation purposes, digital questionnaires, mobile applications, and various other applications aimed at providing personalized skincare regimens.
The personalized beauty devices market research report is one of a series of new reports that provides personalized beauty devices market statistics, including personalized beauty devices industry global market size, regional shares, competitors with personalized beauty devices market share, detailed personalized beauty devices market segments, market trends, and opportunities, and any further data you may need to thrive in the personalized beauty devices industry. This personalized beauty devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The personalized beauty devices market includes revenues earned by entities by provide services such as customized skincare recommendations, product application guidance, IoT connectivity for tracking, artificial intelligence (AI) recommendations, and virtual consultations. The market value includes the value of related goods sold by the service provider or included within the service offering. The personalized beauty devices market also consists of sales of smart cleansing devices, personalized facial rollers and massagers, AI-powered skincare devices, LED light therapy devices, and customized beauty printing devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
Executive Summary
Personalized Beauty Devices Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on personalized beauty devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for personalized beauty devices ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The personalized beauty devices market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Skin Care; Make-up; Fragrances; Nails2) By Service: At-Home; In-Store
3) By Sales Channel: Direct Sales; Modern Trade; Departmental Stores; Specialty Stores; Online Retailers; Mono Brand Stores; Other Sales channels.
4) By Application: Consultation; Digital Questionnaire; Apps; Other Applications
Key Companies Mentioned: Johnson & Johnson; Procter & Gamble Co.; Unilever PLC; L'Oréal S.A.; Koninklijke Philips N.V.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Johnson & Johnson
- Procter & Gamble Co.
- Unilever PLC
- L'Oréal S.A.
- Koninklijke Philips N.V.
- Colgate-Palmolive Company
- Estée Lauder Companies Inc.
- Kao Corporation
- Beiersdorf AG
- Amway Corporation
- Shiseido Company, Limited
- Coty Inc.
- Amorepacific Corporation
- Mary Kay Inc.
- Nu Skin Enterprises, Inc.
- L'Occitane Groupe SA
- The Body Shop International Limited
- Revlon, Inc.
- Kendo Holdings, Inc.
- Foreo AB
- Tria Beauty, Inc.
- COSMEDIX
- DERMAFLASH
- Preemadonna Inc.
- ZIIP Beauty
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | April 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.28 Billion |
Forecasted Market Value ( USD | $ 1.46 Billion |
Compound Annual Growth Rate | 3.3% |
Regions Covered | Global |