
Personalized Skin Care Products Market Size, Share & Trends Analysis Report By Product (Face Care, Body Care), By Gender, By Type (Mass, Premium), By Distribution Channel, By Testing, By Region, And Segment Forecasts, 2023 - 2030
Description
Personalized Skin Care Products Market Size, Share & Trends Analysis Report By Product (Face Care, Body Care), By Gender, By Type (Mass, Premium), By Distribution Channel, By Testing, By Region, And Segment Forecasts, 2023 - 2030
Personalized Skin Care Products Market Growth & Trends
The global personalized skin care products market size is expected to reach USD 48.65 billion by 2030, expanding at 8.0% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc.In the upcoming years, the market expansion is anticipated to be fueled by technical developments in the beauty sector and the growing prevalence of skin and lifestyle disorders around the world.In addition, over the coming years, increased consumer awareness of the importance of skin care is anticipated to drive demand.
For the creation of organic and natural skin care products, ingredients including aloe vera, fish oil, and jojoba oil are often used. Growing consumer awareness about the negative impacts of traditional, synthetic chemical-laden products is predicted to open up new growth prospects for new raw materials and finished goods produced from organic/natural sources in the market for customized skin care.
Similarly, customers are looking for beauty products that are personalized to their own demands, which has increased the demand for personalization in the market. Consumers are more informed about their wants for beauty due to the influx of information on social media and other online channels. They are the experts of their own skin, of their unique individual preferences, differences among a diverse group of people, and are eager to have their needs met.
The way that consumers perceive and use beauty is changing because of artificial intelligence (AI). To provide their clients with more customized beauty and wellness solutions, an increasing number of multinational corporations, like Estée Lauder, L'Oréal, and Procter & Gamble, are integrating emerging technologies like AI and augmented reality (AR). For marketing purposes, the information produced by beauty apps is useful to cosmetic businesses. Companies can determine what their customers need and want, owing to the information they supply.
The product demand is primarily driven by an aging population, an increase in women entering the workforce, and a rise in millennial consumers. Additionally, the majority of Gen Z consumers (those between the ages of 18 and 24) favor personalized recommendations just as much as earlier generations do. There is an increase in demand for personalized skincare products across all age groups as consumers believe that diverse skin types, concerns, skin tones, preferred skincare ingredients, and lifestyles necessitate a daily tailored skin routine.
Personalized Skin Care Products Market Report Highlights
Personalized Skin Care Products Market Growth & Trends
The global personalized skin care products market size is expected to reach USD 48.65 billion by 2030, expanding at 8.0% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc.In the upcoming years, the market expansion is anticipated to be fueled by technical developments in the beauty sector and the growing prevalence of skin and lifestyle disorders around the world.In addition, over the coming years, increased consumer awareness of the importance of skin care is anticipated to drive demand.
For the creation of organic and natural skin care products, ingredients including aloe vera, fish oil, and jojoba oil are often used. Growing consumer awareness about the negative impacts of traditional, synthetic chemical-laden products is predicted to open up new growth prospects for new raw materials and finished goods produced from organic/natural sources in the market for customized skin care.
Similarly, customers are looking for beauty products that are personalized to their own demands, which has increased the demand for personalization in the market. Consumers are more informed about their wants for beauty due to the influx of information on social media and other online channels. They are the experts of their own skin, of their unique individual preferences, differences among a diverse group of people, and are eager to have their needs met.
The way that consumers perceive and use beauty is changing because of artificial intelligence (AI). To provide their clients with more customized beauty and wellness solutions, an increasing number of multinational corporations, like Estée Lauder, L'Oréal, and Procter & Gamble, are integrating emerging technologies like AI and augmented reality (AR). For marketing purposes, the information produced by beauty apps is useful to cosmetic businesses. Companies can determine what their customers need and want, owing to the information they supply.
The product demand is primarily driven by an aging population, an increase in women entering the workforce, and a rise in millennial consumers. Additionally, the majority of Gen Z consumers (those between the ages of 18 and 24) favor personalized recommendations just as much as earlier generations do. There is an increase in demand for personalized skincare products across all age groups as consumers believe that diverse skin types, concerns, skin tones, preferred skincare ingredients, and lifestyles necessitate a daily tailored skin routine.
Personalized Skin Care Products Market Report Highlights
- The face care segment held the largest share in 2022. Traction toward personal care rituals, marketing strategies emphasizing the need for skincare regimen, coupled with a rise in skin disorders such as eczema, acne, sun spots, and wrinkles are factors boosting the segment’s growth
- Female gender remained the key growth driver of the overall market. Beauty trends pushed women to be more concerned about their looks, as women remained the prime target of marketing campaigns, and demanded gender-specific products for their skin. The rising number of women in the workforce is propelling demand for women-centric skin care products
- Mass products contributed the most to the market due to their easy availability on online and offline channels, increasing R&D, and significantly lower prices
- Offline distribution channel held a significant share in 2022. This can be attributed to the wide variety of products and brands available for customers to choose from. The ability of consumers via channels such as online, to compare a wide range of products, and the availability of sales personnel who solve consumer queries continue to aid in better purchasing decisions
- Other testing methods inclusive of imaging, blood tests, and quizzes dominated the 2022 market. Such ways allow customers to find the right products for their skin, at a much lower price point and this method is being adopted by several brands to help consumers make better decisions
Table of Contents
110 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. Gender Outlook
- 2.4. Type Outlook
- 2.5. Distribution Channel Outlook
- 2.6. Testing Outlook
- 2.7. Regional Outlook
- Chapter 3. Personalized Skin Care Products Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter’s
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.6. Roadmap of the Personalized Skin Care Products Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19 on the Personalized Skin Care Products Market
- Chapter 4. Consumer Behavior Analysis
- 4.1. Demographic Analysis
- 4.2. Frequency of Purchase
- 4.3. Consumer Trends and Preferences
- 4.4. Factors Affecting Buying Decision
- 4.5. Consumer Product Adoption
- 4.6. Observations & Recommendations
- Chapter 5. Personalized Skin Care Products Market: Product Analysis & Estimates
- 5.1. Product Movement Analysis & Market Share, 2022 & 2030
- 5.2. Face Care
- 5.2.1. Face care products market estimates and forecast, 2017 - 2030 (USD Million)
- 5.2.2. Personalized face care products market estimates and forecast, 2017 - 2030 (USD Million)
- 5.2.3. Face care products market estimates and forecast, by products, 2017 - 2030 (USD Million)
- 5.2.4. Personalized face care products market estimates and forecast, By products, 2017 - 2030 (USD Million)
- 5.3. Body Care
- 5.3.1. Body care products market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3.2. Personalized body care products market estimates and forecast, 2017 - 2030 (USD Million)
- 5.3.3. Personalized body care products market estimates and forecast, by products, 2017 - 2030 (USD Million)
- 5.3.4. Body care products market estimates and forecast, by products, 2017 - 2030 (USD Million)
- Chapter 6. Personalized Skin Care Products Market: Gender Analysis & Estimates
- 6.1. Gender Analysis & Market Share, 2022 & 2030
- 6.2. Male
- 6.2.1. Male personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 6.3. Female
- 6.3.1. Female personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- Chapter 7. Personalized Skin Care Products Market: Type Analysis & Estimates
- 7.1. Type Analysis & Market Share, 2022 & 2030
- 7.2. Mass
- 7.2.1. Mass personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 7.3. Premium
- 7.3.1. Premium personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- Chapter 8. Personalized Skin Care Products Market: Distribution Channel Analysis & Estimates
- 8.1. Distribution Channel Analysis & Market Share, 2022 & 2030
- 8.2. Online
- 8.2.1. Online personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 8.3. Offline
- 8.3.1. Offline personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- Chapter 9. Personalized Skin Care Products Market: Testing Channel Analysis & Estimates
- 9.1. Testing Analysis & Market Share, 2022 & 2030
- 9.2. DNA-based Testing
- 9.2.1. Personalized skin care products market estimates and forecast, by DNA-based testing 2017 - 2030 (USD Million)
- 9.3. Others
- 9.3.1. Personalized skin care products market estimates and forecast, by other tests 2017 - 2030 (USD Million)
- Chapter 10. Personalized Skin Care Products Market: Regional Estimates & Trend Analysis
- 10.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 10.2. North America
- 10.2.1. North America personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.2.2. North America personalized skin care products market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 10.2.3. North America personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.2.4. North America personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.2.5. North America personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.2.6. U.S.
- 10.2.6.1. U.S. personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.2.6.2. U.S. personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.2.6.3. U.S. personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.2.6.4. U.S. personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.2.6.5. U.S. personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.3. Europe
- 10.3.1. Europe personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.3.2. Europe personalized skin care products market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 10.3.3. Europe personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.3.4. Europe personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.3.5. Europe personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.3.6. U.K.
- 10.3.6.1. U.K. personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.3.6.2. U.K. personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.3.6.3. U.K. personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.3.6.4. U.K. personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.3.6.5. U.K. personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.3.7. Germany
- 10.3.7.1. Germany personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.3.7.2. Germany personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.3.7.3. Germany personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.3.7.4. Germany personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.3.7.5. Germany personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.3.8. France
- 10.3.8.1. France personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.3.8.2. France personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.3.8.3. France personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.3.8.4. France personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.3.8.5. France personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.4. Asia Pacific
- 10.4.1. Asia Pacific personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.4.2. Asia Pacific personalized skin care products market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 10.4.3. Asia Pacific personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.4.4. Asia Pacific personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.4.5. Asia Pacific personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.4.6. Australia
- 10.4.6.1. Australia personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.4.6.2. Australia personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.4.6.3. Australia personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.4.6.4. Australia personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.4.6.5. Australia personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.4.7. China
- 10.4.7.1. China personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.4.7.2. China personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.4.7.3. China personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.4.7.4. China personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.4.7.5. China personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.4.8. India
- 10.4.8.1. India personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.4.8.2. India personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.4.8.3. India personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.4.8.4. India personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.4.8.5. India personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.4.9. Japan
- 10.4.9.1. Japan personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.4.9.2. Japan personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.4.9.3. Japan personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.4.9.4. Japan personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.4.9.5. Japan personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.5. Central & South America
- 10.5.1. Central & South America personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.5.2. Central & South America personalized skin care products market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 10.5.3. Central & South America personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.5.4. Central & South America personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.5.5. Central & South America personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.5.6. Brazil
- 10.5.6.1. Brazil personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.5.6.2. Brazil personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.5.6.3. Brazil personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.5.6.4. Brazil personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.5.6.5. Brazil personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- 10.6. Middle East & Africa
- 10.6.1. Middle East & Africa personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.6.2. Middle East & Africa personalized skin care products market estimates and forecast, by product, 2017 - 2030 (USD Million)
- 10.6.3. Middle East & Africa personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.6.4. Middle East & Africa personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.6.5. Middle East & Africa personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.6.6. UAE
- 10.6.6.1. UAE personalized skin care products market estimates and forecast, 2017 - 2030 (USD Million)
- 10.6.6.2. UAE personalized skin care products market estimates and forecast, by gender, 2017 - 2030 (USD Million)
- 10.6.6.3. UAE personalized skin care products market estimates and forecast, by type, 2017 - 2030 (USD Million)
- 10.6.6.4. UAE personalized skin care products market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
- 10.6.6.5. UAE personalized skin care products market estimates and forecast, by testing, 2017 - 2030 (USD Million)
- Chapter 11. Competitive Analysis
- 11.1. Key global players, recent developments & their impact on the industry
- 11.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
- 11.3. Vendor Landscape
- 11.3.1. Key company market share analysis, 2022
- Chapter 12. Company Profiles
- 12.1. The Estée Lauder Companies Inc.
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Benchmarking
- 12.1.4. Strategic Initiatives
- 12.2. Amway Corp.
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Benchmarking
- 12.2.4. Strategic Initiatives
- 12.3. Coty Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Benchmarking
- 12.3.4. Strategic Initiatives
- 12.4. AUGUST SKINCARE
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Benchmarking
- 12.4.4. Strategic Initiatives
- 12.5. PROVEN
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Benchmarking
- 12.5.4. Strategic Initiatives
- 12.6. Function of Beauty
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Benchmarking
- 12.6.4. Strategic Initiatives
- 12.7. L'Oréal Groupe
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Benchmarking
- 12.7.4. Strategic Initiatives
- 12.8. Curology
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Benchmarking
- 12.8.4. Strategic Initiatives
- 12.9. It’s The Buff
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Benchmarking
- 12.9.4. Strategic Initiatives
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