The personalized beauty devices global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Personalized Beauty Devices Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The personalized beauty devices market size has grown steadily in recent years. It will grow from $1.23 billion in 2023 to $1.28 billion in 2024 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to consumer awareness, home-use convenience, e-commerce growth, health and wellness focus, and anti-aging solutions.
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 growth in the forecast period can be attributed to increased focus on sustainability, expansion of target demographics, regulatory support and standards, and focus on user experience. Major trends in the forecast period include ai-powered devices, augmented reality (AR) in beauty consultations, smart beauty tech integration, DNA and genetic analysis, telehealth integration, and focus on mental wellness.
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Scope Of Personalized Beauty Devices Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Personalized Beauty Devices Market Overview
Market Drivers –
The growing skincare awareness is expected to propel the growth of the personalized beauty devices market going forward. Skin care refers to the practices and routines individuals adopt to maintain their skin’s health, appearance, and vitality. Skincare awareness is experiencing a significant surge due to several factors, such as the influence of social media, growing societal emphasis on self-care and wellness, celebrity endorsements of skincare products, and online beauty blogs and websites contributing to a heightened focus on personal health and wellness. As individuals become more attuned to the unique needs of their skin and the benefits of personalized skincare routines, they seek innovative solutions that cater specifically to their skin concerns. For instance, in December 2023, according to reports from Hollywood Mirror Company, a UK-based handcrafted vanity mirrors company, the projected total revenue of 2025 skincare sales is expected to reach $177 billion. The United Kingdom’s skincare is predicted to reach $24.37 billion by 2024, with an estimated $7.7 billion of beauty industries’ investment in advertising in 2022. Therefore, growing skincare awareness is expected to propel the growth of the personalized beauty devices market going forward.
Market Trends –
Major companies operating in the personalized beauty devices market focus on developing innovative products, such as HAPTA, to meet the growing demand for personalized beauty devices. HAPTA maintains the applicator level and adapts to the user’s position using sophisticated sensors and motion-stabilizing technology, allowing for steady and accurate makeup application. For instance, in January 2023, L’Oréal S.A., a France-based cosmetics company, launched a personalized beauty device called HAPTA. It makes beauty more accessible and inclusive by helping people with ailments like restricted grip strength, essential tremors, and limited hand and arm mobility. In addition to being ergonomically designed for ease of use, the device has smart motion controls and customizable attachments to extend the user’s range of motion.
The personalized beauty devices market covered in this report is segmented –
1) By Product: Skin Care, Make-up, Fragrances, Nails
2) 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
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Regional Insights –
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.
Key Companies –
Major companies operating in the personalized beauty devices market 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
Table of Contents
1. Executive Summary
2. Personalized Beauty Devices Market Report Structure
3. Personalized Beauty Devices Market Trends And Strategies
4. Personalized Beauty Devices Market – Macro Economic Scenario
5. Personalized Beauty Devices Market Size And Growth
…..
27. Personalized Beauty Devices Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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