Dublin, 19 July. 2022 (GLOBE NEWSWIRE) — The report “Global Next-Generation Personalized Beauty Market Report 2022” has been added to from ResearchAndMarkets.com offer.
The global next-generation personalized beauty market is expected to grow from $29.25 billion in 2021 to $37.72 billion in 2022 at a compound annual growth rate (CAGR) of 11.87%. The market is expected to reach $51.64 billion in 2026 with a CAGR of 12.08%.
The next-generation personalized beauty market consists of the sale of next-generation personalized beauty services and products by entities (organizations, independent marketers, and partnerships) involved in personalized beauty. Next-generation personalized beauty includes products and services that are customized or designed around each individual’s needs. Next generation personalized beauty products can be found in various ranges ranging from skin care such as body lotion, creams to hair care and makeup.
The major product types in the next-generation personalized beauty market are skin care, hair care, makeup, fragrances, and others. Next-generation personalized beauty care includes personalized skin care products and services. Personalization of care includes the process of getting to know the client’s skin better, meeting their needs, but also selecting the products that are suitable for the skin in a particular environment. Next-generation personalized beauty is applied through digital consultations/questionnaires, apps, specialist equipment, home test kits, and more.
Growing consumer concern over skin issues such as acne, cold sores, blisters, and hives across the globe is driving the growth of the next-generation personalized beauty market. Skin conditions can be temporary or permanent, painless or painful, and situational or genetic. With the growing number of skin disorders, people are becoming more aware of their skin and are opting for personalized services and products to overcome skin problems.
According to the 2020 Medscape report, approximately 50 million Americans suffer from acne each year, with 80% of Americans having acne at some point in their lives. In addition, approximately 50 million men and 30 million women suffer from hair loss due to skin diseases. Skin diseases rank as the fourth most common cause of all human diseases, affecting approximately one-third of the world’s population. Rising consumer skin concerns demand more personalized solutions, driving the next-generation personalized beauty market.
Companies in the next-generation personalized beauty market are strategically partnering and collaborating with other companies to expand their product portfolios and grow their next-generation personalized beauty products. For example, in April 2021, Revieve, a US-based company that offers personalized products, services and treatments, entered into a partnership with BABOR, a Germany-based company that offers personalized skin care solutions. to its customers.
In July 2021, AptarGroup, Inc., the American personal care, beauty and pharmaceutical company, entered into a strategic collaboration with Yan An Tang, a China-based company that offers customized and personalized skin care products, nursing programs and one-on-one skincare consultations.
In June 2021, Hims & Hers Health, Inc., a US-based company that provides personalized health and wellness services to customers through a multi-specialty telehealth platform, acquired Apostrophe for an undisclosed sum. .
With this acquisition, Hims & Hers expands its ability to provide consumers with the most advanced and personalized dermatological treatments at a rapid pace and on a larger scale. Apostrophe is a teledermatology company that offers personalized dermatology services to consumers by connecting them with their dermatologist.
Main topics covered:
2. Features of the Next Generation Personalized Beauty Market
3. Next Generation Personalized Beauty Market Trends and Strategies
4. Impact of COVID-19 on Next Generation Personalized Beauty
5. Next Generation Personalized Beauty Market Size and Growth
5.1. Global Historic Next-Generation Personalized Beauty Market, 2016-2021, USD Billion
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Next Generation Personalized Beauty Forecast Market, 2021-2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Next Generation Personalized Beauty Market Segmentation
6.1. Global Next-Generation Personalized Beauty Market, Segmentation by Product, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- Skin care
- Hair care
- To put on makeup
6.2. Global Next-Generation Personalized Beauty Market, Segmentation by Application, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- Consultation/digital questionnaires
- Applications and specialized equipment
- Home test kits
7. Regional and Country Analysis of the Next Generation Personalized Beauty Market
7.1. Global Next-Generation Personalized Beauty Market Split by Region, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. Global Next Generation Personalized Beauty Market, Split by Country, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- Ultimate beauty
- Proven skin care
- beauty of the bite
- Estee Lauder
- beauty function
- On-site cosmetics
- Kiehl’s Apothecary Preparations
- Personalized DOSE of Skinceuticals
- skin change
- Dermacare Skin
- Romy Paris
- Avenue & Edam
- skin authority
- Nude Skin
- Ioma Paris
For more information about this report visit https://www.researchandmarkets.com/r/598eiw