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Personalized/Customized Skin Care Market Analysis

  • Report ID: GMI10204
  • Published Date: Jul 2024
  • Report Format: PDF

Personalized/Customized Skin Care Market Analysis

Based on product type, the market is segmented into cleansers, face serum, moisturizer, active, body lotion, body duo, and others. In 2023, the moisturizer segment accounted for a revenue of around USD 6.5 billion and is expected to reach USD 11.9 billion by 2032. Customers have become more conscious of the unique requirements of their skin, which change depending on age, skin type, lifestyle, and environment. A preference for moisturizers that are specially prepared to satisfy the needs of individual skin types is emerging from this heightened awareness. AI-driven technologies are used by businesses such as Clinique iD & Proven Skincare to evaluate skin disorders and suggest customized moisturizers that target certain issues such as dehydration, redness, or aging.
 

Personalized/Customized Skin Care Market Share, By Consumer Group, (2023)

Based on consumer group, the personalized/customized skin care market is segmented into men, women, and kids. In 2023, the women segment emerged dominant, commanding a market share of approximately 69%, and is expected to reach 70% by 2032. Women tend to seek skincare products that explicitly address concerns about dryness, sensitivity, age, and hormonal fluctuations. The personalized/customized skincare market is expanding as a result of shifting consumer desire toward individualized goods. Social media influencers that advocate customized skincare products and beauty brands have a big impact on women. Customized solutions are becoming more popular as a result of women having a place to discuss their skincare routines and learn about new products on platforms including YouTube & Instagram. Products for anti-aging skincare that are tailored to each woman's needs depending on her skin type and issues about aging are available from brands such as Clinique and Olay.
 

North America Personalized/Customized Skin Care Market Size, 2021 – 2032, (USD Billion)

North America held the largest market share of approximately 37% in 2023 and is anticipated to reach USD 15.7 billion by 2032. North America has a highly developed e-commerce scene that makes individualized skincare products easily accessible to consumers. The process of customization is facilitated by digital tools and online platforms, which makes it simpler for customers to receive customized skincare solutions. Customers can design customized skincare routines from the comfort of their homes with the help of platforms such as Function of Beauty and Skinsei, which provide thorough online skin exams and customization possibilities. The distribution & accessibility of customized skincare products are facilitated by a robust e-commerce infrastructure, which propels the market expansion in North America.
 

The U.S. dominated the North America personalized/customized skin care market with a revenue of over USD 6.9 billion in 2023 and is expected to grow at a CAGR of 6.9% during the forecast period. Strong emphasis on wellness & health in the U.S., with skincare playing a key role in this movement is driving market growth. Customers are increasingly seeking customized skincare solutions that treat particular health issues and support their wellness objectives. Personalized skincare products with an emphasis on holistic wellbeing are offered by companies, such as Tatcha and Drunk Elephant, which appeal to customers who value their general health. The combination of wellness & health trends with skincare is fueling the demand for customized solutions and expanding the industry in the U.S.
 

Germany dominated the Europe market with a revenue of around USD 1.7 billion in 2023 and is expected to grow at a CAGR of 6.9% from 2024 to 2032. German consumers are becoming more conscious of the significance of wellness & skin health, which is driving the demand for customized skincare products that provide focused approaches to preserving and enhancing skin health. The propensity of German consumers to spend money on high-end tailored skincare products is reflected in the sales figures of luxury brands such as Sisley and La Mer. Germany's strong economy and high level of disposable income encourage consumer investments in customized skincare products, which is fueling the market expansion.
 

China dominated the Asia Pacific personalized/customized skin care market with a revenue of around USD 1.7 billion in 2023 and is expected to reach around USD 3 billion by 2032. Chinese social media sites, such as Douyin, WeChat, and Weibo, are important in influencing customer trends and preferences in the skincare market. Key Opinion Leaders (KOLs) have the power to spread the word about customized skincare products to a large audience. Through partnerships with KOLs, brands such as Dr. Wu and Winona expose their customized skincare solutions to a vast audience on social media. Personalized skincare products gain awareness and appeal due to the impact of KOLs and social media, which supports the expansion of the Chinese market.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for personalized/customized skin care was USD 23.7 billion in 2023 and is expected to register 6.4% CAGR from 2024-2032 owing to rising demand for more specialized & efficient treatments that target particular skin issues worldwide.

Personalized/customized skin care industry from the moisturizer segment is expected to reach USD 11.9 billion by 2032 due to customers becoming more conscious of the unique requirements of their skin, which change depending on age, skin type, lifestyle, and environment.

North America industry is expected to reach USD 15.7 billion by 2032 due to the highly developed e-commerce scene that makes individualized skincare products easily accessible to consumers in the region.

Atolla, Johnson & Johnson, L'Oréal Perso, LUMAVERA Custom Blends, Proven Skincare, Skin Authority MySkinBuddy, Skin Inc. My Daily Dose, SkinCeuticals Custom D.O.S.E, Urban Natives Pvt. Ltd., and Younique Uology, are some of the major personalized/customized skin care companies worldwide.

Personalized/Customized Skin Care Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 490
  • Countries covered: 21
  • Pages: 410
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