Global Personalized Skin Care Products Market is valued at approximately USD 24.26 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.00% over the forecast period 2022-2029. Patients who use customized skincare products are assured that they don't contain any chemicals that can irritate their skin or cause breakouts. Formulas are created with the patient's top worries in mind, whether they be avoiding breakouts, reducing wrinkles, or enhancing skin tone. The major driving factor for the market is rising prevalence of skin diseases, rising consumer awareness towards personalized skin care and rising disposable income of the consumer.
A John Wiley & Sons, Inc. piece from February 2021 claims that ichthyosis, pemphigus, dermatitis, and other skin conditions affect close to one-third of the world's population. Customers are motivated by this situation to look for fixes for their particular epidermis issues. Manufacturers will be compelled to employ cutting-edge technology and offer personalized goods and services as a result of consumers' increasing interest in personal care products and the rising cost of healthcare. For example, in August 2021, the American company Function of Beauty, a pioneer in bespoke skin, hair, and body care products, acquired a company named Atolla, which deals in personalized skincare business with a patented at-home skincare test and a data-driven product recommendation system that gradually suggests bespoke formulations and regimens. Moreover, rising research and development and growing initiatives by the key market players is creating a lucrative growth opportunity for the market over the forecast period 2022-2029. However, the high cost of Personalized Skin Care Products stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Personalized Skin Care Products Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the dominance of branded products and the region's increasing disease prevalence. The use of the word retail in this context refers to the sale of goods to consumers. For instance, the Forea Survey predicts that in Europe, sales of skincare items such as moisturizers and cleansers will rise by 20% and 10%, respectively, in 2020. Future demand for customized skin care products will increase as a result of the active ingredients' ability to improve the product's efficacy and support the maintenance of healthy skin. Along with this, fastest CAGR is anticipated in Asia Pacific between 2023 and 2029. The increasing use of skincare and cosmetic products in the emerging markets of India, Australia, Japan, China, South Korea, and other ASEAN owing to the rising number of product launches and growing concerns concerning skin health, skin conditions and the harmful effects of UV rays are likely to influence the Asia Pacific personalized skin care products market positively.
Major market player included in this report are:
- The Estee Lauder Companies Inc.
- Amway Corp
- Coty Inc.
- AUGUST SKINCARE
- PROVEN
- Function of Beauty
- L'Oreal Groupe
- Curology
- It's The Buff
- Pure Culture Beauty
Recent Developments in the Market:
- Function of Beauty purchased the individualized skincare business Atolla in August 2021. The business started this initiative to acquire strengths that would benefit both companies.
- A custom skincare company called Pure Culture Beauty debuted its goods in Target locations and online in January 2022. Customers must buy the test kit from retailers, and after the test results are posted on the website, custom products will be mailed out to the customer.
Global Personalized Skin Care Products Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Product, Gender, Testing, Type, Distribution Channel, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Product:
By Gender:
By Testing:
By Type:
By Distribution Channel:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Personalized Skin Care Products Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Personalized Skin Care Products Market, by Product, 2019-2029 (USD Billion)
- 1.2.3. Personalized Skin Care Products Market, by Gender, 2019-2029 (USD Billion)
- 1.2.4. Personalized Skin Care Products Market, by Testing, 2019-2029 (USD Billion)
- 1.2.5. Personalized Skin Care Products Market, by Type, 2019-2029 (USD Billion)
- 1.2.6. Personalized Skin Care Products Market, by Distribution Channel, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Personalized Skin Care Products Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Personalized Skin Care Products Market Dynamics
- 3.1. Personalized Skin Care Products Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing prevalence of skin diseases
- 3.1.1.2. Growing consumer awareness towards personalized skincare
- 3.1.1.3. Rising disposable income of the consumer
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Personalized Skin Care Products
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising research and development
- 3.1.3.2. Growing initiatives by the key market players
Chapter 4. Global Personalized Skin Care Products Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Investment Adoption Model
- 4.5. Analyst Recommendation & Conclusion
- 4.6. Top investment opportunity
- 4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Personalized Skin Care Products Market, by Product
- 6.1. Market Snapshot
- 6.2. Global Personalized Skin Care Products Market by Product, Performance - Potential Analysis
- 6.3. Global Personalized Skin Care Products Market Estimates & Forecasts by Product 2019-2029 (USD Billion)
- 6.4. Personalized Skin Care Products Market, Sub Segment Analysis
- 6.4.1. Face Care
- 6.4.2. Body Care
Chapter 7. Global Personalized Skin Care Products Market, by Gender
- 7.1. Market Snapshot
- 7.2. Global Personalized Skin Care Products Market by Gender, Performance - Potential Analysis
- 7.3. Global Personalized Skin Care Products Market Estimates & Forecasts by Gender 2019-2029 (USD Billion)
- 7.4. Personalized Skin Care Products Market, Sub Segment Analysis
- 7.4.1. Male
- 7.4.2. Female
Chapter 8. Global Personalized Skin Care Products Market, by Testing
- 8.1. Market Snapshot
- 8.2. Global Personalized Skin Care Products Market by Testing, Performance - Potential Analysis
- 8.3. Global Personalized Skin Care Products Market Estimates & Forecasts by Testing 2019-2029 (USD Billion)
- 8.4. Personalized Skin Care Products Market, Sub Segment Analysis
Chapter 9. Global Personalized Skin Care Products Market, by Type
- 9.1. Market Snapshot
- 9.2. Global Personalized Skin Care Products Market by Type, Performance - Potential Analysis
- 9.3. Global Personalized Skin Care Products Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 9.4. Personalized Skin Care Products Market, Sub Segment Analysis
- 9.4.1. Mass
- 9.4.2. Premium
Chapter 10. Global Personalized Skin Care Products Market, by Distribution Channel
- 10.1. Market Snapshot
- 10.2. Global Personalized Skin Care Products Market by Distribution Channel, Performance - Potential Analysis
- 10.3. Global Personalized Skin Care Products Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
- 10.4. Personalized Skin Care Products Market, Sub Segment Analysis
- 10.4.1. Online
- 10.4.2. Offline
Chapter 11. Global Personalized Skin Care Products Market, Regional Analysis
- 11.1. Personalized Skin Care Products Market, Regional Market Snapshot
- 11.2. North America Personalized Skin Care Products Market
- 11.2.1. U.S. Personalized Skin Care Products Market
- 11.2.1.1. Product breakdown estimates & forecasts, 2019-2029
- 11.2.1.2. Gender breakdown estimates & forecasts, 2019-2029
- 11.2.1.3. Testing breakdown estimates & forecasts, 2019-2029
- 11.2.1.4. Type breakdown estimates & forecasts, 2019-2029
- 11.2.1.5. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 11.2.2. Canada Personalized Skin Care Products Market
- 11.3. Europe Personalized Skin Care Products Market Snapshot
- 11.3.1. U.K. Personalized Skin Care Products Market
- 11.3.2. Germany Personalized Skin Care Products Market
- 11.3.3. France Personalized Skin Care Products Market
- 11.3.4. Spain Personalized Skin Care Products Market
- 11.3.5. Italy Personalized Skin Care Products Market
- 11.3.6. Rest of Europe Personalized Skin Care Products Market
- 11.4. Asia-Pacific Personalized Skin Care Products Market Snapshot
- 11.4.1. China Personalized Skin Care Products Market
- 11.4.2. India Personalized Skin Care Products Market
- 11.4.3. Japan Personalized Skin Care Products Market
- 11.4.4. Australia Personalized Skin Care Products Market
- 11.4.5. South Korea Personalized Skin Care Products Market
- 11.4.6. Rest of Asia Pacific Personalized Skin Care Products Market
- 11.5. Latin America Personalized Skin Care Products Market Snapshot
- 11.5.1. Brazil Personalized Skin Care Products Market
- 11.5.2. Mexico Personalized Skin Care Products Market
- 11.6. Rest of The World Personalized Skin Care Products Market
Chapter 12. Competitive Intelligence
- 12.1. Top Market Strategies
- 12.2. Company Profiles
- 12.2.1. The Estee Lauder Companies Inc.
- 12.2.1.1. Key Information
- 12.2.1.2. Overview
- 12.2.1.3. Financial (Subject to Data Availability)
- 12.2.1.4. Product Summary
- 12.2.1.5. Recent Developments
- 12.2.2. Amway Corp
- 12.2.3. Coty Inc.
- 12.2.4. AUGUST SKINCARE
- 12.2.5. PROVEN
- 12.2.6. Function of Beauty
- 12.2.7. L'Oreal Groupe
- 12.2.8. Curology
- 12.2.9. It's The Buff
- 12.2.10. Pure Culture Beauty
Chapter 13. Research Process
- 13.1. Research Process
- 13.1.1. Data Mining
- 13.1.2. Analysis
- 13.1.3. Market Estimation
- 13.1.4. Validation
- 13.1.5. Publishing
- 13.2. Research Attributes
- 13.3. Research Assumption