Global Personalized Beauty Products Market: By Product (Skincare, Haircare, Makeup, Fragrance and Others), By Gender (Men and Women), By Distribution Channel (Online, Beauty Salons, Specialty Stores, Large stores, supermarkets and others), and by region – Global industry sizing, growth, trend, opportunity and forecast (2021-2027)
The Personalized Beauty Products Market report covers an in-depth analysis of market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by key market players operating at the global scale. It involves an in-depth analysis of factors influencing the global market and market statistics indicating market share/growth analysis by region and segment. The report study will present one of the most comprehensive analyzes of the market, capturing all aspects of the Custom Beauty Products industry.
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Personalized Beauty Products Industry Outlook
The personalized beauty products market size is expected to grow at a CAGR of 7.9% during the forecast period (2021-2027). Personalized beauty products are far preferred by consumers as they allow the selection of the combination, ingredients and formulas that best suit an individual’s skin. Custom beauty products are also affordable as they only cover the required product and additional ingredients are excluded. Advancements in cosmetology are expected to propel the growth of the market over the forecast period.
Factors affecting the personalized beauty products market during the forecast period:
Rising disposable income and growing technological innovation with the ingredients used in personalized beauty products are supporting the growth of the personalized beauty products market across the globe.
The growing risk of skin allergies from beauty products is increasing the demand for personalized beauty products suitable for an individual’s skin type, driving the growth of the global market.
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Growing R&D in genomics and characteristics of an individual’s skin type will provide growth opportunities for market players over the forecast period.
Lack of awareness in emerging and underdeveloped economies and limited availability of branded personalized beauty products are some factors hampering the growth of the market.
Impact of COVID-19 on the Personalized Beauty Products Market:
The COVID-19 pandemic has significantly impacted the growth of the personalized beauty products market due to the implementation of lockdowns and the practice of social distancing across the globe. This canceled several events, such as fashion shows and trade shows, which significantly reduced the demand for beauty products. Therefore, a substantial decline in the market value of personalized beauty products can be estimated by the end of 2020. However, with the end of lockdown in various countries, postponed events and fashion shows have been scheduled for 2021; hence, considerable loss in the market value will be overcome by the Custom Beauty Products market in 2021.
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The report depicts the global personalized beauty products market study based on product, gender, and distribution channel.
The personalized beauty products market has been segmented on the basis of product–
- Skin care
- Hair care
- Others (oral care)
The personalized beauty products market has been segmented on the basis of gender–
The personalized beauty products market has been segmented on the basis of distribution channel –
- In line
- Beauty salons
- Specialty stores
- Departmental stores
- Others (Pharmacy)
Personalized Beauty Products Market: Regional Perspectives
The personalized beauty products market has been segmented into five geographical regions: North America, Asia-Pacific, South America, Europe, Middle East & Africa. In 2019, North America held the largest share of the personalized beauty products market, followed by Europe and Asia-Pacific. It is further estimated that North America will dominate the personalized beauty products market over the forecast period. Moreover, Asia-Pacific is expected to project the highest CAGR in the global market during the forecast period.
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Leading Competitors in the Global Personalized Beauty Products Market include-
The market for personalized beauty products is very fragmented, with many small players across the world. Key Players of Personalized Beauty Products operating in the global market include-
- Avon Products Inc.
- Beiersdorf AG
- Kao Corp.
- L’Oreal Group
- Mary Kay Inc.
- Oriflame Cosmetics Global S.A.
- Procter & Gamble
- Revlon inc.
- Estee Lauder Companies Inc.
- Yves Rocher.
The Custom Beauty Products market report analyzes in depth the macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes the entries.