Personalized Skin Care Products Market: Introduction
- Personalized skin care products are designed to meet the niche requirement of users. These products are designed by considering factors such as age, gender, ingredients, skin type, and working environment of the users.
- Increasing awareness about one’s looks and skin quality, coupled with the rising spending power of consumers across the globe are factors driving demand for personalized skin care products.
Rising Demand for Personalized Skin Care Products: A Key Driver
- The shift in consumer perception and rising awareness about healthy skin has resulted in rising demand for personalized skin care products globally. Rising popularity of skin care products, including face care products, and rising awareness about maintaining social standards and appearance among people is anticipated to boost the demand for personalized skin care products globally. Additionally, growing adoption of digital and social media platforms by users is also proliferating the demand for personalized skin care products. In addition, a greater demand for personalization is seen in the skincare products market as consumers increasingly seek solutions targeted to their specific needs.
Cost of Manufacturing Personalized Skin Care Products: A Key Restraint
- In recent years, personalized skin care products seem to be a popular choice among users. However, high cost required for formulation, R&D, manufacturing, and packaging of skin care products may restrain the growth of the market. In addition, key players focusing on bulk production of skincare products in order to meet the requirements of users may have to bear additional cost to improve their value added services and other operational activities. This is likely to hamper the growth of the personalized skin care products market in the near future.
Asia Pacific a Potential Market for Personalized Skin Care Products
- The global personalized skin care products market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the personalized skin care products market in Europe includes the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific comprises India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes GCC, South Africa, and Rest of Middle East & Africa. The personalized skin care products market in South America has been segmented into Brazil and Rest of South America.
- Asia Pacific is expected to remain a potential market for personalized skin care products during the forecast period. This is due to increasing purchasing power and growing number of regional manufacturers offering a wide range of customized solutions to their customers.
Key Players Operating in the Global Personalized Skin Care Products Market
The global personalized skin care products market is widely fragmented in nature, due to presence of several regional and global players. Key players adopt new product development, acquisitions, mergers, and agreements as their key development strategy to remain competitive and enhance their customer base in the market.
A few of the key players operating in the global personalized skin care products market are as follows:
- BITE Beauty
- Clinique Laboratories, LLC
- Coty Inc.
- Curology, Inc.
- Estée Lauder Inc.
- FitSkin Inc.
- Forest Essentials
- insitU Cosmetics Ltd.
- IOMA Paris
- Skin Inc.
- SkinAI LLC
- Ulta Beauty, Inc.
Global Personalized Skin Care Products Market: Research Scope
Global Personalized Skin Care Products Market, by Product Type
- Facial Care
- Face Wash
- Facial Scrubs
- Facial Oil, Balm, Cream & Gel
- Mud, Mask, Peel & Exfoliate
- Moisturizer & Sunscreen
- Facial Cleanser & Toners
- Serum
- Shaving Care Products
- Others (Facial Powder, Facial Wipes, etc.)
- Body Care
- Body Talc
- Body Balms, Creams & Gels
- Body Scrubs
- Body Lotion
- Hand & Body Wash
- Sanitizer
- Others (Body Oil, Body Wax, etc.)
- Bath & Shower
- Body Cleanser, Gels & Wash
- Bath Salts
- Bath Soap & Bomb
- Others (Bath Accessories, Cleanser, etc.)
- Fragrance
- Deodorant
- Body Spray/Mist & Roll On
- Perfume
Global Personalized Skin Care Products Market, by Type
- Conventional
- Natural
- Organic
Global Personalized Skin Care Products Market, by Skin Type
- Dry Skin
- Sensitive Skin
- Oily Skin
- Normal Skin
- Combination Skin
Global Personalized Skin Care Products Market, by Pricing
Global Personalized Skin Care Products Market, by End-user
Global Personalized Skin Care Products Market, by Age
- Below 15 Years
- 15-25 Years
- 26-45 Years
- 46 to 60 years
- Above 60 Years
Global Personalized Skin Care Products Market, by Distribution Channel
The report on the global personalized skin care products market is a compilation of first-hand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on regional and other segments of the market.
Regional Analysis of the Global Personalized skin Care Products Market:
- North America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
- South America
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