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Beauty Tech - Eastern Asia

Eastern Asia
  • In 2024, the revenue in the Beauty Tech market in Eastern Asia amounts to US$3.14bn.
  • It is projected to grow annually by 6.49% (CAGR 2024-2029).
  • When compared globally, United States generates the highest revenue in this market, amounting to US$1bn in 2024.
  • In terms of per person revenues, in Eastern Asia generates US$1.92 in 2024.
  • In South Korea, beauty tech is booming with innovative skincare devices and AI-powered beauty apps leading the market.

Definition:

Beauty tech refers to the intersection of technology and the beauty industry. It encompasses the use of advanced technologies, such as artificial intelligence (AI), augmented reality (AR), and the Internet of Things (IoT), to enhance and revolutionize various aspects of the beauty and cosmetics sector. Beauty tech involves the development and application of digital tools and devices that aim to enhance beauty-related experiences, improve skincare routines, and provide personalized beauty solutions.

Additional Information:

The market comprises revenue and average revenue per capita. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Personalized cosmetics devices
  • AR beauty apps
  • Smart beauty mirrors
  • Smart skincare devices
  • Electronic skincare devices

Out-Of-Scope

  • Nailcare products
  • Hair and oral care products
  • B2B products
Beauty Tech: market data & analysis - Cover

Market Insights Report

Beauty Tech: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

    Additional notes:

    The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

    Consumer

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    Beauty Tech: market data & analysis - BackgroundBeauty Tech: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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