Beauty Tech - G20
G20- In 2024, the revenue generated in the Beauty Tech market reaches a substantial amount of US$6.57bn.
- This market is projected to experience an annual growth rate of 4.48%, also known as the compound annual growth rate (CAGR), from 2024 to 2029.
- When comparing the Beauty Tech market globally, it is worth noting that United States leads the way in terms of revenue generation.
- In 2024 alone, United States is expected to generate US$1bn in revenue.
- To put this in perspective, when considering the total population figures, the per person revenue generated in 2024 amounts to US$1.85.
- This indicates the average amount of revenue generated by each individual in the Beauty Tech market.
- It is important to mention that these numbers and insights are applicable to the G20 countries, which are the world's major economies.
- The Beauty Tech market plays a significant role in these countries' economic landscape.
- In Japan, the Beauty Tech market is dominated by innovative skincare devices and virtual beauty consultations.
- Key regions:
- Canada,
- Indonesia,
- India,
- United States,
- South Korea
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
