Market Insights Consumer Beauty & Personal Care

Beauty Tech - G7

In 2024, the revenue generated in the Beauty Tech market in G7 amounts to US$3.92bn.
This market is projected to experience an annual growth rate of 4.00% (CAGR 2024-2029).
When comparing this market globally, in the United States leads with a revenue of US$1,411m in 2024.
In terms of per capita figures, each person in G7 is expected to generate a revenue of US$5.03 in 2024.
The Beauty Tech market, with its significant revenue and growth potential, holds a prominent position in the G7 market segment.
In the beauty tech market, Japan's innovative skincare devices and high-tech beauty gadgets are leading the way.

Key regions: Canada, Indonesia, India, United States, South Korea

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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.