Beauty Tech - Latvia
Latvia- In 2024, the revenue in the Beauty Tech market in Latvia amounts to US$3.82m.
- It is projected that the market will experience an annual growth rate of 3.30% (CAGR 2024-2029).
- When compared to other countries around Worldwide, United States generates the highest revenue in this market, with US$1bn in 2024.
- Taking into account the total population, the per person revenue in Latvia is US$2.11 in 2024.
- The Beauty Tech market presents significant opportunities for growth and development in Latvia.
- Latvia's beauty tech market is thriving, with innovative local start-ups leading the way in developing cutting-edge beauty devices and services.
- 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
