In the United States, the beauty tech market is projected to grow at a CAGR of around 20 percent between 2021 and 2026, with the highest growth expected in the cosmetics segment at 21.1 percent. Beauty tech is defined as purchases in the beauty and personal care market including cosmetics, skin care and personal care, finalized using AI- and AR-powered softwares and tool, such as virtual mirrors,skin diagnostics tools, and try-on apps.
Estimated compound annual growth rate (CAGR) of the beauty tech market in the United States between 2021 and 2026, by segment
About methodology: Beauty tech is defined as cosmetics, skincare, and personal care products purchased by consumers that have used beauty- and personal care- specific software prior finalizing their purchase. Beauty and personal care software include mobile applications for smartphones and tablets (e.g., apps for virtually trying-on cosmetics) and AI-powered devices (e.g., smart mirrors, make-up personalizing devices). The revenue estimates and forecasts build on Statista’s primary research (Global Consumer Survey on Beauty and Cosmetics) and other primary data from the Statista platform as well as third-party data sources, through which short- and long-term market trends are observed.
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Statista. (February 7, 2022). Estimated compound annual growth rate (CAGR) of the beauty tech market in the United States between 2021 and 2026, by segment [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1292406/beauty-tech-market-growth-rate-us/
Statista. "Estimated compound annual growth rate (CAGR) of the beauty tech market in the United States between 2021 and 2026, by segment." Chart. February 7, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1292406/beauty-tech-market-growth-rate-us/
Statista. (2022). Estimated compound annual growth rate (CAGR) of the beauty tech market in the United States between 2021 and 2026, by segment. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1292406/beauty-tech-market-growth-rate-us/
Statista. "Estimated Compound Annual Growth Rate (Cagr) of The Beauty Tech Market in The United States between 2021 and 2026, by Segment." Statista, Statista Inc., 7 Feb 2022, https://www.statista.com/statistics/1292406/beauty-tech-market-growth-rate-us/
Statista, Estimated compound annual growth rate (CAGR) of the beauty tech market in the United States between 2021 and 2026, by segment Statista, https://www.statista.com/statistics/1292406/beauty-tech-market-growth-rate-us/ (last visited November 22, 2024)
Estimated compound annual growth rate (CAGR) of the beauty tech market in the United States between 2021 and 2026, by segment [Graph], Statista, February 7, 2022. [Online]. Available: https://www.statista.com/statistics/1292406/beauty-tech-market-growth-rate-us/
