According to Statista estimates, the market for beauty tech is expected to grow at a CAGR of over 24 percent percent between 2021 and 2026 for personal care, cosmetics, and skin care segments in Germany. Personal care was the segment that is projected to see the highest growth at 24.7 percent in the country.
Estimated compound annual growth rate (CAGR) of the beauty tech market in Germany 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 Germany between 2021 and 2026, by segment [Graph]. In Statista. Retrieved November 25, 2024, from https://www.statista.com/statistics/1292414/beauty-tech-market-growth-rate-germany/
Statista. "Estimated compound annual growth rate (CAGR) of the beauty tech market in Germany between 2021 and 2026, by segment." Chart. February 7, 2022. Statista. Accessed November 25, 2024. https://www.statista.com/statistics/1292414/beauty-tech-market-growth-rate-germany/
Statista. (2022). Estimated compound annual growth rate (CAGR) of the beauty tech market in Germany between 2021 and 2026, by segment. Statista. Statista Inc.. Accessed: November 25, 2024. https://www.statista.com/statistics/1292414/beauty-tech-market-growth-rate-germany/
Statista. "Estimated Compound Annual Growth Rate (Cagr) of The Beauty Tech Market in Germany between 2021 and 2026, by Segment." Statista, Statista Inc., 7 Feb 2022, https://www.statista.com/statistics/1292414/beauty-tech-market-growth-rate-germany/
Statista, Estimated compound annual growth rate (CAGR) of the beauty tech market in Germany between 2021 and 2026, by segment Statista, https://www.statista.com/statistics/1292414/beauty-tech-market-growth-rate-germany/ (last visited November 25, 2024)
Estimated compound annual growth rate (CAGR) of the beauty tech market in Germany between 2021 and 2026, by segment [Graph], Statista, February 7, 2022. [Online]. Available: https://www.statista.com/statistics/1292414/beauty-tech-market-growth-rate-germany/
