According to Statista estimates, the beauty tech market for cosmetics products is expected to grow at a CAGR of 16.7 percent between 2021 and 2026 in the United Kingdom (UK). In the beauty and personal care market, cosmetics was the segment where the highest growth rate was expected, followed by skin care. Beauty tech is defined as purchases driven by AI- and AR-powered softwares and tools, e.g. smart mirrors and virtual try-on apps.
Estimated compound annual growth rate (CAGR) of the beauty tech market in the United Kingdom (UK) 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 Kingdom (UK) between 2021 and 2026, by segment [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1292417/beauty-tech-market-growth-rate-uk/
Statista. "Estimated compound annual growth rate (CAGR) of the beauty tech market in the United Kingdom (UK) between 2021 and 2026, by segment." Chart. February 7, 2022. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1292417/beauty-tech-market-growth-rate-uk/
Statista. (2022). Estimated compound annual growth rate (CAGR) of the beauty tech market in the United Kingdom (UK) between 2021 and 2026, by segment. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1292417/beauty-tech-market-growth-rate-uk/
Statista. "Estimated Compound Annual Growth Rate (Cagr) of The Beauty Tech Market in The United Kingdom (Uk) between 2021 and 2026, by Segment." Statista, Statista Inc., 7 Feb 2022, https://www.statista.com/statistics/1292417/beauty-tech-market-growth-rate-uk/
Statista, Estimated compound annual growth rate (CAGR) of the beauty tech market in the United Kingdom (UK) between 2021 and 2026, by segment Statista, https://www.statista.com/statistics/1292417/beauty-tech-market-growth-rate-uk/ (last visited December 23, 2024)
Estimated compound annual growth rate (CAGR) of the beauty tech market in the United Kingdom (UK) between 2021 and 2026, by segment [Graph], Statista, February 7, 2022. [Online]. Available: https://www.statista.com/statistics/1292417/beauty-tech-market-growth-rate-uk/
