The worldwide market for beauty tech-driven purchases in the cosmetics segment was estimated to have generated a revenue of approximately 1.35 billion U.S. dollars in 2021. In comparison, revenues of personal care and skin care segments amounted to about 1.21 billion U.S. dollars each. United States, China, France, Germany, South Korea, United Kingdom (UK), and Japan were included in the estimation of this market. According to Statista estimates, the worldwide revenue of cosmetics related beauty-tech purchases is projected to grow, reaching around 3.24 billion U.S. dollars by 2026, marking an increase of about 1.89 billion U.S. dollars.
Estimated worldwide revenue of the beauty tech market by segment in 2021, with a forecast for 2026
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Rounded figures. Worldwide refers to the market revenue of the beauty tech market in the following seven countries: United States, China, France, Germany, South Korea, United Kingdom, and Japan.
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 worldwide revenue of the beauty tech market by segment in 2021, with a forecast for 2026 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1332968/beauty-tech-market-revenue-worldwide-by-segment/
Statista. "Estimated worldwide revenue of the beauty tech market by segment in 2021, with a forecast for 2026 (in billion U.S. dollars)." Chart. February 7, 2022. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1332968/beauty-tech-market-revenue-worldwide-by-segment/
Statista. (2022). Estimated worldwide revenue of the beauty tech market by segment in 2021, with a forecast for 2026 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1332968/beauty-tech-market-revenue-worldwide-by-segment/
Statista. "Estimated Worldwide Revenue of The Beauty Tech Market by Segment in 2021, with a Forecast for 2026 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Feb 2022, https://www.statista.com/statistics/1332968/beauty-tech-market-revenue-worldwide-by-segment/
Statista, Estimated worldwide revenue of the beauty tech market by segment in 2021, with a forecast for 2026 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1332968/beauty-tech-market-revenue-worldwide-by-segment/ (last visited August 25, 2024)
Estimated worldwide revenue of the beauty tech market by segment in 2021, with a forecast for 2026 (in billion U.S. dollars) [Graph], Statista, February 7, 2022. [Online]. Available: https://www.statista.com/statistics/1332968/beauty-tech-market-revenue-worldwide-by-segment/