The Global Digitalization of Beauty Market size is expected to grow from USD 130.14 billion in 2022 to USD 204.31 billion by 2030, at a CAGR of 5.8% during the forecast period (2023-2030).
The Global Digitalization of Beauty Market size is expected to grow from USD 130.14 billion in 2022 to USD 204.31 billion by 2030, at a CAGR of 5.8% during the forecast period (2023-2030).
One of the consumer goods business segments with the quickest rate of growth is currently the digitalization of beauty. It's going through a digital revolution, much like social networking and e-commerce. Brands are now able to communicate with customers directly thanks to newly accessible e-commerce technologies. By 2020, the worldwide cosmetics market is projected to grow to $675 billion.
According to analysts, after a robust recruiting phase propelled by rising social media and selfie acceptance, demand for digitalization of beauty makeup is decreasing internationally, particularly in developed economies. New and developing technologies are being used by many brands to customize goods and services. Artificial intelligence (AI) is being used by L'Oréal to assist clients who are searching for the ideal foundation shade that complements their skin tone.
Players Covered in Digitalization of Beauty market are:
Unilever, Procter & Gamble, Adimo, Amorepacific Corporation, CFEB Sisley SAS, Elizabeth Arden Inc, Johnson & Johnson, Lancer Skincare, L’Oreal S.A, Shiseido and other major players.
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With a precise examination of the overall industry, our Digitalization of Beauty market report guarantees the highest level of accuracy and reliability. We establish a strong foundation for our findings by leveraging a wide range of primary and secondary sources. Enhancing the comprehensiveness of our evaluation, we utilize industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis.
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Segmentation Analysis of the Digitalization of Beauty Market:
By Type
By Application
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Regional Analysis of the Digitalization of Beauty Market
At $320 billion in retail sales, the Digitalization of Beauty industry expanded by about 6% in the previous year. Globally, the beauty industry has been growing steadily, with China being the main source of the enormous revenue growth it has experienced recently. With China excluded, the United States, Japan, Brazil, and Germany make up the remaining four beauty-related nations, and together they hold 36% of the market for digitalized beauty.
By Region
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Jan 18, 2024