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Personalized Skincare Market Worth USD 43.43 Billion to 2031 | Know in Detail with Latest InsightAce Survey Report

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Jersey City, NJ, May 02, 2023 (GLOBE NEWSWIRE) — The newly published report titled Global Personalized Skincare Market– By Trends, Industry Competition Analysis, Covid-19 Analysis, Revenue (US$ Billions) and Forecast Till 2031. of InsightAce Analytic showcases in-depth industry analysis and an extensive study on the market forecast, exploring its significant factors.

“According to the latest published InsightAce market report, Personalized Skin Care Market Size was valued at 18.55 Billion in 2022 & is predicted to reach 43.43 Billion by 2031 at a 10.1 % CAGR during the forecast period for 2023-2031”.

Every person’s skin type is different, so instead of the usual way of shopping, consumers need a medication tailored to their own needs. Personalized skincare products are designed and customized, taking into account various factors such as age, gender, skin type, genetic background, ingredients, skin problems, and user experience. Beauty companies collect consumer information in the form of questions, queries, consultations, digital format, or home inspection tools and use advanced technology and science to provide the most popular personalized skincare products. These products contain a variety of skincare options, including oils, face creams, lotions, serums, cleansers, and more.

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The technological advances in the beauty industry, adoption of the Internet and social media platforms by users to market products, high prevalence of skin and lifestyle diseases worldwide, increasing people’s choice in personal health care, rising consumer spending, rising R&D activities to develop advanced skincare products, surging personalized beauty treatments and products, and the use of AI (Artificial Intelligence) to develop cost-effective personalized skincare products are expected to drive the market growth opportunities in the coming years. The proliferation of skin, hair, and lifestyle changes has made consumers eager to find solutions to their specific skin problems. Therefore, growing consumer awareness about skincare is expected to fuel the market demand over the next few years. However, the high rates of customized skincare products and the few side effects associated with these products are estimated to slow down market growth over the forecast period.

The COVID-19 pandemic has had a negative impact on the beauty and cosmetics industry due to lockdown restrictions in various countries across the globe. However, Covid-19 has also encouraged the entire beauty industry to move online. The Covid-19 pandemic has accelerated existing consumer trends and propelled online activities to be more prevalent than offline activities, which produced the desires for various products in the consumers.

Key Industry Developments from Leading Players:

  • In November 2021, Coty Inc. (US), the world’s largest beauty company, collaborated with Orveda, an ultra-premium skincare brand made in France. The diversity-owned Haute-professional skincare offers the combination of the best of nature with cutting-edge dermatological and biotechnology benefits to help consumers achieve a healthy skin glow that rivals makeup
  • In August 2021, Function of Beauty (US), a leader in customizable hair, skin, and body care products, acquired Atolla, a personalized skincare company with a patented at-home skincare test and a data-driven product recommendation system that helps inform tailored formulations and regimens over time
  • In January 2021, Marianna Naturals Corp. (Canada) and Perfect Corp. launched a real-time skin diagnostic tool that analyzes four popular beauty concerns: spots, wrinkles, texture, and dark circles

The prominent players in the personalized skincare industry include:

  • Atolla (the US)
  • Ave & Edam (Germany)
  • Bare Anatomy (India)
  • Clinique Laboratories, LLC (the US)
  • CODAGE (France)
  • Coty Inc. (the US)
  • Curology, Inc. (the US)
  • DermaCare (the US)
  • Evrēdā Skincare (Canada)
  • FitSkin Inc (the US)
  • Function of Beauty (the US)
  • Glory Skincare (the US)
  • insitU Cosmetics Ltd. (UK)
  • IOMA Paris (France)
  • It’s The Buff (the US)
  • Kiehl’s LLC (the US)
  • Kura Skin, Laboté (the US)
  • Lancôme (France)
  • L’Occitane Group (France)
  • L’Oréal, Marianna Naturals Corp. (Canada)
  • My Beauty Matches (UK)
  • Neutrogena (the US)
  • Romy Paris (France)
  • Sequential Skin (UK)
  • Shiseido Company (Japan)
  • Skin Authority (the US)
  • Skin Inc. (Singapore)
  • SkinAI LLC (Our Skin) (the US)
  • SkinCeuticals (the US)
  • Skinsei Skincare (the US)
  • SKINSHIFT (the US)
  • SKINTELLI (the US)
  • EpigenCare (the US)
  • Vitruvi (Canada)
  • Younique, LLC (the US)
  • Yours Skincare (the US)

Personalized Skin Care Market Report Scope:

Report Attribute Specifications
Market Size Value In 2022 USD 18.55 Billion
Revenue Forecast In 2031 USD 43.43 Billion
Growth Rate CAGR CAGR of 10.1 % from 2023 to 2031
Quantitative Units Representation of revenue in US$ Billion and CAGR from 2023 to 2031
Historic Year 2019 to 2022
Forecast Year 2023-2031
Report Coverage The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends
Segments Covered By Product, By Application
Regional Scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Personalized Skincare MarketRegional Analysis:

North America is projected to hold the highest revenue share of the personalized skincare market over the forecast years due to the rising awareness among the population about personal care, growing healthcare expenditure, and increasing innovations of personalized skincare products. Apart from this, Asia-pacific is estimated to be the rapidly growing regional market in the coming years, owing to the rising health-conscious people, growing skin problems, and increasing R&D investments to innovate effective and safe skincare products.

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The Global Personalized Skincare Market Segments:

The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Products

  • Face Cream
  • Moisturizing Lotion
  • Face Serum
  • Face Cleanser
  • Other Products

The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Applications

  • Consultation/digital questionnaires
  • Apps and specialized hardware
  • Home test kits
  • Other IoT/AI Based technologies

The Global Personalized Skincare Market Estimates (Value US$ Billion) & Forecasts and Trend Analyses, 2019 to 2030 based on Region

  • Europe
  • North America
  • Latin America
  • Asia Pacific
  • Middle East & Africa

North America Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

  • U.S.
  • Canada

Europe Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

  • Mexico
  • Rest of Latin America

The Middle East & Africa Personalized Skincare Market Estimates Revenue (US$ Billion) by Country, 2019 to 2030

  • GCC Countries
  • South Africa
  • Rest of the Middle East & Africa

Get Customized Report @ https://www.insightaceanalytic.com/customisation/1165

About Us:

InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.

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Artificial Intelligence

Universal Robots and MiR open new robotics hub in Denmark

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Global robotics leaders Universal Robots (UR) and Mobile Industrial Robots (MiR), both Teradyne Robotics companies, will share headquarters to increase synergies and accelerate innovation within advanced robotics. 
ODENSE, Denmark, May 14, 2024 /PRNewswire/ — Universal Robots, the Danish collaborative robot (cobot) company, and MiR, the Danish manufacturer of AMRs (autonomous mobile robots), today celebrated the Grand Opening of their new 20,000 sqm headquarters in Odense, Denmark.

Partners from UR and MiR’s global ecosystems attended the event, including NVIDIA and Siemens, with whom Teradyne Robotics and its companies have recently announced several collaborations.
“The launch of this new headquarters marks a significant milestone for Teradyne Robotics as we bring together two leading companies in robotics innovation,” says Ujjwal Kumar, Group President of Teradyne Robotics. “We will now have the optimal environment to evolve our technological capabilities, which are already in high demand.”
On the new robotics hub, Jean-Pierre Hathout, President of MiR, said:”Our new headquarters is designed to foster innovation, providing the perfect setting for our teams to develop leading-edge solutions that will revolutionize automation. MiR is committed to being a one-stop-shop for material handling, continuously advancing our technology to meet the evolving needs of our large, global customers. Our recently launched AI-powered MiR1200 Pallet Jack exemplifies this dedication. I’m thrilled to witness the transformative impact of our endeavors and to showcase MiR’s and UR’s offerings to our customers and partners at this state-of-the-art facility.”
Kim Povlsen, President of Universal Robots, added:”Since our foundation, UR has become a platform of choice for thousands of customers and hundreds of ecosystem partners. This beautiful building reflects our strong design philosophy and provides the perfect location for us to continue our mission to deliver automation for anyone, anywhere.”
Transformative power of advanced automationThe opening included a panel discussion featuring Deepu Talla, Vice President of Robotics and Edge Computing of NVIDIA, Rainer Brehm, CEO of Siemens Factory Automation, and Ujjwal Kumar, Group President of Teradyne Robotics. The panelists discussed the use of physical AI across industries, underscoring the transformative power of advanced automation for businesses and workplaces.
Photos from the Grand Opening and a recording of the panel discussion can be viewed on UR and MiR social media channels and will soon be available here.
New HQ factsPictures
About URAbout MiRAbout Teradyne Robotics
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Mullen Coughlin LLC Adds DFIR Professional, Chris Ballod, to Incident Response Team

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DEVON, Pa., May 14, 2024 /PRNewswire/ — Mullen Coughlin LLC, a leading international data privacy and security law firm, proudly announces the addition of Chris Ballod  to the Incident Response team as Senior Partner.

With a legal and professional career spanning over two decades where he held prominent positions within the cyber insurance ecosystem, including most recently as Associate Managing Director for a well-known cybersecurity risk management and digital forensic incident response (DFIR) firm, Chris possesses a deep understanding of the complicated and nuanced data privacy legal landscape and real-life experience in leading forensic investigations into hundreds of various types of data privacy incidents.
“It is my great honor to join the team that made the incident response community what it is today. The attorneys and staff at Mullen Coughlin are some of the best and most experienced in the field, and I am excited for us to face the future of this industry together,” says Chris about joining the Firm. 
Chris’s addition reinforces Mullen Coughlin’s commitment to delivering effective and efficient legal services tailored to each organization’s unique needs – prior, during, and after a data privacy and security incident. With a proven record of success for organizations around the globe, Chris’s knowledge and experience further strengthens Mullen Coughlin’s ability to provide unmatched cybersecurity and data privacy legal counsel to organizations of all sizes and across all industry sectors.
“The addition of our friend, and now colleague, is another chapter in the Firm’s dedication to one theme – One Firm, One Focus: Cyber,” says Mullen Coughlin CEO John F. Mullen . “I’ve worked with Chris for many years, both at previous law firms and as a business partner, and know that he will make an immediate impact here and for our clients and cyber insurance partners.”
Mullen Coughlin Managing Member, Jennifer A. Coughlin , adds, “Chris is recognized by all in the market as having unmatched legal and forensic investigatory experience, and we are excited for him to utilize this experience to further solidify the Firm’s established reputation as the go-to law firm for data privacy and incident response legal counsel, consistently delivering on the needs of the cyber insurance industry.”
Mullen Coughlin has managed over 25,000 data privacy and security incidents on behalf of organizations of all sizes, across all industry sectors and from all geographic locations. Mullen Coughlin has over 120 experienced attorneys solely dedicated to providing bespoke counsel relating to pre-incident Advisory Compliance  services and solutions; data privacy and security incident response ; regulatory investigation ; and security and privacy litigation  defense. For more information, please visit www.mullen.law .

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QorusDocs’ New AI-Powered Solution, QPilot, Transforms RFP and Proposal Development

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Specialized, private and secure AI features return immediate ROI to professional services firms
BELLEVUE, Wash., May 14, 2024 /PRNewswire/ — QorusDocs, an AI-powered proposal management software provider, today announced QorusDocs’ QPilot, a new secure and private AI service that exponentially simplifies the task of crafting pitches, proposals and RFP responses for professional services firms.

Core Features Ensure Security, Privacy and Immediate ROI
QorusDocs’ QPilot AI service, built on the Microsoft Azure OpenAI Service, offers unparalleled security and privacy for firm’s private content libraries, past RFPs, proposals and internal content.
QPilot gives users access to pre-built and customizable prompts that make it indispensable for professional services teams, who frequently work with biographies, credentials and project records in volume, and need to craft compelling written and visual presentations.
By allowing secure, targeted access to a firm’s sensitive documents and content, QPilot produces advantages for proposal creators not found in other generative AI software. This allows business development teams to focus on high-value client engagement, instead of mundane tasks.
QorusDocs AI Assistant, QPilot, brings the following benefits to users:
Accelerates research, personalization, and creation of tailored content Streamlines workflows directed towards high-value, winnable bids Integrates seamlessly with Microsoft 365 apps for ease of use “We developed QorusDocs’ QPilot as part of our continued focus on expanding our AI footprint to help service-based businesses revolutionize their proposal process,” said Ray Meiring, CEO and co-founder of QorusDocs. “During our testing phase, we verified common use cases for professional services teams and gathered feedback to ensure the first version of QorusDocs’ AI Assistant, QPilot, returns immediate time to value to our customers.”
The Verdict is in: Customers Love QorusDocs’ QPilot 
“QorusDocs’ AI platform has brought significant efficiency gains to TRC’s proposal process”, explained Dr. Stephen R. Galati, Vice President, Strategic Proposals, TRC Companies, Inc. “Before QorusDocs’ QPilot, we would spend time searching for information and refining it into proposals. Now, with QorusDocs’ QPilot, we’ve experienced notable productivity gains, specifically planning, resource, writing, collaboration and time efficiencies, allowing our team to focus on the technical content rather than stylistic elements. QorusDocs’ seamless integration with Microsoft 365 apps provides fast access to information and gives us a strong level of confidence in data security.” 
Customer and Analyst Acclaim 
Known for its compelling platform, QorusDocs has received top honors by SoftwareReviews in its research analysis. In April 2024, QorusDocs was ranked #1 in product performance and Champion in Emotional Sentiment in the Proposal Management category.
In line with its existing platform, QorusDocs’ QPilot has already earned high praise from customers and analysts who have used the preview version, with 100% of users reporting productivity increases. 
“Generative AI is creating exponential opportunities across the professional services industry, shared Robert Garmaise, Vice President of Artificial Intelligence Research at Info-Tech Research Group. QorusDocs is both a leader and chief catalyst in this transformation, as they streamline critical sales deliverables such as pitches, proposals and RFP responses. QorusDocs is a no-brainer for any professional services partner looking to maximize their reach while minimizing non-billable time.”
QorusDocs’ AI Assistant, QPilot will be available on June 5, 2024.
To see how QorusDocs’ QPilot can transform your proposal processes, visit QorusDocs AI Assistant | QPilot.
ABOUT QORUSDOCS QorusDocs, based in Bellevue, Wash., is a leader in AI-powered proposal management and RFP response software that automates the creation of personalized pitches, presentations, proposals, and RFP responses. QorusDocs empowers business development, sales, marketing, and proposal teams to collaborate seamlessly, optimizing billable hours and increasing client wins. The company supports enterprise revenue teams from companies like WSP, CDW, DLA Piper, Baker McKenzie, Insight and more. 
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