Global Artificial Intelligence (AI) In Beauty and Cosmetics Market 2022 Analysis by Company Share and Growth by 2028

The global Artificial Intelligence (AI) In Beauty and Cosmetics market size was accounted at USD 2.70 Bn in 2021; It is projected to grow at a compound annual growth rate (CAGR) of 19.7% from 2022 to 2030. The beauty and cosmetic industry is experiencing a huge upsurge in the use of Artificial Intelligence (AI). Artificial Intelligence enables the industry to leverage the business by using various applications including developing recommendation engines to find new potential consumers, augmented reality & virtual mirrors enable consumers to select the best product as per their requirements and natural language which is personal beauty assistance expected to create the lucrative opportunity near the future. For instance, Let’s Get Ready is a virtual personal beauty assistant that offers more than 2,000 combinations of makeovers based on individual data. Let’s Get Ready displays visual tutorials, curated looks, beauty tips, and recommended products.Artificial Intelligence (AI) understands the data behind shopping habits that can be utilized to create virtual retail experiences by using digital platforms. Moreover, based upon similar products shoppers have viewed, liked, or purchased, Cosmetic companies can offer customized recommendations to consumers. Increasing in the e-commerce industry and technological advancement are expected to show lucrative growth in Artificial Intelligence in the beauty and cosmetic market. Moreover, an adaptation of these technologies by the cosmetic industry is expected to drive lucrative growth on market. For instance, at L’Oreal has developed an AI-based skin tracker sensor that can recommend the skin needs. The global artificial intelligence (AI) in beauty and cosmetics market size is expected to reach US$ 13.34 Billion by 2030, growing at a CAGR of 19.7% over the forecast period of 2022-2030. By region, North America dominates the market with a share of 42% of global artificial intelligence (AI) in the beauty and cosmetics market.

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Global Artificial Intelligence (AI) in Beauty and Cosmetics Market Revenue (US$ Mn) by Service/Product

Personalized Recommendation Tools
Performance Marketing Measurement Platforms
Demand Forecasting and Supply Chain Tools
Real-time Customer Service Platforms
AI-based Beauty Devices
Global Artificial Intelligence (AI) in Beauty and Cosmetics Market Revenue (US$ Mn) Based on Application

Skincare
Haircare
Make-up
Fragrances
Others

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Top Leaders

L’Oréal’s (Modiface
Hair Coach)
Beiersdorf (NIVEA SKiN GUiDE)
Olay (Skin Care App)
Shiseido (Optune System)
CRIXlabs (DBA Quantified Skin)
Procter & Gamble (Opte Wand)
Yours Skincare
My Beauty Matches
EpigenCare Inc.
mySkin
Haut.AI
Luna Fofo
Revieve
ANOKAI. CA.
Youth Laboratories
Pure & Mine
Glory Skincare
Nioxin
New Kinpo Group
Perfect Corp
Symrise (Philyra)
Function of Beauty LLC
Coty Inc. (Rimmel)
Estée Lauder
Sephora USA Inc
. (Virtual Artist)
Spruce Beauty
Givaudan
Beautystack and Polyfins Technology Inc among others

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The report endeavors to offer a 360-degree analysis of the global Market Research Report on the back of an insightful study of the prevailing demand and supply trends, important fiscal statistics of major players sustaining in the market, and the influence of latest economic advancements on the market. Developments in each geographical region is charted using authentic historical data with a view to help gauge the future trajectory of the market across the globe. SWOT analysis is conducted to identify the strengths, weaknesses, opportunities, and threats that these companies forecast to witness during the forecast period.

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