Market Insights Consumer Beauty & Personal Care

Beauty Tech - United States

United States

In 2024, the revenue in the Beauty Tech market in the United States is projected to reach €1.31bn.
It is estimated that the market will experience an annual growth rate of 2.47% (CAGR 2024-2029).
The United States stands out globally as the country generating the highest revenue in this market, reaching €1.31bn in 2024.
When considering the total population, the per person revenue in the United States is calculated to be €3.83 in 2024.
The Beauty Tech market encompasses various technological solutions related to beauty and cosmetic products, enhancing the overall consumer experience.
The United States is leading the way in Beauty Tech innovation with its development of cutting-edge AI-powered skincare devices.

Key regions: Canada, Indonesia, India, United States, South Korea

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Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.