Disruptive Technology Foresight – Global Cosmetics and Skincare Industry
According to our technology research report “Disruptive Technology Foresight – Cosmetics and Skincare Industry” cosmetics and skincare companies have great opportunities to grow in a fiercely competitive market by utilizing genomics, 3D printing, internet of things and light & heat-activated technologies for their product development.
The beauty & cosmetic industry is a multi-billion-dollar industry that is known to stay strong even in times of economic strife. Disruptive technologies in the cosmetic industry have changed the face of this industry, it has prompted the biggest names to change their approach to the market. Consumers are looking for an interactive experience with their cosmetics brands, they want their products to be clean, natural and personalized according to their skin type and condition. Changing consumer behavior has brought new innovations to the market such as the use of Artificial intelligence, augmented reality, personalization, digitalization and virtual reality. Machine learning, 3D printing and genomics are some other key technologies that are being utilized for product development. The beauty industry disruption is no more a trend instead of a significant tidal shift which is now demanding the attention of some of the biggest names in beauty.
“Rising demand for innovative and smart technology-based cosmetic products creates potential opportunities for key industry leaders and emerging players both to innovate and develop new products in accordance with consumer preferences.”
Emerging Players in the Market:
- Hero Cosmetics
- One Ocean Beauty
- AO Biome
- Curativa Bay
- Galactic Beauty
Global Cosmetic and Skincare Industry Key Trends
Key trends fostering the disruption in cosmetics and skincare industry includes numerous factors such as a shift of consumer preference towards natural or organic cosmetic products, demand for tailored and adaptive personalization in products, a strong desire among consumers to retain youthful appearance with a fully interactive experience, a shift in consumer purchasing behavior for experiencing before purchasing, increasing demand of personalized dermo-cosmetics and shift in customer preference towards services like beauty at home and personalized subscription boxes.
This report explores the current cosmetic market ecosystem, market trends and future disruptions in the cosmetics and skin-care industry. The report provides key technologies that will drive the future market. It gives a detailed overview of technologies, trends and detailed analysis for their impact on the market with adoption level among consumers, market opportunities and the technology readiness level. The report also includes the key market leaders and their profiles and innovations in the field.
- Estee Lauder
- Procter & Gamble
- Coty Inc.
- Johnson & Johnson
Key Highlights of Report
- Provide insights into current cosmetic market ecosystem
- Market trends and future disruptions in cosmetics and skincare
- Key technologies that drive future market
- Detailed analysis of technologies and their impact on the market
- Market opportunity and technology readiness level
- Key market leaders and their profile and innovations in the field.