Global artificial intelligence (AI) in beauty and cosmetics market is anticipated to grow at a significant CAGR of 19.6% during the forecast period (2024-2031). AI-powered skincare tools use computer vision and machine learning algorithms to analyze skin conditions, provide personalized skincare recommendations, and enable virtual try-ons and makeup simulations. It additionally analyze skin tone, undertones, and other factors to recommend personalized makeup shades. AI-powered recommendation engines analyze consumer data to provide personalized product suggestions. AI technologies aid in ingredient analysis and formulation optimization, supporting beauty companies develop innovative products. AI-driven chatbots and virtual advisors provide personalized beauty advice and answer product-related questions. Facial recognition technology tracks skin condition changes, enabling users to monitor skincare effectiveness. 

Recent developments in the market:

·        In January 2023, Estée Lauder Companies launched its Voice-Enabled Makeup Assistant (VMA) app, an AI-powered mobile app designed to assist visually impaired users in applying makeup more confidently.

·        In September 2022, Perfect Corp launched new AI tech that enables beauty brands to make personalised product recommendations tailored to consumers’ personality traits. A new addition to his suite of AI and AR-powered SaaS solutions.

·        In December 2021, Nykaa launched AI-powered virtual try-on tech'ModiFace' for beauty shoppers. The ModiFace's virtual try-on technology utilizes an advanced face tracker algorithm to provide a real-time, true-to-life view of virtual cosmetics for safety and hygiene in the post-pandemic globe.

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Market Coverage

•                 The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

·        By Product 

·        By Application

Regions Covered-

•       North America

•       Europe

•       Asia-Pacific

•       Rest of the World

Competitive Landscape- Aiir Ltd.,Perfect Corp., HiMirror, L’Oréal S.A, and Unilever Group among others.

Artificial Intelligence (AI) In Beauty and Cosmetics Market Report Segment

By Product 

•       Personalized Recommendation Tools

•       Performance Marketing Measurement Platforms

•       Demand Forecasting and Supply Chain Tools

•       Real-time Customer Service Platforms

•       AI-based Beauty Devices

By Application

•       Skincare

•       Haircare

•       Make-up

•       Fragrances

•       Others (Nail Care,Oral Care, and Body Care)

A full Report of Artificial Intelligence (AI) In Beauty and Cosmetics Market is Available @  https://www.omrglobal.com/industry-reports/ai-in-beauty-and-cosmetics-market

Artificial Intelligence (AI) In Beauty and Cosmetics Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

•       Aiir Ltd.

•       Amorepacific Corp.

•       Beiersdorf AG

•       Coty Inc.

•       Estée Lauder Co.

•       FOREO

•       HiMirror

•       Johnson & Johnson Services, Inc.

•       L’Oréal S.A

•       Meitu, Inc.

•       ModiFace Inc. 

•       Nu Skin Enterprises Inc.

•       Perfect Corp.

•       Posh, Inc.

•       Proven

•       Revieve

•       Shiseido Cosmetics 

•       SkinVision

•       Unilever Group

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