BEAUTY DEVICES MARKET ANALYSIS

Beauty Devices MarketSize and Trends

Global beauty devices market was valued at US$ 125.7 Billion in 2022 in terms of revenue, exhibiting a CAGR of 5.4% during the forecast period (2023 to 2030).

Figure 1. Global Beauty Devices Market Value Share (%), By Region, 2022

Figure 2. Global Beauty Devices Market Value Share (%), By Product Type, 2022

The hair removal device segment dominated the global beauty devices market in 2022 accounting for 21% share in terms of value, followed by cleansing and acne device segments.

Market Trends

Increasing preferences for at-home beauty devices

Increasing preferences for at-home beauty devices that are easy to use for acne and hair removal is one of the growing market trends. At-home beauty devices are portable and easy to use. They are gaining huge demand due to an increasing availability of home solutions. These devices are witnessing tremendous demand on the account of a rise in young population and middle age population around the globe.

Changing lifestyle coupled with growing disposable income

Changing lifestyle coupled with growing disposable income is projected to bolster the global beauty devices market growth. Improving living of standard and constantly changing fashion trends are two other major factors propelling the global beauty devices market growth. Also, an increasing number of working women is further creating demand for such devices, thereby fuelling the global beauty devices market growth.