The Impact of Technology on the Future of Skincare Industry Growth

The skincare industry is undergoing a significant transformation driven by technology and evolving consumer demands. Valued at USD 109.7 billion in 2023, the global market is expected to grow to between USD 167 billion and USD 180 billion by 2030. India’s beauty and personal care sector is also expanding rapidly, projected to reach USD 30 billion by 2027 with a compound annual growth rate of 10–11%. This growth is not just about numbers; it reflects a deeper shift in how skincare products are developed, marketed, and consumed.

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