Led by Intelligence Analyst Anagha Hanumante
2017 was a banner year for beauty tech. From major beauty brands investing in augmented reality to an industry-wide push towards customized beauty products and experiences, technology-backed brands are transforming the sector.
Amidst a difficult retail environment, the beauty industry is thriving and is more crowded than ever. Investors made a record 149 deals in beauty worth $588M in 2017.
Direct-to-consumer beauty brands, as a whole, are chipping away at the market share of personal care incumbents who are responding with increased M&A activity, incubator and accelerator programs, new in-store technologies, and more.
We explore the top trends to watch in beauty in 2018, including:
- New pricing, distribution, and product development models
- How AI, 3D printing, and genomics are personalizing beauty recommendations for consumers
- In-store technologies that seek to engage beauty shoppers
- Beauty device integration with the smart home
- Increased overlap of the beauty industry with fitness, biotech, and other sectors
- Beauty incumbent strategies and responses to the rise of direct-to-consumer cosmetics brands
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