Beauty Is A $667 Billion Business And Venture Capital Is Finally Paying Attention
Key summary
Statista projects the global beauty and personal care market will generate $667 billion in revenue in 2025.
The AI in beauty and cosmetics market was valued at $2.7 billion in 2023 and Market.us projects it will reach $16.4 billion by 2033 (about 20% CAGR).
Grand View Research estimates the broader beauty tech market at $66 billion in 2024, growing to $173 billion by 2030 (17.9% CAGR).
Venture capital flows into beauty have been uneven: sector funding peaked at $3.3 billion in 2021 and pulled back; through July 2024 beauty attracted $438.8 million in VC.
L'Oreal's venture arm BOLD has been among the most active corporate investors in beauty biotech; it led Debut's $40 million Series B in 2023 and participated in a $20 million round in 2025. Debut's proprietary datasets report 99% predictive consistency, and Debut was named to TIME100's Most Innovative Companies of 2025.
