Beauty supplements contain essential vitamins, minerals, and other ingredients that nourish skin and hair from within. They help enhance beauty by maintaining overall well-being and nourishment of the body. Rising health consciousness among consumers has increased the demand for beauty supplements to maintain youthful looks from inside out.
The global Beauty Supplements Market is estimated to be valued at US$ 2823.15 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Rising focus on health and wellness among millennials is a key trend fueling the growth of the beauty supplements market. Millennials are increasingly becoming conscious about their diet, lifestyle, and overall well-being. They are inclined toward natural and herbal supplements to achieve radiant skin and hair from within. According to a survey, over 62% of millennials are willing to pay a premium for supplements targeting specific beauty issues such as hairfall, dark circles, dull skin etc. Companies are launching personalized and result-oriented beauty supplements catering to millennials’ preferences to gain a competitive edge in the market.
Segment Analysis
The global beauty supplements market is segmented into product type, form, distribution channel, and geography. The product type segment is further divided into vitamins, herbal, proteins, and others. Among these, the vitamins sub-segment dominates the market owing to increasing beauty consciousness and awareness regarding potential benefits of vitamin supplements for skin, hair & nails.
Key Takeaways
The Global Beauty Supplements Market Demand is expected to witness high over the forecast period owing increasing awareness regarding beauty and wellness products among consumers. Rapid urbanization coupled increasing purchasing power of middle class is encouraging market growth. The global Beauty Supplements Market is estimated to be valued at US$ 2823.15 Mn in 2023 and is expected to exhibit a CAGR of 8.8% over the forecast period 2023 to 2030.
Regional analysis
The North American region is expected to be the fastest growing market for beauty supplements during the forecast period. Growing concerns over looks and appearance along with increasing expenditure on personal care in the US and Canada is fueling market growth.
Key players
Key players operating in the global beauty supplements market are Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., Maccaferri SPA, and Tensar International Ltd. These players are focusing on new product launches and expansion strategies to gain more market share.
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COVID-19 Impact Analysis on Beauty Supplements Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
The report encompasses data regarding market share and recent developments by key players.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the beauty supplements market include Herbalife International of America Inc., GNC Holdings Inc., The Nature’s Bounty Co, Bayer AG, Garden of Life, Suntory Holdings Limited, Taisho Pharmaceutical Co. Ltd., Swisse Wellness Pty.
Ltd., Pharmavite LLC, Pfizer Inc., Blackmores.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Beauty Supplements Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/beauty-supplements-market/download-sampleMarket DynamicsBeauty supplements grow in popularity as the baby boomer generation ages and extended to maintain its youthful glow.
