The nutritional serum global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Nutritional Serum Market, 2024 The nutritional serum global market report 2024
Market Size –
The nutritional serum market size has grown strongly in recent years. It will grow from $5.84 billion in 2023 to $6.33 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to surge in aging population, increase in awareness about health and wellness, expansion of the sports and fitness industry, increase convenience of using serums, and rise in popularity of clean beauty products.
The nutritional serum market size is expected to see strong growth in the next few years. It will grow to $8.87 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to increasing preference for natural and organic ingredients, shift towards preventive healthcare, rise in vegan and vegetarian lifestyles, growing corporate wellness programs, and focus on immune health. Major trends in the forecast period include adoption of eco-friendly packaging solutions, innovation of nutritional serums that can be integrated with wearable health tech devices, innovations in formulation techniques, adoption of subscription-based models, and advancements in hybrid nutritional products.
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Scope Of Nutritional Serum Market The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Nutritional Serum Market Overview
Market Drivers –
The growing emphasis on personal care and beauty is expected to significantly drive the growth of the nutritional serum market in the coming years. Personal care and beauty encompass practices and products aimed at enhancing and maintaining an individual’s appearance and hygiene. This focus is driven by consumer demand for self-care, grooming, and aesthetic enhancement products and services. Nutritional serums deliver concentrated nutrients, vitamins, and antioxidants directly to the skin, improving hydration, texture, and radiance while addressing concerns such as dullness, aging, and uneven tone. For example, in October 2023, the Bureau of Labor Statistics, a US-based government agency, reported that personal care products and services saw a notable increase of 20.3% in 2022, up from 19.3% in 2021. Thus, the increasing focus on personal care and beauty is propelling the growth of the nutritional serum market through 2023, into 2024, and is projected to continue growing through 2028.
Market Trends –
Major companies operating in the nutritional serum market are focused on developing innovative skincare products, such as Vitamin serums, to meet the growing consumer demand for targeted skincare solutions. Vitamin serums refer to skincare products that are formulated with high concentrations of vitamins, such as Vitamin C, Vitamin E, or Vitamin A, designed to target specific skin concerns like brightening, aging, and hydration. For instance, in July 2024, Galderma S.A., a Switzerland-based pharmaceutical company, launched Cetaphil Vitamin C Serum and Cetaphil Ceramide Serum. Cetaphil’s Vitamin C Serum contains 3-O-ethyl ascorbic acid for antioxidant protection and dark spot reduction, while the Ceramide Serum uses ceramide, Centella Asiatica, and allantoin to repair and strengthen the skin barrier, offering 48-hour hydration and improved skin texture.
The nutritional serum market covered in this report is segmented –
1) By Type: Vitamin Serums, Antioxidant Serums, Hydrating Serums, Exfoliating Serums, Anti-Aging Serums, Brightening Serums, Anti-Acne Serums, Oil Control Serums, Skin-Tightening Serums, Other Types
2) By Skin Type: Dry Skin, Oily Skin, Normal Skin, Sensitive Skin
3) By Price: Low, Medium, High
4) By Distribution Channel: Online, Offline
5) By End Use: Men, Women
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Regional Insights –
Asia-Pacific was the largest region in the nutritional serum market in 2023. The regions covered in the nutritional serum market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are Procter & Gamble Company, Johnson & Johnson Services Inc., Unilever, L’Oréal S.A., Colgate-Palmolive, Estee Lauder Companies Inc., Beiersdorf AG, Shiseido Company Limited, Avon Products Inc., Coty Inc., Galderma S.A., Amorepacific Corporation, Mary Kay Inc., Nu Skin Enterprises, The Body Shop International Limited, KOSÉ Corporation, Revlon Inc., Melaleuca Inc., oung Living Essential Oils LC, Oriflame Holding AG, VLCC Health Care Limited, Natura Bisse International Inc., MamaEarth, Morrocanoil Inc., Tata Harper Skincare
Table of Contents
1. Executive Summary
2. Nutritional Serum Market Report Structure
3. Nutritional Serum Market Trends And Strategies
4. Nutritional Serum Market – Macro Economic Scenario
5. Global Nutritional Serum Market Size and Growth
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32. Global Nutritional Serum Market Competitive Benchmarking
33. Global Nutritional Serum Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Nutritional Serum Market
35. Nutritional Serum Market Future Outlook and Potential Analysis
36. Appendix
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