The skin care supplements global market report 2024 from 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.
Skin Care Supplements Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The skin care supplements market size has grown strongly in recent years. It will grow from $2.64 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to a shift towards natural and organic products, celebrity endorsements and influencer marketing, changing lifestyles and environmental factors, a rise in the aging population, and increased interest in supplements.
The skin care supplements market size is expected to see strong growth in the next few years. It will grow to $3.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to increasing consumer focus on overall health, ingredient transparency, increasing awareness of skincare issues, rising disposable income, and expansion of distribution channels. Major trends in the forecast period include advances in formulation technologies, partnerships and acquisition, technological advancement, collaborations and endorsements by celebrities, and product innovations.
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Scope Of Skin Care Supplements Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Skin Care Supplements Market Overview
Market Drivers –
The growth of e-commerce and online accessibility is expected to propel the growth of the skin care supplement market going forward. E-commerce and online accessibility refer to making digital platforms user-friendly and navigable for people with disabilities, ensuring equal access to goods and services on the Internet. The increasing prevalence of e-commerce and online accessibility is propelled by evolving consumer preferences towards convenience and the widespread adoption of digital technologies for shopping. E-commerce enables skin care supplement brands to reach new markets and target niche audiences that may not have been accessible through traditional retail channels. Online platforms provide opportunities for skin care supplement brands to increase their visibility through digital marketing strategies such as social media advertising, influencer partnerships, and search engine optimization. For instance, in November 2023, according to the International Trade Administration, a US-based Department of Commerce, retail e-commerce sales in Canada were projected to exceed $40.3 billion by 2025, up from $2.34 billion in March 2022. Therefore, the growth of e-commerce and online accessibility is driving the growth of the skin care supplements market.
Market Trends –
Major companies in the skincare supplement market are focusing on innovative solutions, such as hydration gummies, to sustain their position in the market. Hydration gummies refer to chewable supplements infused with electrolytes like sodium and potassium, designed to replenish fluids and essential minerals in the body, especially during physical activity or times of dehydration. For instance, in November 2023, Neutrogena, a US-based cosmetics company, launched Neutrogena Skin Hydration Gummies. This supplement is formulated with hydrating hyaluronic acid and powerful antioxidants. These gummies promote skin moisture retention and protect against environmental stressors. It offers a convenient and delicious addition to the skincare routine, and it helps maintain a hydrated and radiant complexion.
The skin care supplements market covered in this report is segmented –
1) By Product Type: Oral Supplements, Topical Supplements
2) By Content Type: Organic, Chemical
3) By Gender: Female, Male
4) By Distribution Channel: Online, Offline
5) By Application: Skin Aging, Skin Hydration, Acne And Blemishes, Skin Brightening, Other Applications
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Regional Insights –
North America was the largest region in the skin care supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin care supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the skin care supplements market are Nestlé S.A., Johnson & Johnson Services Inc., Procter & Gamble Company, Unilever plc, Estée Lauder Companies Inc., Arbonne International LLC, Kao Corporation, Amway Corporation, Meiji Holdings Co. Ltd., LG Household & Health Care Ltd., Coty Inc., Avon Products Inc., Mary Kay Inc., Clarins Group, Nu Skin Enterprises Inc., Kose Corporation, Melaleuca Inc., Shaklee Corporation, Plexus Worldwide LLC, Nature’s Sunshine Products Inc., Murad LLC, Vitabiotics Ltd., Modere Inc., LifeVantage Corporation, Neutrogena Corporation, Mannatech Incorporated, Isagenix International LLC, Jeunesse Global Holdings LLC, TCH Inc.
Table of Contents
1. Executive Summary
2. Skin Care Supplements Market Report Structure
3. Skin Care Supplements Market Trends And Strategies
4. Skin Care Supplements Market – Macro Economic Scenario
5. Skin Care Supplements Market Size And Growth
…..
27. Skin Care Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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