Dublin, Nov. 27, 2024 (GLOBE NEWSWIRE) -- The "Beauty Supplements Market by Form, Application, Distribution Channel - Global Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering.
The Beauty Supplements Market grew from USD 3.23 billion in 2023 to USD 3.53 billion in 2024. It is expected to continue growing at a CAGR of 9.33%, reaching USD 6.04 billion by 2030.
The report provides a detailed overview of the market, exploring several key areas:
- Market Penetration: A thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market Development: The report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market Diversification: In-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & Intelligence: A detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & Innovation: Insight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
The market is escalating due to growing consumer awareness around holistic wellness and the rising trend of preventive care. Factors like an increasing aging population desiring youthful appearance, along with influencers and social media platforms promoting beauty supplements, are driving substantial market growth. Simultaneously, the demand is broadened alongside the rise in disposable incomes, allowing consumers to invest in quality beauty regimens.
The market reveals significant opportunities in personalized nutrition solutions, catering to individual beauty needs. Investments into research on sustainable and organic ingredients can attract eco-conscious consumers. Brands can capitalize on these trends through strategic collaborations with dermatologists and nutritionists to enhance credibility. Additionally, the constant exploration of novel ingredients like collagen peptides, biotin, and hyaluronic acid promises fresh avenues for innovation. Geographical expansion, particularly in emerging markets like Asia-Pacific, presents vast potential due to consumer diversity and increased spending capacity on health supplements.
Still, market expansion faces its share of challenges. Regulatory hurdles and the need for extensive scientific validation can impede quick commercialization. Furthermore, market saturation with numerous brands offering similar products can dilute differentiation. Consumer skepticism based on fluctuating clinical trials and efficacy claims impacts market perception. Counterfeit products and associated safety concerns further hinder trust among users.
To spur growth, the industry must commit to heightened transparency in ingredient sourcing and efficacy. Focusing on robust scientific backing and clear consumer education to dispel myths and enhance trust is crucial. Leveraging technology for innovative delivery systems, such as gummies or powder forms, could also cater to convenience-seeking customers. The beauty supplements market, dynamic in nature, requires brands to remain adaptable and forward-thinking amid evolving consumer expectations and regulatory landscapes.
Beauty Supplements Market Dynamics
- Market Drivers
- Rise in demand for nutricosmetic globally
- Increasing interest in the development of more mainstream food and drink products with a beauty positioning
- Increasing demand of beauty supplements with natural origin
- Market Restraints
- Certain unwanted side effects if used without medical consultation
- Market Opportunities
- Innovative marketing strategies of beauty supplements
- Ongoing research & development to introduce novel beauty supplements
- Market Challenges
- Misinformation about beauty supplements
Key Company Profiles
The report delves into recent significant developments in the Beauty Supplements Market, highlighting leading vendors and their innovative profiles. These include Amway Corporation, Avon Products Inc. by Natura & Co Holding S.A., Axys Nutrition Products Private Limited, Beiersdorf AG, Clorox Company, DXN Holdings Bhd, Herbalife International, Inc., Hum Nutrition Inc., L'Oreal S.A., Lifes2good Inc., Meiji Holdings Company, Ltd., Murad LLC, Opus Skincare, LLC, Oriflame Cosmetics Global SA, and Pfizer, Inc.
Market Segmentation & Coverage
This research report categorizes the Beauty Supplements Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Form
- Capsules
- Liquid
- Oils
- Powder
- Soft Gels
- Tablets
- Application
- Hair Care
- Nail Care
- Skin Care
- Teeth care
- Distribution Channel
- Offline Mode
- Online Mode
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current size of the market, and how is it expected to grow?
- Which products, segments, and regions present the most attractive investment opportunities?
- What are the prevailing technology trends and regulatory factors influencing the market?
- How do top vendors rank regarding market share and competitive positioning?
- What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?
Key Attributes
| Report Attribute | Details |
| No. of Pages | 191 |
| Forecast Period | 2024-2030 |
| Estimated Market Value (USD) in 2024 | $3.53 Billion |
| Forecasted Market Value (USD) by 2030 | $6.04 Billion |
| Compound Annual Growth Rate | 9.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/9ticrg
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