Global Beauty Supplements Market Size By Product Type, By Form, By Ingredients, By Geography Scope And Forecast

Beauty Supplements Market Size And Forecast

Beauty Supplements Market size was valued at USD 2.90 Billion in 2023 and is projected to reach USD 4.23 Billion by 2030, growing at a CAGR of 5.55% during the forecast period 2024-2030.

Global Beauty Supplements Market Drivers

The market drivers for the Beauty Supplements Market can be influenced by various factors. These may include

• Growing Interest in Beauty and Wellness among Consumers Consumers are looking for beauty supplements as part of their daily routine to improve the health of their skin, hair, and nails due to increased knowledge of and focus on overall beauty and wellness.
• Increasingly Elderly Population The ageing population has increased demand for cosmetic supplements with anti-aging properties, particularly in developed regions. Products that promote skin hydration, elasticity, and general health are in high demand.
• Influence from Social Media on Beauty Trends Beauty trends and influencers on social media platforms are major factors driving the market for beauty supplements. Customers frequently search for goods that fit in with popular beauty trends and are recommended by influencers.
• Enhanced Knowledge about Nutricosmetics The use of vitamins to enhance skin health from the inside out, or nutricosmetics, is an idea that has grown in favour. This group includes beauty supplements that provide advantages including antioxidant protection and collagen assistance.
• The market for organic and natural ingredients Supplements for beauty that contain natural and organic substances are becoming more and more popular. Due to their alleged health benefits, products with vitamins, minerals, and plant extracts are preferred.
• Growth of E-commerce and Online Accessibility A large selection of beauty supplements are now easily accessible thanks to the expansion of e-commerce platforms. Online product exploration and purchases by customers help to grow the market.
• Novelties in the Formulation of Products New formulas for beauty supplements have been made possible by ongoing research and development activities. Products with cutting-edge components, innovative delivery methods, and promises supported by science draw in customers.
• Trends in Health and Wellbeing A holistic approach to beauty has been adopted by consumers as a result of the larger health and wellness movement, which takes into account the relationship between appearance, lifestyle, and nutrition.
• Environmental Factors and Stressful Lifestyles Skin and hair issues are caused by a variety of reasons, including UV radiation, environmental pollutants, and stressful lifestyles. Supplements for beauty that make these claims appeal to customers looking for all-encompassing answers.
• Trends in Personalisation and Customisation Companies that provide individualised or adaptable beauty supplement regimens according to consumer requirements and preferences are becoming more popular. Customers value individualised strategies for achieving their wellness and beauty objectives.
• Collaborations and Endorsements by Celebrities The market is growing as a result of celebrity endorsements and partnerships between beauty brands and celebrities. Celebrities frequently reveal their beauty regimens, which may involve using supplements, which may have an impact on customer decisions.
• Safety Standards and Support from Regulations Consumer trust in the beauty supplement sector is bolstered by safety standards compliance and well-defined regulatory frameworks. Regulation-compliant products have a higher chance of winning over customers.
• Increase in Male Grooming and Beauty cosmetic supplements are now part of the growing industry for male grooming and cosmetic goods. Men are thinking more and more about taking supplements to take care of their skin, hair, and general grooming needs.

Global Beauty Supplements Market Restraints

Several factors can act as restraints or challenges for the Beauty Supplements Market. These may include

• Difficulties with Labelling and Regulatory Compliance The market for beauty supplements has difficulties with labelling regulations and compliance. It can be difficult to ensure that product labels are accurate and compliant, particularly when it comes to health claims.
• Safety and Quality Issues Customers’ confidence may be impacted by worries about the efficacy and safety of cosmetic supplements. Potential buyers may become more cautious and scrutinise a product after hearing about negative impacts or contamination instances.
• Insufficient Scientific Data There may not be enough solid scientific data to support the effectiveness of some beauty supplements. The industry has trouble proving some chemicals and formulas have a solid scientific basis.
• Overall scepticism and cautious shopping habits Some consumers continue to harbour doubts over the efficacy of beauty supplements. scepticism about getting noticeable outcomes and misbelief in product claims might lead to cautious customer behaviour.
• Individual Variability in Responses Individual differences exist in the efficacy of beauty supplements because of things like genetics, lifestyle, and general health. Due to this variety, opinions about the product may be impacted by conflicting reviews and experiences.
• Regarding Costs Certain beauty supplements can be rather pricey, and consumers’ decisions to buy may be influenced by this. Expensive costs might prevent some products from being available to a wider range of consumers.
• Topical beauty products’ competition Traditional topical beauty products like skincare creams and serums compete with beauty supplements. When it comes to managing beauty difficulties, some consumers might prefer topical remedies over inside supplements.
• The intricacy of wellness and beauty Because wellbeing and beauty are intertwined, a comprehensive approach is necessary. It could be difficult for some customers to understand the nuances of adding beauty supplements to their regimens for general health and wellness.
• False Claims in Marketing The market for beauty supplements has experienced difficulties because of false advertising claims. Exaggerated or overly optimistic statements could make customers unhappy if the products don’t come up to expectations.
• Consumer Education and Awareness Market expansion may be hampered by a lack of knowledge and comprehension of the advantages of particular components or formulations. Establishing customer trust requires educating consumers about the science underlying beauty supplements and their possible advantages.
• Issues with Texture and Taste Some supplements for beauty, particularly those that are liquid or powder-based, may have taste and texture issues. Tastes that are unpleasant or formulas that are challenging to consume could deter regular use.
• Uncertainties in the global economy Uncertainties or downturns in the economy may affect consumer expenditure on non-essential items, such as supplements for cosmetics. Purchase behaviour may be influenced by economic factors that influence disposable income.
• Supply Chain Interruptions Events or pandemics that produce disruptions in the supply chain can affect the availability of components and final products, making it more difficult to meet market demand.

Global Beauty Supplements Market Segmentation Analysis

The Global Beauty Supplements Market is Segmented on the basis of Product Type, Form, Ingredients, and Geography.

Beauty Supplements Market, By Product Type

• Collagen Supplements Collagen supplements aim to support skin elasticity and hydration. Collagen is a protein that plays a key role in skin structure.
• Vitamins and Minerals Supplements Supplements containing vitamins (e.g., A, C, E) and minerals (e.g., zinc) essential for skin, hair, and nail health.
• Omega Fatty Acids Supplements Supplements containing omega-3 fatty acids, such as fish oil, which are believed to support skin health.
• Antioxidant Supplements Supplements containing antioxidants like vitamin C and E, which may help protect the skin from oxidative stress.
• Amino Acid Supplements Amino acids, the building blocks of proteins, are sometimes included in supplements for their potential benefits to skin and hair.
• Others (Coenzyme Q10, Hyaluronic Acid, etc.) Supplements may include other ingredients like coenzyme Q10 and hyaluronic acid, believed to have skincare benefits.

Beauty Supplements Market, By Form

• Capsules/Tablets Beauty supplements are commonly available in capsule or tablet form, offering convenience and ease of consumption.
• Powders Some supplements come in powder form, allowing for customization and versatility in consumption (e.g., mixing with beverages).
• Softgels Softgel capsules are another form of delivery for beauty supplements, often used for ingredients like fish oil.
• Liquid Liquid formulations, such as beauty drinks, provide an alternative for those who prefer liquid supplements.

Beauty Supplements Market, By Ingredients

• Natural and Organic Ingredients Beauty supplements containing natural and organic ingredients, appealing to consumers seeking clean and sustainable options.
• Synthetic Ingredients Supplements may contain synthetically produced vitamins and minerals to achieve specific formulations.
• Collagen Sourced from Marine/Animal/Plant Origins Collagen supplements may be derived from marine sources (fish), animal sources (bovine), or plant-based sources (e.g., collagen peptides from plants).

Beauty Supplements Market, Geography

• North America Market conditions and demand in the United States, Canada, and Mexico.
• Europe Analysis of the Beauty Supplements Market in European countries.
• Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
• Middle East and Africa Examining market dynamics in the Middle East and African regions.
• Latin America Covering market trends and developments in countries across Latin America.

Key Players

The major players in the Beauty Supplements Market are

• Amway
• Asahi Group Holdings, Ltd.
• HUM Nutrition Inc.
• Pfizer Inc.
• Meiji Holdings Co., Ltd.
• The Boots Company
• Murad
• BeautyScoop
• NeoCell Corporation
• Lifes2good
• Dr. Barbara Sturm
• Vitabiotics Ltd.
• Reserveage Nutrition Llc.
• Love Beauty and Planet

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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