Press release
Beauty Supplements Market May Set Epic Growth Story 2024 - 2031 | Amway, Asahi Group Holdings, Ltd., Asahi Group Holdings
Beauty Supplements Market
The global beauty supplements market was valued at US$ 2,674.7 million in 2022 and is anticipated to register a CAGR of 5.55% in terms of revenue, over the forecast period (2023 - 2030), to reach US$ 4,120.1 million by 2030.
Market Dynamics:
The global beauty supplements market is witnessing significant growth, which is attributed to increasing consumer preference for beauty supplements over cosmetic products and growing demand for supplements offering multivitamins and minerals. Consumers increasingly desire natural and sustainable products, leading manufacturers to offer beauty supplements with organic and plant-based ingredients. Furthermore, rising awareness about consumption of supplements to obtain radiant skin from within is surging the adoption of beauty supplements among individuals of all ages.
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Beauty Supplements Market Drivers: Increasing popularity of self-care and inner beauty
The beauty supplements market is witnessing significant growth due to changing outlook towards wellness and self-care globally. Earlier physical beauty was considered as the only definition of beauty however now people focus more on inner beauty and health which leads them to adopt beauty supplements. With busy lifestyles and high stress levels, supplements have become an easy and quick fix way to boost health from within. Moreover, rising influence of social media and emerging beauty influencers promote the idea of healthy and glowing skin being a result of what you eat and not just external cosmetics. This change in perception is a major factor driving more consumers to opt for dietary supplements and vitamins to enhance their health and achieve better looking skin and hair from the inside out.
Beauty Supplements Market Opportunity: Increasing penetration in emerging economies
Emerging economies in Asia Pacific and Latin America present significant growth prospects for beauty supplements market. These regions are witnessing rising spends on health, wellness and personal care due to growing disposable incomes and exposure to global beauty trends through online media and e-commerce. Factors such as expanding middle class, increasing consciousness about nutrition, gym culture and appearance boosting are steering more consumers towards dietary supplements. Particularly young demographics are fast adopting beauty supplements as part of their everyday health and cosmetic regime. Moreover, supplements are perceived as a premium wellness product in developing nations. Leading global players can leverage the opportunity by introducing affordable, customized product formulations and marketing campaigns to suit local tastes. Geographically expanding into high potential emerging markets will be vital for business expansion of beauty supplements companies.
Beauty Supplements Market Trends: Innovations in delivery formats
Constant product innovation is a key trend being witnessed in the beauty supplements industry. Manufacturers are focusing on upgrading delivery systems and formulations to enhance absorption and bioavailability of ingredients. Some of the innovative formats gaining popularity include beauty or jelly supplements that are chewable and more enjoyable for customers compared to routine pills and capsules. Similarly, beauty shots and elixirs containing high doses of active ingredients in liquid form are trending as they are quick dissolving and easily consumable on the go. Another noticeable innovation is customized beauty powders - concentrated formulations of specific supplements that can be mixed into beverages, yogurt or other foods as per convenience. Such advanced delivery modes are pivotal in making supplements more appealing, flavorsome and boosting compliance for regular intake amongst young consumers. Novel formats will remain central to brands sustaining attention and driving repeat sales in the competitive supplements landscape.
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Top Companies Included in This Report:
★ Amway
★ Asahi Group Holdings Ltd.
★ Asahi Group Holdings Ltd.
★ HUM Nutrition
★ Pfizer Inc.
★ Meiji Holdings Co., Ltd.,
★ Everest NeoCell LLC.
★ Reserveage Nutrition
★ Vitabiotics Ltd.
★ The Boots Company PLC
★ Murad Europe Ltd
★ among others.
Market Segmentation:
By Product Type:
★ By form: Tablets, Capsules, Powder, Oils, Others
By Applications:
★ By application: Skin care, Hair care, Nail care, Others
Key Regions/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Beauty Supplements Market by Players
Chapter 4: Market Size of the Beauty Supplements Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Beauty Supplements Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Beauty Supplements industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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