Women's Health and Beauty Supplements Market: Overview and Size Projections Report

The Business Research Company recently released a comprehensive report on the Global Women's Health And Beauty Supplements Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The women's health and beauty supplements market size has grown rapidly in recent years. It will grow from $75.41 billion in 2023 to $83.65 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to aging population, lifestyle changes, preference for natural and organic products, preventive healthcare measures, emphasis on skin health, research and development in nutraceuticals, medical recommendations and endorsements.

The women's health and beauty supplements market size is expected to see rapid growth in the next few years. It will grow to $129.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to innovation in ingredient formulations, expansion of beauty and skincare industry, sustainable and ethical practices, cultural shifts in beauty standards, advanced delivery systems, educational campaigns on women's health. Major trends in the forecast period include digital health and e-commerce, beauty-from-within concept, menopause support and hemp-derived products, collagen supplementation, personalized nutrition, integration of anti-aging ingredients, fitness and active lifestyle support.

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Market Drivers and Trends:

Rising disposable income is expected to propel the growth of the women's health and beauty supplements market going forward. Disposable income refers to the amount of money that an individual or household has available to spend or save after income taxes and mandatory deductions have been subtracted from their total income. Rising disposable income enables women to invest in products that enhance their health and beauty, leading to increased demand for supplements that support overall vitality, bone health, and cognitive function. For instance, in March 2023, according to Statistics Iceland, an Iceland-based government agency, household gross disposable income is estimated to have increased by 9.2% from 2021 to 2022. Disposable income per capita amounted to $0.35 million (4.9 million ISK) in 2022 and is estimated to have increased by 6.5% from the previous year. Furthermore, in December 2022, according to the Ministry of Statistics and Program Implementation, an India-based commercial organization, the rise in disposable income of consumers increased to 274.13 million in 2022 from 238.57 million in 2021. Global disposable incomes and family spending are both projected to increase by 2.6% in 2022. Therefore, rising disposable income is driving the growth of the women's health and beauty supplements market.

Product innovation is a key trend gaining popularity in the women's health and beauty supplements market. Major companies operating in the women's health and beauty supplements market are focused on innovating new products such as perimenopause-focused supplements along with digital support solutions to improve the mood and mind of women. Such innovations enable key players to gain a competitive edge in the market. For instance, in September 2021, Health & Her, a UK-based female health-focused supplements company introduced an innovative product named Perimenopause MIND+ which contains a blend of vitamins and minerals that help women with hormonal balance, psychological function, and nervous system amongst other issues and aids in cognitive function and concentration. This supplement is to be used with the technologically advanced menopause tracker that uses app technology to offer advice to women to improve their experience with the product.

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Major Key Players of the Market:

Herbalife Nutrition Ltd., GNC Holdings Inc., Nature's Bounty, Inc., Bayer AG, Nestlé SA, Suntory Holdings Limited, Taisho Pharmaceutical Co., Ltd., Swisse, Pfizer Inc., Himalaya Wellness Company, Blackmores Limited, Standard Process Inc., FANCL Corporation, Asahi Group Holdings Ltd., Usana Health Sciences, Inc., Nu Skin Enterprises, Inc., BY-Health Co., Ltd., Sun Pharmaceutical Industries Ltd. (Revital), Oziva, Amway Global Corporation, Avon Products Inc., Beiersdorf AG., Colgate-Palmolive Company, Coty Inc., The Estée Lauder Companies Inc., The Procter & Gamble Company, Reckitt Benckiser Group plc, Henkel AG & Co. KGaA, Johnson & Johnson, Kao Corporation, Otsuka Holdings Co., Ltd., Shiseido Company Ltd., The Clorox Company, The Himalaya Drug Company, The Nature's Bounty Co., The Proactiv Company LLC, Unilever plc

Women's Health And Beauty Supplements Market 2024 Key Insights:

• The women's health and beauty supplements market size is expected to see rapid growth in the next few years. It will grow to $129.04 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%.
• Rising Prevalence Of Women's Health Disorders Fuels Growth In The Health And Beauty Supplements Market
• Innovative Products Transforming The Landscape Of Women's Health And Beauty Supplements Market
• Asia-Pacific was the largest region in the women's health and beauty supplements market share in 2023

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