Skin Health Foods Market Key Trends and Forecast Report 2024-2033

"The Business Research Company recently released a comprehensive report on the Global Skin Health Foods 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.

According to The Business Research Company's, The skin health foods market size has grown strongly in recent years. It will grow from $2.05 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to traditional remedies, cultural practices, nutritional awareness, early nutraceutical concepts, herbal and natural ingredients..

The skin health foods market size is expected to see strong growth in the next few years. It will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to investment in research and development, collaboration with dermatologists and experts, influence of social media and digital marketing, personalized nutritional solutions, clean label and natural ingredients.. Major trends in the forecast period include medical endorsements and scientific research, influence of social media and influencers, personalized nutrition, gut-skin connection awareness, clean and natural ingredients..

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Market Drivers and Trends:

The surge in telemedicine services is expected to propel the growth of the skin health foods market going forward. Telemedicine services refer to the use of electronic information and communication technologies to provide and support healthcare services when distance separates the participants. Telemedicine allows individuals to consult with dermatologists remotely, enabling the assessment and treatment of various skin conditions without the need for in-person visits. For instance, according to the Centers for Disease Control and Prevention, a US-based government agency, in 2021, 37.0% of adults in the United States used telemedicine in the past 12 months, while the use of virtual visits by physicians increased to 80% in 2022 from 14% in six years. Therefore, the surge in telemedicine services is driving the growth of the skin health foods market.

Major companies operating in skin health food are developing innovative products such as Get Lit to better serve the customers. Get Lit is a nutrient delivery system that combines ultra-potent ingredients in an eco-friendly, dissolvable disc to power beauty from the inside out. For instance, in August 2023, Caliray, a US-based wellness lifestyle company launched its first dietary supplemen*t, Get Lit, which is designed to promote hair, skin, and nails while providing resilience to everyday stressors. The supplement contains nicotinamide riboside, biotin, green tea phytosome, lutein, betaine, and vegan vitamin D3. The key ingredients in Get Lit include biotin, nicotinamide riboside, and betaine, which work together to promote cell turnover and improve skin health. The launch of Get Lit represents Caliray's entry into the growing beauty supplement market, where the brand is emphasizing connections between wellness and beauty.

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Major Key Players of the Market:

Nestle SA; BASF SE; Danone SA; DuPont de Nemours Inc.; Koninklijke DSM NV; Cargill Corporation; Archer Daniels Midland Company; Herbalife Nutrition Ltd.; Amway Corporation; Arla Foods Inc.; Glanbia plc; Chr. Hansen Holdings A/S; General Mills Inc.; Ingredion Incorporated; Kemin Industries Inc.; Pfizer Inc.; The Coca-Cola Company; Procter & Gamble Company; Kraft Heinz Company; J.M. Smucker Company; Campbell Soup Company; Kellogg Company; The Hain Celestial Group Inc.; The Clorox Company; The Colgate-Palmolive Company; The Estée Lauder Companies Inc.; L'Oreal SA; Johnson & Johnson Services Inc.; Unilever plc; The Body Shop International Limited; The Honest Company Inc.; The Nature's Bounty Co.

Skin Health Foods Market 2024 Key Insights:

• The skin health foods market will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• The Telemedicine Boom Is A Catalyst For Growth In The Skin Health Foods Market
• Caliray Unveils 'Get Lit' Innovating Skin Health Through Nutrient-Rich Dissolvable Discs
• North America was the largest region in the skin health foods market in 2023

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