Beauty supplements such as skin and hair supplements are gaining popularity among the younger population as the demand for personal care products that help improve overall appearance and wellbeing grows significantly. With the increasing health issues arising due to sedentary and unhealthy lifestyles, beauty supplements are considered an effective solution for skin problems, hair fall, stress, and aging effects.
Market key trends:
The growing focus of beauty supplement manufacturers on male customers is one of the key trends in the beauty supplements market. Traditionally, beauty supplements were considered a feminine product as consumer preferences were driven largely by women. However, with the rising male grooming trend and increasing awareness about personal care, manufacturers are developing specific beauty supplement products tailored for male needs and preferences. Products targeting hair fall, skin problems, and performance anxiety in men have gained popularity in recent years. Prominent players are promoting their male-oriented supplement lines through targeted advertising and celebrity endorsements to further accelerate growth prospects in the male segment.
Segment Analysis:
The global beauty supplements market is segmented by ingredient, form, application, end user, distribution channel and region. Ingredient segment include vitamins, minerals, botanical, proteins and peptides, fatty acids and others. Within vitamins, biotin is dominating sub segment and holds largest market share. Biotin is effectively utilized to promote skin and hair health by reducing damage by environmental factors.
Key Takeaways:
The Global Beauty Supplements Market Growth is expected to witness high. The global Beauty Supplements Market is estimated to be valued at US$ 2823.15 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.
Regional analysis shows North America region is fastest growing market for beauty supplements attributed to dense presence of supplement providers and awareness regarding nutritional benefits. Europe also has significant market share due to large research penetration for developing effective supplements.
Key players operating in the beauty supplements market are focusing on portfolio expansion and product launches. Amway launched new beauty supplement targeting skin hydration. Asahi Group expanded product range for addressing hair fall issues. Everest NeoCell LLC focuses on introducing collagen based supplements. Reserveage Nutrition launched new powder based cranberry extract supplements for skin health. Vitabiotics Ltd. emphasized on botanical based antioxidant supplements. The Boots Company PLC concentrated on herbal infused supplements for skin glow. Murad Europe Ltd enhances product mix with additional probiotic supplements.
Explore more information on this topic, Please visit -
https://www.insightprobing.com/beauty-supplements-market-share-and-demand-analysis/
Comments
0 comment