Beauty Supplements Market Forecast 2016-2024: Global Industry Trends, Size, & Growth Analysis

Asia-Pacific accounted for the highest share in global beauty supplements market, closely followed by Europe with more than 25% market share in global beauty supplements market. Western European countries such as France, Germany and U.K among others accounted for major revenue share of more than 20% in global beauty supplements market.

Various products and supplements are launched frequently to attract new consumer base. Lycopene, is a powerful carotenoid extracted from tomatoes, is currently the most popular ingredients for beauty supplements. Inneov, is a leading brand of beauty supplements for skin and hair, made by the collaboration between Nestle and L’Oreal, that include lycopene as a key ingredient. In past few years, beauty supplements market has witnessed emergence of new companies and products that led the market growth escalating at significant pace.

Global beauty supplements market accounted for USD 3.5 Billion in 2016 and the market is expected to reach USD 6.8 Billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 8.6% over the forecast period i.e. 2016-2024. The global beauty supplements market is segmented based on applications, by supplement form and by distribution channel. Applications of beauty supplements are further bifurcated into skin care, hair care, nail care and others. Skin care beauty supplements dominate the overall beauty supplements market with more than 40% share in global market. However, rising hair related problems expected to boost the sales of hair care supplementary products. Based on distribution channel, offline distribution channels such as specialty stores and drug stores accounted for 55.0% market share of beauty supplements.

“Global Beauty Supplements Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, competitive analysis includes the in-depth analysis of the major players and leaders in healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others. Our primary research team conducted various interviews, surveys and group discussions of industry beauty supplements manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, cosmetic product manufacturers, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities to analyze the future prospects of the overall healthcare industry.

Global Beauty Supplements Market Segmentation can be classified on the basis of:

By Applications

  • Skin Care
  • Hair Care
  • Nail Care
  • Other

By Supplement Forms

  • Tablets
  • Capsules
  • Liquid
  • Powder
  • Oils
  • Other (Soft Gels, etc.)

Distribution Channels

  • Online
  • Offline (Beauty Specialty Stores, Supermarkets etc.)

By Geography

  • North America (US, Canada) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Latin America (Brazil, Mexico and Rest of Latin America) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

Market Trends, Drivers and Challenges

Customizable beauty care products, for instance, science-first brands like Virtue Labs have created collections for washing, care, and maintenance based on the texture individual has got and what the person is going for—in fact, they offer an online quiz to customize routine as well. Skin care supplements accounted for the largest market share of more than 35% of the total global beauty supplements market. The popularity of beauty supplements industry among both male and female consumers has impacted the global beauty supplements industry positively. With the large consumer base looking to up their commitment to beauty from the inside out, the global beauty supplements market is an area filled with opportunities. However, lack of awareness among the consumers regarding its availability, usage and consumption.

“Global Beauty Supplements Market Trends Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Beauty Supplements market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

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