The global skincare supplement market size is witnessing remarkable growth, with a projected value of USD 2,780 million in 2024 set to skyrocket to USD 4,500 million by 2034, reflecting an impressive CAGR of 8.8%. This surge is driven by various factors, including the growing influence of image-centric social media platforms, increasing consumer preference for organic skincare alternatives, and a rising awareness of preventive healthcare.
Functionalities such as skin de-aging, wound and scar healing, skin brightening, hydration, and acne reduction have spurred demand for effective skincare products, fueling market expansion. The shift towards natural and organic alternatives to conventional skincare creams and gels, coupled with heightened awareness of preventive healthcare among consumers, are key drivers of this robust growth trajectory.
Consumers worldwide are embracing skincare supplements as they seek effective and affordable solutions to maintain and enhance skin health. The rise of personalized skincare routines and a growing inclination towards natural ingredients further amplify the demand for skincare supplements, indicating promising growth prospects in the market.
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Research & development investments are also a key factor in the growth of the market, as advancements in experimenting and analyzing various formulae have led to the rise of effective supplements sourced from natural ingredients. Out-of-the-box marketing techniques such as regularizing skincare supplements among the masses and reaching out to aging populations around the world point to significant growth for the skincare supplement industry.
Growing Factors:
- The proliferation of image-based social media platforms like Instagram and Snapchat is fueling the demand for skincare supplements, as consumers seek effective solutions to achieve flawless skin.
- Rising awareness of preventive healthcare and a shift towards organic skincare alternatives are driving market growth.
- Innovations in research and development, including personalized skincare formulations and convenient delivery formats like gummies and capsules, are enhancing consumer appeal.
Key Takeaways from the Global Skincare Supplement Market Study:
- By functionally, the skin de-aging category is projected to remain at the forefront by showcasing a CAGR of 10.9% through 2034.
- By sales channel, health & wellness stores are set to exhibit a CAGR of 7.4% from 2024 to 2034.
- The form segment is projected to be led by capsules with an 8.8% CAGR through 2034.
- India is estimated to witness a CAGR of 6.4% from 2024 to 2034.
- The United States is set to rise at a CAGR of 5.3% from 2024 to 2034.
“Increasing use of social media platforms like Snapchat and Instagram is compelling individuals to move toward natural supplements to bolster their skin’s appearance and prevent issues like acne. Hence, leading players are launching unique formulations to attract a large consumer base,” says a lead analyst at Future Market Insights (FMI).
Who is Winning?
Only a new product with exceptional functionality and competitive price can become successful, as the skincare supplement market is a consumer-driven one, with price and effectiveness playing significant roles in the adoption of a product. Companies able to create such products and distribute them effectively to a specific consumer base hold the potential for share expansion.
Some of these leaders of the global skincare supplement market include Amway, HUM Nutrition Inc, Nestle, Meiji Holdings Co Ltd, Shiseido Co Ltd, Unilever, Johnson & Johnson, Perricone MD, and Vitabiotics Ltd. For instance,
- Nutrafol, a New York-based skincare brand, introduced Nutrafol Skin in February 2024. It is a new supplement for consumption on a daily basis to prevent acne. The supplement can improve post-acne dark spots and mild-to-moderate acne problems.
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Leading Skincare Supplement Brands
- Amway
- HUM Nutrition, Inc.
- Nestle
- Meiji Holdings Co., Ltd.
- Shiseido Co., Ltd
- Unilever
- Johnson and Johnson Services, Inc.
- Perricone MD
- Vitabiotics Ltd.
- L’OREAL S.A.
Business Growth Headlines:
- Skincare Supplement Market Poised for Exponential Growth, Forecast to Surpass USD 4.5 Billion by 2034
- Investment Opportunities Abound: Global Skincare Supplement Industry Set for 8.8% CAGR Expansion
- Unlocking the Beauty of Skincare Supplements: A Lucrative Market with Promising Growth Prospects
Key Segments of Market Report
By Functionality:
Few of the leading functionalities include skin de-aging, skin hydration, acne reduction, wound and mark healing, and skin brightening.
By Form:
In terms of form, the industry is segregated into tablets/pills, capsules, liquid, powder, gummies/chewables, and others.
By Sales Channel:
Hypermarkets/supermarkets, specialty stores, e-commerce, drug stores and pharmacies, health and wellness stores, convenience stores, and departmental stores.
By Region:
Information about key countries across South Asia, East Asia, Oceania, North America, Latin America, Europe, and the Middle East and Africa is provided.
Get Valuable Insights into the Global Skincare Supplement Market
Future Market Insights, in its new offering, provides a thorough, detailed, and unbiased analysis of the global skincare supplement market, presenting historical demand data for the years 2019 to 2023 and forecast statistics for the years 2024 to 2034. The study categorizes valuable insights on the global skincare supplement market based on functionality, form, sales channel, and regions.
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