The global skincare supplement market size is projected to reach US$ 2,780 million in 2024. It is estimated to attain a valuation of around US$ 4,500 million by 2034. The industry is set to witness a CAGR of 8.8% in the forecast period 2024 to 2034.
Functionalities such as skin de-aging, wounds & marks healing, skin brightening, skin hydrating, and acne reduction have captured the demand for effective skincare products and are driving growth. The shift of consumers toward natural and organic alternatives of harmful skincare creams and gels, as well as rising awareness among consumers regarding preventive healthcare, are principal factors for a strong growth rate.
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.
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.
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.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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