The global skincare supplement market size is on a trajectory of remarkable growth, with a projected value of USD 2,780 million in 2024 set to soar to USD 4,500 million by 2034, representing a robust CAGR of 8.8%. This surge is propelled by several factors, including the increasing influence of image-centric social media platforms, rising consumer demand for organic skincare alternatives, and a burgeoning awareness of preventive healthcare.
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.
Consumers worldwide are gravitating towards skincare supplements, driven by a desire for effective and affordable solutions to maintain and enhance skin health. With the emergence of personalized skincare regimes and a growing preference for natural ingredients, the demand for skincare supplements is only expected to escalate further.
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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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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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