Skin Care Supplements Market Size to Grow Steadily, Projected to Hit $4.2 Billion by 2029 at 8% CAGR

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What are the primary drivers fueling the growth of the skin care supplements market in recent years?

The growth of e-commerce and online accessibility is expected to propel the growth of the skin care supplement market going forward. E-commerce and online accessibility refer to making digital platforms user-friendly and navigable for people with disabilities, ensuring equal access to goods and services on the Internet. The increasing prevalence of e-commerce and online accessibility is propelled by evolving consumer preferences towards convenience and the widespread adoption of digital technologies for shopping. E-commerce enables skin care supplement brands to reach new markets and target niche audiences that may not have been accessible through traditional retail channels. Online platforms provide opportunities for skin care supplement brands to increase their visibility through digital marketing strategies such as social media advertising, influencer partnerships, and search engine optimization. For instance, in November 2023, according to the International Trade Administration, a US-based Department of Commerce, retail e-commerce sales in Canada were projected to exceed $40.3 billion by 2025, up from $2.34 billion in March 2022. Therefore, the growth of e-commerce and online accessibility is driving the growth of the skin care supplements market.

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What is the projected market size of the skin care supplements industry, and how is it expected to grow?

The skin care supplements market size has grown strongly in recent years. It will grow from $2.85 billion in 2024 to $3.09 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to a shift towards natural and organic products, celebrity endorsements and influencer marketing, changing lifestyles and environmental factors, a rise in the aging population, and increased interest in supplements.

The skin care supplements market size is expected to see strong growth in the next few years. It will grow to $4.2 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increasing consumer focus on overall health, ingredient transparency, increasing awareness of skincare issues, rising disposable income, and expansion of distribution channels. Major trends in the forecast period include advances in formulation technologies, partnerships and acquisition, technological advancement, collaborations and endorsements by celebrities, and product innovations.

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Who are the key players driving competition in the skin care supplements market?

Major companies operating in the skin care supplements market are Nestlé S.A., Johnson & Johnson Services Inc., Procter & Gamble Company, Unilever plc, Estée Lauder Companies Inc., Arbonne International LLC, Kao Corporation, Amway Corporation, Meiji Holdings Co. Ltd., LG Household & Health Care Ltd., Coty Inc., Avon Products Inc., Mary Kay Inc., Clarins Group, Nu Skin Enterprises Inc., Kose Corporation, Melaleuca Inc., Shaklee Corporation, Plexus Worldwide LLC, Nature’s Sunshine Products Inc., Murad LLC, Vitabiotics Ltd., Modere Inc., LifeVantage Corporation, Neutrogena Corporation, Mannatech Incorporated, Isagenix International LLC, Jeunesse Global Holdings LLC, TCH Inc.

What key trends are expected to drive the skim yogurt market during the forecast period?

Major companies in the skincare supplement market are focusing on innovative solutions, such as hydration gummies, to sustain their position in the market. Hydration gummies refer to chewable supplements infused with electrolytes like sodium and potassium, designed to replenish fluids and essential minerals in the body, especially during physical activity or times of dehydration. For instance, in November 2023, Neutrogena, a US-based cosmetics company, launched Neutrogena Skin Hydration Gummies. This supplement is formulated with hydrating hyaluronic acid and powerful antioxidants. These gummies promote skin moisture retention and protect against environmental stressors. It offers a convenient and delicious addition to the skincare routine, and it helps maintain a hydrated and radiant complexion.

Which key geographies are driving the growth of the skin care supplements market?

North America was the largest region in the skin care supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin care supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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How is the skin care supplements market segmented, and which segment holds the largest share?

The skin care supplements market covered in this report is segmented –

1) By Product Type: Oral Supplements, Topical Supplements

2) By Content Type: Organic, Chemical

3) By Gender: Female, Male

4) By Distribution Channel: Online, Offline

5) By Application: Skin Aging, Skin Hydration, Acne And Blemishes, Skin Brightening, Other Applications

Subsegments:

1) By Oral Supplements: Collagen Supplements, Vitamins And Minerals, Antioxidant Supplements, Omega-3 And Essential Fatty Acids

2) By Topical Supplements: Collagen Creams And Serums, Vitamin-Based Creams, Hyaluronic Acid Products, Antioxidant Creams And Serums

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How is the skin care supplements market defined, and what are its core characteristics?

Skincare supplements refer to oral products containing vitamins, minerals, antioxidants, and other nutrients aimed at improving skin health and appearance. These supplements are often taken in addition to topical skincare routines and are believed to promote collagen production, hydration, and protection against environmental damage.

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