Skin Care Supplements Market
Overview and Scope
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.
Sizing and Forecast
The skin care supplements market size has grown strongly in recent years. It will grow from $2.64 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. 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 $3.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. 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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Segmentation & Regional Insights
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
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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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The skin care supplements market report table of contents includes:
1. Executive Summary
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