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Beauty Supplement Market Analysis

Report ID: GMI7742
Published Date: Dec 2023
Report Format: PDF

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Beauty Supplement Market Analysis

Beauty Supplements Market Size, By Type of Supplement, 2021 – 2032(USD Billion)

Based on type of supplement, the collagen supplement was worth USD 1 billion in 2023. These supplements, often derived from sources like marine or bovine collagen, are highly sought after for their purported benefits in promoting skin elasticity and reducing signs of aging.

Global Beauty Supplements Market Revenue Share (%), By Form, (2023)

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The tablets & capsules segment held a dominant market share of around 59.38% in 2023 and is expected to grow at a lucrative pace by 2032. Tablets and capsules represent a substantial portion of the market share, offering convenience and ease of consumption. These formats are favored by consumers who appreciate the precise dosages and portability they provide, aligning well with busy lifestyles.

Based on application, the market is segmented as Skin Care, Hair Care, Nail Care and Others. Skin care emerges as a dominant category, commanding a significant market share. Beauty supplements tailored for skin health aim to address concerns such as hydration, elasticity, and the reduction of signs of aging, resonating with consumers seeking comprehensive skincare solutions from within.

Based on distribution channel, the market is segmented as Supermarket / Hypermarket, Pharmacies / Drugstores, Specialty Stores, Online and Other. The online distribution channel has experienced remarkable growth, reflecting the shift towards e-commerce and the convenience of purchasing beauty supplements from the comfort of one's home. The ease of comparison, extensive product information, and customer reviews contribute to the popularity of online platforms.

North America Beauty Supplements Market Size, 2021 - 2032 (USD Billion)

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North American beauty supplement market size surpassed USD 1 billion in 2023. In North America, the market for beauty supplements is shaped by a combination of factors, including a well-established health and wellness culture, a proactive approach to anti-aging solutions, and a penchant for natural and clean beauty products. Influenced by social media, celebrity endorsements, and a strong emphasis on self-care, consumers in North America are receptive to a diverse range of beauty supplements, ranging from collagen powders to specialized vitamins and minerals.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market valuation of beauty supplement was reached USD 2.90 billion in 2023 and is estimated to reach USD 9.3 billion by 2032 as consumers increasingly seek holistic approaches to skincare and overall well-being.

Tablets & Capsules segment held a dominant market share of around 59.38% in 2023 and is expected to grow at a lucrative pace by 2032, attributed to their convenience and ease of consumption.

North American beauty supplement market size reached USD 1 billion in 2023 and is anticipated to expand at a significant pace from 2024 to 2032, owing to the well-established health and wellness culture, a proactive approach to anti-aging solutions, and a penchant for natural and clean beauty products.

Amway, Herbalife, Neocell Corporation, Murad, HUM Nutrition, Nutraceutical Corporation, Swisse Wellness, Reserveage Nutrition, Perricone MD, Swanson Health Products, The Boots Company PLC, GNC Holdings, Blackmores, Nu Skin Enterprises, and Vital Proteins.