About Beauty Supplement
Beauty supplements refer to vitamins and nutrients that are used to enhance, improve, and offer support to different kind of deficiencies in the human body. Beauty supplements market has high growth prospects owing to increasing demand for skin and hair care beauty supplements. Further, growing disposable income in the developing countries and growing health concerns among people expected to drive the demand for beauty supplements over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Beauty Supplement market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Boots Company PLC (United Kingdom), HUM Nutrition Inc. (United States), Murad UK Ltd. (United Kingdom), BeautyScoop (United States), NeoCell Corporation (United States), Lifes2good Inc. (Ireland), Alticor (United States) and Oriflame (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ageless Nutrition (United States) and Vitabiotics Ltd. (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Beauty Supplement market by Type (Anti-aging and Anti-Wrinkles Supplements, Skin Whitening, Fairness and Glow Supplements, Other Skin Care Supplements, Hair Care Supplements, Nail Care Supplements, Teeth Care Supplements and Other Supplements) and Region.
On the basis of geography, the market of Beauty Supplement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Supermarkets/Hypermarkets will boost the Beauty Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Tablets will boost the Beauty Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Hair Care Beauty Supplements and Growth in Online Distribution Channel for Beauty Supplements
Market Growth Drivers:
Increasing Demand for Skin Care Beauty Supplements and Growing Focus on External Appearance among Millennials
Challenges:
Lack of Awareness in the Low and Middle Income Group Countries
Restraints:
Stringent Government Regulations Regarding Beauty Supplements and High Prices Associated With Beauty Supplements
Opportunities:
Growing Health Concerns among People and Growing Disposable Income in the Developing Economies
January 2019, Procter & Gamble patented a capsule including a flow agent and a supplement composition biotin, reishi, and other ingredients formulated to support the health of a human's skin, nails and hair. and August 2018, Ageless Nutrition launched beauty supplement for hair, AgelessHair faster growing and shiny hair integrated with natural ingredients such as biotin, collagen, folate, vitamin B12, and horsetail leaf extract.
Key Target Audience
Manufacturers of Beauty Supplements, Suppliers/Distributors of Beauty Supplements, Potential Investors, Government Regulatory Authorities, Research and Development Companies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.