Home > Food & Beverages > Nutraceuticals > Beauty Supplement Market
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.
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 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.