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Beauty Supplement Market Size

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

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Beauty Supplement Market Size

Beauty Supplement Market was valued at around USD 2.90 billion in 2023 and predicted to showcase about 13.9% CAGR between 2024 and 2032, as consumers increasingly seek holistic approaches to skincare and overall well-being. This burgeoning industry revolves around the idea that beauty starts from within, promoting the use of dietary supplements to enhance skin health, hair strength, and nail resilience.

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The market has expanded to include a diverse range of products, such as collagen powders, vitamins, minerals, and herbal extracts, all tailored to support various aspects of beauty and anti-aging. With the rising emphasis on natural ingredients and wellness, beauty supplements have become an integral part of many individuals' daily routines. Notably, collagen supplements, known for their role in promoting skin elasticity, have gained substantial traction. Social media influencers and celebrities have contributed to the market's growth by endorsing these products, further fueling consumer interest.

Beauty Supplement Market Report Attributes
Report Attribute	Details
Base Year:	2023
Beauty Supplement Market Size in 2023:	USD 2.90 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	13.9%
2032 Value Projection:	USD 9.3 Billion
Historical Data for:	2018 – 2023
No. of Pages:	210
Tables, Charts & Figures:	246
Segments covered:	Type of Supplement, Form, Application, Distribution Channel
Growth Drivers:	Increasing consumer awareness of holistic beauty and wellness Rise in demand for natural and organic ingredients E-commerce and online retail channels facilitating product accessibility
Pitfalls & Challenges:	Lack of standardized definitions and regulations for beauty supplements Misleading marketing claims and lack of scientific validation

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The beauty supplements market faces a significant challenge stemming from misleading marketing claims and a lack of scientific validation. As the industry experiences exponential growth, the proliferation of products accompanied by extravagant promises has raised concerns among consumers and regulatory bodies alike. Some beauty supplements make bold assertions about their effectiveness in enhancing skin, hair, and nail health without sufficient scientific evidence to substantiate these claims. As a result, consumers may be swayed by enticing advertisements, only to discover that the touted benefits lack empirical support.

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.