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Nutritional Serum Market Analysis

  • Report ID: GMI10058
  • Published Date: Jun 2024
  • Report Format: PDF

Nutritional Serum Market Analysis

The market by type is segmented into Vitamin serums, Antioxidant serums, Hydrating serums, Exfoilating Serums, Anti-Aging serums, Brightening serums, Anti-Acne serums, Oil Control Serums, Skin-Tightening Serums, and Others. In 2023, the vitamin serums segment dominated the market, generating a revenue of USD 1.16 billion. This segment is projected to reach USD 1.96 billion by 2032. Consumers are increasingly looking for skin care products, including serums, that contain natural and pure ingredients. Concerns about skin sensitivity, environmental impacts and general health awareness are driving this trend. Vitamins from natural sources, such as plant extracts and herbal ingredients, are particularly preferred.
 

Growing urbanization and environmental concerns are fueling increasing demand for serums infused with vitamins and antioxidants to help protect the skin from environmental aggressors such as pollution, UV rays and free radicals. For example, vitamins C and E are effective antioxidants that neutralize free radicals and support the protective function of the skin. Vitamins are important in skin care products that aim to prevent aging and improve the skin. Vitamin A derivatives (retinoids) and vitamin C are particularly popular for their ability to promote collagen production, improve skin texture, reduce lines and wrinkles, and fade hyperpigmentation. Formulas that combine multiple vitamins are also gaining traction for comprehensive antiaging benefits.
 

Nutritional Serum Market Revenue Share, By Distribution Channel, (2023)

Based on the distribution channel the nutritional serum market is categorized into online and offline. Online segment dominate this market, accounting for 63.9% of the market share in 2023, and are projected to reach USD 5.53 billion by 2032. The demand for nutritional supplements through online distribution channels has increased significantly during the COVID-19 pandemic. To increase the reach of their products, companies collaborate with e-commerce platforms and focus on digital distribution channels.
 

Additionally, several companies have websites that help them distribute and sell skin care products in the industry. Industry players are using their digital presence to increase their brand visibility in the market. Several players like Amway offer discounts, coupons, coupons and skin care supplement packages on their websites. The promotional efforts of such companies through digital platforms such as websites and e-commerce platforms are expected to increase the sales of skin care supplements through online platform.
 

Asia Pacific Nutritional Serum Market Size, 2021 – 2032, (USD Million)

Asia Pacific emerged as the dominant segment, holding a share of more than 41.4% of the total market in 2023. Asia Pacific's middle-class population is growing, increasing the demand for high-quality facial care products. There are different ethnicities and skin types in the region, which leads to different skin problems. Sun damage and hyperpigmentation are common in Southeast Asia, while dryness and aging are common in Japan and South Korea. As a result, there is a growing demand for multi-tasking face serums that address these issues.
 

North America: In terms of country, US is dominating the North America nutritional serum market with revenue of around USD 895.4 million in the year 2023 and expected to reach around USD 1.40 billion by 2032. American consumers increasingly prefer skin serums made with natural and pure ingredients. Ingredients like plant extracts, plant-based antioxidants, vitamins from natural sources like fruits and plants, and pure formulations without harmful chemicals like parabens, sulfates, and phthalates are increasingly popular.
 

Brands are responding by ensuring transparency in ingredients and promoting sustainable practices. There is significant demand in the US market for nourishing serums that address anti-aging concerns such as fine lines, wrinkles and skin firmness. Vitamins such as vitamin C (ascorbic acid), vitamin A derivatives (retinoids) and vitamin E are popular ingredients known for their antioxidant properties, collagen-boosting properties and ability to improve skin texture and tone. Brands continue to innovate with advanced formulations that combine multiple vitamins and targeted ingredients for holistic anti-aging benefits.
 

Europe: In terms of country, UK is dominating the Europe nutritional serum market with revenue of around USD 252.9 million in the year 2023 and expected to reach around USD 355.6 million by 2032. British consumers are increasingly looking for personalized skincare solutions tailored to their specific skin concerns, preferences and lifestyle. Brands use technology, online surveys and data analytics to provide personalized recommendations for nutritional serums. Customizable skincare routines, subscription services and virtual consultations enhance the shopping experience and foster long-term customer loyalty.  
 

Asia Pacific: In terms of country China dominated with the overall market share of around 22.3% in the Asia Pacific nutritional serum market. Chinese consumers are attracted to skin care products with advanced formulations and innovative technologies. Popular options are nutritional serums enriched with vitamins (such as vitamin C, vitamin E), hyaluronic acid, peptides and plant extracts. Brands invest in research and development to introduce serums that deliver targeted benefits, improve skin texture, and effectively address specific skin care concerns.
 

The digital transformation of skincare retail is prominent in China as consumers increasingly purchase nourishing serums through e-commerce platforms, social media and mobile apps. Online beauty influencers, live streaming events and virtual trial technologies play an important role in educating consumers, building brand awareness and increasing sales of skin care products, including serums.
 

Chinese consumers increasingly prefer skin care products made with natural ingredients and pure formulations. Enriched with plant extracts, traditional Chinese herbs and organic ingredients, the nourishing serums appeal to consumers looking for gentle yet effective skin care solutions that align with holistic wellness practices. Regulatory overview The Chinese skin care market continues to evolve, with strict requirements for product safety, ingredient testing and labeling. Brands must comply with rules set by the China Food and Drug Administration (CFDA) to ensure product performance, safety and consumer trust. Adherence to regulatory standards and transparency of product claims are critical to building consumer trust in China.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

Global nutritional serum industry was valued at USD 5.5 billion in 2023 and is anticipated to register 5.6% CAGR between 2024 and 2032, driven by rising consumer awareness about importance of skin health and strong demand for anti-ageing products.

The online segment in the market is expected to reach USD 5.53 billion by 2032, led by pandemic-related e-commerce growth and digital marketing.

Asia Pacific nutritional serum market held 41.4% revenue share in 2023 due to the rising middle class and diverse skin needs, leading to high demand for targeted facial care products.

L'Oréal Group, Johnson & Johnson Services, Inc., The Procter & Gamble Company, Shiseido Company, Limited, The Body Shop, Galderma S.A. , Amorepacific Group Inc., KOSÉ Corporation, and Clarins Inc

Nutritional Serum Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 176
  • Countries covered: 19
  • Pages: 300
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