PUBLISHER: Grand View Research | PRODUCT CODE: 1363107
PUBLISHER: Grand View Research | PRODUCT CODE: 1363107
The global skin care supplements market size is expected to reach USD 6.05 billion by 2030, according to a new report by Grand View Research, Inc.. The market is estimated to register a CAGR of 7.9% over the forecast period.Factors such as the increasing adoption of herbal or natural ingredients and growing launches of complexion care products are projected to drive the global market for skincare supplements. In addition, increasing competition due to growing customer demand and the rising focus of industry participants to manufacture quality supplements is another crucial aspect boosting market demand.
The increasing number of product launches from various companies is the major market-driving factor. For instance, in August 2023, Clearstem launched a skin supplement for acne prevention named MINDBODYSKIN 2. The supplement helps reduce acne for people using antidepressants. The growing competition in the market and tailored product offerings are expected to support market growth. The industry competition is rising due to the increasing emphasis of major beauty players on supplementation products. For instance, in June 2020, L'Oreal agreed to acquire the U.S.-based skincare company Thayers Natural Remedies, a brand of Henry Thayer Company. The brand offers various products for skin care, including blemish-clearing and a radiance-boosting collection.
Moreover, the rising incidence of dermis and complexion problems due to increasing pollution levels and busy lifestyles is also anticipated to boost the supplementation market for skincare products. Various studies and research projects are being published, focusing on the impact of pollution on skin. For instance, in January 2021, the National Library of Medicine published a study emphasizing the relationship between air pollution and skin disorders. Such studies help increase awareness about dermis diseases among consumers, consequently boosting the demand for complexion products. These aforementioned factors are expected to contribute to the industry's growth over the forecast period.