PUBLISHER: The Business Research Company | PRODUCT CODE: 1513248
PUBLISHER: The Business Research Company | PRODUCT CODE: 1513248
Skincare supplements are oral products containing vitamins, minerals, antioxidants, and nutrients designed to enhance skin health and appearance. They complement topical skincare routines and are believed to boost collagen production, hydration, and defense against environmental damage.
The primary types of skincare supplement products include oral and topical variants. Oral supplements are ingested, typically in capsule, pill, or liquid form, to support skin health internally by delivering essential nutrients such as vitamins, minerals, and antioxidants. They come in organic and chemical compositions, catering to both female and male users. These supplements are available through online and offline distribution channels, serving various skin concerns such as aging, hydration, acne, brightening, and more.
The skin care supplements market research report is one of a series of new reports from The Business Research Company that provides skin care supplements market statistics, including the skin care supplements industry's global market size, regional shares, competitors with a skin care supplements market share, detailed skin care supplements market segments, market trends, and opportunities, and any further data you may need to thrive in the skin care supplements industry. This skin care supplements market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The skin care supplements market size has grown strongly in recent years. It will grow from $2.64 billion in 2023 to $2.85 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. Historical growth can be attributed to a shift towards natural and organic products, celebrity endorsements and influencer marketing, changing lifestyles and environmental factors, an aging population, and increased interest in supplements.
The skin care supplements market size is expected to see strong growth in the next few years. It will grow to $3.89 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. Forecasted growth can be attributed to increasing consumer emphasis on overall health, ingredient transparency, heightened awareness of skincare issues, rising disposable income, and the expansion of distribution channels. Major trends in this forecasted period include advances in formulation technologies, partnerships and acquisitions, technological advancements, collaborations and endorsements by celebrities, and product innovations.
The skin care supplement market is poised for growth, driven by the expansion of e-commerce and online accessibility. E-commerce and online accessibility refer to enhancing digital platforms to ensure easy navigation and usability for individuals with disabilities, ensuring equitable access to online goods and services. The rising prevalence of e-commerce and online accessibility stems from shifting consumer preferences towards convenience and the widespread adoption of digital technologies in shopping. E-commerce platforms allow skin care supplement brands to tap into new markets and target specific niche audiences that may not have been reachable through traditional retail avenues. Online platforms also present opportunities for brands to enhance their visibility through digital marketing strategies such as social media ads, collaborations with influencers, and search engine optimization. For example, the International Trade Administration reported in November 2023 that retail e-commerce sales in Canada were forecasted to surpass $40.3 billion by 2025, a significant increase from $2.34 billion in March 2022. Thus, the growth of e-commerce and online accessibility is a key driver behind the expansion of the skin care supplements market.
Leading companies in the skincare supplement market are prioritizing innovative solutions such as hydration gummies to maintain their competitive edge. Hydration gummies are chewable supplements infused with electrolytes such as sodium and potassium, designed to replenish fluids and essential minerals in the body, especially during physical exertion or dehydration. For instance, Neutrogena introduced Neutrogena Skin Hydration Gummies in November 2023. These gummies, enriched with hydrating hyaluronic acid and potent antioxidants, promote skin moisture retention and shield against environmental stressors, offering a convenient and enjoyable addition to skincare routines for maintaining a hydrated and radiant complexion.
In April 2024, Vector Consumer, a UK-based beauty care company, acquired Pura Collagen, a supplement brand, for an undisclosed amount. This strategic move allows Vector to bolster its presence in the skincare supplements market by leveraging Pura Collagen's established brand and product lineup to enrich its portfolio. Pura Collagen specializes in skin care supplements formulated with hydrolyzed collagen peptides, aiming to enhance skin health by boosting elasticity and reducing wrinkles.
Major companies operating in the skin care supplements market are Nestle S.A., Johnson & Johnson Services Inc., Procter & Gamble Company, Unilever plc, Estee Lauder Companies Inc., Arbonne International LLC, Kao Corporation, Amway Corporation, Meiji Holdings Co. Ltd., LG Household & Health Care Ltd., Coty Inc., Avon Products Inc., Mary Kay Inc., Clarins Group, Nu Skin Enterprises Inc., Kose Corporation, Melaleuca Inc., Shaklee Corporation, Plexus Worldwide LLC, Nature's Sunshine Products Inc., Murad LLC, Vitabiotics Ltd., Modere Inc., LifeVantage Corporation, Neutrogena Corporation, Mannatech Incorporated, Isagenix International LLC, Jeunesse Global Holdings LLC, TCH Inc.
North America was the largest region in the skin care supplements market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skin care supplements market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the skin care supplements market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The skin care supplements market consists of sales of zinc supplements, omega-3 fatty acids, hyaluronic acid supplements, vitamin C capsules, and collagen peptides. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Skin Care Supplements Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on skin care supplements market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for skin care supplements? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The skin care supplements market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.