Beauty Supplements Market is estimated to Witness High Growth Owing to Increasing Focus
Beauty supplements provide various health and beauty advantages which help in improving the overall appearance of individuals both externally and internally. These supplements contain vitamins, minerals, amino acids and herbal extracts which helps nourish skin and hair from within. They promote skin rejuvenation, hair growth, reduce fatigue and maintain overall wellness. With rising concern over anti-aging and appearance among consumers globally, demand for beauty supplements is on the rise. The Global Beauty Supplements Market is estimated to be valued at US$ 2979.84 Mn in 2024 and is expected to exhibit a CAGR of 5.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Beauty Supplements market are Presto Geosystems, Polymer Group Inc., Strata Systems Inc., Armtec Infrastructure Inc., Maccaferri SPA, PRS Mediterranean Ltd., Maccaferri SPA, and Tensar International Ltd.
The key opportunities in the Beauty Supplements Market Growth include expanding consumer base in developing countries and growing focus on natural and herbal beauty products. Online retail channels are also playing a major role in driving the sales of beauty supplements globally.
Technological advancements have enabled manufacturers to develop more effective formulations and delivery formats like gummies, shots, oils etc. Nano-encapsulation technology is being used to enhance the bioavailability of active ingredients in supplements.
Market Drivers
The major market driver for beauty supplements is the growing aging population worldwide. With greater life expectancy, people are more focused on looking younger and reversing signs of aging. Rising disposable incomes have also made beauty care affordable for mass consumers globally. Widespread promotions and influencer marketing on social media platforms have boosted awareness and demand significantly over the past few years. Growing vegan and sustainable beauty trends are adding further momentum to the market.
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