The global beauty supplements market is expected to reach US$ 7,100 Mn by 2023

Beauty Supplements MarketGrowth, Future Prospects, and Competitive Analysis, 2017-2025, the global beauty supplements market is expected to exceed US$ 13,845 Mn by 2025, expanding at a CAGR of 9.5 percent from 2017 to 2025.


Market Trends

The global beauty supplements market is expanding rapidly and is expected to reach significant market size in the coming years. People's growing concerns about their aesthetic appeal, appearance, and looks, combined with increased spending power, have fueled the growth of the beauty supplements market in recent years. The global beauty supplements market is expected to reach US$ 7,100 Mn by 2023, growing at a CAGR of 9.5 percent from 2001 to 2023.


Market Overview

Supplements are products that are used to improve, enhance, and support any type of deficiency in the human body. Supplements are typically sold to customers in the form of pills, capsules, softgels, powders, or liquids. Supplements can be classified according to their type, which includes herbal supplements and natural supplements. Supplements can also be classified according to their intended use, which includes beauty supplements, weight control supplements, dietary supplements, vitamin supplements, energy supplements, health supplements, weight gain supplements, probiotic supplements, memory supplements, high supplements, and others. appearance.

The beauty supplements market is divided into application segments, which include beauty supplements for skin, hair, nails, teeth, and others. Rising consumer self-obsession with their personal appearance and outlook is propelling the global beauty supplement market forward. During the forecasted period, skin care beauty supplements are expected to dominate in terms of revenue, followed by hair care beauty supplements.


The beauty supplements market is also divided by distribution channel, which includes beauty specialist stores, chemists/pharmacies/drugstores, supermarkets, online retailing, and others.

In terms of revenue, chemists/pharmacies/drugstores are expected to be the largest contributors in the beauty supplements market. Furthermore, beauty specialty stores are expected to take second place in terms of market share, trailing only supermarkets. However, internet sales are expected to more than double during the forecasted period. The increasing penetration of the internet and the growing concern for convenience among consumers worldwide are driving the growth of online purchasing.


During the forecast period, the global market for beauty supplements is expected to grow at a healthy rate.. This expansion is expected to be fueled by people's influence with their peers, television, magazines, celebrities' lifestyles, and rising disposable income. During the forecasted period, Western Europe is expected to dominate the market in terms of revenue, followed by North America and Asia Pacific. The growing concern of people about their external appearance and appearance, combined with consumers' high disposable income, is driving the growth of the beauty supplements market in Western Europe. Japan is expected to be the leading revenue contributor in the Asia Pacific region, followed by China.

The rising concern of consumers for their external outlook and appearance, combined with self-obsession for looking younger, are the key factors driving the global growth of the beauty supplements market. Furthermore, the influence and awareness of celebrities, models, advertisements, magazines, and peers are expected to fuel the growth of the beauty supplement market. Furthermore, the rising inclination of the male population toward their appearance is expected to support the growth of the beauty supplement market by 2020.

However, restraining factors that are expected to impede the growth of the beauty supplement market include a lack of consumer awareness about its availability, usage, and consumption, high prices for these products, and a lack of consumer inclination in emerging regions. Furthermore, consumer perception of the side effects of beauty supplement products is impeding market growth.


International players in the beauty supplement market include The Boots Company PLC, HUM Nutrition Inc., Murad UK Ltd., BeautyScoop, NeoCell Corporation, and Lifes2good Inc.

Comments

Post a Comment

Popular posts from this blog

One of the primary factors driving the Worldwide Frosting and Icing Market is the rising demand for cakes and pastries.

Image
  Market Dynamics The increased demand for cakes and pastries is one of the key reasons driving the global frosting and icing market . According to Agriculture and Agri-Food Canada, the value of cakes sold in the United Kingdom increased by an average of 2% every year from 2012 to 2017, outpacing the CAGR by 1.5 percent (2007-2012). Furthermore, an increase in the number of bakeries as a result of increased urbanisation and rising income, which leads to a burgeoning food sector, is fueling the expansion of the frosting and icing market. In 2015, India's food processing business was valued at US$ 258 billion, according to the India Brand Equity Foundation (IBEF), ranking fifth in terms of consumption, output, and exports. Health issues, such as increased obesity, are, however, restraining market growth. In 2017, 36.5 percent of adults in the United States were obese, according to the Centers for Disease Control and Prevention (CDC), which impeded market expansion. To tackle this, a ...
Read more

Orthopedic Power Tools Market predicted to be growing at a CAGR of 3.50 percent over the forecast period (2020-2027)

Image
Various orthopaedic illnesses in the musculoskeletal systems, such as musculoskeletal trauma, spine diseases, musculoskeletal injuries, and infections, are treated by orthopaedics. Orthopedic power tools are lightweight, user-friendly, and easy to handle when performing orthopaedic surgery when compared to traditional heavy orthopaedic tools. Electric powered orthopaedic tools, battery operated power systems, and pneumatic power tools are the three types of orthopaedic power tools. In 2020, the global orthopaedic power tools market is predicted to be worth US$ 943.8 million, growing at a CAGR of 3.50 percent over the forecast period (2020-2027). One of the reasons predicted to drive market expansion during the forecast period is the rising frequency of spinal injuries. According to a report issued by the National Spinal Cord Injury Statistical Center in 2018, the incidence of spinal cord injury in the United States is roughly 54 instances per one million individuals, with around 17,70...
Read more

The Acute Bacterial Skin and Skin Structure Infections (ABSSSI) Market will continue to increase as the number of ambulatory individuals seeking treatment for skin and skin structure infections rises

Image
Acute Bacterial Skin and Skin Structure Infections (ABSSSI) are infections of the epidermis, dermis, and subcutaneous tissues that affect the skin and soft tissues. ABSSSI is defined by the US FDA as lesions having cellulitis/erysipelas, wound infections, and large cutaneous abscesses with a surface area of at least 75 cm2. ABSSSI is caused by pathogens such as Methicillin-sensitive Staphylococcus aureus (MSSA), Methicillin-resistant Staphylococcus aureus (MRSA), Beta-hemolytic Streptococcus, E. coli, Enterococcus faecalis, and Pseudomonas aeruginosa. The rising incidence of drug-resistant strains, particularly in Staphylococcus spp. and Enterococcus spp., makes this infection challenging to treat. The ABSSSI market is predicted to grow at a steady pace, thanks to an increasing number of patients suffering from these conditions and a significant number of pipeline treatments expected to be authorised during the forecast period. Acute Bacterial Skin and Skin Structure Infections (ABSSSI...
Read more