Beauty Supplements MarketGrowth, Future Prospects and Competitive Analysis, 2016 - 2023, the global beauty supplements market is expected to reach over US$ 7,100 Mn by 2023, expanding at a CAGR of 9.5% from 2016 to 2023.
The global beauty supplements market is growing at a fast pace and is anticipated to attain significant market size over the next few years. Increasing concerns of people towards their aesthetic appeal, appearance and looks along with augmented spending power has strengthened the growth of beauty supplements market over the past few years. The global beauty supplements market is expected to reach US$ 7,100 Mn by 2023, expanding at a CAGR of 9.5% from 2016 to 2023.
The beauty supplements market is highly fragmented owing to the presence of various large and small companies. Small companies provide handful of specialty products; yet major players undertake extensive R&D programs to standardize their products. In this market, vendors compete in terms of product differentiation, price, promotion and distribution. The competition in the market is projected to intensify with an increase in consumer awareness and product innovations among others.
The global beauty supplements market is segmented on the basis of applications into skin care, hair care, nail care, dental care and others (overall health supplements). The skin care segment dominated the global beauty supplements market and accounted for more than 30% share of the total market in 2015, followed by the hair care segment in 2015.
Based on geographical distribution, global beauty supplements market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In the base year 2015, Europe was observed as the largest market for beauty supplements. The global beauty supplements market is mainly concentrated in Western Europe (Germany, U.K., Spain, Italy and France) and is expected to influence owing to higher disposable income possessed by the consumers along with rising concerns of people towards their external outlook and appearance.
Beauty supplement manufacturers are highly concentrated in North America and Europe region. Amway, BeautyScoop, HUM Nutrition, Inc., IMEDEEN (Pfizer, Inc.), Lifes2good, Inc., Meiji Holdings Co., Ltd., Murad UK Ltd., NeoCell Corporation, Reserveage Nutrition, LLC., Vemedia and Vitabiotics Ltd. are few key manufacturers in the global beauty supplements market.
Increasing consumer health awareness driving growth of the global beauty supplements
Easy availability of products through various distribution channels
Asia Pacific will drive demand in upcoming years
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Beauty Supplements Market Analysis 3.1 Introduction 3.2 Market Dynamics 3.2.1 Market Drivers 188.8.131.52 Increasing Consumer Health Awareness 184.108.40.206 Availability of Products on Various Distribution Channels 3.2.2 Challenges 220.127.116.11 Costing Issues 3.2.3 Opportunities 18.104.22.168 Asia Pacific Will Drive Demand 3.3 Market Positioning of Key Players
Chapter 4 Global Beauty Supplements Market, by Application 4.1 Overview 4.2 Global Beauty Supplements Market (US$ Mn), by Application, 2013 - 2023 4.3 Skin Care 4.4 Hair Care 4.5 Nail Care 4.6 Teeth Care 4.7 Others (Multifunctional Supplements, Etc.) 4.8 Attractive Investment Proposition, by Application
Chapter 5 Global Beauty Supplements Market, by Distribution Channel 5.1 Overview 5.2 Global Beauty Supplements Market (US$ Mn), by Distribution Channel, 2013 - 2023 5.3 Supermarkets/Hypermarkets 5.4 Departmental Store 5.5 Beauty Outlets 5.6 Pharmacy Store 5.7 Online Store 5.8 Others (Health and Personal Care Stores) 5.9 Attractive Investment Proposition, by Distribution Channel
Chapter 6 Global Beauty Supplements Market, by Region