The key competitors of this market include Amway (United States), BeautyScoop (United States), HUM Nutrition Inc. (United States), IMEDEEN (Pfizer Inc.) (United States), Lifes2good Inc. (United States), Meiji Holdings Co., Ltd. (Japan), Murad UK Ltd. (United Kingdom), NeoCell Corporation (United States), Reserveage Nutrition, LLC (United States), Vemedia (Netherlands) and Vitabiotics Ltd (United Kingdom).
Wilmington, January, 2020: Axiom Market Research & Consulting™ added a report on global beauty supplements market which includes study on form, application, and distribution channel across various countries of key regions around the world. The global beauty supplements market was projected to grow at a CAGR of 8.33% for the forecast period 2019 to 2026. The global market is estimated and forecasted in terms of revenue (USD million) generated by the beauty supplements market.
The report analyses the beauty supplements industry based on form, application, distribution channel and geography. Various forms of beauty supplements are tablets, capsules, liquid, powder, bars and others including gummies, soft gels, oils etc. These supplements are majorly used for application covering hair care, skin care, nail care, dental care and others including multifunctional, eye care etc. The beauty supplements are distributed through various channels including supermarkets/ hypermarkets, departmental store, beauty outlets, pharmacy store, online store and others such as health and personal care stores). The global beauty supplements market is studied across various key countries of regions such as North America, Europe, Asia Pacific and Rest of the World.
Tablet emerged as the leading form of beauty supplement of the total market share in 2019
Tablet emerged as the leading form of beauty supplement of the total market share in 2019. Owing to higher compressibility of the active ingredients with no extra cost associated due to lack of capsulation resulting into a cheaper form of supplement are key factors pushing the growth of tablet form.
The skin care dominated the application segment in the year 2019
The skin care dominated the application segment in the year 2019, by grabbing highest market share. The growth of this segment can be attributed to the rising geriatric population with higher concern regarding skin care.
The online store led the industry with highest market share
The online store domainted the segment with highest market share. The growth of this segment is attributed to the rising internet penetration, higher count of tech savvy population with higher purchasing power. Rising count of populaiton preferring online shopping owing to higher convienece, easy product availability, 24*7 product display.
The European region accounted for the largest market for global beauty supplements industry in 2019
The European region accounted for the largest market for global beauty supplements market in 2019. Growing health awareness, rising economy, investment on research and development are some of key reasons that drive the beauty supplements market in European region. Likewise, the growing market with investments from several multinational manufacturers, especially in countries such as the U.S. and Canada are expected to drive the North America beauty supplements market.