Skin Care Supplements Market to grow with a CAGR of 6.90%
Increasing
healthcare infrastructure and a supportive regulatory environment are the major
drivers for the Global Skin Care Supplements Market.
According
to TechSci Research report, “Global Skin Care Supplements Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Skin Care Supplements
Market has valued at USD 3.28 billion in 2022 and is anticipated to witness an
impressive growth in the forecast period with a CAGR of 6.90% through 2028.This
can be due to collaborations and partnerships among leading companies with a
diverse approach to merge the expertise of individual companies and to
strengthen their position in the market. The aging population is a significant
driver of the demand for skin care supplements. As individuals age, they often
become more concerned about the visible signs of aging on their skin, such as
wrinkles, fine lines, age spots, and reduced skin elasticity. This concern
drives the demand for skin care supplements that promise to address these
issues and promote youthful-looking skin. The natural production of collagen
and elastin, proteins critical for skin's strength and elasticity, tends to
decline with age. Many skin care supplements contain ingredients like collagen
peptides and hyaluronic acid, which are believed to support the body's ability
to produce these essential proteins. Aging skin is more prone to dryness and
reduced moisture retention. Supplements often include ingredients like
ceramides and fatty acids that help maintain skin hydration, resulting in a
more youthful appearance. As people age, they may pay more attention to their
overall health and well-being. Skin care supplements are seen to support skin
health from within, aligning with the broader trend of wellness-focused aging.
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" Global Skin Care Supplements Market.”
In March 2023, Neutrogena, a Johnson & Johnson
brand, has announced a collaboration with Nourished, a company specializing in
3D-printed dietary supplements. Together, they will introduce personalized skin
care gummies known as "Nourished x Neutrogena Skin360 SkinStacks."
This innovative SkinStacks process utilizes the same artificial intelligence
technology as Neutrogena's Skin360 digital skin assessment, enabling users to
scan images of their faces to receive a detailed skincare analysis. Geared
towards helping consumers achieve their skincare objectives, individuals can
make use of Neutrogena's Skin360 digital face-scanning skin assessment through
their mobile phones. This assessment utilizes over 100,000 skin pixels to
analyse more than 2,000 distinct facial attributes.
Ingredient
sourcing and sustainability pose significant challenges in the global skin care
supplements market. The sourcing of specific ingredients can be affected by
supply chain disruptions, including weather events, crop failures, or
geopolitical issues. Such disruptions can lead to ingredient shortages and
price fluctuations. Ensuring the quality and purity of sourced ingredients can
be a challenge. The variability in sourcing locations and suppliers can affect
the consistency and effectiveness of the final product. Consumers increasingly
demand transparency in ingredient sourcing, including ethical considerations
such as fair trade and cruelty-free practices. Brands must address these
concerns to meet consumer expectations. The extraction of certain ingredients
may have a negative impact on the environment. Unsustainable sourcing practices
can lead to habitat destruction, overharvesting, and deforestation. Some
ingredients, particularly those derived from plants or animals, are at risk of
overexploitation due to high demand. This can lead to the endangerment of
species or depletion of resources. Establishing and adhering to
industry-specific certifications and sustainability standards can be complex,
but they are necessary for ensuring responsible ingredient sourcing. Compliance
can add cost and time to the product development process.
Global Skin Care Supplements Market is segmented based
on Product Type, Content Type, Application, and by region.
Based on the Application, Global Skin Care
Supplements Market is segmented into Skin
Aging, Skin Hydration, Acne & Blemishes, Skin Brightening, and others. Acne
and blemishes are common skin conditions that affect many individuals,
typically occurring on the face, neck, chest, shoulders, and back. They are
characterized by the presence of various types of pimples, blackheads,
whiteheads, and red, inflamed spots on the skin. Acne is a chronic skin
condition that occurs when hair follicles become clogged with oil and dead skin
cells. It often begins during adolescence due to hormonal changes, but it can
affect people of all ages. Blemishes
are generalized imperfections on the skin's surface, which can include various
marks, discolorations, or irregularities.
Based on Region, North America held the largest share in the Global Skin Care Supplements Market.
North America has stringent regulatory standards for dietary and nutritional
supplements, which can instill a sense of trust in the quality and safety of
these products among consumers. The diverse population in North America
includes various ethnicities and skin types, creating a robust market for a
wide range of skin care supplements catering to different needs. The trend of
personalized skin care supplements has gained traction in North America, where
consumers seek tailored solutions to address their specific skincare concerns.
The region has a strong emphasis on health and wellness, with consumers increasingly
looking for holistic approaches to skincare, which includes supplements as a
part of their routine. Urban living is prevalent in North America, and this
lifestyle often exposes individuals to environmental stressors that can impact
skin health. This, in turn, fuels the demand for skin care supplements.
Some
of the major companies operating in the Global
Skin Care Supplements Market include:
- Amway
Corp.
- HUM
Nutrition, Inc.
- Nestle
SA
- Meiji
Holdings Co., Ltd.
- Plix
The Plant Fix
- Unilever
(Murad LLC)
- Johnson
& Johnson
- Perricone
MD
- TCH
Group Inc.
- Vitabiotics
Ltd.
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“Certain areas, particularly in North
America, are projected to exert significant demand for Skin Care Supplements.
The growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhance the overall wellbeing of people each
year, are expected to contribute to a remarkable growth of the Global Skin Care
Supplements Market in the forecast period," said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based Global management
consulting firm.
Skin Care Supplements Market by Product Type (Oral Supplements, Topical Supplements),
By Content Type (Organic Supplements, Chemical Supplements), by Application (Skin
Aging, Skin Hydration, Acne & Blemishes, Skin Brightening, others), By
Region, By Competition Forecast
& Opportunities, 2018-2028F has evaluated
the future growth potential of Global Skin Care Supplements Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide innovative market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Skin Care Supplements Market.
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