Beauty Supplements Market: Foremost Reason Behind Beauty Industry Getting Big

New York, USA, 2018-Oct-29 — /EPR Network/ —Global beauty supplements market accounted for USD 3.5 Billion in 2016 and the market is expected to reach USD 6.8 Billion by the end of 2024. Further, the beauty supplements market is anticipated to expand at a CAGR of 8.6% over the forecast period i.e. 2016-2024.

The global beauty supplements market is segmented based on applications, by supplement form and by distribution channel. Applications of beauty supplements are further bifurcated into skin care, hair care, nail care and others. Skin care beauty supplements dominate the overall beauty supplements market with more than 40% share of the global market. However, rising hair related problems expected to boost the sales of hair care supplementary products. Based on the distribution channel, offline distribution channels such as speciality stores and drug stores accounted for 55.0% market share of beauty supplements.

“Global Beauty Supplements Market Outlook, 2016-2024” covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the healthcare industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler and others.

Our primary research team conducted various interviews, surveys and group discussions of industry beauty supplements manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, cosmetic product manufacturers, healthcare institutions, clinical centres, medical research laboratories and academic medical centres and universities to analyze the future prospects of the overall healthcare industry.

Skin care supplements market is the largest market share of more than 35% of the total global beauty supplements market. Goldstein Research analyst forecast the nail care market size is set to reach USD 13.31 million by 2024 from the current USD 8.4 million, growing at a CAGR of 5.9% over the forecast years.

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Market Segmentation

Global Beauty Supplements Market Segmentation can be classified on the basis of:

By Applications

• Skin Care
• Hair Care
• Nail Care
• Other

By Supplement Forms

• Tablets
• Capsules
• Liquid
• Powder
• Oils
• Other (Soft Gels, etc.)

Distribution Channels

• Online
• Offline (Beauty Specialty Stores, Supermarkets etc.)

By Geography

• North America (US, Canada) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Latin America (Brazil, Mexico and Rest of Latin America) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Beauty Supplements Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Market Trends, Drivers and Challenges

Customizable beauty care products, for instance, science-first brands like Virtue Labs have created collections for washing, care, and maintenance based on the texture individual has got and what the person is going for—in fact, they offer an online quiz to customize routine as well. Skin care supplements accounted for the largest market share of more than 35% of the total global beauty supplements market.

The popularity of beauty supplements among both male and female consumers has impacted the global beauty supplements market positively. With the large consumer base looking to up their commitment to beauty from the inside out, the global beauty supplements market is an area filled with opportunities. However, lack of awareness among the consumers regarding its availability, usage and consumption.

“Beauty Supplements Market Analysis” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also iPorter’sporter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. The global Beauty Supplements market report also recognizes value chain analysis to understand the cost differentiation to the provide the competitive advantage to the existing and new entry players.

Browse Similar Report: https://www.goldsteinresearch.com/pressrelease/global-vitamin-ingredients-market-fulfilling-the-vitamin-deficiency-across-the-globe

About Goldstein Research

Based in the U.S.,  Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East.  In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa.

We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on healthcare industry analysis reports helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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