Beauty Supplements Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021
Supplements consist of products that are used to enhance, improve, and offer support to any kind of deficiency in the human body. These are usually offered to the consumers in various different forms such as pills, capsules, soft gels, or even in powdered or liquid form. Beauty supplements are the combination of minerals, vitamins, nutritional ingredients, and other bioactive ingredients, which help in enhancing one’s external outlook and appearance. Supplements are classified on the basis of type, namely, herbal supplements and natural supplements. Furthermore, supplements can be segmented based on their application such as beauty supplements, dietary supplements, weight control supplements, vitamin supplements, health supplements, energy supplements, weight gain supplements, memory supplements, probiotic supplements, high supplements, and others.
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On the basis of application, the global beauty supplements market is segmented as beauty supplements for skin, nails, hair, teeth, and others. Further, based on the distribution channel, the global beauty supplements market is segmented as beauty specialist outlet, supermarkets, chemist/pharmacies/drugstores, online retailing, and others. The chemist/pharmacies/drugstores segment is anticipated to contribute to high growth in terms of revenue in the beauty supplements market. In addition, the beauty specialist outlet segment is also contributing to growth in terms revenue followed by supermarkets segment.
Rising concerns of people towards their appearance and looks along with high spending power has resulted in the high growth of the global beauty supplements market in the past few years. In addition, the popularity of beauty supplements amongst females and males has also impacted the global beauty supplements market in a positive way. People being conscious about their appearances is also likely to impel the demand for beauty supplements around the globe.
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Europe is anticipated to witness highest market share and is also expected to dominate the global beauty supplements market in the near future. The global beauty supplements market is mainly concentrated in Western Europe and is expected to influence owing to rising concerns of people towards their external outlook and appearance along with high disposable income possessed by the consumers. Moreover, the influence of people with their peer group, neighbors, family, magazines, endorsement by celebrities, and rising disposable income are factors that are anticipated to boost the growth of beauty supplements market in North America and Asia Pacific in future. In Asia Pacific, Japan is anticipated to be the major contributor in terms of revenue followed by China.
Some of the major players dominating the global beauty supplements market are The Boots Company, Murad UK Ltd., BeautyScoop, and Life2good Inc. Other key companies influencing the global market are Neocell Corporation, HUM nutrition, and others.
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Beauty Supplements Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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