Beauty supplements refer to vitamins and nutrients that are used to enhance, improve, and offer support to different kind of deficiencies in the human body. Beauty supplements market has high growth prospects owing to increasing demand for skin and hair care beauty supplements. Further, growing disposable income in the developing countries and growing health concerns among people expected to drive the demand for beauty supplements over the forecasted period.This growth is primarily driven by Increasing Demand for Skin Care Beauty Supplements and Growing Focus on External Appearance among Millennials.
Globally, a noticeable market trend is evident Rising Demand for Hair Care Beauty Supplements
. Major Vendors, such as The Boots Company PLC (United Kingdom), HUM Nutrition Inc. (United States), Murad UK Ltd. (United Kingdom), BeautyScoop (United States), NeoCell Corporation (United States), Lifes2good Inc. (Ireland), Alticor (United States) and Oriflame (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
January 2019, Procter & Gamble patented a capsule including a flow agent and a supplement composition biotin, reishi, and other ingredients formulated to support the health of a human's skin, nails and hair. and August 2018, Ageless Nutrition launched beauty supplement for hair, AgelessHair faster growing and shiny hair integrated with natural ingredients such as biotin, collagen, folate, vitamin B12, and horsetail leaf extract.
- Increasing Demand for Skin Care Beauty Supplements
- Growing Focus on External Appearance among Millennials
- Rising Demand for Hair Care Beauty Supplements
- Growth in Online Distribution Channel for Beauty Supplements
- Stringent Government Regulations Regarding Beauty Supplements
- High Prices Associated With Beauty Supplements
Growing Health Concerns among People and Growing Disposable Income in the Developing Economies
Lack of Awareness in the Low and Middle Income Group Countries
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