The global Women’s Health and Beauty Supplements market size is expected to be worth around US$ 80.6 billion by 2030, according to a new report by Vision Research Reports.
The global Women’s Health and Beauty Supplements market size was valued at US$ 55.0 billion in 2020 and is anticipated to grow at a CAGR of 5.9% during forecast period 2021 to 2030.
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Women’s Health and Beauty Supplements Market (By Product: Vitamins, Mineral, Enzymes, Botanicals, Proteins, Omega-3, Probiotics; By Application: Beauty, Women’s Health; By Age Group: Age 15 – 30, Age 31 – 50, Age 51 – 70, Above 70 years; By Consumer Group: Prenatal, Postnatal, PMS, Perimenopause, Postmenopause; By Sales Channel: Online, Direct Sales, Pharmacies/Drug Stores, Other offline channels) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030
|Market Size||US$ 80.6 Billion by 2030|
|Growth Rate||CAGR of 5.9% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application, Age Group, Consumer Group, Sales Channel|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Amway; Herbalife International of America Inc.; GNC Holdings Inc.; The Nature’s Bounty Co.; Bayer AG; Garden of Life (Nestle); Suntory Holdings Limited; Taisho Pharmaceutical Co. Ltd.; Swisse Wellness Pty. Ltd.; Pharmavite LLC; Pfizer Inc.; Blackmores; Fancl Corporation; Asahi Group Holdings; Usana Health Sciences; Nu Skin Enterprises; By Health Co. Ltd; Revital Ltd.; The Himalaya Drug Company; Vita Life Sciences; Grape King Bio Ltd.; Standard Foods Corporation|
Rising awareness levels about health and wellness along with the growing adoption of an active lifestyle are expected to boost product demand. Women are shifting their focus towards preventative healthcare and consuming vitamins and minerals. In addition, the COVID-19 pandemic has boosted the awareness of physical, mental, and emotional health and increased the implementation of self-care among consumers. This, in turn, has increased the adoption of health and beauty supplements. Consumers have started adopting vitamins, minerals, and botanicals to boost immunity.
By Product Analysis
The vitamins product segment accounted for the largest revenue share of over 37% in 2020 owing to the increased demand for immunity-boosting vitamins, such as vitamin C, D, and B, during the COVID-19 pandemic.
vitamin A is known to play a crucial role in the formation of organs, such as the lungs, kidneys, and heart of the fetus. However, the enzymes segment is expected to grow at the fastest CAGR over the forecast period due to the growing demand for Co-Enzyme Q10. Co-Enzyme Q10 is used widely in skin repair and cellular rejuvenation applications.
By Application Analysis
The women’s health application segment held the highest market share of more than 68% in 2020 and is also estimated to register the fastest CAGR during the forecast period. This growth is attributed to the availability of a variety of supplements for different conditions, such as prenatal, postnatal, bone & joint health, immune system, digestive system health, stress management, heart health, eye health, sexual health, and memory.
The increasing cases of vitamin, iron and other nutritional deficiencies among women are also supporting the segment growth. Moreover, a rise in the need for nutrients, mainly in prenatal, premenstrual, and perimenopause stages, is estimated to drive the segment growth. Consumption of immunity-boosting products has increased during the pandemic.
By Age Group Analysis
The age group 30 – 50 years segment held the highest market share of more than 42% in 2020. The high adoption of preventative medicines and the presence of a large consumer pool is major factor responsible for the high market share of this segment.
the above 70 years segment is estimated to register the fastest CAGR during the forecast period. It is attributed to the growing geriatric population. According to United Nations, the women population aged 80 years and above will reach 59% of the total population.
By Consumer Group Analysis
The others segment held the highest market share of 32.6% in 2020. A significant number of adolescent girls are reported to be underweight, and adequate intake of dietary supplements has been shown to improve their overall health.
the post-natal segment is estimated to register the fastest CAGR during the forecast period. Many women consume supplements to lose post-partum weight and maintain a healthy lifestyle.
women are looking for achieving adequate nutrient intake during the lactation phase. In addition, post-natal depression can be prevented by adequate nutrient intake. All the above-mentioned parameters are estimated to drive the post-natal segment growth during the forecast period.
By Sales Channel Analysis
The direct sales channel segment accounted for the largest revenue share of 35% in 2020. This is owing to the high consumer preference and trust for direct sales channels over other channels. Moreover, the direct sales channel offers lucrative discounts and flexible schemes.
the online segment is expected to grow at the fastest CAGR over the forecast period owing to a high preference for online channels and growing adoption of e-commerce platforms. There is a growing trend of personalization of vitamins and other nutrients.
By Regional Analysis
Asia Pacific accounted for the highest revenue share of 38.9% in 2020, due to the increased awareness and adoption of women’s health and beauty supplements, and high disposable income & number of working women.
Middle East & Africa is anticipated to register the fastest CAGR during the forecast period. The increasing number of instances of nutritional deficiencies, the growing concerns about lifestyle disorders, and rising product awareness are estimated to drive the regional markets.
- Herbalife International of America, Inc.
- GNC Holdings, Inc.
- The Nature’s Bounty Co.
- Bayer AG; Garden of Life (Nestle)
- Suntory Holdings Ltd.
- Taisho Pharmaceutical Co. Ltd.
- Swisse Wellness Pty. Ltd.
- Pharmavite LLC
- Pfizer, Inc.
- Fancl Corp.
- Asahi Group Holdings
- Usana Health Sciences
- Nu Skin Enterprises
- BY-Health Co. Ltd.
- Revital Ltd.
- The Himalaya Drug Company
- Vita Life Sciences
- Grape King Bio Ltd.
- Standard Foods Corp.
- By Product
- By Application
- Women’s Health
- Skin Care
- Nail Care
- Hair Care
- By Age Group
- Age 15 – 30
- Age 31 – 50
- Age 51 – 70
- Above 70 years
- By Consumer Group
- By Sales Channel
- Direct Sales
- Pharmacies/Drug Stores
- Other offline channels
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- North America
Browse complete table of contents at@ https://www.visionresearchreports.com/womens-health-and-beauty-supplements-market/toc/38899
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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