Global Women’s Health and Beauty Supplements Market Size, Trends & Growth Opportunity, By Product, By Consumer Group, By Distribution Channel, By Application, By Age Group, By Region, & forecast till 2027.
Global Women’s Health and Beauty Supplements Market
Global Women’s Health and Beauty Supplements Market was valued at USD 55.4 Billion in 2021 and would rocket up to USD 62.5 billion at a CAGR 3.5% from 2022-2027.
To keep the body's nutritional balance, correct, women's health and beauty supplements are used. Women must maintain their physical fitness to cope with a fast-paced lifestyle due to unhealthy and stressful lifestyles. A manufactured substance known as a supplement can be consumed as a pill, capsule, tablet, or liquid to enhance their diet. Nutrients can be found in supplements separately or in combination, either from food sources or synthetically. Fertility disorders and other disorders in women are triggered by dietary changes and inadequate nutrient intake. There are several supplements on the market to help treat women's health difficulties and challenges with their skin, hair, and nails, including vitamins, minerals, enzymes, botanicals, proteins, omega-3 fatty acids, and probiotics.
Market Drivers
The market is being driven by a number of factors, including the expanding middle class, the rising prevalence of multiple nutritional deficiencies in women, the increased accessibility to supplements, the availability of multiple products, and the exponentially growing number of sales channels & advertising strategies used by major brands. Additionally, the market has grown owing to the increasing number of cases of nutritional deficiency in women. The category is also being driven by the rising demand for additional vitamins, particularly vitamins A, B, C, and E, among women of all ages who are vitamin deficient.
The demand for nutritional supplements among women, primarily during the prenatal, premenstrual, and perimenopause stages, as well as the growing incidences of micronutrient deficiencies are further factors contributing to the segment's expansion. With the aid of dietary supplements made of vitamins, proteins, biotin, and other minerals, a number of illnesses, including osteoporosis, anaemia, depression, and arthritis, can be treated. To make the user look younger and more attractive, anti-aging creams, serums, moisturising creams, and other items are utilised. They shield the skin from UV radiation and keep the pH level at a healthy level. These are some of the main forces influencing the market for women's health and beauty products.
Market Restraints
The inclusion of steroids in these products can lead to a wide variety of negative effects when used frequently. The market for women's health and beauty supplements may suffer as a result of the products' numerous negative effects, which include swelling, blisters, and inflamed skin. The expansion of the market for women's health and beauty supplements is anticipated to be hampered by strict laws and restrictions from governments.
Impact of COVID-19
Consumer awareness of health and quality of life has grown as a result of COVID-19, which has also increased supplement use. In order to support the development of their immune systems, women were also taking a variety of vitamins, minerals, probiotics, and botanicals. The COVID-19 pandemic led to a rise in the use of vitamin C, vitamin D, and zinc supplements. Lockdowns and societal norms
of distance have also increased internet purchases. The expansion of the global market has been positively impacted by this.
Market Segmentation
The Global Women’s Health and Beauty Supplements Market is segmented into Product, Consumer Group, Distribution Channel, Application, Age Group. By Product such as Vitamins, Mineral, Enzymes, Botanicals, Proteins, Omega-3, Probiotics, Others. By Consumer Group such as Prenatal, Postnatal, PMS, Perimenopause, Postmenopause, Others. By Distribution Channel such as Online, Direct Sales, Pharmacies/Drug Stores, Other offline channels. By Application such as Beauty (Skin Care, Nail Care, Hair Care, Others), Women's Health. By Age Group such as Age 15 – 30, Age 31 – 50, Age 51 – 70, Above 70 years.
Regional Analysis
The Global Women’s Health and Beauty Supplements Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In 2021, the Asia Pacific region held a disproportionately large 38.6 percent of worldwide revenue, dominating the market globally. Many products are readily available, local producers of supplements and raw materials are present, consumer awareness is growing, the working population is expanding, diseases are becoming more common, and there is a high level of disposable income. These are the main factors influencing the market's growth. Additionally, dietary supplement sales have increased in nations like China and Australia as a result of improvements to their regulatory environment, which has boosted regional market growth.
An increasing awareness of health and wellbeing, combined with dietary deficits, is expected to cause the Middle East and Africa area to grow at the quickest CAGR throughout the projected period.
Key Players
Various Key Players are listed in this report such as Herbalife International of America, Inc., GNC Holdings, Inc., Nature’s Bounty Co., Bayer AG, Garden of Life (Nestle), Suntory Holdings Ltd., Taisho Pharmaceutical Co., Ltd., Swisse Wellness Pty. Ltd, Pharmavite LLC.
Market Taxonomy
By Product
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