Beauty Supplements Market
Beauty Supplements Market Forecasts to 2030 - Global Analysis By Form (Tablets, Capsules, Oils, Powder and Other Forms), Distribution Channel (Hypermarkets/Supermarkets, Online Stores, Medical Stores/Pharmacy, Specialty Stores and Other Distribution Channels), Application and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $2.9 BN |
|
Projected Year Value (2030) |
US $4.6 BN |
|
CAGR (2023 - 2030) |
6.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Middle East & Africa |
According to Stratistics MRC, the Global Beauty Supplements Market is accounted for $2.9 billion in 2023 and is expected to reach $4.6 billion by 2030 growing at a CAGR of 6.6% during the forecast period. Beauty supplements are dietary supplements created to improve and support multiple aspects of beauty, such as healthy skin, hair development, and strong nails. Usually, they include a blend of vitamins, minerals, antioxidants, and other healthy elements. These supplements work to improve overall attractiveness and well-being from the inside out by giving the body critical nutrients that may be missing from one's usual diet. Beauty supplements are thought to work in conjunction with conventional exterior beauty procedures and help people keep a vibrant, youthful appearance, but they are not a replacement for a healthy lifestyle and skincare regimen.
Market Dynamics:
Driver:
Increase in awareness and focus on personal appearance
An increased interest in beauty supplements made from natural and organic sources is a result of the rising popularity of wellness and natural beauty trends. There is an increase in demand for beauty supplements as a way to improve physical appearance. Moreover, consumers are becoming more aware of the connection between inner beauty and exterior attractiveness. Beauty supplements are viewed as a way to improve general health and address particular aesthetic issues, including skin aging, hair loss, and nail health. Therefore, these factors help in propelling the market growth.
Restraint:
High expenses with side effects
Beauty supplements can be pricey; particularly those made with premium components or promoted as high-end goods. Furthermore, the market's potential may be constrained by consumer price sensitivity, particularly in price-conscious sectors, some beauty products may have negative side effects or trigger allergic responses in some people. Hence, this may result in dissatisfied clients, product recalls, and brand reputation damage which initially hampers the size of the market.
Opportunity:
New advancements and influencers
The development of ingredient science has advanced in the field of beauty supplements. As a result, new and potent compounds, including collagen peptides, antioxidants, vitamins, and minerals, have been created, each of which is thought to enhance a certain component of beauty. Moreover, the popularity of beauty supplements is significantly influenced by the advertisements and promotions made by celebrities and social media influencers. Their followers are made aware of them and become interested in them through their recommendations and opinions. Thus, these aspects drive the growth of the market.
Threat:
Challenges and lack of evidence
Despite what makers of beauty supplements promise, many products' efficacy and safety aren't always well supported by accurate scientific studies. Consumer disapproval and market expansion may be hampered by a lack of evidence that is convincing. Furthermore, with differing standards and laws in every nation, beauty supplements frequently fall into legal contradiction. Thus, manufacturers may have difficulties in terms of labeling, compliance, and making truthful statements regarding the advantages of the product.
Covid-19 Impact
The market for beauty supplements was negatively impacted by the COVID-19 outbreak. Lockdowns, unstable economic conditions, and interrupted supply chains caused consumer spending to decline, and the priority was to move away from luxuries like beauty supplements. Additionally, the popularity of beauty goods declined as a result of social isolation policies and a decline in social engagement, problems with production and delivery also reduced the availability of products and increased their cost. Furthermore, during the pandemic, consumers' attention and spending switched from beauty supplements to health and immunity. Thus, these factors hinder market growth.
The tablets segment is expected to be the largest during the forecast period
The tablets segment is estimated to hold the largest share, as they are oral beauty supplements come in the form of solid pills or tablets. The vitamins, minerals, antioxidants, and other compounds found in these pills frequently work to support stronger hair, skin, and nails. Moreover, they are well-liked since they are practical and simple to consume. Therefore, this market is a major participant in the larger beauty and wellness sector because it gives consumers a useful option to support their skincare and beauty goals with nutritional supplements.
The hair care segment is expected to have the highest CAGR during the forecast period
The hair care segment is anticipated to have highest CAGR during the forecast period. These dietary supplements often come in a variety of shapes, including capsules, gummies, or powders, and include a combination of vitamins, minerals, amino acids, and botanical extracts that work to improve the health, strength, and development of hair. Additionally, these solutions are frequently used by customers as a supplemental strategy to their hair care regimen when they are looking to address concerns like hair loss, thinning, or dullness. Therefore, in keeping with the general trends in the beauty and wellness industries, the segment offers to people looking for all-inclusive solutions to attain lustrous and vibrant hair.
Region with largest share:
North America commanded the largest market share during the extrapolated period owing to the numerous established and emerging manufacturers diversifying their product lines within the ingestible beauty category, by which the market for beauty supplements in the United States has been growing steadily. Furthermore, , the growing popularity of the holistic health and wellness trend, rising female workforce participation, a rise in the number of women who want to age gracefully, digital marketing, product personalization, a variety of product form factors, and extensive branding are some of the key factors anticipated to propel the country's market growth.
Region with highest CAGR:
Middle East & Africa is expected to witness highest CAGR over the projection period, owing to the ongoing change in health patterns among the residents of this region. Additionally, residents of this area have easier access to dietary and health-related information. The primary wellness concerns of women are addressed by this beauty supplement, which includes skin tone. Furthermore, consumer demand for beauty supplements in the region is being driven by rising health consciousness among the individuals, which is anticipated to support market expansion in the Middle East & Africa.
Key players in the market
Some of the key players in the Beauty Supplements Market include Amway, Asahi Group Holdings, Ltd., Bayer AG, Blackmores, Everest NeoCell LLC., Herbalife International of America Inc., HUM Nutrition Inc., Meiji Holdings Co., Ltd., Murad Europe Ltd., Pfizer Inc., Pharmavite LLC, Reserveage Nutrition, Suntory Holdings Limited, The Boots Company PLC and Vitabiotics Ltd.
Key Developments:
In October 2023, HUM Nutrition launched its newest supplement, Best of Berberine, packed with 1200mg of pure Berberine. The 30-day supply of HUM's newest verified clean, vegan, and made with a clinically tested dose of berberine supplement offers a helpful boost for those interested in managing weight and healthy glucose levels.
In February 2023, ForGround by Bayer announced the addition of three new companies – Great Plains Ag, Sound Agriculture and EarthOptics – to its growing network of resources and expertise to help farmers be successful in adopting and implementing regenerative agriculture practices.
In September 2022, Bayer announced a groundbreaking regenerative farming collaboration with Perdue AgriBusiness aimed at large-scale carbon emission reductions and creating a model for a more sustainable food value chain spanning across Perdue’s entire grain network.
In January 2021, HUM Nutrition, the leader in the beauty vitamin and supplement category, launched its latest revolutionary product CALM SWEET CALM ™, a vegan gummy formulated with Ashwagandha root and L-theanine to reduce and control symptoms of stress.
Forms Covered:
• Tablets
• Capsules
• Oils
• Powder
• Other Forms
Distribution Channels Covered:
• Hypermarkets/Supermarkets
• Online Stores
• Medical Stores/Pharmacy
• Specialty Stores
• Other Distribution Channels
Applications Covered:
• Hair Care
• Nail Care
• Skin Care
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Beauty Supplements Market, By Form
5.1 Introduction
5.2 Tablets
5.3 Capsules
5.4 Oils
5.5 Powder
5.6 Other Forms
6 Global Beauty Supplements Market, By Distribution Channel
6.1 Introduction
6.2 Hypermarkets/Supermarkets
6.3 Online Stores
6.4 Medical Stores/Pharmacy
6.5 Specialty Stores
6.6 Other Distribution Channels
7 Global Beauty Supplements Market, By Application
7.1 Introduction
7.2 Hair Care
7.3 Nail Care
7.4 Skin Care
7.5 Other Applications
8 Global Beauty Supplements Market, By Geography
8.1 Introduction
8.2 Global
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Amway
10.2 Asahi Group Holdings, Ltd.
10.3 Bayer AG
10.4 Blackmores
10.5 Everest NeoCell LLC.
10.6 Herbalife International of America Inc.
10.7 HUM Nutrition Inc.
10.8 Meiji Holdings Co., Ltd.
10.9 Murad Europe Ltd.
10.10 Pfizer Inc.
10.11 Pharmavite LLC
10.12 Reserveage Nutrition
10.13 Suntory Holdings Limited
10.14 The Boots Company PLC
10.15 Vitabiotics Ltd.
List of Tables
1 Global Beauty Supplements Market Outlook, By Region (2021-2030) ($MN)
2 Global Beauty Supplements Market Outlook, By Form (2021-2030) ($MN)
3 Global Beauty Supplements Market Outlook, By Tablets (2021-2030) ($MN)
4 Global Beauty Supplements Market Outlook, By Capsules (2021-2030) ($MN)
5 Global Beauty Supplements Market Outlook, By Oils (2021-2030) ($MN)
6 Global Beauty Supplements Market Outlook, By Powder (2021-2030) ($MN)
7 Global Beauty Supplements Market Outlook, By Other Forms (2021-2030) ($MN)
8 Global Beauty Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
9 Global Beauty Supplements Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
10 Global Beauty Supplements Market Outlook, By Online Stores (2021-2030) ($MN)
11 Global Beauty Supplements Market Outlook, By Medical Stores/Pharmacy (2021-2030) ($MN)
12 Global Beauty Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
13 Global Beauty Supplements Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
14 Global Beauty Supplements Market Outlook, By Application (2021-2030) ($MN)
15 Global Beauty Supplements Market Outlook, By Hair Care (2021-2030) ($MN)
16 Global Beauty Supplements Market Outlook, By Nail Care (2021-2030) ($MN)
17 Global Beauty Supplements Market Outlook, By Skin Care (2021-2030) ($MN)
18 Global Beauty Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
19 North America Beauty Supplements Market Outlook, By Country (2021-2030) ($MN)
20 North America Beauty Supplements Market Outlook, By Form (2021-2030) ($MN)
21 North America Beauty Supplements Market Outlook, By Tablets (2021-2030) ($MN)
22 North America Beauty Supplements Market Outlook, By Capsules (2021-2030) ($MN)
23 North America Beauty Supplements Market Outlook, By Oils (2021-2030) ($MN)
24 North America Beauty Supplements Market Outlook, By Powder (2021-2030) ($MN)
25 North America Beauty Supplements Market Outlook, By Other Forms (2021-2030) ($MN)
26 North America Beauty Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
27 North America Beauty Supplements Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
28 North America Beauty Supplements Market Outlook, By Online Stores (2021-2030) ($MN)
29 North America Beauty Supplements Market Outlook, By Medical Stores/Pharmacy (2021-2030) ($MN)
30 North America Beauty Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
31 North America Beauty Supplements Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
32 North America Beauty Supplements Market Outlook, By Application (2021-2030) ($MN)
33 North America Beauty Supplements Market Outlook, By Hair Care (2021-2030) ($MN)
34 North America Beauty Supplements Market Outlook, By Nail Care (2021-2030) ($MN)
35 North America Beauty Supplements Market Outlook, By Skin Care (2021-2030) ($MN)
36 Europe Beauty Supplements Market Outlook, By Country (2021-2030) ($MN)
37 Europe Beauty Supplements Market Outlook, By Form (2021-2030) ($MN)
38 Europe Beauty Supplements Market Outlook, By Tablets (2021-2030) ($MN)
39 Europe Beauty Supplements Market Outlook, By Capsules (2021-2030) ($MN)
40 Europe Beauty Supplements Market Outlook, By Oils (2021-2030) ($MN)
41 Europe Beauty Supplements Market Outlook, By Powder (2021-2030) ($MN)
42 Europe Beauty Supplements Market Outlook, By Other Forms (2021-2030) ($MN)
43 Europe Beauty Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
44 Europe Beauty Supplements Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
45 Europe Beauty Supplements Market Outlook, By Online Stores (2021-2030) ($MN)
46 Europe Beauty Supplements Market Outlook, By Medical Stores/Pharmacy (2021-2030) ($MN)
47 Europe Beauty Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
48 Europe Beauty Supplements Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
49 Europe Beauty Supplements Market Outlook, By Application (2021-2030) ($MN)
50 Europe Beauty Supplements Market Outlook, By Hair Care (2021-2030) ($MN)
51 Europe Beauty Supplements Market Outlook, By Nail Care (2021-2030) ($MN)
52 Europe Beauty Supplements Market Outlook, By Skin Care (2021-2030) ($MN)
53 Europe Beauty Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
54 Asia Pacific Beauty Supplements Market Outlook, By Country (2021-2030) ($MN)
55 Asia Pacific Beauty Supplements Market Outlook, By Form (2021-2030) ($MN)
56 Asia Pacific Beauty Supplements Market Outlook, By Tablets (2021-2030) ($MN)
57 Asia Pacific Beauty Supplements Market Outlook, By Capsules (2021-2030) ($MN)
58 Asia Pacific Beauty Supplements Market Outlook, By Oils (2021-2030) ($MN)
59 Asia Pacific Beauty Supplements Market Outlook, By Powder (2021-2030) ($MN)
60 Asia Pacific Beauty Supplements Market Outlook, By Other Forms (2021-2030) ($MN)
61 Asia Pacific Beauty Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
62 Asia Pacific Beauty Supplements Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
63 Asia Pacific Beauty Supplements Market Outlook, By Online Stores (2021-2030) ($MN)
64 Asia Pacific Beauty Supplements Market Outlook, By Medical Stores/Pharmacy (2021-2030) ($MN)
65 Asia Pacific Beauty Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
66 Asia Pacific Beauty Supplements Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
67 Asia Pacific Beauty Supplements Market Outlook, By Application (2021-2030) ($MN)
68 Asia Pacific Beauty Supplements Market Outlook, By Hair Care (2021-2030) ($MN)
69 Asia Pacific Beauty Supplements Market Outlook, By Nail Care (2021-2030) ($MN)
70 Asia Pacific Beauty Supplements Market Outlook, By Skin Care (2021-2030) ($MN)
71 Asia Pacific Beauty Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
72 South America Beauty Supplements Market Outlook, By Country (2021-2030) ($MN)
73 South America Beauty Supplements Market Outlook, By Form (2021-2030) ($MN)
74 South America Beauty Supplements Market Outlook, By Tablets (2021-2030) ($MN)
75 South America Beauty Supplements Market Outlook, By Capsules (2021-2030) ($MN)
76 South America Beauty Supplements Market Outlook, By Oils (2021-2030) ($MN)
77 South America Beauty Supplements Market Outlook, By Powder (2021-2030) ($MN)
78 South America Beauty Supplements Market Outlook, By Other Forms (2021-2030) ($MN)
79 South America Beauty Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
80 South America Beauty Supplements Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
81 South America Beauty Supplements Market Outlook, By Online Stores (2021-2030) ($MN)
82 South America Beauty Supplements Market Outlook, By Medical Stores/Pharmacy (2021-2030) ($MN)
83 South America Beauty Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
84 South America Beauty Supplements Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
85 South America Beauty Supplements Market Outlook, By Application (2021-2030) ($MN)
86 South America Beauty Supplements Market Outlook, By Hair Care (2021-2030) ($MN)
87 South America Beauty Supplements Market Outlook, By Nail Care (2021-2030) ($MN)
88 South America Beauty Supplements Market Outlook, By Skin Care (2021-2030) ($MN)
89 South America Beauty Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
90 Middle East & Africa Beauty Supplements Market Outlook, By Country (2021-2030) ($MN)
91 Middle East & Africa Beauty Supplements Market Outlook, By Form (2021-2030) ($MN)
92 Middle East & Africa Beauty Supplements Market Outlook, By Tablets (2021-2030) ($MN)
93 Middle East & Africa Beauty Supplements Market Outlook, By Capsules (2021-2030) ($MN)
94 Middle East & Africa Beauty Supplements Market Outlook, By Oils (2021-2030) ($MN)
95 Middle East & Africa Beauty Supplements Market Outlook, By Powder (2021-2030) ($MN)
96 Middle East & Africa Beauty Supplements Market Outlook, By Other Forms (2021-2030) ($MN)
97 Middle East & Africa Beauty Supplements Market Outlook, By Distribution Channel (2021-2030) ($MN)
98 Middle East & Africa Beauty Supplements Market Outlook, By Hypermarkets/Supermarkets (2021-2030) ($MN)
99 Middle East & Africa Beauty Supplements Market Outlook, By Online Stores (2021-2030) ($MN)
100 Middle East & Africa Beauty Supplements Market Outlook, By Medical Stores/Pharmacy (2021-2030) ($MN)
101 Middle East & Africa Beauty Supplements Market Outlook, By Specialty Stores (2021-2030) ($MN)
102 Middle East & Africa Beauty Supplements Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
103 Middle East & Africa Beauty Supplements Market Outlook, By Application (2021-2030) ($MN)
104 Middle East & Africa Beauty Supplements Market Outlook, By Hair Care (2021-2030) ($MN)
105 Middle East & Africa Beauty Supplements Market Outlook, By Nail Care (2021-2030) ($MN)
106 Middle East & Africa Beauty Supplements Market Outlook, By Skin Care (2021-2030) ($MN)
107 Middle East & Africa Beauty Supplements Market Outlook, By Other Applications (2021-2030) ($MN)
List of Figures
List of Figures
Figure 1 Global Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 2 North America Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 3 US Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 4 Canada Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 6 Europe Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 7 Germany Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 8 UK Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 9 Italy Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 10 France Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 11 Spain Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 14 Japan Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 15 China Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 16 India Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 17 Australia Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 21 South America Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 24 Chile Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 28 UAE Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Beauty Supplements Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Beauty Supplements Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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