The global women health and beauty supplements market was valued at $57,280.90 million in 2020, and is expected to reach $206,885.20 million by 2030 at a CAGR of 12.4% during the forecast period.
Rising awareness levels about health and wellness along with growing adoption of an active lifestyle are expected to boost the product demand. Women are shifting their focus toward preventative healthcare and consuming Vitamins & Minerals. In addition, the COVID-19 pandemic has led to rise in awareness of physical, mental, and emotional health and increased implementation of self-care among consumers. This, in turn, has increased adoption of health and beauty supplements. Furthermore, consumers have also started adopting vitamins, minerals, and botanicals to boost immunity. They are usually consumed to enhance body metabolism and reduce the occurrence of lifestyle disorders.
According to the consumer survey of Council for Responsible Nutrition's (CRN), more than 70% women in the U.S. (around 113 million female consumers) prefer taking supplements on regular basis. The same survey reveals that top concerns for taking dietary supplements such as overall wellness accounts for 57%, bone health for 31%, and healthy aging for 27%. Along with prominent shift of society toward preventive and healthier lifestyle, coupled with growth in consumers including children and aged population, choosing nutrition supplements in their daily routines are expected to propel growth of the global women health and beauty supplements market. However, fake product marketing and violation of regulations regarding labels of products are anticipated to restrain growth of the women health and beauty supplements market.
Post-menopause female population is more susceptible to diseases such as anemia, osteoporosis, osteoarthritis (OA), fibromyalgia, obesity, and depression. According to the World Health Organization (WHO), 18.0% of women above 60 years have osteoarthritis globally, out of which 80% have movement limitations and 25% are cannot perform major activities of daily life. In August 2019, the Food and Drug Administration (FDA) reported that women use various dietary supplements to deal with menopausal symptoms. New product developments that help reduce the risk of health problems associated with post-menopause such as osteoporosis is expected to increase acceptance of the women health supplements product. Changing dietary habits and inadequate nutrient consumption is also responsible for causing fertility issues and other problems in women. According to the WHO, hot flashes are experienced by 73% of postmenopausal women, and sleep disturbances and fatigue associated with it are likely to increase their dependence on certain medications. According to the WHO, in 2016, 15% of women were obese, owing to higher intake of fat-constituted products, rising physical inactivity, and changes in dietary patterns. High prevalence of such conditions post menopause is one of the key factors driving adoption of such supplements, further driving the market for women nutrition.
The global women health and beauty supplements market is segmented on the basis of product, consumer group, application, distribution channel, and region. On the basis of product, it is categorized into vitamins & minerals, botanical, proteins & amino acids, and others. On the basis of application, it is categorized into beauty and women health. On the basis of distribution channel, it is categorized into hypermarkets/supermarkets, health & beauty retail stores, drug stores, and online pharmacies & e-commerce sites. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA). North America accounted for the largest market share in 2019, and is expected to retain its dominance throughout the forecast period. This is attributed to factors such as presence of major market players in this region, which are introducing quality products to capture maximum market share. In addition, government support for research & development and availability of funds for research fuel the market growth. Moreover, the U.S. is the target area for top players in the market, owing to high awareness regarding dietary supplements devices. However, Asia-Pacific and LAMEA are expected to emerge as lucrative areas with maximum growth potential, owing to investments in new inventions, general economic conditions, increase in number of athletes and sports professionals, increase in economy, and rise in health risks and diseases, which can be controlled by consumption of dietary supplements.
The key companies operating in the market include 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, and Pfizer Inc.
North America
Europe
Asia-Pacific
LAMEA
Rising awareness levels about health and wellness along with growing adoption of an active lifestyle are expected to boost the product demand. Women are shifting their focus toward preventative healthcare and consuming Vitamins & Minerals. In addition, the COVID-19 pandemic has led to rise in awareness of physical, mental, and emotional health and increased implementation of self-care among consumers. This, in turn, has increased adoption of health and beauty supplements. Furthermore, consumers have also started adopting vitamins, minerals, and botanicals to boost immunity. They are usually consumed to enhance body metabolism and reduce the occurrence of lifestyle disorders.
According to the consumer survey of Council for Responsible Nutrition's (CRN), more than 70% women in the U.S. (around 113 million female consumers) prefer taking supplements on regular basis. The same survey reveals that top concerns for taking dietary supplements such as overall wellness accounts for 57%, bone health for 31%, and healthy aging for 27%. Along with prominent shift of society toward preventive and healthier lifestyle, coupled with growth in consumers including children and aged population, choosing nutrition supplements in their daily routines are expected to propel growth of the global women health and beauty supplements market. However, fake product marketing and violation of regulations regarding labels of products are anticipated to restrain growth of the women health and beauty supplements market.
Post-menopause female population is more susceptible to diseases such as anemia, osteoporosis, osteoarthritis (OA), fibromyalgia, obesity, and depression. According to the World Health Organization (WHO), 18.0% of women above 60 years have osteoarthritis globally, out of which 80% have movement limitations and 25% are cannot perform major activities of daily life. In August 2019, the Food and Drug Administration (FDA) reported that women use various dietary supplements to deal with menopausal symptoms. New product developments that help reduce the risk of health problems associated with post-menopause such as osteoporosis is expected to increase acceptance of the women health supplements product. Changing dietary habits and inadequate nutrient consumption is also responsible for causing fertility issues and other problems in women. According to the WHO, hot flashes are experienced by 73% of postmenopausal women, and sleep disturbances and fatigue associated with it are likely to increase their dependence on certain medications. According to the WHO, in 2016, 15% of women were obese, owing to higher intake of fat-constituted products, rising physical inactivity, and changes in dietary patterns. High prevalence of such conditions post menopause is one of the key factors driving adoption of such supplements, further driving the market for women nutrition.
The global women health and beauty supplements market is segmented on the basis of product, consumer group, application, distribution channel, and region. On the basis of product, it is categorized into vitamins & minerals, botanical, proteins & amino acids, and others. On the basis of application, it is categorized into beauty and women health. On the basis of distribution channel, it is categorized into hypermarkets/supermarkets, health & beauty retail stores, drug stores, and online pharmacies & e-commerce sites. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Spain, Italy, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA). North America accounted for the largest market share in 2019, and is expected to retain its dominance throughout the forecast period. This is attributed to factors such as presence of major market players in this region, which are introducing quality products to capture maximum market share. In addition, government support for research & development and availability of funds for research fuel the market growth. Moreover, the U.S. is the target area for top players in the market, owing to high awareness regarding dietary supplements devices. However, Asia-Pacific and LAMEA are expected to emerge as lucrative areas with maximum growth potential, owing to investments in new inventions, general economic conditions, increase in number of athletes and sports professionals, increase in economy, and rise in health risks and diseases, which can be controlled by consumption of dietary supplements.
The key companies operating in the market include 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, and Pfizer Inc.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global women health and beauty supplements market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2020 to 2030, which is expected to enable stakeholders to capitalize on prevailing market opportunities.
- The Key market players and their strategies have been analyzed to understand the competitive outlook of the global women health and beauty supplements market.
KEY MARKET SEGMENTS
KEY MARKET SEGMENTS
By Product
- Vitamins & Minerals
- Botanical
- Proteins & Amino Acids
- Others
By Consumer Group
- Pre & postnatal
- Premenstrual syndrome
- menopause
- Others
By Distribution Channel
- Hypermarkets/Supermarkets
- Health & Beauty Retail Stores
- Drug Stores
- Online Pharmacies & E-Commerce Sites
By Application
- Beauty
- Skin
- Hair
- Nail
- Women Health
By Region
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- 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.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WOMEN HEALTH AND BEAUTY SUPPLEMENTS MARKET, BY PRODUCT
CHAPTER 5: WOMEN HEALTH AND BEAUTY SUPPLEMENTS, BY CONSUMER GROUP
CHAPTER 6: WOMEN HEALTH AND BEAUTY SUPPLEMENTS MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: WOMEN HEALTH AND BEAUTY SUPPLEMENTS MARKET, BY APPLICATION
CHAPTER 8: WOMEN HEALTH AND BEAUTY SUPPLEMENTS MARKET, BY REGION
List of Tables
List of Figures
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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