Skin Health Foods Global Market Report 2024

The skin health foods market size has grown strongly in recent years. It will grow from $2.05 billion in 2023 to $2.2 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth observed during the historical period can be attributed to traditional remedies, cultural practices, increasing nutritional awareness, early nutraceutical concepts, and the utilization of herbal and natural ingredients.

The skin health foods market size is expected to see strong growth in the next few years. It will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The expansion anticipated in the forecast period can be attributed to increased investment in research and development, collaborative efforts with dermatologists and experts, the impact of social media and digital marketing, the adoption of personalized nutritional solutions, and the preference for clean label and natural ingredients. Major trends expected in the forecast period encompass endorsements from medical professionals and scientific research, the influence of social media and influencers, a focus on personalized nutrition, growing awareness of the gut-skin connection, and a preference for clean and natural ingredients.

The growth of the skin health foods market is anticipated to be driven by the increasing adoption of telemedicine services. Telemedicine involves utilizing electronic information and communication technologies to provide healthcare services remotely. This allows individuals to consult with dermatologists without the need for in-person visits, facilitating the assessment and treatment of various skin conditions. In 2021, 37.0% of adults in the United States utilized telemedicine, with virtual visits by physicians increasing from 14% in six years to 80% in 2022, as reported by the Centers for Disease Control and Prevention. The surge in telemedicine services is a key factor propelling the growth of the skin health foods market.

The high incidence of allergic diseases is expected to contribute significantly to the growth of the skin health foods market. Allergic diseases involve immune system reactions to usually harmless substances. Skin health foods, rich in nutrients and compounds, play a role in reducing inflammation, supporting the immune system, and promoting skin health for individuals with allergic diseases. According to the Centers for Disease Control and Prevention's 2021 report, 31.8% of adults in the USA reported allergic diseases, with 25.7% experiencing seasonal allergies, 7.3% having eczema, and 6.2% reporting food allergies. The prevalence of allergic diseases is driving the growth of the skin health foods market.

Major companies in the skin health foods market are introducing innovative products to cater to customer needs. Examples include Get Lit, a nutrient delivery system by Caliray, a US-based wellness lifestyle company. Launched in August 2023, Get Lit is designed to promote hair, skin, and nails while offering resilience to everyday stressors. The product combines potent ingredients in an eco-friendly, dissolvable disc. It contains nicotinamide riboside, biotin, green tea phytosome, lutein, betaine, and vegan vitamin D3 to promote cell turnover and improve skin health.

Product innovation is a prevailing trend in the skin health foods market, with companies focusing on developing creative solutions to gain a competitive edge. Plix Life, an India-based wellness and nutrition company, introduced 100% plant-based snackable functional foods in June 2022. The Skin Fudge Bar Berry Blast 5G Protein, containing antioxidants, aloe vera extract, and amino acids, aims to slow down skin aging, minimize acne, and improve overall skin health and hygiene.

In July 2022, Nestlé Health Science S.A., a Switzerland-based health nutrition company, acquired The Better Health Company (TBHC) for an undisclosed amount. This acquisition is aimed at expanding Nestle's health and wellness product portfolio, offering personalized nutrition solutions, and strengthening its position in the growing consumer health market. TBHC, a US-based consumer health company, specializes in providing skin health products.

Major companies operating in the skin health foods market report are Nestle SA, BASF SE, Danone SA, DuPont de Nemours Inc., Koninklijke DSM NV, Cargill Corporation, Archer Daniels Midland Company, Herbalife Nutrition Ltd., Amway Corporation, Arla Foods Inc., Glanbia plc, Chr. Hansen Holdings A/S, General Mills Inc., Ingredion Incorporated, Kemin Industries Inc., Pfizer Inc., The Coca-Cola Company, Procter & Gamble Company, Kraft Heinz Company, J.M. Smucker Company, Campbell Soup Company, Kellogg Company, The Hain Celestial Group Inc., The Clorox Company, The Colgate-Palmolive Company, The Estée Lauder Companies Inc., L'Oreal SA, Johnson & Johnson Services Inc., Unilever plc, The Body Shop International Limited, The Honest Company Inc., The Nature's Bounty Co.

North America was the largest region in the skin health foods market in 2023. Asia-Pacific is expected to be the fastest-growing region in the skin health foods market report during the forecast period. The regions covered in the skin health foods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the skin health foods market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of skin health foods, categorized by indication, include anti-aging, skin conditions, and anti-allergy. Anti-aging refers to practices or products aimed at mitigating or reversing the effects of aging on the body, addressing concerns such as fine lines, wrinkles, and age spots. These products are derived from various sources, including peppers, broccoli, tomatoes, soy, and others, catering to consumers such as adults, the elderly, and others. Distribution is carried out through both direct and indirect channels.

The skin health foods market research report is one of a series of new reports that provides skin health foods market statistics, including global market size, regional shares, competitors with a skin health foods market share, detailed skin health foods market segments, market trends and opportunities, and any further data you may need to thrive in the skin health foods industry. This skin health foods market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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