Skin Health Foods Market Share, Size, Trends, Industry Analysis Report, By Indication (Anti-Aging, Skin Conditions, Anti-Allergy); By Region; Segment Forecast, 2022 - 2030
- Published Date:Jul-2022
- Pages: 113
- Format: PDF
- Report ID: PM2504
- Base Year: 2021
- Historical Data: 2018-2020
Report Outlook
The global skin health foods market was valued at USD 1.91 billion in 2021 and is expected to grow at a CAGR of 6.5% during the forecast period. Increased use of enriched foods with nutrients to improve general health, increased consumer awareness of health issues, increased R&D and production capacity of helpful foods and beverages, and the high frequency of allergic diseases are among the factors expected to propel skin health foods market demand over the forecast period.
Know more about this report: Request for sample pages
Customers now have more choices when purchasing goods because of the availability of a wide variety of healthy food products for treating skin health. Similar to this, aggressive marketing campaigns by manufacturers of natural wellness goods and functional foods ingredients have raised consumer awareness while also intensifying competition. These factors are expected to increase the demand for the skin health foods market over the forecast period.
Know more about this report: Request for sample pages
Industry Dynamics
Growth Drivers
Growing public knowledge of the damaging consequences of substances on the skin, including inflammation and roughness, is among the main drivers propelling the industry. Customers are looking for nutritious, rich foods products due to increasing knowledge regarding the advantages of healthy, rich food products.
There should be several possibilities in the marketplace for carotenoids due to the introduction of new methods to broaden the range of organic carotenoid manufacturing and lower the price of these goods. New approaches to more precisely and economically generate natural carotenoids are the subject of several patent applications.
One of the main factors fueling the expansion of the skin health foods sector is the rising number of people who are changing habitual eating behaviors and adopting healthy living with high nutritious meals. The worldwide industry is expected to have new opportunities as people choose organic foods manufactured from natural components for skin health.
Report Segmentation
The market is primarily segmented based on type, and region.
|
By Type |
By Region |
|
|
Know more about this report: Request for sample pages
Skin condition type segment holds the biggest market share
Skin condition type segment is expected to grow considerably throughout the forecast period due to the increasing demand to look younger with glowing skin. Furthermore, increasing consumer awareness regarding the benefits of foods products for healthy skin is anticipated to propel industry demand.
The rising demand for dietary minerals and antioxidants is expected to increase the anti-allergy segment demand over the coming years. Fish, green leafy veggies, blueberries, gooseberries, guavas, tomatoes, avocados, cucumbers, pomegranates, walnuts, water, dark chocolate, cocoa, juices, broccoli, salmon, and many more foods have anti-aging nutrients.
The market demand in North America is expected to dominate the global industry.
North America dominated the global skin health food market in 2021 and is anticipated to maintain its dominance throughout the forecast period. A large portion of North America's growth in the market for foods that improve health can be attributed to the growing awareness of the benefits of such foods.
Asia Pacific is expected to grow at the highest CAGR during the forecast period due to the presence of an aging demographic and a rising millennial generation, with a higher percentage of employed women, which will drive demand for organic skin health care.
Furthermore, emerging nations like Brazil, India, China, and others are experiencing rapid economic expansion and have expanding middle-class populations that spend a lot of money on dietary supplements and nutritious meals, which in turn will boost the regional market growth over the forecast period.
Competitive Insight
Major market players operating in the global skin health foods market include Amway, Archer, Daniels Midland Company, Arla Foods, BASF SE, Cargill, Incorporated, Chr. Hansen Holdings A/S, Danone SA, DuPont, General Mills, Glanbia PLC, Herbalife Nutrition Ltd., Ingredion Incorporated, Kemin Industries, Inc., Koninklijke DSM N.V., and Nestle SA. These players are adopting marketing strategies such as product launches, mergers, and acquisitions, along with partnerships and collaborations, in order to increase their market presence and enlarge their customer base.
Recent developments
- In June 2021, a Leading distributor of non-GMO soy ingredients in Europe and the world, Sojaprotein, announced a deal to be acquired by global nutrition company ADM.
- In June 2020, In order to broaden the microbial platform and increase the flexibility of probiotic manufacturing, Chr. Hansen acquired UAS Laboratories LLC.
- In February 2021, In accordance with a Reverse Morris Trust arrangement, IFF will conclude the previously announced merger of IFF with DuPont's Nutrition & Biosciences ("N&B") division today. The united business will go on under the name IFF.
Skin Health Foods Market Report Scope
|
Report Attributes |
Details |
|
Market size value in 2021 |
USD 1.91 billion |
|
Revenue forecast in 2030 |
USD 3.31 billion |
|
CAGR |
6.5% from 2022 - 2030 |
|
Base year |
2021 |
|
Historical data |
2018 - 2020 |
|
Forecast period |
2022 - 2030 |
|
Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
|
Segments covered |
By Type, By Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
|
Key companies |
Amway, Archer, Daniels Midland Company, Arla Foods, BASF SE, Cargill, Incorporated, Chr. Hansen Holdings A/S, Danone SA, DuPont, General Mills, Glanbia PLC, Herbalife Nutrition Ltd., Ingredion Incorporated, Kemin Industries, Inc., Koninklijke DSM N.V., and Nestle SA. |
© 2024 Polaris Market Research and Consulting. All rights reserved
