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InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled “Global Beauty Ingestible Market by (Ingredient (Vitamins and Minerals, Collagen, Carotenoid, Co-enzymes, and Others Types), Application (Skin Care, Hair Care, Weight Management, and Others), End-user (Drug Stores/Pharmacies, Supermarkets/Hypermarkets, Specialist Stores, Online Stores, and Others) – Market Outlook and Industry Analysis 2030” According to company’s newest research, the global Beauty Ingestible Market is worth US$ 3.29 Billion and is predicted to reach US$ 8.30 Billion in 2030, with a promising CAGR of 11 % between 2022 and 2030.
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The beauty sector continues to endeavor to provide a diverse range of new cosmetics products to address the demands and needs of consumers. In the beauty sector, beauty ingestibles are a new concept. Beauty Ingestibles are ingestible supplements that can help maintain good skin, hair, and nails while improving overall health. Ingestible supplements aid in delivering necessary nutrients to the body’s cells via circulation, allowing them to create proteins such as collagen and elastin, which are essential for skin health and suppleness. Numerous studies have shown that taking systemic beauty supplements can help protect and improve the appearance of the skin.
The most important factor influencing the growth includes the rapidly evolving beauty industry, a high prevalence of skin and lifestyle diseases, changing lifestyles and rising health awareness, shifts in routines and product choices, and a lack of collagen. Technological advancements in the beauty industries and an increasingly health-conscious public are expected to contribute to the growth of the market for Beauty Ingestibles over the forecast period. Furthermore, the easy availability of customized nutritional beauty supplements along with rising R&D initiatives to develop natural and herbal skincare products are projected to accelerate the market growth in upcoming years.
Impact of Covid-19 Analysis:
The outbreak of the COVID-19 pandemic has hampered market growth due to supply chain disruptions. However, in recent years, health consciousness has risen dramatically due to global environmental change and the COVID-19 outbreak, both of which have an impact on people’s lifestyles. Besides, the “Beauty-from-Within” category, which includes strategies such as changing food habits and sleeping patterns to improve general skin health, is gaining popularity.
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Market Segmentation Analysis:
Regionally, the Asia Pacific region held a significant share in the market. Regional growth is contributed to the rising adoption of beauty supplements along with rising consumer awareness. Asia-Pacific is predicted to develop at a robust pace over the projection period, owing to the region’s rapidly growing economy. Beauty supplements are becoming increasingly personalized. Thus, the growing use of e-commerce platforms to purchase customized beauty and health supplements is likely to fuel the online selling channel segment.
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Key Players in Beauty Ingestible Market
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