The global skin health foods market size is expected to reach USD 3.31 billion by 2030 according to a new study by Polaris Market Research. The report “Skin Health Foods Market Share, Size, Trends, Industry Analysis Report, By Indication (Anti-Aging, Skin Conditions, Anti-Allergy); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Global nutritious food component producers are paying close notice to the constantly expanding demand for nutritional food components, including probiotics, prebiotics, plant extracts, minerals, vitamins, phytochemicals, and omega-3 fatty acids, and are investing massive amounts in research & development, which in turn is anticipated to propel industry growth throughout the projected period.
One of the main drivers of the industry’s growth is the rising number of individuals altering their food patterns, implementing an excellent nutritional meal, and leading active lifestyles. Additionally, new methods for producing high organic carotenoids, other supplies for omega-3, and expansion of the retail industry in developing nations are all generating profitable prospects for industry participants.
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The high prevalence of allergy disorders, rising customer skincare consciousness, expanding R&D and manufacturing capabilities for nutritious food products, and growing intake of nutrient-rich food to promote wellbeing conditions are expected to increase the demand for these products.
Additionally, it is projected that key companies’ increasing investments in the R&D of novel goods would positively affect the sector’s expansion. For example, Amorepacific Group opened its new Green Tea Probiotics Research Centre in February 2022 to further research lactobacillus, which was recently found in a Jeju natural green tea plantation.
Skin Health Foods Market Report Highlights
- Shifting eating habits and rising consumer awareness regarding healthy foods are expected to create lucrative opportunities for developing the health foods industry over the projected period.
- The skin condition type segment dominated the global industry in 2021 and is anticipated to maintain its dominance throughout the forecast period due to increasing awareness regarding health. The barrier activities that change the skin texture and consequently impact aesthetics are maintained by several dietary elements, including tiny peptides, enzymes, minerals, microelements, and vitamins.
- Asia Pacific is anticipated to hold a significant share in the global health foods industry due to increasing investments in research & development coupled with the rising cases of allergic reactions due to toxic cosmetics products.
- Market participants include Archer, Amway, Daniels Midland Company, BASF SE, Cargill, Incorporated, Arla Foods, Kemin Industries, Inc., Chr. Hansen Holdings A/S, DuPont, General Mills, Danone SA, Glanbia PLC, Ingredion Incorporated, Herbalife Nutrition Ltd., Koninklijke DSM N.V., and Nestle SA are some of the key players operating in the market.
Polaris Market Research has segmented the skin health foods market report based on type and region:
Skin Health Foods, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Skin Conditions
Skin Health Foods, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa