Skin Health Foods Market Market by Indication (Skin Conditions, Anti-Aging, Anti-Allergy), Region (North America, Europe, Asia Pacific, Rest of the World), Regulatory Landscape, Pricing Analysis - Global Forecast to 2026
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How much big is the global skin health foods market?
The global skin health foods market is estimated to be worth $1,929.5 million in 2021 and projected to reach $2,651.5 million by 2026, growing at a CAGR of 6.6% during this period. The global skin health foods market demonstrates significant growth potential.
The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The growth of this market is mainly driven by the high incidence of allergic diseases, the growth in health awareness among consumers, increasing R&D and production capacity for functional food and beverage products, and the increasing consumption of nutrient-enriched foods to improve overall health. Moreover, the development of different techniques to create high-value natural carotenoids, alternative sources to obtain omega-3, and growth in the retail sector of emerging countries are creating lucrative opportunities for the market players.
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Skin Health Foods Market Dynamics
Driver: Increasing R&D and manufacturing capacity for functional food and beverages
The rapidly growing demand for functional food ingredients such as prebiotics, probiotics, vitamins, minerals, phytochemicals, plant extracts, and omega-3 fatty acids is drawing the attention of global functional food ingredient manufacturers, who are making significant investments in the sector. Manufacturers are developing functional confectioneries such as gummies and toffees for children, nutrition bars, and functional drinks that attract fitness enthusiasts and consumers looking for quick nutrition.
Consumers are increasingly becoming aware of their digestive health, driving innovation in probiotic product offerings. Prebiotics and probiotics are the emerging functional food ingredient segments in which researchers are focusing on developing different applications and benefits. Researchers from the National University of Singapore have created probiotic-infused beer; this beer is considered good for gut health. Many such applications are expected to emerge as R&D investments increase, driving the market for functional food ingredients.
Restraint: Higher cost of functional food products due to the inclusion of healthier or naturally sourced ingredients
The development and commerce aspects of functional food ingredients are complex, expensive, and uncertain. Factors behind the success of product development are technological conditions, consumer demand, and legislative and regulatory background. Significant investment is required for the R&D of a strain that will be used to produce new functional ingredients such as probiotics. Probiotic strains and products are developed and produced in accordance with international food regulations. Also, highly sterile and technical equipment and processes are required for the manufacturing and extraction of various other functional ingredients. As a result of the high cost of production, the price of the final product is also high. Marketing and distribution further add to the product price. Although consumers are aware of the health benefits derived from these expensive functional food ingredients, their high prices restrict them from buying the product. The intensity of the factor further increases in developing countries that have a price-sensitive consumer base, especially in some Asian and African countries.
Opportunity: Development of different techniques to create high-value natural carotenoids
There is a growing demand for natural carotenoids in their pure form as compared to synthetic carotenoids, especially in the dietary supplement sector, due to their high effectiveness and quality. The current methods used for the natural means of production of carotenoids are limited and subject to contamination. These methods are costly, and thus, the prices of natural carotenoids such as beta-carotene and lycopene are almost three times higher than those of synthetic carotenoids.
The development of different techniques to increase the scope of natural carotenoid production and decrease the cost of these products is expected to offer several opportunities in the carotenoid market. A large number of patents are being registered for new techniques to produce natural carotenoids with more precision and less expenditure.
Challenges: off-taste and flavour of functional ingredients
When botanical extracts and herbs are added to foods and beverages, they generally impart an off or bitter taste. Taste is a critical factor in the purchase decision, even when consumers are looking for healthy products. The challenge faced in masking the bitterness, off tastes, and undesirable flavours of some beneficial extracts and herbs is impeding market growth. Manufacturers use various approaches, such as the utilisation of taste and flavour modifiers, to tackle these challenges. Flavor addition for the reduction of bitterness and taste masking is one of the most significant trends in the functional food and beverage industry.
The indication of skin health foods market was led by Skin Conditions.
Skin conditions accounted for the largest share of the market. Several nutritional factors, such as small peptides, minerals, vitamins, macronutrients, and micronutrients, work together to maintain skin barrier functions that alter skin structure and directly affect skin appearance. The increasing awareness of consumers with respect to nutraceuticals and functional foods is expected to drive the market growth for the skin conditions segment during the forecast period.
During the forecast period, APAC is expected to have the highest growth rate in the skin health foods market.
The Asia-Pacific market is projected to grow at the highest CAGR during the forecast period. Increased R&D expenditure by a larger pool of patients with chronic skin hypersensitivity conditions, local and international companies in functional food products, and rising GDP in several APAC countries are driving market growth in the APAC region. The growing awareness about the health benefits of functional foods in these countries has increased the demand for skin health food products.
The market is dominated by a few globally established players, such as BASF SE (Germany), Archer Daniels Midland Company (US), DuPont (US), Cargill, Incorporated (US), and Danone SA (France).
Skin Health Foods Market Report Scope
|
Report Metric |
Details |
|
Market Revenue in 2021 |
$1,929.5 million |
|
Projected Revenue by 2026 |
$2,651.5 million |
|
Growth Rate |
poised to grow at a CAGR of 6.6% |
|
Market Driver |
Increasing R&D and manufacturing capacity for functional food and beverages |
|
Market Opportunity |
Development of different techniques to create high-value natural carotenoids |
The study categorizes the skin health foods market to forecast revenue and analyze trends in each of the following submarkets:
By Indication
- Skin Conditions
- Anti-Aging
- Anti-Allergy
By Region
- North America
- Europe
- Asia Pacific
- Rest of the World
Recent Developments
- In 2021, Grupo Arcor and Ingredion Incorporated (US) began a joint venture to broaden food & beverage ingredient offerings to customers in Argentina, Chile, and Uruguay.
- In 2021, Archer Daniels Midland Company (US) acquired Sojaprotein, a leading European provider of non-GMO soy ingredients, representing a significant expansion of ADM’s global alternative protein capabilities to meet the growing demand for plant-based foods and beverages.
- In 2021, IFF completely merged with DuPont’s Nutrition & Biosciences (“N&B”) (US) business. The combined company will operate under the name IFF.
- In 2021, Archer Daniels Midland Company (US) announced a new soy crushing facility in North Dakota to meet the increasing demand for renewable products. it would be the first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial and biofuel customers, including renewable diesel producers.
- In 2020, Chr. Hansen Holdings A/S (Denmark) acquired UAS Laboratories LLC, the Wisconsin-based B2B company specializing in clinically documented probiotics. This acquisition would further strengthen and expand Chr. Hansen’s global microbial platform and human health business.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global skin health foods market?
The global skin health foods market boasts a total revenue value of $2,651.5 million by 2026.
What is the estimated growth rate (CAGR) of the global skin health foods market?
The global skin health foods market has an estimated compound annual growth rate (CAGR) of 6.6% and a revenue size in the region of $1,929.5 million in 2021.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 16)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS OF THE STUDY
1.2.2 MARKET SEGMENTATION
FIGURE 1 DERMATOLOGY FUNCTIONAL FOODS MARKET SEGMENTATION
1.2.3 YEARS CONSIDERED FOR THE STUDY
1.3 CURRENCY
TABLE 1 EXCHANGE RATES UTILIZED FOR THE CONVERSION TO USD
1.4 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 19)
2.1 RESEARCH APPROACH
2.2 RESEARCH METHODOLOGY DESIGN
FIGURE 2 DERMATOLOGY FUNCTIONAL FOODS MARKET: RESEARCH DESIGN
2.2.1 SECONDARY RESEARCH
2.2.1.1 Key data from secondary sources
2.2.2 PRIMARY DATA
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.3 MARKET SIZE ESTIMATION: DERMATOLOGY FUNCTIONAL FOODS MARKET
FIGURE 4 SUPPLY-SIDE MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
2.4 DATA TRIANGULATION APPROACH
FIGURE 5 DATA TRIANGULATION METHODOLOGY
2.5 ASSUMPTIONS FOR THE STUDY
2.6 LIMITATIONS
2.6.1 METHODOLOGY-RELATED LIMITATIONS
2.6.2 SCOPE-RELATED LIMITATIONS
3 MARKET OVERVIEW (Page No. - 28)
3.1 INTRODUCTION
3.2 MARKET DYNAMICS
3.2.1 DRIVERS
3.2.1.1 Increasing consumption of nutrient-enriched foods to improve overall health
FIGURE 6 NUMBER OF COUNTRIES MANDATING FOOD FORTIFICATION, 2011–2019
3.2.1.2 High incidence of allergic diseases
3.2.1.3 Growth in health awareness among consumers
3.2.1.4 Increasing R&D and production capacity for functional food and beverage products
3.2.2 RESTRAINTS
3.2.2.1 Higher cost of functional food products due to the inclusion of healthier or naturally sourced ingredients
FIGURE 7 FREQUENCY OF FUNCTIONAL FOOD CONSUMPTION GLOBALLY, 2019
3.2.2.2 Increasing incidence of allergies and intolerance related to some functional ingredients
3.2.3 OPPORTUNITIES
3.2.3.1 Development of different techniques to create high-value natural carotenoids
FIGURE 8 CAROTENOIDS PROCESSING, BY TECHNOLOGY
3.2.3.2 Alternative sources to obtain omega-3
TABLE 2 UPCOMING ALTERNATIVE SOURCES FOR OMEGA-3 FATTY ACIDS
3.2.3.3 Growth in the retail sector of emerging countries
FIGURE 9 INDIA: RETAIL MARKET SIZE, 2021 (USD BILLION)
FIGURE 10 AUSTRALIA: RETAIL SALES OF FUNCTIONAL AND FORTIFIED FOOD PRODUCTS, 2018–2022 (USD MILLION)
FIGURE 11 INDIA: ONLINE RETAIL MARKET SIZE, 2021 (USD BILLION)
3.2.4 CHALLENGES
3.2.4.1 Complexities related to the integration and adulteration of functional food products
3.2.4.2 Off-taste and flavor of functional ingredients
3.3 REGULATORY LANDSCAPE
3.3.1 NORTH AMERICA
3.3.1.1 US
3.3.1.2 Canada
3.3.2 EUROPEAN UNION (EU)
3.3.3 ASIA PACIFIC
3.3.3.1 Japan
3.3.3.2 China
3.3.3.3 India
3.3.3.4 Australia & New Zealand
3.3.4 LATIN AMERICA
3.3.4.1 Brazil
3.3.4.2 Mexico
3.3.4.3 Argentina
3.3.5 MIDDLE EAST
3.4 SUPPLY CHAIN ANALYSIS: FUNCTIONAL FOODS MARKET
FIGURE 12 PRODUCT DEVELOPMENT AND MANUFACTURING PLAY A VITAL ROLE IN THE SUPPLY CHAIN FOR THE FUNCTIONAL FOODS MARKET
3.5 VALUE CHAIN ANALYSIS
FIGURE 13 FUNCTIONAL FOODS MARKET: VALUE CHAIN
3.5.1 SOURCING OF RAW MATERIALS
3.5.2 PRODUCTION & PROCESSING
3.5.3 DISTRIBUTION, MARKETING, AND SALES
3.6 PRICING ANALYSIS: FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE
FIGURE 14 PRICING TREND OF FUNCTIONAL FOOD INGREDIENTS, 2017–2020 (USD/KG)
3.7 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
FIGURE 15 REVENUE SHIFT FOR THE FUNCTIONAL FOODS MARKET
3.8 TRADE ANALYSIS
TABLE 3 KEY EXPORTING COUNTRIES WITH EXPORT VALUE OF VITAMINS & VITAMIN SUPPLEMENTS, 2019 (USD MILLION)
3.9 COVID-19 SPECIFIC TRENDS
3.9.1 COVID-19 BOOSTED THE DEMAND FOR HIGH-QUALITY AND PREMIUM PRODUCTS
3.9.2 COVID-19 IMPACT ON RAW MATERIAL AVAILABILITY AND SUPPLY CHAIN DISRUPTION
3.9.3 COVID-19 TO SHIFT THE DEMAND TOWARD PLANT-SOURCED INGREDIENTS
4 SKIN HEALTH/DERMATOLOGY FUNCTIONAL FOODS MARKET, BY AREA OF USE (Page No. - 49)
4.1 INTRODUCTION
TABLE 4 DERMATOLOGY FUNCTIONAL FOODS MARKET, BY AREA OF USE, 2019–2026 (USD MILLION)
4.1.1 SKIN CONDITIONS
TABLE 5 DEFICIENCY OF MACRONUTRIENTS AND MICRONUTRIENTS RELATED TO SKIN CONDITIONS
TABLE 6 DERMATOLOGY FUNCTIONAL FOODS MARKET FOR SKIN CONDITIONS, BY REGION, 2019–2026 (USD MILLION)
4.1.2 ANTI-AGING
TABLE 7 DERMATOLOGY FUNCTIONAL FOODS MARKET FOR ANTI-AGING USAGE, BY REGION, 2019–2026 (USD MILLION)
4.1.3 ANTI-ALLERGY
TABLE 8 DERMATOLOGY FUNCTIONAL FOODS MARKET FOR ANTI-ALLERGY USAGE, BY REGION, 2019–2026 (USD MILLION)
4.2 RELATED MARKETS
4.2.1 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE
TABLE 9 FUNCTIONAL FOOD INGREDIENTS MARKET, BY TYPE, 2019–2026 (USD MILLION)
4.2.2 FUNCTIONAL FOOD INGREDIENTS MARKET, BY SOURCE
TABLE 10 FUNCTIONAL FOOD INGREDIENTS MARKET, BY SOURCE, 2019–2026 (USD MILLION)
5 SKIN HEALTH/DERMATOLOGY FUNCTIONAL FOODS MARKET, BY REGION (Page No. - 55)
5.1 INTRODUCTION
TABLE 11 DERMATOLOGY FUNCTIONAL FOODS MARKET, BY REGION, 2019–2026 (USD MILLION)
5.2 NORTH AMERICA
TABLE 12 US: MACROINDICATORS
TABLE 13 CANADA: MACROINDICATORS
TABLE 14 NORTH AMERICA: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 15 NORTH AMERICA: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY AREA OF USE, 2019–2026 (USD MILLION)
5.3 EUROPE
TABLE 16 UK: MACROINDICATORS
TABLE 17 GERMANY: MACROINDICATORS
TABLE 18 EUROPE: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 19 EUROPE: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY AREA OF USE, 2019–2026 (USD MILLION)
5.4 ASIA PACIFIC
TABLE 20 CHINA: MACROINDICATORS
TABLE 21 JAPAN: MACROINDICATORS
TABLE 22 INDIA: MACROINDICATORS
TABLE 23 ASIA PACIFIC: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 24 ASIA PACIFIC: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY AREA OF USE, 2019–2026 (USD MILLION)
5.5 REST OF THE WORLD
FIGURE 16 ROW: RISING PER CAPITA FOOD EXPENDITURE, BY KEY COUNTRY, 2012–2018 (USD)
TABLE 25 BRAZIL: MACROINDICATORS
TABLE 26 SAUDI ARABIA: MACROINDICATORS
TABLE 27 EGYPT: MACROINDICATORS
TABLE 28 REST OF THE WORLD: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY REGION, 2019–2026 (USD MILLION)
TABLE 29 REST OF THE WORLD: DERMATOLOGY FUNCTIONAL FOODS MARKET, BY AREA OF USE, 2019–2026 (USD MILLION)
6 COMPETITIVE LANDSCAPE (Page No. - 65)
6.1 OVERVIEW
6.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
TABLE 30 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN THE DERMATOLOGY FUNCTIONAL FOODS MARKET
6.3 MARKET RANKING ANALYSIS
FIGURE 17 DERMATOLOGY FUNCTIONAL FOODS MARKET RANKING, BY KEY PLAYER, 2020
6.4 COMPETITIVE SCENARIO
6.4.1 PRODUCT LAUNCHES
6.4.2 DEALS
6.4.3 OTHER DEVELOPMENTS
7 COMPANY PROFILES (Page No. - 71)
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
7.1 BASF SE
TABLE 34 BASF SE: BUSINESS OVERVIEW
FIGURE 18 BASF SE: COMPANY SNAPSHOT
7.2 ARCHER DANIELS MIDLAND COMPANY
TABLE 35 ARCHER DANIELS MIDLAND COMPANY: BUSINESS OVERVIEW
FIGURE 19 ARCHER DANIELS MIDLAND COMPANY: COMPANY SNAPSHOT
7.3 DUPONT
TABLE 36 DUPONT: BUSINESS OVERVIEW
FIGURE 20 DUPONT: COMPANY SNAPSHOT
7.4 CARGILL, INCORPORATED
TABLE 37 CARGILL, INCORPORATED: BUSINESS OVERVIEW
FIGURE 21 CARGILL, INCORPORATED: COMPANY SNAPSHOT
7.5 DANONE SA
TABLE 38 DANONE SA: BUSINESS OVERVIEW
FIGURE 22 DANONE SA: COMPANY SNAPSHOT
7.6 ARLA FOODS
TABLE 39 ARLA FOODS: BUSINESS OVERVIEW
FIGURE 23 ARLA FOODS: COMPANY SNAPSHOT
7.7 NESTLE SA
TABLE 40 NESTLE SA: BUSINESS OVERVIEW
FIGURE 24 NESTLE SA: COMPANY SNAPSHOT
7.8 KONINKLIJKE DSM N.V.
TABLE 41 KONINKLIJKE DSM N.V.: BUSINESS OVERVIEW
FIGURE 25 KONINKLIJKE DSM N.V.: COMPANY SNAPSHOT
7.9 GLANBIA PLC
TABLE 42 GLANBIA PLC: BUSINESS OVERVIEW
FIGURE 26 GLANBIA PLC: COMPANY SNAPSHOT
7.10 HERBALIFE NUTRITION LTD.
TABLE 43 HERBALIFE NUTRITION LTD.: BUSINESS OVERVIEW
FIGURE 27 HERBALIFE NUTRITION LTD.: COMPANY SNAPSHOT
7.11 AMWAY
TABLE 44 AMWAY: BUSINESS OVERVIEW
7.12 CHR. HANSEN HOLDING A/S
TABLE 45 CHR. HANSEN HOLDING A/S: BUSINESS OVERVIEW
FIGURE 28 CHR. HANSEN HOLDING A/S: COMPANY SNAPSHOT
7.13 GENERAL MILLS
TABLE 46 GENERAL MILLS: BUSINESS OVERVIEW
FIGURE 29 GENERAL MILLS: COMPANY SNAPSHOT
7.14 INGREDION INCORPORATED
TABLE 47 INGREDION INCORPORATED: BUSINESS OVERVIEW
FIGURE 30 INGREDION INCORPORATED: COMPANY SNAPSHOT
7.15 KEMIN INDUSTRIES, INC.
TABLE 48 KEMIN INDUSTRIES, INC.: BUSINESS OVERVIEW
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Secondary Research
This research study involved the use of comprehensive secondary sources; directories and databases such as D&B, Bloomberg Business, and Factiva; and white papers, annual reports, and company house documents. Secondary research was used to identify and collect information for this extensive, technical, market-oriented, and commercial study of the skin health foods market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, technology perspectives, and key developments related to the market. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the ear health market. The primary sources from the demand side include otolaryngologists, research professionals, academic leaders.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The market size estimates and forecasts provided in this study are derived through a mix of the bottom-up approach (segmental analysis of major segments) and top-down approach (assessment of utilization/adoption/penetration trends, by indication and region).
Data Triangulation
After arriving at the market size, the total skin health foods market was divided into segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments & subsegments, data triangulation, and market breakdown procedures were employed, wherever applicable.
Objectives of the Study
- To define, describe, segment, and forecast the skin health foods market by incidence and region
- To provide detailed information about the factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall skin health foods market
- To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
- To estimate the market size and growth potential of the market segments with respect to four key regions—North America, Europe, the Asia Pacific, and the Rest of the World
- To profile the key players operating in the skin health foods market and comprehensively analyze their revenue shares and core competencies
- To track and analyze competitive developments, such as product launches & approvals, expansions, agreements, collaborations, and acquisitions in the skin health foods market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Geographic Analysis
- Further breakdown of the North American Skin Health Foods Market into US and Canada.
- Further breakdown of the Rest of Asia Pacific Skin Health Foods Market into China, India, Japan, and others
- Further breakdown of the Rest of European Skin Health Foods Market into Germany, UK, France, and others
Growth opportunities and latent adjacency in Skin Health Foods Market