Navigating biotic landscape of Sleep and Skin health
Nov. 05, 2024
Recent Trends in the Biotics Market
A Deep Dive into Sleep & Skin Health
Skin and sleep health is promising health and wellness area with continuously growing needs from consumers around the world. So what is happening in markets other than the biotics market?
Figure 4. Survey on [Skin Health_Treatment Approach] Trends in Responses Regarding [Take Supplements]
The skin is an organ just like the heart, liver, and brain, and it has the biggest surface area of any organ in the human body. Due to its exposure to the external environment, consumers make great efforts to protect their skin health. According to a survey conducted by Euromonitor, consumers are consuming supplements to manage skin health, and the number of consumers choosing this method is growing each year.4) (Figure 4)
This is evidence of the needs of consumers who want to continuously care for their skin. In fact, the global beauty supplement market, which includes skin, hair, and nail health, reached USD 6.026 billion in 2023,5) and skin care supplements alone are worth USD 3.55 billion and have a 6Y CAGR (2024-2030) of 8%, which indicates that it is a promising market.6)
The US Centers for Disease Control (CDC) has declared the sleep deprivation of modern-day people to be a public pandemic.7) Four out of ten adult Americans fail to get enough sleep, and the rate is higher among adolescents and children.8) (Figure 5)
Ongoing Demand for Solutions to Skin and Sleep Issues
References
1) Innova Platform, New Probiotics Product Launches by Positioing and 3Y CAGR from 2020 to 2023
2) Mahmud MR, Akter S, Tamanna SK, Mazumder L, Esti IZ, Banerjee S, Akter S, Hasan MR, Acharjee M, Hossain MS, Pirttilä AM. Impact of gut microbiome on skin health: gut-skin axis observed through the lenses of therapeutics and skin diseases. Gut Microbes. 2022 Jan-Dec;14(1):2096995. doi: 10.1080/19490976.2022.2096995. PMID: 35866234; PMCID: PMC9311318.
3) Wang Z, Wang Z, Lu T, Chen W, Yan W, Yuan K, Shi L, Liu X, Zhou X, Shi J, Vitiello MV, Han Y, Lu L. The microbiota-gut-brain axis in sleep disorders. Sleep Med Rev. 2022 Oct;65:101691. doi: 10.1016/j.smrv.2022.101691. Epub 2022 Aug 31. PMID: 36099873.
4) Euromonitor, survey on ‘Skin health/treatment approach’
5) Euromonitor, Market Size of Global ‘Beauty Supplements’ in 2023
6) Grand view search, ‘skin care supplements market size and cagr’
7) CDC, ‘Sleep deprivation, sleep disorders and chronic disease’, 2023.08
8) CDC, FastStats: Sleep in Adults/Children/High school student
9) Euromonitor, Market Size and CAGR of Global ‘Sleep Aids’ from 2023 to 2028
10) Euromonitor, survey on ‘Sleeping problems/Treatment approach’
11) Google Trend, search on ‘Melatonin-free’ in US
12) Euromonitor, Sleep Aid – Trends in Annual Market Share for Herbal/Traditional vs Standard from 2018 to 2023
13) Euromonitor, survey on ‘Attitudes toward treatment/New treatment solution’