This is the second time the company has won in this category, and this year was also shortlisted for Best Management Team.
"Innovation is what fuels Nu Skin's success and drives our business by leveraging the company's investment in research and development and new technologies," said Truman Hunt, Nu Skin president and CEO.
The company says that innovation has been key to its strong performance in 2009, which, despite the economic downturn, saw it record record revenues.