The global nutricosmetics market will rise at a CAGR of 11.50% from 2014 to 2020, says a recent market study released by Transparency Market Research. If the figure holds true, the global nutricosmetics market, with a valuation of US$3.3 bn in 2013, will reach a valuation of US$7.1 bn by the end of 2020. The title of this report is, “Nutricosmetics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020”.
Nutricosmetics are orally consumed health products that have evolved from nutraceuticals and cosmeceuticals. Composed of natural ingredients, these products include targeted antioxidants and nutrients for the treatment of skin, hair, and nail disorders. The natural composition of these products has benefitted the nutricosmetics market to a high degree, says the report. Nutricosmetics are available as tablets, jellies, drinks, capsules, and pills. Across the world, increasing health awareness and greater purchasing power, especially in developing countries, will boost the global nutricosmetics market over the forecast period.
By product, liquid and pill are the segments of the global nutricosmetics market. Skin care, hair care, and others are the segments of this market based on applications. In 2013, the liquid nutricosmetics segment was ahead of the other segments and accounted for a share of 55.75% in the global market. On the other hand, the pill nutricosmetics segment held a share of 44.25% in the global market for nutricosmetics. Among all, skin care accounts for the largest market share in the global market and is expected to retain its position in the coming years.
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The report divides the global market for nutricosmetics into the regional segments of North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific stands as the largest regional market for nutricosmetics, with the region accounting for a share of 50.20% in the global market in 2013. The region will retain its lead position until the end of the forecast period.
Europe is the second-largest market for nutricosmetics; the region held a 38.30% share in the global nutricosmetics market in 2013. The presence of a large geriatric population and increased utilization of natural ingredients for therapeutics in the developed countries of Western Europe are credited for this market’s leading position. The Rest of the World holds immense potential for the development of the nutricosmetics market. In countries such as South Africa, Brazil, UAE, Taiwan, and others, considerable population migration from other parts of the world has introduced newer healthcare products to native inhabitants, which include nutricosmetics as well.
The report mentions the top companies that operate in the global nutricosmetics market. Frutarom Ltd., Pfizer Inc., Sanofi-Aventis U.S. LLC, Lucas Meer Cosmetics S.A.S., and Croda International Plc are the companies that have a significant presence in the global nutricosmetics market.