According to the latest report published by Variant Market Research, the global nutricosmetics market is estimated to reach $12.6 Billion by 2024, from $4.9 Billion in 2016, at a CAGR of 12.6% from 2016 to 2024.
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Rising health and beauty awareness to drive the global nutricosmetics market
The global nutricosmetics market is driven by factors such as rising health and beauty awareness, increasing geriatric population, need for minimal invasive beauty therapies, and growing investment on development of advanced products. Lack of awareness, and longer durations to show results may hamper the market growth. Furthermore, growing promotion strategies in untapped markets and advanced products would provide an opportunity for market players of nutricosmetics market.
The global nutricosmetics market is classified into type and geography. Type segment includes liquid (skin care, hair care, and other liquids), and pills (skin care, hair care, and other pills). North America (U.S., Mexico, and Canada), Europe (France, Germany, UK, Italy, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in the global nutricosmetics market.
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Liquid, by type, is estimated to dominated the global market in 2016
Liquid held for the highest market share and fastest CAGR in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to the fact that liquid resonate well with the busy lifestyles of the consumers.
RoWis estimated to witness fastest CAGR from 2016 to 2024
RoW is anticipated to attain fastest CAGR.The growth is attributed to rising acceptance of nutricosmetics among younger generation, extensive use of cosmetics, and increasing disposable income.
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The key market players of the market are Ferrosan A/S, L’Oreal SA, Nutrilo GmbH, Husumer Mineralbrunnen GmbH & Co. KG, Cargill Incorporated, E.I. Du Pont Nemours and Company, GlaxoSmithKline Pharmaceuticals Limited, C.C. Natural Products Tech Limited, Martek Biosciences Corporation, and LycoRed Limited, among others.
Scope of Nutricosmetics Market
- Skin Care
- Hair Care
- Other Liquids
- Skin Care
- Hair Care
- Other Pills
- North America
- Asia Pacific
- South Korea
- South America
- Middle East
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