Coherent Market Insights published a business research report on Nutricosmetics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Nutricosmetics Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Nutricosmetics are dietary supplements used orally to promote skin health and appearance. The growth in consumer awareness of personal grooming along with the hectic lifestyles of the expanding urban population are the main drivers of the nutricosmetics industry. Nutricosmetics are health products that are primarily used to cure hair, nail, and skin problems as well as to prevent photoaging and the effects of the sun. Photoaging is a kind of ageing that is mostly brought on by ultraviolet (UV) light exposure, which results in brown patches and severe wrinkles. Sun damage can be lessened with the use of antioxidants including vitamin E and C, green tea polyphenols, beta carotene, supplements containing polypodium leucotomos, an extract of a Central American fern plant, and synergistic antioxidants. Omega-3 fatty acids, carotenes, and flavonoids are additional micronutrients that offer protection from UV radiation exposure. The growth of retail outlets around the world, the popularity of nutricosmetics beverages that are ready to drink, consumer preference for safe and effective beauty products, which boosts the sales of cosmetics supplements, and rising consumer awareness of how to prevent premature skin ageing are some of the main factors driving the nutricosmetics market. The nutricosmetics market is anticipated to be driven by the rising demand for skin care products and the expansion of the global cosmetics industry, which are anticipated to rise at a CAGR of 5.2% in terms of revenue from 2017 to 2025. The size of the worldwide nutricosmetics market, which was estimated at US$ 5.16 billion (revenue) in 2016, is also predicted to grow at a CAGR of 4.98% over the forecast period.
The size of the worldwide nutricosmetics market was estimated at US$ 5.00 billion (revenue) in 2016 and is anticipated to grow at a CAGR of 11.65% between 2017 and 2025.
Success and Failures
In the nutricosmetics market, factors including quick innovation and technical developments are anticipated to gain momentum. For instance, the food packaging business Mars introduced Dove Beautiful and Dove Vitalize in the United States. These products contain biotin, zinc, and vitamins E and C. (containing dark chocolate enriched with vitamin B). These items failed to acquire customer demand in the U.S. market despite significant investment in their advertising. Market laws apply to nutricosmetics goods in Europe. For instance, the European Food Safety Authority (EFSA) authorised Nestle’s October 2010 release of Nesfluid, a functional beverage that also contains zinc, vitamins C and D, and selenium. The demographics of nutricosmetics’ target customers have expanded over time as more men are now included in their scope. A popular anti-hair loss product for men called Wellman Tricologic has drawn buyers from Europe.
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Regional Insights
In terms of revenue, Europe led the worldwide nutricosmetics market in 2016, followed by North America and Asia Pacific, and it is anticipated that this trend would continue throughout the projected period. In terms of revenue in 2016, North America had a share of 26.12%, followed by Asia Pacific (24.03%). Over the projected period, the worldwide nutricosmetics market is anticipated to increase as a result of rising consumer awareness, busy lifestyles, and the desire for personal grooming in Asia Pacific. From 2017 to 2025, the global market for nutricosmetics is projected to grow at a CAGR of 11.65% for the vitamins segment. Due to its quickly expanding economies, particularly in China and India, as well as increased healthcare awareness, Asia Pacific is anticipated to be the most profitable market throughout the projected period. This is predicted to influence consumers to use nutricosmetics in addition to their usual diet. From 2017 to 2025, the market for nutricosmetics is also anticipated to increase as a result of the expanding retail industry in the area. This growth is due to income growth, urbanisation, and attitudinal changes.
Multinational players
The major players that compete in the global nutricosmetics market include Frutels LLC, Frutarom Ltd, Borba, Inc., Lucas Meyer Cosmetics S.A.S., BASF SE, Sanofi-Aventis U.S. LLC, Beiersdorf Ag, Croda International Plc, Laboratoires Inneov SNC., Pfizer Inc., Laboratoire Oenobiol S.A.S., and Functionalab Inc. The two main market trends that are anticipated to have an immediate impact on the sector are the expansion of the product range and the regional market. For instance, ALPI Candy Factory has increased the size of its production facilities in Croatia and Greece for the production of naturopathic cosmetic items, including deo toffee, deo lavender with and without sugar, among others.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Nutricosmetics Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Nutricosmetics Industry Impact
Chapter 2 Global Nutricosmetics Competition by Types, Applications, and Top Regions and Countries
2.1 Global Nutricosmetics (Volume and Value) by Type
2.3 Global Nutricosmetics (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Nutricosmetics Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Nutricosmetics Market Analysis
Chapter 6 East Asia Nutricosmetics Market Analysis
Chapter 7 Europe Nutricosmetics Market Analysis
Chapter 8 South Asia Nutricosmetics Market Analysis
Chapter 9 Southeast Asia Nutricosmetics Market Analysis
Chapter 10 Middle East Nutricosmetics Market Analysis
Chapter 11 Africa Nutricosmetics Market Analysis
Chapter 12 Oceania Nutricosmetics Market Analysis
Chapter 13 South America Nutricosmetics Market Analysis
Chapter 14 Company Profiles and Key Figures in Nutricosmetics Business
Chapter 15 Global Nutricosmetics Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
Continued….
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