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Nutricosmetics Products Market is Expected to Expand at a CAGR Value of 5% During Forecast Period 2021 to 2031
Nutricosmetics Products Market
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For instance, more than one-third of the people in the U.S are obese. Furthermore, obesity gives rise to complications such as diabetes and cardiovascular diseases. These factors are encouraging people to consume nutritional products for managing their weight.
Moreover, weight management nutricosmetics products are witnessing significant demand, especially in the German market. These mainly comprise flavoured water, yoghurt, and juices.
For instance, GELITA, a producer of gelatin, recently launched QYRA, comprising bioactive collagen peptides. Moreover, presence of companies focusing on innovative solutions coupled with demand for weight management nutricosmetics will bolster overall market growth over the coming years.
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As per a new report published by Fact.MR, the nutricosmetics market is anticipated to expand at a CAGR of around 5% over the next ten years.
Key Takeaways from Market Study
The skin care sector is anticipated to be a major driver of the nutricosmetics industry.
Among the primary functions, weight management has been the fastest-growing segment, owing to rise in a sedentary and unhealthy lifestyles.
The North American region is set to dominate sales revenue in 2021 and ahead.
Nutricosmetics sales in Asia Pacific are expected to rise significantly through 2031.
Due to the COVID-19 crisis, demand for nutricosmetics was hit in 2020, which saw a decline. But with increasing awareness of their health benefits, it is expected to gain traction again.
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The Nutricosmetics Products market report answers important questions which include:
• What does the status of the Nutricosmetics Products market look like after the forecast period?
• Which region has the highest contribution to the global Nutricosmetics Products market and why?
• Which players remain at the top of the global Nutricosmetics Products market?
• What opportunities are available for the Nutricosmetics Products market players to expand their production footprint?
• Which segment has the maximum impact on the global Nutricosmetics Products market?
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