Nutricosmetics Market Growth Outlook, In-depth Insights, Competitive Landscape And Key Players - Suntory Holdings Limited, KORA Organics, Herbalife Nutrition Ltd., Blackmores Limited, Beiersdorf AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Nutricosmetics Market Size, Growth Rate, And Forecast

The global nutricosmetics market size is expected to grow from $6.21 billion in 2022 to $6.84 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global nutricosmetics market size is expected to reach $9.62 billion in 2027 at a CAGR of 8.9%.

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Nutricosmetics Market Drivers

Rising consumer awareness regarding skin and hair problems is expected to propel the growth of the nutricosmetics market going forward. Skin problems refer to skin-related diseases and disorders that may result in rashes, inflammation, itching, or other changes to the skin. Hair problems refer to issues with the hair and scalp, including issues that cause itching and scaling, infections, and hair loss. People are getting more cautious about these issues and taking precautions to address them. Nutricosmetics are scientifically supported oral nutritional supplements intended to promote skin health and beauty. As a result, increased awareness of skin and hair concerns assists consumers in incorporating nutricosmetics into their daily routine. For instance, in January 2021, according to an article shared by Automat.ai, a Canada-based business service, software, and computer software company, in the US, sales of skincare products increased by 13% last year, while sales of makeup items increased by 1%. At that time, the growth of online beauty merchants was 24%, with skincare taking the lead. Therefore, rising consumer awareness regarding skin and hair problems is driving the growth of the nutricosmetics market.

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Nutricosmetics Market Segments

• By Type: Capsules, Tablets, Softgels, Drinks, Powders, Candies, Other Types

• By Ingredients: Carotenoids, Vitamins, Omega 3 Fatty Acids, Other Ingredients

• By Distribution Channel: Supermarkets And Hypermarkets, Online Pharmacies, Retail Pharmacies, Specialty Stores

• By End-Use: Skincare, Haircare, Nailcare, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the nutricosmetics market.

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Nutricosmetics Market Key Players
Major competitors in the nutricosmetics market are Suntory Holdings Limited, KORA Organics, Herbalife Nutrition Ltd., Blackmores Limited, Beiersdorf AG, Amway Corporation, Fit Glow Healthcare Private Limited, BASF SE, Vitabiotics, GliSODin Skin Nutrients, GlaxoSmithKline PLC, Functionalab, Activ'Inside, Grupo Cantabria Labs, and GNC Holdings Inc.

The Business Research Company's "Global Nutricosmetics Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Nutricosmetics Market Include:
1. Executive Summary
2. Nutricosmetics Market Characteristics
3. Nutricosmetics Market Trends And Strategies
4. Nutricosmetics Market - Macro Economic Scenario
5. Nutricosmetics Market Size And Growth
………………
27. Nutricosmetics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nutricosmetics Market
29. Nutricosmetics Market Future Outlook and Potential Analysis
30. Appendix

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