Press release
Nutricosmetics Market is Expected to Reach US$ 8.2 Billion by 2033
The global nutricosmetics market is set to increase from a valuation of US$ 5 billion in 2023 to US$ 8.2 billion by 2033-end, Expanding at a CAGR of 5%Demand for these products is mostly driven by claims of clean labels and aesthetic enhancement.
The global market for nutricosmetics is expanding as people become more conscious of skin issues, including wrinkles and anti-aging. The market is expected to grow and develop due to increased healthcare spending and the burden of infections and lifestyle diseases.Rising awareness regarding the harmful effects of synthetic cosmetic chemicals and health benefits associated with nutricosmetics are driving market growth across geographies.
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Key Takeaways:
• The Europe nutricosmetics market is anticipated to have a 40% share in the global market in 2022.
• Japan is expected to be the dominant nutricosmetics market in the Asia Pacific region during the forecast period.
• The U.S. is predicted to dominate the North America nutricosmetics market from 2023 - 2033.
• Skin care nutricosmetics are predicted to have a 50% market share by primary function segment.
• E-commerce is set to achieve a 40% share of the global nutricosmetics market during the forecast period by distribution channel.
Competitive Landscape:
Key nutricosmetic manufacturers are providing smaller-sized product versions in compact packs due to the growing working population and individuals' hectic lifestyles. Top producers of nutricosmetics are constantly releasing new product lines to meet the burgeoning demand, which is expected to significantly fuel market expansion.
For instance,
• In 2020, SDIN launched SunISDIN Softgel capsules, which are a combination of vitamins, antioxidants, and essential minerals. Additionally, these capsules help fight photoaging, impede oxidative stress, and in keeping the skin healthy.
• A series of mix-in powdered supplements were introduced by Viviscal that are specially prepared with biotin and marine collagen to improve the health of both men's and women's hair.
Key Companies Profiled by Fact.MR:
• Nutrikosm
• Shiseido Co. Ltd.
• Amway
• GNC Holdings Inc.
• KORA ORGANICS
• Fit & Glow Healthcare Private Limited
• Herbalife Nutrition Ltd.
• Blackmores Limited
• PurpleRock UTA Opco LLC
• GlaxoSmithKline PLC
• Suntory Holdings Limited
• Robinson Pharma Inc.
• Ashland Inc.
• Vitabiotics Company
Growth Drivers:
• Increasing public awareness of synthetic skincare products and their high potential of triggering adverse effects are set to propel growth.
• Ability of nutricosmetics to help combat the aging process, fight hair loss, and make the skin more radiant, moisturized, as well as supple would drive sales.
Key Segments of Nutricosmetics Industry Research:
• By Product :
• Supplements
• Beauty Beverages/Drinks
• By Ingredient :
• Carotenoids
• Vitamins
• Omega 3 Fatty Acids
• Others
• By Primary Function :
• Skin Care
• Hair and Nail Care
• Weight Management
• Multifunctional
• By Distribution Channel :
• Modern Trade
• Health and Beauty Stores
• Specialty Stores
• Pharmacy Stores
• e-Commerce
• By Region :
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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Key Questions Covered in the Nutricosmetics Market Report:
• What is the estimated value of the nutricosmetics market for 2033?
• At what CAGR is the market for nutricosmetics expected to progress?
• Which factors are mainly boosting nutricosmetics sales?
• Which region accounts for the largest share of the global nutricosmetics market?
• Who are the top vendors of nutricosmetics across the globe?
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