Nutricosmetics Market is anticipated to reach USD 17.0 billion, at a CAGR of 10.1% during the forecast period 2021-2031 | SEPPIC, Reviderm AG, Nestle Health Science, KORA ORGANICS

New York, The global Nutricosmetics Market was valued at USD 6.5 billion in 2021 and it is anticipated to grow up to USD 17.0 billion by 2031, at a CAGR of 10.1% during the forecast period.

Nutricosmetics is a type of supplement that claims to improve the health and appearance of skin, hair, and nails. They are typically taken orally in the form of capsules, tablets, or powders, and sometimes topically as creams or serums. The most common ingredients in nutricosmetics are vitamins, minerals, antioxidants, and omega-3 fatty acids. Some products also contain botanical extracts, such as green tea or resveratrol.

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Market Trends and Drivers

The rising incidence of these disorders will result in the flourishing demand for nutricosmetics ingredients and products to help keep nails and skin healthy. Hair and skin problems continue to assert a profound impact, predominantly among women. As per the Australian Journal of General Practice, FPHL (female pattern hair loss) is considered a major cause of female alopecia, affecting nearly 49% of women at some point in their lives. Likewise, the beauty-from-within strategy is emerging as a trend among millennials, considering its benefits such as nourishment, repair, growth, and increased hair volume. Consumers are also growing more inclined toward high-quality nutritious or natural products for preventive action against diseases. The acceptance of preventive health management practices will provide lucrative growth opportunities for the nutricosmetics market.

Market Restraints and Challenges

Lower awareness regarding the benefit of nutricosmetics especially among the rural global population is expected to restrict market growth. There are challenges that might prevent this industry from continuing to thrive despite the positive light that the various scientific studies have released on nutricosmetics. Nutricosmetic products lack clear regulations for promotion and categorization at the point where the food and cosmetics markets converge. A lack of a clear regulation allowing businesses to promote and inform about the benefits of their product can cause the nutricosmetic market to stagnate, which is one of the major challenges facing the industry. This is because consumers often lack knowledge about the ingredients and their benefits.

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Global Nutricosmetics Market Segmentation

By Product Type

• Tablets and Capsules
• Powder and Liquid

Major Players in the Global Nutricosmetics Market

The key players in the market Nexira, Vitabiotics, Suntory Holdings Limited, SEPPIC, Reviderm AG, Nestle Health Science (Solgar), KORA ORGANICS, Herbalife Nutrition, GliSODin Skin Nutrients, GlaxoSmithKline PLC, Functionalab, Fit & Glow Healthcare Private Limited, Blackmores Limited, Beiersdorf, BASF, Amway, Activ'Inside, among others.

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