Press release
Global Nutricosmetics Market Outlook 2031 Forecasts Reaching US$ 9.81 Billion by 2031, with a 7.7% CAGR Growth from 2022
Market Overview
Nutricosmetics, also known as beauty supplements or ingestible beauty products, are ingestible products containing vitamins, minerals, botanical extracts, and other bioactive compounds aimed at promoting skin, hair, and nail health, as well as overall beauty and wellness.
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Market Segmentation
The nutricosmetics market is segmented based on various factors:
Product Type: Including supplements (tablets, capsules, powders) and beauty beverages/drinks.
Primary Function: Encompassing skin care (sun care, anti-aging, radiance and glow, anti-acne/pimple), hair and nail care, and weight management.
Price: Ranging from low (up to $50), medium ($50-$100), to high (above $100).
Distribution Channel: Covering online channels (e-commerce websites, company websites) and offline channels (health and beauty stores, specialty stores, pharmacy stores).
Market Drivers and Challenges
Several factors are driving the growth of the nutricosmetics market:
Growing Consumer Awareness: Increasing awareness among consumers about the link between nutrition and beauty, as well as the desire for holistic approaches to skincare and wellness.
Rising Demand for Natural and Organic Products: Consumer preference for natural and organic ingredients in beauty products, coupled with concerns regarding the safety and efficacy of conventional cosmetics.
Innovations in Product Formulations: Continuous innovations in product formulations, incorporating scientifically-proven ingredients and advanced delivery systems for enhanced efficacy.
However, challenges such as regulatory complexities, concerns regarding product safety and efficacy, and market saturation in developed regions may impede market growth.
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Market Trends
Key trends shaping the nutricosmetics market include:
Personalization and Customization: Growing demand for personalized beauty solutions tailored to individual needs and preferences.
Collaborations and Partnerships: Increasing collaborations between beauty brands, nutraceutical companies, and wellness practitioners to develop innovative products and expand market reach.
Future Outlook
The future outlook for the nutricosmetics market remains promising, driven by factors such as increasing consumer awareness, advancements in product formulations, and growing adoption of holistic approaches to beauty and wellness. Strategic investments in research and development, product innovation, and market expansion will be crucial for market players to capitalize on emerging opportunities and sustain growth in the long term.
Competitive Landscape
Key players in the nutricosmetics market include Herbalife International Inc, FIT & GLOW HEALTH CARE PVT LTD, GLISODIN SKIN NUTRIENTS, BASF, Functionalab, Activ'Inside, Amway, Blackmores Limited, Beiersdorf AG, and REVIDERM AG. These companies are focusing on product innovation, strategic partnerships, and geographical expansion to strengthen their market presence and meet evolving consumer demands.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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