Nutricosmetics Market to be Worth $12.20 billion by 2030- by Meticulous Research®

2023According to a new market research report titled, 'Nutricosmetics Market by Product Type (Skin Care, Hair Care, Nail Care), Form (Powder, Liquid, Tablets, Capsules & Softgels), Distribution Channel (Supermarkets & Hypermarkets, Pharmacies & Drug Stores, Specialty Stores, E-commerce)-Global Forecast to 2030,' the nutricosmetics market is expected to reach $12.20 billion by 2030, at a CAGR of 7.9% from 2023 to 2030.

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The growth of this market is driven by the growing awareness about nutritional deficiencies, the increasing preference of consumers toward natural alternatives to health and beauty products, changing lifestyles, and the growing elderly population. Additionally, the shift towards preventive health management practices and growing innovations & new product developments offer significant growth opportunities for nutricosmetics manufacturers. However, low awareness among consumers about the benefits of nutricosmetics and stringent regulations restrain the market's growth.

The key players profiled in the nutricosmetics market are Amway Corporation (U.S.), Shiseido Company, Limited (Japan), Koninklijke DSM N.V. (Netherlands), Nestlé S.A. (Switzerland), Suntory Beverage & Food Ltd. (Japan), LycoRed Ltd. (Israel), Lonza Group Ltd. (Switzerland), BASF SE (Germany), Herbalife Nutrition Ltd. (U.S.), Beiersdorf AG (Germany), Otsuka Holdings Co. Ltd. (Japan), and Sappe Public Company Limited (Thailand).

Key Findings in the Nutricosmetics Market Study:
Based on product type, the nutricosmetics market is segmented into skin care, hair care, nail care, and other product types. In 2023, the skin care segment is expected to account for the largest share of the nutricosmetics market. The large market share of this segment is attributed to the growing elderly population; rising awareness about skin nourishment; and increasing skin issues, such as acne, wrinkles, and tanning. However, the hair care segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to increasing consumer spending on hair care products, product innovations, adoption of long hairs among men, and growing hair issues, such as dandruff, hair loss, and dry & dull hair.

Based on form, the nutricosmetics market is segmented into powder form, liquid form, tablets, capsules & softgels & soft chews, and other forms. In 2023, the powder form segment is expected to account for the largest share of the nutricosmetics market. The large market share of this segment is attributed to its multiple benefits, such as flexibility in dosing, ease of consumption, cost-effectiveness, wide taste & flavor options, faster absorption, and customization of dosage.

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Based on distribution channels, the nutricosmetics market is segmented into supermarkets & hypermarkets, pharmacies & drug stores, specialty stores, e-commerce, and other distribution channels. In 2023, the supermarkets & hypermarkets segment is expected to account for the largest share of the nutricosmetics market. However, the e-commerce segment is expected to register the highest CAGR during the forecast period due to the advantages of faster and more convenient accessibility, cost-effectiveness, and the increasing penetration of the internet and smartphones.

Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the nutricosmetics market. Asia-Pacific's major market share is attributed to increased penetration of improved medications, high consumption of dietary supplements, increased demands for functional food & beverages, and high awareness about nutricosmetics in Japan and China. However, the North America region is expected to register the highest CAGR during the forecast period due to increasing research & development, increasing incidences of skin diseases, increasing penetration of improved medications, and increasing expenditure on healthcare.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/nutricosmetics-market-5716

Scope of the report:
Nutricosmetics Market-by Product Type
• Skin Care
• Hair Care
• Nail Care
• Other Product Types

Nutricosmetics Market-by Form
• Powder Form
• Liquid Form
• Tablets
• Capsules & Softgels
• Soft Chews
• Other Forms

Nutricosmetics Market-by Distribution Channel
• Supermarkets & Hypermarkets
• Specialty Stores
• Pharmacies & Drug Stores
• E-commerce
• Other Distribution Channels

Nutricosmetics Market-by Geography
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Australia
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of Latin America
• Middle East & Africa

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This release was published on openPR.