Nutricosmetics Market is set to garner staggering revenues by 2024 - 2031 | Ferrosan A/S, Functionalab Inc, Laboratoire Oenobiol S.A.S.

Market Overview:

The global nutricosmetics market size was valued at US$ 9.9 Billion (revenue) in 2022 and is expected to expand at a CAGR of 11.76% and expected to reach at 24.1 Billion in terms of revenue during 2023- 2030.

Market Dynamics:

The global nutricosmetics market is expected to witness significant growth over the forecast period, owing to increasing health and wellness consciousness among consumers. Supplements for anti-aging, skin hydration and pigmentation control are gaining popularity. Advancements in nutritional science and discovery of nutrients and Botanical ingredients that benefit skincare are also fueling market growth. Furthermore, growing demand for botanical based nutricosmetics due to consumer preference for natural products without harsh chemicals is expected to open new avenues for market players during the forecast period.

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High production costs is a major restrain for nutricosmetics market

One key challenge faced by nutricosmetics industry is the high production costs involved compared to regular cosmetic products. Nutritional ingredients used in nutricosmetics like vitamins, antioxidants, peptides, prebiotics etc. are often more expensive to procure, process and formulate compared to conventional cosmetic raw materials. This pushes up the overall production cost. Moreover, nutricosmetics formulations require complex scientific research and clinical studies to validate the ingredient efficacy and health benefit claims which adds to significant R&D expenses. The additional cost burden is passed on to consumers making nutricosmetics more expensive than regular cosmetic brands. This price difference acts as a major barrier, restricting mass market adoption. Many consumers perceive the products to be a luxury purchase given the higher prices which restrains market growth potential. Overcoming this price challenge without compromising on quality remains an uphill task.

Nutricosmetics offer an attractive opportunity in the male grooming segment

The growing male grooming industry provides promising opportunities for nutricosmetics brands. While the skincare market has traditionally been dominated by women, men are now taking greater interest in personal care. Specialized nutricosmetic products targeted towards common male skincare concerns like signs of aging, razor burns, acne-prone skin can gain popularity. Ingredients like phytonutrients, green tea, seaweed extracts, peptides known to improve skin health are well-suited. Greater awareness about natural solutions is driving male consumers towards nutricosmetics. Products with clean, toxin-free position aid marketing appeal. Opportunity lies in innovative formulation and packaging of nutrient-dense grooming essentials like face washes, serums, shave creams etc. specifically designed for male skin health. Backed by relevant skincare education and promotion on male-focused platforms, nutricosmetics brands stand to enter a relatively untapped segment.

Growing popularity of customized nutricosmetic products is a key market trend

A major trend observed in the nutricosmetics industry is the rising demand for customized and personalized products. With more options available, consumers want solutions tailored to their unique skincare needs and goals. Brands are launching customization platforms and tools that allow people to pick and choose from a range of natural active ingredients, concentration levels and delivery forms based on their individual skin concerns, lifestyle and budget. Products are tailored through consideration of factors like skin type, aging

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Top Companies Featured in This Report:

★ Ferrosan A/S
★ Functionalab Inc
★ Laboratoire Oenobiol S.A.S.,Laboratoires Inneov SNC
★ BASF SE
★ ISOCELL SA
★ GlaxoSmithKline Pharmaceuticals Limited
★ ExcelVite
★ Shiseido Co.Ltd
★ Denomega Nutritional Oils AS.

Market Segmentation:

By Product Type:

★ By Product Type: Vitamins, Carotenoids, mega-3 Fatty Acids, Others
★ By Form: Liquid, Solid

By Applications:

★ By Application: Skin Care, Hair Care, Oral Care, Sun Protection, Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Key Inquiries Addressed in this Report include:

📈 What was the size of the Nutricosmetics Market in 2024, and what is the projected value by 2031?

📈 What is the present global market landscape for the Nutricosmetics Market?

📈 What strategies offer optimal opportunities for growth maximization in the business?

📈 What recent trends are shaping the Nutricosmetics Market?

📈 How does the market share of Nutricosmetics Market revenue, sales, and size vary across specific geographical regions?

📈 Who are the prominent industry players in the Nutricosmetics Market?

📈 Which segment of the Nutricosmetics Market is experiencing heightened demand?

The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.

In summary, whether you're engaged in manufacturing, distribution, or investment within the Nutricosmetics sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.

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Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)

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