Press release
Nutricosmetics Market to Discern Magnified Growth During 2024 - 2031 | Ferrosan A/S, Functionalab Inc, Laboratoire Oenobiol S.A.S.
Nutricosmetics Market
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 growth of the global nutricosmetics market is attributed to the rising demand for natural beauty products among consumers due to the growing awareness regarding the benefits of antioxidant-rich foods and supplements in skincare. Consumers are increasingly adopting nutricosmetics to get natural and younger-looking skin without using topical treatments or cosmetic procedures. Furthermore, nutricosmetics help overcome vitamin and mineral deficiencies that negatively impact the skin. Manufacturers are conducting extensive R&D to develop supplements that target specific skin issues like pigmentation, wrinkles, and acne.
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Rise in Awareness About Benefits of Nutrients in Skin Care Products is Driving Increased Demand
The Nutricosmetics market is witnessing strong growth on the back of rising awareness among consumers about the benefits of consuming nutrients that are also good for skin. Consumers are increasingly preferring skin care products with active nutrient ingredients that not only provide nourishing effects externally but also yield internal benefits when absorbed into the bloodstream. The likes of vitamins, minerals, proteins, omega fatty acids, phytonutrients and probiotics are being blended into a wide variety of cosmetic formulations from serums and creams to supplements and beverages. Products containing antioxidant-rich ingredients help fight the visible signs of skin aging caused by environmental stressors and are hence very popular. Moreover, easy availability of an exhaustive range of nutricosmetic items online as well as in stores is boosting their uptake.
Growing Wellness Industry Provides Lucrative Opportunities for Nutricosmetics Market
The wellness industry encompassing domains of beauty, fitness, nutrition, spa, yoga and lifestyle has been one of the fastest growing worldwide. As consumers pay more attention to their holistic health and well-being, they seek multi-benefit products that look after outer as well as inner beauty. Nutricosmetics perfectly latch onto this mega wellness trend, offering customers the best of both beauty and nutrition. Established players as well as start-ups can leverage the tremendous opportunities within the wellness sector by launching specialized nutricosmetic ranges catering to relevant wellness niches. From supplements for mindfulness toprobiotic infused cosmeceuticals for relaxation - there are immense possibilities to innovate based on wellness needs and drive the market forward.
Increasing Personalization is a Key Trend in Nutricosmetics Market
A major trend observed in the nutricosmetics industry is the shift towards hyper-personalization. Earlier, products used to be broadly targeted but now formulations are tailor-made to suit individual requirements, skin types and wellness goals. With growing digitization and tech-enablement of the sector, consumers can take online skin/body profiling quizzes and get custom nutrient/botanical blends suggested. Some brands also enable customers to modify existing products by adding or removing specific ingredient blends. This level of customization was not possible earlier. The growth of personalized nutricosmetics targeting customized inner and outer beauty is revolutionizing the entire market. As science progresses further, we will see a rise in precision nutrition-based nutricosmetics made with individual genotypes and phenotypes in mind.
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Top Companies Included 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 are 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)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Nutricosmetics Market by Players
Chapter 4: Market Size of the Nutricosmetics Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Nutricosmetics Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Nutricosmetics industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
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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