Nutricosmetics Market - Global Industry Analysis, Size, Share, Trends, Forecast 2020

Nutricosmetics are nutritional supplement which aim to bear the function and the formation of the skin. In addition, Nutricosmetics are natural health products that are oral based and have evolved from nutraceutical and cosmeceutical. It contains targeted nutrients and antioxidant mixed elixirs which have a treatment or preventive effect on the hair, skin or nails. Some of the micronutrients that act as nutricosmetic products includes vitamin C, omega 3 fatty acids, carotenes, flavonoids, biotin, and amino acid complexes among others.

The global nutricosmetics market will rise at a CAGR of 11.50% from 2014 to 2020, says a recent market study released by Transparency Market Research. If the figure holds true, the global nutricosmetics market, with a valuation of US$3.3 bn in 2013, will reach a valuation of US$7.1 bn by the end of 2020. The title of this report is, “Nutricosmetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”.

Get a Sample PDF for Professional & Technical insights at http://bit.ly/2kKzDNh

Based on product types, the Nutricosmetics Market is categorized into liquid and pill, which is further subdivided into skin care, hair care among others including nail care for both the categories. Increasing popularity of nutricosmetics among aging population which forms a large consumer base is acting as a positive factor for the growth of the market. Due to oxygen deficiency, the skin loses its defense mechanism as a result of lack of oxygen associated with aging. In this regards, nutricosmetics act as a solution to skin aging.. Owing to this factor, the aging population is shifting from synthetic products to natural products, to avoid consumption of chemicals that are injurious to health. Growing consumer awareness for natural products and increasing demand for anti aging product are the major factors driving the demand for nutricosmetic products. People are becoming more concerned about healthier lifestyle and are looking for products beyond lotions and sprays. Natural ingredients such as fruit extracts, green tea, and coenzyme Q10 are commonly used in nutricosmetics products. Scientifically it is proved that ingredients of nutricosmetics products such as bark, root and stem among others have shown positive effects in the beautification of skin, hair among others. The Nutricosmetics market has experienced diversified trends across different region such as North America, Europe, Asia Pacific and RoW.

However, one of the major restraining factors inhibiting growth of the nutricosmetics market is lack of awareness among consumers regarding the different types of products available in the market. Since the concept of nutricosmetics is still new to consumers, vendors fail to gain credibility for their products, and are unable to design strong strategies to generate awareness. Moreover, nutricosmetic products takes a longer time to show results which is lowering the number of repeat customers. Consumers especially look for products that provide them instant gratification and effective results.

There are immense opportunities present in the nutricosmetics market as a result of the market still being potentially untapped. Demand for nutricosmetics products is increasing in Asia Pacific, with Japan witnessing rapid progress in terms of product awareness and China expected to register a healthy growth during the forecast period as people are shifting more towards natural products.. Countries such as Taiwan, South Korea, India and Brazil are untapped markets, and they are expected to create significant growth opportunities for distributors and manufacturers of nutricosmetics products during the forecast period. Moreover, leading players of the nutricosmetics market are constantly engaged in product innovation as the market provides them immense scope to develop new products to fight aging problems.

Among the different regions including North America, Europe, Asia Pacific and RoW, Asia Pacific held the largest market share of more than 50% in 2013 in terms of revenue, followed by Europe. In 2013 Europe held a market share of more than in terms of revenue. This trend is expected to be the same over the forecast period. It is estimated that Asia Pacific would be the largest market for nutricosmetics in 2020, followed by Europe.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.