An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Nutracosmetic Market” has been showcased on Report Ocean.
The “Global Nutracosmetic Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Nutracosmetic Market.
Global Nutracosmetic Market is valued at approximately USD 3.6 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.7% over the forecast period 2022-2029.
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Nutracosmetic refers to specialized products that are formulated to promote health and beauty. Nutracosmetics are prepared with the application of nutraceutical ingredients. Nutracosmetics are rich in Micronutrients such as omega 3 fatty acids, carotenes and so on. that reduce the effects of free radicals in the skin. These products are available in tablets and intended for oral consumption. The increasing demand for beauty and health supplements worldwide and growing issues pertaining to the skin as well as strategic initiatives from leading market players are key factors accelerating the market growth.
According to Statista – In 2021, the global dietary supplements market was estimated at USD 137 billion, and the market is projected to grow to USD 185.1 billion by 2025, witnessing a compounded annual growth rate of 7.81%. Also, growing healthcare spending in developing regions and increasing penetration of online sales channels would create lucrative growth prospects for the market over the forecast period. However, lack of awareness regarding the benefit of nutricosmetic stifles the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Nutracosmetic Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of market share owing to the growing consumption of dietary supplements & presence of leading market players in the region. Whereas the Asia Pacific is expected to grow with the highest CAGRduring the forecast period, owing to factors such as rising penetration of e-commerce platforms as well as growing healthcare spending in the region.
Major market players included in this report are:
- BASF SE
- Amway
- GlaxoSmithKline PLC
- Herbalife nutrition ltd
- GNC Holdings LLC
- Shiseido Company, Limited
- Pfizer Inc.
- Kora Organics
- Suntory Holdings Limited
- Blackmores Limited
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Recent Developments in the Market:
In June 2020, Amway launched TRUVIVITY OxiBeauty Nutricosmetic Food Supplement. This new supplement contains copper as well as the PhytoVibrant complex of Aronia berry and sage. It protects cells from oxidative stress and supports normal skin pigmentation.
In March 2021, Ingredients supplier Nexira launched a new line of natural ingredients and botanical extracts for the nutricosmetics industry, under the NutriBeauty Range. This new ingredient promotes the luminosity of the skin and anti-ageing effects such as skin firmness and elasticity as well as cellular regeneration.
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Ingredient, Application, Demographic, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below:
By Ingredient
Carotenoids
Probiotics
Vitamins
Others
By Application
Skin Care
Hair Care
Nail Care
By Demographic
Male
Female
By Distribution Channel
Hypermarket and Supermarket
Specialty Stores
Pharmacies and Drug Stores
Online Sales Channel
Others
By Region:
North America: U.S., Canada
Europe: UK, Germany, France, Spain, Italy, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Nutracosmetic market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Nutracosmetic market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Nutracosmetic market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Nutracosmetic market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Nutracosmetic market. It encapsulates indispensable insights extracted from the Nutracosmetic Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Nutracosmetic market, including:
- What can be expected for the Nutracosmetic market in the next decade?
- What are the primary drivers of growth in the global Nutracosmetic market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Nutracosmetic market vary based on the size of the end market?
- What is the breakdown of Nutracosmetic by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Nutracosmetic market?
Our most recent research report showcases the thriving expansion of the global Nutracosmetic Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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