The “Nutracosmetic Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Nutracosmetic Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global nutricosmetic market size was US$ 3.6 billion in 2021. The global nutricosmetic market size is forecast to reach US$ 7.01 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.7% during the forecast period from 2022 to 2030.
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Nutricosmetics are oral supplements that help maintain healthy skin, a crucial component of the body’s overall beauty. The main uses of nutritional cosmetics are to cure problems with the skin, hair, and nails. This supplement is additionally utilized to shield the body from UV rays. Among other things, vitamin C and E, beta carotene, polypodium leucotomies, and tea polyphenols are among the several ingredients that are employed as nutricosmetics.
Factors Influencing Market Growth
The growth of the aging population base and rising awareness regarding health and wellness drive the global market.
The increase in the adoption of products, such as nutricosmetic gummies, nutricosmetic tablets, nutricosmetic capsules, nutricosmetic powders, etc., boosts the global market growth.
The increasing consumer awareness of personal care and grooming and growing disposable income fuel the global market growth.
The rise in demand for herbal and natural skin nutricosmetics products is forecast to offer lucrative opportunities for the global market.
The lack of consumer awareness about the accessibility of nutricosmetics may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a significant effect on the global beauty industry. In addition, the industry saw major disturbances in the initial months, with global sales undergoing a recession in 2020. Implementing lockdowns and the social distance had an effect on both domestic and international production, which in turn hindered market expansion. However, the nutricosmetics industry is still strong because of the pandemic’s heightened focus on individual health and wellness.
Additionally, the beauty sector is gradually rebounding from the upheaval of 2020, which will offer chances for the development of the nutricosmetics market during the forecast years.
Regional Analysis
Europe had a substantial market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing demand for grooming and skin care products and increasing personal care products manufacturers in different countries, including the U.K, Germany, France, Russia, etc. In addition, the rising awareness towards mens grooming, growing disposable income, and developing retail industry. Thus, these factors drive the market growth in the region.
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The Asia Pacific region is forecast to have considerable growth during the forecast period. As a result of the growth of customer base and operating areas across various countries leading participants and a rise in awareness about natural and organic nutricosmetics products boost the regional market growth.
Leading Competitors
The leading prominent companies profiled in the global nutricosmetics market are:
BASF SE
Amway
GlaxoSmithKline PLC
Herbalife nutrition ltd
GNC Holdings, LLC
Shiseido Company
Pfizer
KORA ORGANICS
SUNTORY HOLDINGS LIMITED
Blackmores Limited
Other Prominent Players
Scope of the Report
The global nutricosmetics market segmentation focuses on Application, Demographic, Ingredient, Distribution Channel, and Region.
Segmentation based on Application
Skin Care
Hair Care
Nail Care
Segmentation based on Demographic
Male
Female
Segmentation based on Ingredient
Carotenoids
Probiotics
Vitamins
Others
Segmentation based on Distribution Channel
Hypermarket and Supermarket
Specialty Stores
Pharmacies and Drug Stores
Online Sales Channel
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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