Global Nutricosmetics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Nutricosmetics market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global nutricosmetics market report has been segmented on the ingredient, form, application, and region.
Nutricosmetics Market Overview:
Nutricosmetics Market was valued at $3.4 billion in 2021 & is projected to reach $6.20 billion by 2028. It is expected to grow at a 7.8% CAGR between 2021 and 2028.
Nutricosmetics are defined as nutritional supplements which support the function and structure of the skin. This product is taken orally, either as pills or liquids.
Furthermore, it has an active ingredient, which offers a vital link between the health and cosmetic properties of nutritional ingredients. It enhances skin conditions and protects the skin from damage.
The major ingredients used in nutricosmetics include soy isoflavone proteins, lutein, lycopene, vitamins (A, B6, E), omega-3 fatty acids, beta-carotene probiotics, sterol esters; chondroitin and coenzyme Q10, etc.
Nutricosmetics Market Dynamics:
Rising consumer awareness of health and beauty, thereby boosting demand for nutricosmetics which in turn is expected to drive the growth of the global nutricosmetics market over the forecast period.
In addition, companies focusing on developing novel and innovative products and subsequent launch of the same is another factor expected to support the growth of the global nutricosmetics market over the forecast period.
Furthermore, a rapidly growing population, changing lifestyles, and increasing disposable income coupled with growing consumer awareness toward the prevention of premature skin aging are some among the other factors expected to boost the growth of the target market over the forecast period.
Nutricosmetics Market Segment Analysis:
Based on form, the global nutricosmetics market is segmented based on liquid and solid forms. The solid form is estimated to account for the highest revenue share and register a CAGR of XX.X% over the forecast period.
Nutricosmetics Market Regional Analysis:
Market in Europe accounted for a significant revenue share of the global nutricosmetics market in terms of revenue contribution as compared to that of markets in other regions, in 2017.
Increasing disposable income on beauty products, coupled with rising demand for beauty products are major factors expected to drive the growth of the target market in Europe over the forecast period.
North America accounts for the second-highest revenue share contribution to the global market, registering a revenue share of XX.X%, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.
In addition, the market in the Asia Pacific is projected to register the fastest growth in terms of revenue over the next 10 years.
Rapidly growing consumption of nutricosmetics products in countries like India, China, and Japan, coupled with increasing consumer awareness of beauty products are major factors expected to support the growth of the market in the region over the forecast period.
The Middle East & Africa market is expected to register a CAGR of XX.X% during the forecast period. The market in Latin America is expected to register moderate growth in the global nutricosmetics market over the forecast period.
Global Nutricosmetics Market Segmentation:
Segmentation on the basis of Ingredients:
- Omega 3 Fatty Acids
Segmentation on the basis of form:
Segmentation on the basis of application:
- Skin Care
- Hair Care
- Oral Care
- Sun Protection
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Ferrosan A/S
- Functionalab Inc.
- Laboratoire Oenobiol S.A.S.
- Laboratoires Inneov SNC
- BASF SE
- ISOCELL SA
- GlaxoSmithKline Pharmaceuticals Limited
- ExcelVite Sdn. Bhd.
- Denomega Nutritional Oils AS
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