Global Nutricosmetics Market Size, Share, Statistics and Growth Outlook: Introduction By-Product and Form, Regional Analysis, and Forecast Till 2030.
The Global Nutricosmetics Market Size is expected to earn USD 15816.1 million during the forecast year 2030, at a CAGR of 8.9%, from the early figures of USD 7343 million in 2021.
The nutricosmetics market is primarily driven by customers' preference for high-quality goods to obtain healthy skin and toned muscles due to their growing knowledge of health and wellness. This increased awareness of health and wellness has prompted consumers to experiment with wellness alternatives to standard healthcare medications and therapies, establishing the groundwork for expanding the nutricosmetics market. Nutricosmetics are wellness products that enhance the efficacy of conventional cosmetics and are regarded as a perfect nutritional complement for a well-balanced diet and a generally healthy lifestyle. These nutricosmetics fit nicely into a daily beauty regimen, which produces noticeable effects such as silkier, shinier hair and healthier glowing skin.
Driving Factors for The Global Nutricosmetics Market –
The global nutricosmetics market is propelled forward by the high benefits of nutricosmetics and the expanding health and wellness trend.
Nutricosmetics enhance the effects of conventional cosmetics and are regarded as one of the few optimal diets for a healthy lifestyle as a whole. The micronutrients Vitamin C, Vitamin A, zinc, and biotin found in nutricosmetics are beneficial to skin health. In addition, the current trend and demand for nutricosmetics include more complex substances derived from natural sources, which respond to the public's desire for organic products. Recent developments, such as nutricosmetics, are characterized by abundant complex components derived from natural sources, such as collagen peptides, tomato and rosemary extracts, and resveratrol. Collagen is one of the principal structural components of skin, constituting roughly 80% of its dry weight. The human skin is influenced by endogenous and environmental variables, such as aging, UV radiation, and hormones, with nutrition being the most significant. Therefore, it is of the utmost importance to naturally meet the skin's nutritional requirements. However, the modern lifestyle does not allow the skin to receive the necessary nutrients from people's diets. Therefore, nutricosmetics, which nourish the skin with essential nutrients, are in high demand. In addition to this benefit, one of the most critical factors driving the global nutricosmetics market is the general population's rising health and wellness consciousness.
Restraints For The Global Nutricosmetics Market –
Stringent Government Regulations and product guidelines significantly restrain the growth of the global nutricosmetics market.
The nutricosmetics product lacks categorization and promotion approval, particularly in the European zone. This is due to a lack of expertise and misleading information regarding the ingredients and advantages of nutricosmetics. Due to such erroneous and inaccurate information, the government established stringent requirements to promote and advertise the goods, proving to be a significant restraint for the said market segment. The European Food Safety Authority (EFSA) guidelines on the scientific standards for health claims about bone, joints, skin, and oral health claims pertaining to skin under Regulation 1924/2006. Considering the global nutricosmetics market, this is the only important factor that can hinder the market's growth.
Global Nutricosmetics Market Report Coverage
|Market Size in 2021:||USD 7343 million|
|Forecast Period:||2021 - 2030|
|Forecast Period 2021 - 2030 CAGR:||8.9%|
|2030 Value Projection:||USD 15816.1 million|
|Historical Data for:||2019 - 2021|
|No. of Pages:||190|
|Tables, Charts & Figures:||118|
|Segments covered:||Global Nutricosmetics Market Size, Share, Statistics and Growth Outlook: Introduction By-Product and Form, Regional Analysis, and Forecast Till 2030.|
|Companies Covered:||Nexira, Vitabiotics, Suntory Holdings Limited, SEPPIC, Reviderm AG, Nestle Health Science (Solgar), KORA ORGANICS, Herbalife Nutrition, GliSODin Skin Nutrients, GlaxoSmithKline PLC, Functionalab, Fit & Glow Healthcare Private Limited, Blackmores Limited, Beiersdorf, BASF, Amway, and Activ’Inside|
|Growth Drivers:||The global nutricosmetics market is propelled forward by the high benefits of nutricosmetics and the expanding health and wellness trend.|
|Pitfalls & Challenges:||Stringent Government Regulations and product guidelines significantly restrain the growth of the global nutricosmetics market.|
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Opportunities in The Global Nutricosmetics Market -
The application of probiotics in nutricosmetics, together with tailored, specialized needs, presents enormous market prospects for global nutricosmetics.
In the premium beauty industry, fermented products containing probiotic ingredients are prevalent, as the production method is both expensive and challenging - indicating a substantial opportunity for innovation in this area. The new trend of 'beauty from inside' is gaining popularity, and as a result, people are experimenting with new ways to care for their skin using organic products that will enable skin to glow and, at the same time, make it healthier and free of skin problems. For this reason, recent research and technological advancements indicate that incorporating probiotics into the production of nutricosmetics can increase their nutritional value and render them risk-free for use as skin treatments. In addition, the trend of beauty from the inside is gaining popularity among consumers, which is propelling the nutricosmetics market forward and opening up new chances for the sector. Organizations are studying further the use of probiotics in cosmetics to treat skin conditions such as acne, rosacea, and dermatitis, which is offering new potential for manufacturers of skin products and notably for those competing in the nutricosmetics market. Consumers' evolving needs regarding skincare products play a significant part in propelling the industry forward. Consumers are increasingly interested in obtaining and employing organic skin care products that primarily contain natural ingredients and provide essential nutrients to the skin. This is one of the primary reasons why the nutricosmetics market spreads across geographies and provides lucrative growth prospects for the market.
Market Segmentation For Global Nutricosmetics Market –
The global nutricosmetics market is split by product and form. The global nutricosmetics market is further categorized by by-products into skincare, hair care, and nail care. The skincare category is predicted to increase at a CAGR of 8.7%, from USD 4188 million in 2021 to USD 8872 million by 2030, with a market share of 79.1%. Skincare products are the most popular cosmetics on a global scale. Individuals are more concerned with their skin. Emerging components for healthy skin, such as pycnogenol and lycopene, are propelling the expansion of the nutricosmetics skincare industry. This segment's producers and suppliers are attempting to combine natural ingredients for clean alternatives, ranging from mushrooms in supplements to ground coffee in facial scrubs and seaweed in skincare. The other category, which holds a substantial market share in the hair care segment, had a market value of USD 2,410.8 million in 2021 and is projected to reach USD 5065.50 million by 2030, expanding at a CAGR of 8.6%. Biotin, zinc, selenium, copper, molybdenum, and manganese are incorporated in nutricosmetics for hair care to benefit the hair's nutritional influence. The demand for nutricosmetics in hair care is on the rise, and firms are improving technologies such as probiotics and stem cell-derived assets, as well as the encapsulation of various substances for incubating hair care products in nutricosmetics. The third and least dominant subsegment of by-products is nail care, which held a market share of USD 744 million in 2021 and is projected to reach USD 1,525 million by 2030 at a CAGR of 8.3%.
Regarding form, the global nutricosmetics market is split into tablets/capsules and powder & liquids. This market is dominated by the powder/liquids category, which accounted for USD 3,342 million in 2021 and is projected to reach USD 6,850 million by 2030 at a CAGR of 8.3%. The great demand for cosmetic powders is owing to the ease with which such powders and liquids may be applied to the skin, which accounts for the market's enormous size. Tablets and capsules also contribute significantly to the market value, which was $3,103 million in 2021 and is projected to reach $6,413 million by 2030, a CAGR of 8.4%.
Regional Segmentation of The global Nutricosmetics Market -
North America, Europe, and Asia-Pacific make up the majority of the global nutricosmetics market. The Asia-Pacific region is the most dominating, with a market value of USD 3,606 million in 2021, projected to increase to USD 7,767 million by 2030 at a CAGR of 8.9%. Asia-Pacific is one of the emerging economies and is becoming an industrial hub supporting the growth and expansion of the global nutricosmetics market. Emerging economies such as India, China, and Japan are increasing their contribution to the nutricosmetics industry's revenue. The second-leading region in the worldwide nutricosmetics market is Europe, which accounted for a market value of USD 2,193 million in 2021 and is projected to reach USD 4,239 million by 2030, expanding at a CAGR of 7.6%. Europe is one of the most industrially advanced and developed regions globally, contributing significantly to revenue generation in virtually every market sector. The North American area contributes the least to the worldwide nutricosmetics market, projected to reach USD 2,974 million by 2030 at a CAGR of 9.8 percent. North America is one of the important market segments with a considerable market share for the nutricosmetics industry, which is continually expanding over the forecast period.
Competitors in The Global Nutricosmetics Market -
Amway Corporation, Grupo Cantabria Labs, Herbalife Nutrition Ltd, Blackmores Ltd, Herbalife Nutrition Ltd, GNC Holdings Inc., Kora organics, etc., are the top significant competitors in the global nutricosmetics industry.
Recent Developments –
• In June of 2019, Amway Corporation introduced Truvivity Oxibeauty, a nutricosmetic dietary supplement that will boost the skin's natural radiance.
• In February 2019, Grupo Cantabria Labs opened a new subsidiary in as part of its strategy to intensify and expand its international presence.
• In October 2020, Herbalife Nutrition introduced a skin collagen beauty booster that has been proven to support skin elasticity and reduce fine wrinkles in four to eight weeks.
• In October 2019, Blackmores and Mesa group struck a distribution agreement to introduce thirteen Blackmores products.
Segmentation of The Global Nutricosmetics Market –
Based on Product –
- Skin Care
- Hair Care
- Nail Care
Based on Form –
- Powders & Liquid
Based on region –
- North America
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