Global Nutricosmetics Market To Record Protruding Growth With US$ 15,701.6 Million By 2028
Published date - 22/12/2022
December 2022 | Report Format: Electronic (PDF)
The size of the nutricosmetics market is anticipated to rise sharply. This can be attributable to growing consumer knowledge of skin issues like wrinkles, hair loss, anti-aging, and other issues that are related to vitamin shortages. In addition, a paradigm shift in favour of preventive health management approaches in response to rising healthcare costs and the burden of lifestyle diseases will increase market demand on a global scale.Consumers are choosing products with less harmful natural ingredients that offer the same benefits without the negative side effects associated with synthetic-based products as a result of their increased awareness of the adverse effects of synthetic chemicals used in popular cosmetic skincare products. The local market is seeing quicker growth among small-scale firms. These companies are becoming more popular with consumers as they promise to use environmentally friendly manufacturing techniques, making the product more enticing to them.
On the other hand, it is anticipated that a lack of consumer knowledge regarding the advantages of nutricosmetics may restrain the market's expansion. The lengthier duration of the product for effective outcomes is projected to cause more obstacles for the nutricosmetics market over the forecast period.
North America holds the biggest share of the Nutricosmetics Industry. The region's consumers, who are mainly from the United States and Canada, have a tendency to be skeptical of the concept of "beauty foods" and are more inclined to seek items like UV protection and wrinkle-smoothing items, which puts a bullwhip on the product introduction. For instance, SunISDINTM Softgel Capsules, a cutting-edge blend of antioxidants, vitamins, and a crucial mineral, was introduced to the US market by SDIN® in 2020. They are intended to improve overall skin health, help the skin fight photoaging, and prevent oxidative stress. According to the American Hair Loss Association, by the age of 35, two-thirds of American males will have noticeable hair loss to some extent. To meet the growing demand, producers are constantly releasing new product lines, which are anticipated to significantly fuel market expansion.
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Nutricosmetics Market Report Highlights
- In August 2022, Nutricosmetics manufacturer Tesla to Expand its Footprint with New Facility in Europe
- In April 2022, Nykaa purchased a 60% share in Nudge Wellness, ushering it into the nutricosmetic industry. The Indian e-commerce business Nykaa specializes in fashion, wellness, and beauty products.
- The multi-ingredient beauty supplement "Herbalife SKIN LycoGlow," developed by Herbalife Nutrition and based on the Lycored Nutrient Complex, a tomato extract purchased from the Israeli company "Lycored," will go on sale in August 2021. The new supplement contains significant amounts of the carotenoids present in fruit, including lycopene.
Nutricosmetics MARKET SEGMENTATION
The research report published by Market Research Strategy contains industry segments, as below-
Nutricosmetics Ingredient Outlook (Revenue, USD Million, 2017 - 2028)
- Carotenoids
- Vitamins
- Nutricosmetics Fatty Acids
- Others
Nutricosmetics Application Outlook (Revenue, USD Million, 2017 - 2028)
- Personal Care
- Skin Care
- Hair Care
- Health Care
- Digestive Health
- Heart Health
- Weight Management
- Others
Nutricosmetics Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
List of Key Players- Nutricosmetics Market
- Laboratoire Dermatologique ACM
- Forza Industries Ltd.
- Vitabiotics Ltd.
- D-LAB Nutricosmetics
- Skinade
- Amway
- Natrol
- SOS Hair Care
- WR Group
- Pfizer, Inc.
- L’Oreal S.A.
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