IMARC Group, a leading market research company, has recently releases report titled “Nutricosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global nutricosmetics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the nutricosmetics market?
Report Attributes
Details
Market Size in 2022
US$ 6.9 Billion
Market Forecast in 2028
US$ 10.3 Billion
Growth rate (2023 to 2028)
CAGR of 7%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is nutricosmetics?
Nutricosmetics represents nutritional supplements formulated utilizing vitamins, amino acids, minerals, botanical extracts, and antioxidants. Based on product types, they can be categorized into skin care, hair care, weight management, etc. Nutricosmetics are available in several forms, including tablets, capsules, powder, liquid, gummies, soft chew, etc. They help absorb nutrients and active ingredients into the bloodstream and circulate them throughout the body to stimulate the natural production of essential molecules. Nutricosmetics nourish the structure of the skin and hair from within, maintain a healthy skin and hair renewal rate, protect the skin from environmental stressors, and control biochemical reactions that can lead to signs of aging. Consequently, they are in widespread demand across countries.
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What are the growth prospects and trends in the nutricosmetics industry?
The growing emphasis among the masses on maintaining physical appearance and the escalating consumer awareness about the hair and skin problems caused by vitamin deficiencies are primarily driving the nutricosmetics market. Additionally, the emerging trend of beauty-from-within and the shifting preferences toward natural beauty products are acting as significant growth-inducing factors. Apart from this, the increasing sales of the product via e-commerce platforms and the elevating focus among leading companies on strengthening their virtual presence by collaborating with third-party online retailers are also positively influencing the global market. Moreover, the launch of personalized virtual consultations to consumers by various product manufacturers through their official websites is further stimulating the market growth. Besides this, the introduction of smaller-sized product variants with convenient packs and the rising investments in product promotion campaigns are expected to propel the nutricosmetics market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Ingredient:
- Carotenoids
- Omega-3
- Vitamins
- Others
Breakup by Product:
- Skin Care
- Hair Care
- Weight Management
- Others
Breakup by Distribution Channel:
- Drug Stores/Pharmacies
- Supermarkets and Hypermarkets
- Specialist Stores
- Online Stores
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Amway
- BASF SE
- Bayer AG
- Beiersdorf (Maxingvest AG)
- Blackmores Ltd.
- Herbalife Nutrition Ltd.
- Otsuka Holdings Co. Ltd
- Pfizer Inc (NYSE: PFE)
- Reckitt Benckiser
- Suntory Holdings Limited (Kotobuki Realty Co. Ltd.)
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