The global Nutricosmetics Market was valued at USD 6.5 billion in 2021 and it is anticipated to grow up to USD 17.0 billion by 2031, at a CAGR of 10.1% during the forecast period.
Nutricosmetics is a type of supplement that claims to improve the health and appearance of skin, hair, and nails. They are typically taken orally in the form of capsules, tablets, or powders, and sometimes topically as creams or serums. The most common ingredients in nutricosmetics are vitamins, minerals, antioxidants, and omega-3 fatty acids. Some products also contain botanical extracts, such as green tea or resveratrol.
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Market Trends and Drivers:
The rising incidence of these disorders will result in the flourishing demand for nutricosmetics ingredients and products to help keep nails and skin healthy. Hair and skin problems continue to assert a profound impact, predominantly among women. As per the Australian Journal of General Practice, FPHL (female pattern hair loss) is considered a major cause of female alopecia, affecting nearly 49% of women at some point in their lives. Likewise, the beauty-from-within strategy is emerging as a trend among millennials, considering its benefits such as nourishment, repair, growth, and increased hair volume. Consumers are also growing more inclined toward high-quality nutritious or natural products for preventive action against diseases. The acceptance of preventive health management practices will provide lucrative growth opportunities for the nutricosmetics market.
COVID-19 Impact:
The beauty industry witnessed major disruptions in the initial months of the COVID-19 pandemic, with global sales experiencing a slump in 2020. However, the nutricosmetics sector remains resilient, owing to the increased awareness of personal health and wellbeing during the pandemic.
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Global Nutricosmetics Market Segmentation:
By Product Type
- Tablets and Capsules
- Powder and Liquid
- Gummies and Soft Chews
By Ingredients
- Carotenoids
- Vitamins
- Omega-3 Fatty Acids
By Application
- Skin Care
- Hair Care
- Nail Care
- Weight Management
By Distribution Channel
- Supermarkets/Hypermarkets
- Online Pharmacies
- Retail Pharmacies
- Specialty Store
Major Players in the Global Nutricosmetics Market:
The key players in the market 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, Activ’Inside, among others.
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