Market Definition:
The Nutricosmetics market size was over USD 7.23 Billion in 2022 and it is anticipated to grow at a CAGR of 7.0% 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 Outlook:
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.
Market Restraints and Challenges
Lower awareness regarding the benefit of nutricosmetics especially among the rural global population is expected to restrict market growth. There are challenges that might prevent this industry from continuing to thrive despite the positive light that the various scientific studies have released on nutricosmetics. Nutricosmetic products lack clear regulations for promotion and categorization at the point where the food and cosmetics markets converge. A lack of a clear regulation allowing businesses to promote and inform about the benefits of their product can cause the nutricosmetic market to stagnate, which is one of the major challenges facing the industry. This is because consumers often lack knowledge about the ingredients and their benefits.
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Research Objectives:
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Global Nutricosmetics Market Segmention
The report analyses the global Nutricosmetics Market based on product type, ingredient, application, distribution channel, and region. Based on the product type, the nutricosmetics industry is bifurcated into gummies and soft chews, powder and liquid, and tablets and capsules. By process, the industry is divided into vitamins, carotenoids, omega-3 fatty acids, and others. Based on applications, the nutricosmetics industry is categorized weight management, nail care, skincare, hair care, and others. Based on the distribution channel, the industry is categorized into supermarkets/hypermarkets, online pharmacies, specialty stores, retail pharmacies, and others. Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World.
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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Research Scope:
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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