[188 Pages Report] The Nutricosmetics Market size was estimated at USD 27.59 billion in 2023 and expected to reach USD 31.98 billion in 2024, at a CAGR 16.93% to reach USD 82.52 billion by 2030.
Nutricosmetics help improve nail health, making them stronger and healthier with essential antioxidants and elements, including vitamins, plant extracts, curcumin, prebiotics, and probiotics. Nutricosmetics are wellness products that optimize the action of traditional cosmetics and are also considered an ideal nutritional supplement for a balanced dietary plan and an overall healthy lifestyle. Nutricosmetics contain micronutrients such as vitamin C, vitamin A, zinc, and biotin, which are crucial for healthy skin. Moreover, consumers’ increased awareness about health and wellness and various initiatives toward preventive health management increased the utilization of nutricosmetics. As per the Australian Journal of General Practice, female pattern hair loss is considered a significant cause of female alopecia, affecting around 49% of women at some point. However, adverse effects and stringent regulations associated with nutricosmetics impede their adoption. In addition, new product launches and developments in nutricosmetics and companies focus on strengthening their online presence by collaborating with third-party online retailers, further contributing to the development of nutricosmetics.
Ingredient: Increasing demand for Omega 3 fatty acids in the nutricosmetics sector
Carotenoids, naturally occurring pigments in plants, are pivotal to the nutricosmetics industry due to their potent antioxidant properties. These compounds, which include beta-carotene, lycopene, and lutein, play an important role in protecting the skin from the effects of ultraviolet (UV) rays, pollution, and other environmental stressors. Carotenoids are also known for their ability to improve skin coloration, adding a healthy glow and contributing to a more youthful appearance. Their ability to support eye health & protect against age-related macular degeneration aligns with the holistic approach of nutricosmetics to beauty and wellness. Omega 3 fatty acids are a cornerstone in the nutricosmetics sector, predominantly derived from fish oil and plant sources such as flaxseed and algae. These fatty acids are highly acclaimed for their anti-inflammatory properties, which are instrumental in reducing the incidence of skin conditions such as acne and psoriasis. Omega 3s are also celebrated for their ability to moisturize the skin from within, enhancing skin barrier function, elasticity, and overall complexion. Moreover, they support heart and brain health, showcasing the intrinsic link between internal wellness and external beauty in nutricosmetic formulations. Vitamins are essential nutrients integral to the skin’s structure, function, and appearance. Vitamins A, C, D, and E, in particular, hold significant relevance in nutricosmetics. Vitamin A (retinol) is acclaimed for its role in cell growth and skin regeneration, making it a key ingredient for anti-aging products. Vitamin C, a powerful antioxidant, is vital for collagen production and skin brightening, helping reduce wrinkles and skin texture. Vitamin D is celebrated for its role in skin cell renewal and repair, as well as supporting immune health. Vitamin E contributes to skin health by combating oxidative stress caused by daily environmental exposure, thus preventing premature skin aging. These vitamins embody the synergy between nutrition and cosmetics, driving the development of products that promote beauty from within.
Distribution Channel: Growing online distribution channel owing to increasing digitization of consumer shopping habits
Direct sales in the nutricosmetics sector represent a traditional yet dynamic channel characterized by the direct interaction between the seller and the customer. This distribution channel leverages personal relationships and trust, making it especially effective for products that require detailed explanations or demonstrations. Direct sales are often facilitated by consultants or representatives knowledgeable about the product range, allowing for a personalized customer experience. This channel can be particularly effective in markets where consumers value trust and personal advice in their purchasing decisions. The online distribution channel has experienced exponential growth within the nutricosmetics sector, driven by the increasing digitization of consumer shopping habits. This channel offers a wide array of advantages, including convenience, a broader product selection, and the ability to compare products and prices easily.
E-commerce platforms, brand websites, and social media outlets are powerful tools for disseminating and selling nutricosmetic products. Additionally, online channels provide companies with invaluable consumer data, enabling more targeted marketing strategies and product development. Retail sales remain a cornerstone for the distribution of nutricosmetics, offering consumers the opportunity to physically interact with products before purchasing. This channel encompasses a variety of formats, including pharmacies, health stores, department stores, and specialized beauty shops. Retail sales benefit from the ability to offer immediate gratification to the buyer, a factor not present in online shopping. Moreover, the in-store experience can significantly enhance brand presence and reputation through strategic shelf placement and staff availability to provide product information and recommendations.
Regional Insights
America showcases a significant share and advanced market for nutricosmetics attributed to the aging population and increasing spending on skin care. The increasing product promotion and awareness through social media across major developed economies support the growth of nutricosmetics product penetration. In Asia-Pacific and Europe, the nutricosmetics market has been influenced by a growing desire among consumers for skin and hair care, particularly to prevent premature skin aging. In addition, consumer preference for natural, safe, and effective beauty solutions is boosting the sales of nutricosmetics products in these regions. The emphasis of several European manufacturers on developing innovative and natural nutricosmetics is expected to fuel the market growth.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Nutricosmetics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Nutricosmetics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Nutricosmetics Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Amway Corporation, BASF SE, BeBodywise, Bestvite, Biocyte SAS, Blackmores Limited, BosleyMD, D-Lab Nutricosmetics, Deyang HUATAI Biopharm Resource Co., Ltd., Functionalab, Gelita AG, Givaudan International SA, GNC Holdings, Inc., Gowelnext Solutions P Ltd., Grupo Cantabria Labs, H&H Group, Herbalife Nutrition Ltd., Huisong, HUM Nutrition Inc., Industrial Farmac?utica Cantabria, SA, Koninklijke DSM N.V., KORA Organics by Miranda Kerr Pty Ltd., KYOWA HAKKO BIO Co., Ltd., mindbodygreen, LLC, Nestle S.A., Novasep Holding SAS, NOW Foods, Nutraceutical Wellness, Inc., OMNIPOTENT S PHARMACEUTICALS, Pro Labo Holdings Co., Ltd., Purify Life, Rioja Nature Pharma, S.L., Sabinsa Corporation, SAS FLOR?VE, Seppic S.A., Solutex GC S.L., Unilever plc, VEGAMOUR, INC., and Vitabiotics Ltd.
Market Segmentation & Coverage
This research report categorizes the Nutricosmetics Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Form
- Beauty Beverages & Drinks
- Capsule
- Gummies or Chewable
- Liquid
- Powder
- Tablet
- Ingredient
- Carotenoids
- Omega 3 Fatty Acids
- Vitamins
- Distribution Channel
- Direct Sales
- Online
- Retail Sales
- Application
- Hair Care
- Nail Care
- Personal Care
- Skin Care
- Aging
- Dry Skin
- Face Care
- Heel Care
- Neck Care
- Under-Eye Care
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Nutricosmetics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Nutricosmetics Market?
- What are the technology trends and regulatory frameworks in the Nutricosmetics Market?
- What is the market share of the leading vendors in the Nutricosmetics Market?
- Which modes and strategic moves are suitable for entering the Nutricosmetics Market?
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