Pune, India, Dec. 19, 2023 (GLOBE NEWSWIRE) — The global nutricosmetics market size was USD 6.45 billion in 2022 and is anticipated to expand from USD 6.84 billion in 2023 to USD 11.24 billion by 2030, exhibiting a CAGR of 7.36% over the analysis period. The rise can be attributed to the escalating adoption of advanced beauty regimes by young consumers. One of these trends is skin minimalism, which is focused on reducing skin damage, skin sensitivity, and skin irritation.
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Leading Players Featured in the Research Report:
Companies leading Nutricosmetics Market are Biocyte Laboratory (France), Herbalife Nutrition (U.S.), Vitabiotics (U.K.), Ducray Dermatological Laboratories (France), D-LAB NUTRICOSMETICS (France), Skinade (U.S.), Zenement (Spain), Kapiva (India), TERRAVITA (Spain), Amorepacific (South Korea)
Report Scope & Segmentation:
| Report Attributes | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 7.36% |
| 2030 Value Projection | USD 11.24 Billion |
| Nutricosmetics Market Size in 2022 | USD 6.45 Billion |
| Historical Data | 2019-2021 |
| No. of Pages | 160 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
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| Regions Covered |
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| Nutricosmetics Market Growth Drivers | Product Sales to Surge Owing to Shift from Harmful Chemical-based to Natural Cosmetics |
Browse Summary of this Research Report:
https://www.fortunebusinessinsights.com/industry-reports/nutricosmetics-market-101628
COVID-19 Impact:
Rise in Market Value Driven by Escalated Demand for Natural Products
The pandemic led to a reduction in the consumption of beauty products and a decline in consumer expenditure on these products. The period recorded an escalated awareness regarding the relationship between beauty and diet. This led to an increased consumer spending on natural cosmetic products. This helped propel industry expansion amid COVID-19 pandemic.
Segmentation:
Capsules Segment Dominates Driven by Rising Popularity for Formulation Delivery
On the basis of form, the market for nutricosmetics is segmented into powder, capsules, tablets, and others. The capsules segment accounted for a dominating share in the market due to the growing usage of the product in delivering formulations to the consumers.
Skin Segment Holds Major Share Impelled by Rising Product Popularity among Consumers
By application, the market for nutricosmetics is categorized into nails, skin, and hair. The skin segment holds a key share in the market due to the soaring popularity of numerous products such as whitening, smoothening, and anti-aging.
Supermarkets/Hypermarkets Segment Leads Owing to Higher Discounts over Other Retail Stores
On the basis of distribution channel, the market for nutricosmetics is classified into drug stores, online retail stores, specialty stores, supermarkets/hypermarkets, and others. The supermarkets/hypermarkets segment accounts for the largest market share due to the availability of higher discount rates on products considering other retail stores.
Based on geography, the market for nutricosmetics is segregated into Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America.
Report Coverage:
The report offers an in-depth coverage of the key factors anticipated to drive the global business landscape. It further delves into the prominent steps undertaken by leading companies to establish strong footings in the market. These insights have been provided after in-depth research and data collation from credible sources.
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Drivers and Restraints:
Product Sales to Surge Owing to Shift from Harmful Chemical-based to Natural Cosmetics
The global nutricosmetics market growth is being impelled by the surging consumer preference for natural cosmetic products compared to chemical-based solutions. The shift comes amid an increased awareness regarding certain chemicals that cause skin irritations, cancer, and other issues.
However, a lack of awareness among consumers regarding the availability and efficacy of the product may hinder industry growth over the coming years.
Regional Insights:
Asia Pacific Held Dominant Share Driven by Rising Launch of Advanced Products
Asia Pacific held the maximum market share in 2022. The regional market size stood at USD 4.54 billion in 2022. The Asia Pacific nutricosmetics market share is slated to expand owing to increasing launch of advanced products by manufacturers in the region.
The Europe market is anticipated to register considerable growth over the analysis period. The expansion is being driven by the rising demand for natural ingredients and an upsurge in the geriatric population.
Competitive Landscape:
Pivotal Players Unveil New Formulations to Secure Competitive Edge
Companies devise new strategies to strengthen their market footing. Several industry players are involved in research activities for the development of new formulations. These products are being launched in the market to gain a competitive edge.
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Major Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Overview of the Parent/Related Markets
- Supply Chain Analysis
- Regulatory Analysis
- Recent Industry Developments – Mergers & Acquisitions, Partnerships, & New Product Launches
- Qualitative Analysis Related to COVID-19
- Impact of COVID-19 on the Market
- Supply Chain Challenges amidst Pandemic
- Potential Opportunities due to this Global Crisis
- Global Nutricosmetics Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Form
- Tablet
- Capsule
- Powder
- Others
- By Application
- By Distribution Channel
- Hypermarkets/Supermarkets
- Drug Stores
- Specialty Stores
- Online Stores
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Form
To Be Continued…!
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Key Industry Development:
June 2021 – LABthetics rolled out a new skin rejuvenation nutraceutical supplement. The solution was formulated for usage with aesthetic procedures for providing collagen support in the skin.
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