Global Nutricosmetics Market is projected to be valued $13 Billion by 2024; with a CAGR of 12.5% from 2017 to 2025. Nutricosmetics are nutritional supplements which support the function and structure of skin.The beauty industry is wide and filled with so many new innovations and the consumers are always getting something new to explore. As a result nutricosmetics industry is growing fast due to the changing needs and demands of the consumers. These cater to the needs of the skin, hair, nails & others through edible products which contain active ingredients with proteins, minerals, enzymes, lycopene, and botanical leaves and are said to provide and abide by the concept of providing beauty from within.
Increasing awareness towards health and beauty, positive effects of ingredients (green tea, barks, and roots), aging population, and rising demand of less invasive beauty treatments, are the factors propelling the growth of the nutricosmetics market. Key manufacturers are investing in development of improved product which is also driving the market. However, lack of awareness among consumers about benefits of nutricosmetics and longer time for these products to show results may hinder the growth of the market. Increasing marketing strategies in untapped markets and development of advanced products would provide several growth opportunities for the market players.
The global nutricosmetics market has been classified on the basis of type and geography. The type segment is sub-segmented as, liquid (skin care, hair care, and others), and pills (skin care, hair care, and others).
Based on geography, nutricosmetics market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, South Korea, and others, while RoW is bifurcated into South America, Middle East, and Africa.
Major companies operating in the global Nutricosmeticsmarket are E.I. Du Pont Nemours and Company, L’Oréal SA, Nutrilo GmbH, HusumerMineralbrunnen GmbH & Co. KG, Ferrosan A/S, Cargill Incorporated, GlaxoSmithKline Pharmaceuticals Limited, LycoRed Limited, Martek Biosciences Corporation, and C.C. Natural Products Tech Limited, among others.
The key takeaways from the report
Scope of Nutricosmetics Market