Asia Pacific is Projected to Experience High Demand for Nutricosmetics Products – Fact.MR Study

Innovative developments and increased R&D activities in weight management will lead to substantial growth in demand for nutricosmetics products over the forecast period of 2021-2031. Sedentary and unhealthy lifestyle prevalent in developed economies has increased obesity among people. For instance, more than one-third of the people in the U.S are obese. Furthermore, obesity gives rise to complications such as diabetes and cardiovascular diseases. These factors are encouraging people to consume nutritional products for managing their weight.

Moreover, weight management nutricosmetics products are witnessing significant demand, especially in the German market. These mainly comprise flavoured water, yoghurt, and juices. For instance, GELITA, a producer of gelatin, recently launched QYRA, comprising bioactive collagen peptides. Moreover, presence of companies focusing on innovative solutions coupled with demand for weight management nutricosmetics will bolster overall market growth over the coming years.

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As per a new report published by Fact.MR, the nutricosmetics market is anticipated to expand at a CAGR of around 5% over the next ten years.

Key Takeaways from Market Study

  • The skin care sector is anticipated to be a major driver of the nutricosmetics industry.
  • Among the primary functions, weight management has been the fastest-growing segment, owing to rise in a sedentary and unhealthy lifestyles.
  • The North American region is set to dominate sales revenue in 2021 and ahead.
  • Nutricosmetics sales in Asia Pacific are expected to rise significantly through 2031.
  • Due to the COVID-19 crisis, demand for nutricosmetics was hit in 2020, which saw a decline. But with increasing awareness of their health benefits, it is expected to gain traction again.

“High spending on innovation and R&D by key market players will aid market growth over the coming years,” says a Fact.MR analyst.

Winning Strategy

Key players have been spending on research & development to come up with newer innovative products coupled with organic growth strategies. These enhancements will drive nutricosmetics sales in the medium- to long-term forecast period.

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