The global nutricosmetics market is on track to experience substantial growth, increasing from a valuation of US$ 5 billion in 2023 to a projected US$ 8.2 billion by the end of 2033. This growth is characterized by a steady compound annual growth rate (CAGR) of 5%.
The surge in demand for nutricosmetics primarily stems from their promise of clean labels and aesthetic enhancements. As global consumers become more conscientious about skin-related concerns, such as wrinkles and anti-aging, the nutricosmetics market is witnessing significant expansion. Contributing factors include the growing healthcare expenditures, the prevalence of infections and lifestyle diseases, and increased awareness regarding the adverse effects of synthetic cosmetic chemicals. This market growth is evident across various geographical regions.
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- The Europe nutricosmetics market is anticipated to have a 40% share in the global market in 2022.
- Japan is expected to be the dominant nutricosmetics market in the Asia Pacific region during the forecast period.
- The U.S. is predicted to dominate the North America nutricosmetics market from 2023 – 2033.
- Skin care nutricosmetics are predicted to have a 50% market share by primary function segment.
- E-commerce is set to achieve a 40% share of the global nutricosmetics market during the forecast period by distribution channel.
Unlocking the Wellness Benefits of Nutricosmetics: A Holistic Approach to Health
“Embracing Nutricosmetics for Holistic Health Benefits”
The exposure of skin to UV light often leads to photoaging, marked by the emergence of brown spots and deep wrinkles, prominent signs of aging. Nutricosmetics, enriched with antioxidants, play a crucial role in shielding the skin from UV damage while also maintaining collagen levels, an essential factor in delaying the aging process.
Utilizing nutricosmetics as dietary supplements is increasingly common for managing arthritis and promoting joint health. The myriad health advantages associated with these cosmetics are driving higher consumer adoption, accelerating market growth trends in the foreseeable future.
“Rising Demand for Organic Cosmetics in the Nutricosmetics Industry”
Organic cosmetics, formulated without parabens, synthetic ingredients, artificial fragrances, sulfates, phthalates, or petrochemicals, have gained significant favor among consumers. This preference for nutricosmetic products over conventional cosmetics laden with chemicals is driven by concerns about the potentially harsh effects of chemical-based products on the skin.
Conventional cosmetic products often contain chemicals that can permeate the skin and enter the bloodstream, potentially leading to various health issues, including cancer and hormonal imbalances. The growing awareness of the adverse effects of chemical-based products is a key driver behind the increasing preference for organic cosmetics, shaping the global skincare ingredient market.
Key nutricosmetic manufacturers are providing smaller-sized product versions in compact packs due to the growing working population and individuals’ hectic lifestyles. Top producers of nutricosmetics are constantly releasing new product lines to meet the burgeoning demand, which is expected to significantly fuel market expansion.
- In 2020, SDIN launched SunISDIN Softgel capsules, which are a combination of vitamins, antioxidants, and essential minerals. Additionally, these capsules help fight photoaging, impede oxidative stress, and in keeping the skin healthy.
- A series of mix-in powdered supplements were introduced by Viviscal that are specially prepared with biotin and marine collagen to improve the health of both men’s and women’s hair.
Key Companies Profiled by Fact.MR
- Shiseido Co. Ltd.
- GNC Holdings Inc.
- KORA ORGANICS
- Fit & Glow Healthcare Private Limited
- Herbalife Nutrition Ltd.
- Blackmores Limited
- PurpleRock UTA Opco LLC
- GlaxoSmithKline PLC
- Suntory Holdings Limited
- Robinson Pharma Inc.
- Ashland Inc.
- Vitabiotics Company
- Increasing public awareness of synthetic skincare products and their high potential of triggering adverse effects are set to propel growth.
- Ability of nutricosmetics to help combat the aging process, fight hair loss, and make the skin more radiant, moisturized, as well as supple would drive sales.
Key Segments of Nutricosmetics Industry Research:
- By Product :
- Beauty Beverages/Drinks
- By Ingredient :
- Omega 3 Fatty Acids
- By Primary Function :
- Skin Care
- Hair and Nail Care
- Weight Management
- By Distribution Channel :
- Modern Trade
- Health and Beauty Stores
- Specialty Stores
- Pharmacy Stores
- By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Questions Covered in the Nutricosmetics Market Report
- What is the estimated value of the nutricosmetics market for 2033?
- At what CAGR is the market for nutricosmetics expected to progress?
- Which factors are mainly boosting nutricosmetics sales?
- Which region accounts for the largest share of the global nutricosmetics market?
- Who are the top vendors of nutricosmetics across the globe?
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