IMARC Group, a leading market research company, has recently released report titled “Nutricosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global nutricosmetics market growth, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the nutricosmetics market?
The global nutricosmetics market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
What are nutricosmetics?
Nutricosmetics are specialized dietary supplements that incorporate a blend of vitamins, amino acids, minerals, botanical extracts, and antioxidants. These products can be categorized into various types, such as those designed for enhancing skin health, promoting hair care, and supporting weight management, among others. Nutricosmetics are available in diverse forms, including tablets, capsules, powders, liquids, gummies, and soft chews. They play a crucial role in facilitating the absorption of essential nutrients and bioactive compounds into the bloodstream, enabling them to circulate throughout the body, thus stimulating the natural production of vital molecules. These nutricosmetics work to nourish the foundational structures of both the skin and hair from within, aiding in the maintenance of a healthy rate of skin and hair renewal. Furthermore, they offer protection for the skin against the detrimental effects of environmental stressors and help regulate biochemical processes that can contribute to the appearance of aging signs. As a result, nutricosmetics enjoy widespread popularity and demand across various countries.
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What are the growth prospects and trends in the nutricosmetics industry?
The nutricosmetics market is experiencing substantial growth due to several key factors. One significant driver is the increasing importance placed on maintaining one’s physical appearance by the general population. This trend is accompanied by a growing awareness among consumers about how vitamin deficiencies can lead to hair and skin problems. Additionally, there is a notable shift towards embracing the concept of “beauty-from-within,” with consumers showing a preference for natural beauty products. Furthermore, the market is benefiting from the rising popularity of e-commerce platforms, which have led to increased product sales. Leading companies are also recognizing the importance of strengthening their online presence and are actively collaborating with third-party online retailers to achieve this goal. Another boost to the market comes from product manufacturers offering personalized virtual consultations to consumers through their official websites, further enhancing consumer engagement and driving market growth. Moreover, the introduction of smaller-sized product variants in convenient packaging and the increased investments in product promotion campaigns are expected to drive the growth of the nutricosmetics market in the foreseeable future.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Ingredient:
- Carotenoids
- Omega-3
- Vitamins
- Others
Breakup by Product:
- Skin Care
- Hair Care
- Weight Management
- Others
Breakup by Distribution Channel:
- Drug Stores/Pharmacies
- Supermarkets and Hypermarkets
- Specialist Stores
- Online Stores
- Others
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Amway
- BASF SE
- Bayer AG
- Beiersdorf (Maxingvest AG)
- Blackmores Ltd.
- Herbalife Nutrition Ltd.
- Otsuka Holdings Co. Ltd
- Pfizer Inc (NYSE: PFE)
- Reckitt Benckiser
- Suntory Holdings Limited (Kotobuki Realty Co. Ltd.)
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