The nutricosmetics market is anticipated to grow at a 8.5% CAGR from 2021 to 2030 and to witness value around US$ 8.9 billion by 2030.
Nutricosmetics is defined as nutritional supplements that support the function and structure of the skin, thereby, reduces the impact of free radicals in the skin.
The nutricosmetics market is driven by the rising consumer awareness regarding their skin problems, such as anti-ageing, wrinkles, hair loss, scalp problems, etc. that are associated with various nutrient deficiency leading to a paradigm shift toward preventive health management practices amid the rising healthcare costs and increasing burden of lifestyle diseases. Thus, insisting on the consumption of nutricosmetics across the world.
Furthermore, robust demand for products that contain vitamins, omega-3, especially for skincare, holds a significant share in the market. Moreover, the beauty-from-within approach is garnering popularity among the millennial generation, as it is an attractive combination of beauty and health.
However, there is no clear demarcation for nutraceutical-based products, with variations across different countries. Thus, the complexity in regulatory, legislative, and technological aspects acts as a major hurdle for the market growth.
Demand For Products With Natural Ingredients
Consumer awareness regarding the ill-effects of synthetic chemicals used in popular cosmetic skin care products are driving them to opt for products that less harmful natural ingredients which have the same benefits without the harmful side effects of synthetic-based products. Small scale players growing at a higher pace in domestic market. Consumer preferences are shifting toward these brands which also claim to use sustainable manufacturing methods, thus raising the product’s attractiveness to the consumer. The present consumer profile comprises an increasingly younger population which is willing to experiment with emerging brands. These brands use locally-sourced ingredients and non-traditional marketing channels which increase their perceived value to the consumer.
Personalization in Cosmetic Skin Care Products
Rising demand of personalized cosmetic skin care products, wherein manufacturers take into account specific details of individuals such as weather, skin type, pollution levels where they live, and a myriad other details to ensure that the product is compatible with and effective on the user’s skin.
Use of Cannabidiol (or CBD)
Cannabidiol is one of the 80 compounds called cannabinoids extracted from the cannabis sativa plant. CBD is known to treat dry skin, psoriasis, and eczema and is being used in many beauty products. CBD also offers anti-inflammatory and moisturizing properties, which is increasing its popularity as an ingredient in cosmetic skin care products. It was earlier part of a niche category of skin care products. It is now entering the mainstream with a number of brands, established and upcoming, launching products containing the ingredient.
In terms of regions, the global nutricosmetics market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Europe accounted for the leading market share owing to high penetration of nutricosmetics. Such high penetration of the product is coupled with substantially high adoption rate amongst the consumers followed by high awareness about the benefits of nutricosmetics. Nutricosmetics manufacturers in Europe are opting for strategic joint ventures and acquisitions in bid to grab opportunities in the global nutricosmetics market.
|Market Size||US$ 8.9 Billion by 2030|
|Growth Rate||CAGR of 8.5% from 2021 to 2030|
|Segments Covered||Product, Primary Function, Distribution Channel, Region|
|Companies Mentioned||Cargill Incorporated, E.l.Du Pont De Nemours, Company, Nestle S.A.T, The Coca-Cola Company, L’Oreal SA.|
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global nutricosmetics market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
The global Nutricosmetics market is segmented based on:
By Primary Function
By Distribution Channel
This report focuses on nutricosmetics market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall nutricosmetics market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global nutricosmetics market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the nutricosmetics market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the nutricosmetics market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Nutricosmetics market.
Market Segments: This part of the report discusses about product, application and other segments of the nutricosmetics market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global nutricosmetics market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the nutricosmetics market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of nutricosmetics are as follows:
The research methodology adopted by analysts for compiling the global nutricosmetics market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global nutricosmetics market.
The study objectives of this report are:
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