Nutricosmetics Market by Form (Beauty Beverages & Drinks, Capsule, Gummies or Chewable), Ingredient (Carotenoids, Omega 3 Fatty Acids, Vitamins), Distribution Channel, Application - Global Forecast 2024-2030

Nutricosmetics Market by Form (Beauty Beverages & Drinks, Capsule, Gummies or Chewable), Ingredient (Carotenoids, Omega 3 Fatty Acids, Vitamins), Distribution Channel, Application - Global Forecast 2024-2030

The Nutricosmetics Market size was estimated at USD 27.59 billion in 2023 and expected to reach USD 31.98 billion in 2024, at a CAGR 16.93% to reach USD 82.52 billion by 2030.

Nutricosmetics help improve nail health, making them stronger and healthier with essential antioxidants and elements, including vitamins, plant extracts, curcumin, prebiotics, and probiotics. Nutricosmetics are wellness products that optimize the action of traditional cosmetics and are also considered an ideal nutritional supplement for a balanced dietary plan and an overall healthy lifestyle. Nutricosmetics contain micronutrients such as vitamin C, vitamin A, zinc, and biotin, which are crucial for healthy skin. Moreover, consumers’ increased awareness about health and wellness and various initiatives toward preventive health management increased the utilization of nutricosmetics. As per the Australian Journal of General Practice, female pattern hair loss is considered a significant cause of female alopecia, affecting around 49% of women at some point. However, adverse effects and stringent regulations associated with nutricosmetics impede their adoption. In addition, new product launches and developments in nutricosmetics and companies focus on strengthening their online presence by collaborating with third-party online retailers, further contributing to the development of nutricosmetics.

Regional Insights

America showcases a significant share and advanced market for nutricosmetics attributed to the aging population and increasing spending on skin care. The increasing product promotion and awareness through social media across major developed economies support the growth of nutricosmetics product penetration. In Asia-Pacific and Europe, the nutricosmetics market has been influenced by a growing desire among consumers for skin and hair care, particularly to prevent premature skin aging. In addition, consumer preference for natural, safe, and effective beauty solutions is boosting the sales of nutricosmetics products in these regions. The emphasis of several European manufacturers on developing innovative and natural nutricosmetics is expected to fuel the market growth.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Nutricosmetics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing various skin & hair problems among the population worldwide
    • Elderly population growth and consumer inclination toward preventive health management practices
    • Market Restraints
      • Lack of consumer awareness and negative effects associated with nutricosmetics
      • Market Opportunities
        • Effective marketing and positioning of nutricosmetics
        • Introduction of innovative and natural nutricosmetics
        • Market Challenges
          • Unstructured regulations and lack of experimental evidence for nutricosmetics
          • Market Segmentation Analysis
            • Ingredient: Increasing demand for Omega 3 fatty acids in the nutricosmetics sector
            • Distribution Channel: Growing online distribution channel owing to increasing digitization of consumer shopping habits
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Nutricosmetics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Nutricosmetics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • Solabia Acquired Majority Stake In Bioactor
              
              Nutricosmetics is a booming market and Solabia acquired a majority stake in the innovative bio-ingredient companies BioActor. This boosts Solabia into one of the key nutricosmetics player worldwide. With food products, such as omega 3 fatty acids and amino acids becoming part of daily routine for a rising number of consumers, the demand for better quality ingredients increases. With this acquisition of BioActor Solabia is trying to meet upcoming trend in the market .
              
              HUL is Expected to Acquire Wellbeing Nutrition and Conscious Food
              
              Unilever's recent interest in acquiring wellbeing nutrition and conscious food sources suggests that the company is expanding its presence within the ever growing nutricosmetics market. Nutricosmetics refers to foods, beverages, dietary supplements and other products designed to benift health and beauty care. With consumers increasingly focusing on self-care and wellness initiatives, as well as a larger demand for plant-based products, Unilever is planning to capture this emerging D2C segment with an acquisition of Wellbeing Nutrition and Conscious Food with an estimation to be worth more than USD 8 billion.
              
              Dechert Advises Havea in its Exclusive Negotiations for the Acquisition of Biocyte
              
              Dechert recently advised Havea in its exclusive negotiations for the acquisition of NutraWorks Srl to expand Havea’s presence in the nutricosmetics market and demonstrates their commitment to growing their offerings. NutraWorks will benefit as well, being able to access an extensive marketing and distribution network that increases its potential reach significantly.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Nutricosmetics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Nutricosmetics Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Amway Corporation, BASF SE, BeBodywise, Bestvite, Biocyte SAS, Blackmores Limited, BosleyMD, D-Lab Nutricosmetics, Deyang HUATAI Biopharm Resource Co., Ltd., Functionalab, Gelita AG, Givaudan International SA, GNC Holdings, Inc., Gowelnext Solutions P Ltd., Grupo Cantabria Labs, H&H Group, Herbalife Nutrition Ltd., Huisong, HUM Nutrition Inc., Industrial Farmacéutica Cantabria, SA, Koninklijke DSM N.V., KORA Organics by Miranda Kerr Pty Ltd., KYOWA HAKKO BIO Co., Ltd., mindbodygreen, LLC, Nestle S.A., Novasep Holding SAS, NOW Foods, Nutraceutical Wellness, Inc., OMNIPOTENT S PHARMACEUTICALS, Pro Labo Holdings Co., Ltd., Purify Life, Rioja Nature Pharma, S.L., Sabinsa Corporation, SAS FLORÊVE, Seppic S.A., Solutex GC S.L., Unilever plc, VEGAMOUR, INC., and Vitabiotics Ltd.
            
            Market Segmentation & Coverage
            
            This research report categorizes the Nutricosmetics Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Form
              • Beauty Beverages & Drinks
              • Capsule
              • Gummies or Chewable
              • Liquid
              • Powder
              • Tablet
              • Ingredient
                • Carotenoids
                • Omega 3 Fatty Acids
                • Vitamins
                • Distribution Channel
                  • Direct Sales
                  • Online
                  • Retail Sales
                  • Application
                    • Hair Care
                    • Nail Care
                    • Personal Care
                    • Skin Care
                      • Aging
                      • Dry Skin
                      • Face Care
                      • Heel Care
                      • Neck Care
                      • Under-Eye Care
                      • Region
                        • Americas
                          • Argentina
                          • Brazil
                          • Canada
                          • Mexico
                          • United States
                            • California
                            • Florida
                            • Illinois
                            • New York
                            • Ohio
                            • Pennsylvania
                            • Texas
                            • Asia-Pacific
                              • Australia
                              • China
                              • India
                              • Indonesia
                              • Japan
                              • Malaysia
                              • Philippines
                              • Singapore
                              • South Korea
                              • Taiwan
                              • Thailand
                              • Vietnam
                              • Europe, Middle East & Africa
                                • Denmark
                                • Egypt
                                • Finland
                                • France
                                • Germany
                                • Israel
                                • Italy
                                • Netherlands
                                • Nigeria
                                • Norway
                                • Poland
                                • Qatar
                                • Russia
                                • Saudi Arabia
                                • South Africa
                                • Spain
                                • Sweden
                                • Switzerland
                                • Turkey
                                • United Arab Emirates
                                • United Kingdom
                                
                                
                                Please Note: PDF & Excel + Online Access - 1 Year