Nutracosmetic Market By Ingredient (Carotenoids, Probiotics, Vitamins, Others), By Application (Skin Care, Hair Care, Nail Care), By Demographic (Male, Female), By Distribution Channel (Hypermarket and Supermarket, Specialty Stores, Pharmacies and Drug Stores, Online Sales Channel, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global nutricosmetics market size was valued at $ 3,624.2 million in 2021, and is projected to reach $7,816.7 million by 2031, registering a CAGR of 7.7% from 2022 to 2031. Nutricosmetics are evolved from combination of products for nutrition and personal care that helps in rejuvenation and protection. Nutricosmetics are used to treat skin, hair, nail, and weight management problems. These products are formulated for hair growth and help reduce hair thinning and encourage hair volume. Available nutricosmetics for nails help to strengthen them and prevent breakage. These products are consumed in both supplement and liquid forms. Some of the key nutricosmetics ingredients include vitamins (A, B6, and E), omega-3 fatty acids, probiotics, and lutein. These ingredients act as antioxidants and function by controlling and cancelling effects of free radicals, providing skin with anti-inflammatory protection against ultraviolet radiation. Rise in trend of healthy aging is a major factor that boosts growth of the global nutricosmetics market, especially among women.
Rise in penetration of various online portals in developing regions and increase in number of offers & discounts attracts consumers to purchase cosmetic products through online channels. Moreover, online sales channels have increased consumer reach, owing to which it has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand in the future, owing to rapid growth in online and mobile user customer bases in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and facility to enter in new international markets for major brands further boost growth of the nutricosmetics market
The nutricosmetics industry has been segmented based on ingredient, application demography, distribution channel and region. Based on ingredient, the nutricosmetics market is bifurcated into carotenoids, probiotics, vitamins and others. Based on application, the market is divided into skin care, hair care and nail care. On the basis of demography, the market is categorized into male and female. By distribution channel the market is divided into hypermarket/supermarket, specialty stores, pharmacies & drug stores, online sales channel and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Major companies have adopted agreement, product launch, expansion, and merger strategies to sustain the intense market competition. The key players profiled in the report Amway Corporation, BASF SE., Blackmores Limited, GlaxoSmithKline PLC, Harbin Pharmaceutical Group Co., Ltd., Herbalife International of America, Inc., KORA Organics, Nutrova, Shiseido Company, Limited and Suntory Holdings Limited.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nutracosmetic market analysis from 2021 to 2031 to identify the prevailing nutracosmetic market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the nutracosmetic market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global nutracosmetic market trends, key players, market segments, application areas, and nutracosmetic market growth strategies.
Key Market Segments
By Application
Skin Care
Hair Care
Nail Care
By Demographic
Male
Female
By Ingredient
Carotenoids
Probiotics
Vitamins
Others
By Distribution Channel
Hypermarket and Supermarket
Specialty Stores
Pharmacies and Drug Stores
Online Sales Channel
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Switzerland
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
BASF SE
Amway
GlaxoSmithKline PLC
Herbalife nutition ltd
GNC Holdings, LLC
Shiseido Company, Limited
Pfizer
KORA ORGANICS
SUNTORY HOLDINGS LIMITED
Blackmores Limited
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