Global Nutricosmetics Market 2024

Global Nutricosmetics Market 2024

The largest share in the Nutricosmetics market is held by the Skin Care segment, primarily due to its direct alignment with the increasing emphasis on holistic well-being and beauty. Consumers are increasingly seeking comprehensive solutions for skin health, making nutricosmetics an appealing option by addressing skin concerns at a foundational level. The dominance of Powder and Liquid forms in nutricosmetics is notable, driven by their inherent versatility and consumer preferences. These forms offer convenient consumption and easy integration into daily routines, thereby enhancing user compliance. Additionally, they facilitate efficient nutrient absorption, leading to more noticeable results for consumers.

The market's growth is supported by several drivers. Firstly, there's a rising trend of ingestible beauty products, which directly contribute to market expansion. Ingestible beauty and skin care products are formulated to have a positive impact on hair, skin, and nails, containing active ingredients such as collagen, vitamins, minerals, carotenoids, co-enzymes, biotins, niacinamide, amino acids, and antioxidants. Furthermore, the popularity of nutricosmetics among Millennials and Gen Z is significant, signifying a shift in consumer preferences towards integrated solutions that address both external aesthetics and inner health.

Another driver is the growing wellness and beauty trend among consumers globally. This trend is fueled by increased awareness of the interrelation between dietary habits, skin care practices, and overall well-being. As a result, nutricosmetics manufacturers are finding a fertile ground for growth and innovation.

However, the market faces restraints in the form of stringent government regulations and product guidelines. The nutraceuticals market is subject to complex regulatory frameworks that vary across countries and regions. Compliance with these regulations demands significant resources and expertise from manufacturers, adding a layer of challenge to market operations.

According to the latest estimates, the global nutricosmetics market is set to achieve an incremental growth of USD 5.4 billion, accelerating at a CAGR of almost 7.8% during the forecast period 2024-2030.

This comprehensive industry report provides market estimates and forecasts, accompanied by a detailed examination of the product type, form, distribution channel, and region aspects. It delivers a quantitative analysis of the market, empowering stakeholders to leverage existing market opportunities. Furthermore, the report identifies key segments for potential opportunities and strategies, drawing insights from market trends and the approaches of leading competitors.

The global nutricosmetics market has been extensively analyzed by categorizing it according to various sub-segments in order to provide accurate forecasts of industry size and assess trends within specific areas.

The global market for nutricosmetics can be segmented by product type: hair care, nail care, skin care. According to the research, the skin care segment had the largest share in the global nutricosmetics market, representing more than 56.8% of the total market.

Nutricosmetics market is further segmented by form: gummies and soft chews, powder and liquid, tablets and capsules. In 2023, the powder and liquid segment made up the largest share of revenue generated by the nutricosmetics market, representing more than 45.6% of the total market.

Based on distribution channel, the nutricosmetics market is segmented into: drug stores, online , specialty stores, supermarket and hypermarket, others. Supermarket and hypermarket held the highest share in the global nutricosmetics market. However, the online segment is forecast to register the highest CAGR during the forecast period 2024 - 2030.

On the basis of region, the nutricosmetics market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. Asia-Pacific held the largest share in the global nutricosmetics market, accounting for 48.6% of the market in 2023. Moreover, the region is anticipated to grow at the highest CAGR in the coming years.

The report also provides analysis of the key companies of the industry and their detailed company profiles including Amorepacific Corporation, Amway Corporation, Avon Products, Inc., Beiersdorf AG, GNC Holdings, LLC, Groupe HAVEA (Biocyte), Haleon plc, Herbalife Nutrition Ltd., Johnson & Johnson, Kracie, Ltd., Lion Corporation, L'Oréal S.A., Maruha Nichiro Corporation, Mary Kay Inc., Murad LLC (Unilever PLC), Nu Skin Enterprises, Inc., Oriflame Cosmetics AG, Pfizer Inc., Sappe Public Company Limited, Shiseido Company Limited, Suntory Holdings Ltd., The Estée Lauder Companies Inc., The Kirin Holdings Company, Limited, Vector Consumer Ltd., Vitabiotics Ltd., VLCC Health Care Limited, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Market Segments Covered in Global Nutricosmetics Industry Analysis:

i.) Product type

• Hair care
• Nail care
• Skin care

ii.) Form

• Gummies and soft chews
• Powder and liquid
• Tablets and capsules

iii.) Distribution channel

• Drug stores
• Online
• Specialty stores
• Supermarket and hypermarket
• Others

iv.) Region

• North America
• Europe
• Asia-Pacific
• MEA (Middle East and Africa)
• Latin America