Nutricosmetics

Nutricosmetics

Global Nutricosmetics Market to Reach US$5.1 Billion by 2030

The global market for Nutricosmetics estimated at US$4.2 Billion in the year 2023, is expected to reach US$5.1 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2023-2030. Skin Care Function, one of the segments analyzed in the report, is expected to record a 3.2% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Hair & Nail Care Function segment is estimated at 2.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.2 Billion While China is Forecast to Grow at 4.9% CAGR

The Nutricosmetics market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.0 Billion by the year 2030 trailing a CAGR of 4.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.5% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.

Nutricosmetics - Key Trends and Drivers

Nutricosmetics, an innovative fusion of nutrition and cosmetics, represent a rapidly expanding segment within the beauty and wellness industry. These products, which typically come in the form of supplements, functional foods, and beverages, are designed to enhance beauty from within by providing essential nutrients that support the health of the skin, hair, and nails. The concept is rooted in nutrigenomics, a field that examines the interaction between nutrition and genes, to develop formulations that target specific beauty concerns such as aging, dryness, and inflammation. Common ingredients found in nutricosmetics include vitamins, minerals, antioxidants, collagen, and probiotics, all selected for their scientifically-backed benefits. The increasing consumer awareness of the intrinsic link between diet and beauty is driving a growing interest in these products, as more individuals seek holistic approaches to their skincare regimens.

Several trends are currently shaping the nutricosmetics landscape, reflecting the rising consumer demand for effective, science-backed solutions. One significant trend is the surging popularity of collagen supplements, renowned for their ability to improve skin elasticity, hydration, and overall appearance. Collagen peptides and hydrolyzed collagen are particularly favored for their superior absorption and efficacy. Additionally, there is a growing demand for plant-based and vegan nutricosmetics, driven by a broader shift towards sustainable and ethical consumerism. Innovations in delivery mechanisms, such as gummies, effervescent tablets, and powders, are making these products more convenient and appealing to a wider range of consumers. Furthermore, the integration of personalized nutrition, fueled by advances in genetic testing and digital health technologies, is enabling the creation of tailored nutricosmetic solutions that cater to individual needs and preferences. The global trend towards preventative health is also encouraging consumers to incorporate nutricosmetics into their daily beauty routines to maintain youthful and healthy skin over the long term.

The growth in the nutricosmetics market is driven by several factors. Technological advancements in ingredient extraction and formulation are enhancing the efficacy and bioavailability of active compounds, making products more effective. For instance, the development of advanced delivery systems, such as liposomal encapsulation and nanoemulsion, ensures that nutrients are better absorbed by the body. The aging population, with a strong desire to maintain a youthful appearance, is significantly boosting demand for anti-aging nutricosmetics. Increasing disposable incomes, particularly in emerging markets, are enabling more consumers to invest in premium beauty supplements. The rise of e-commerce and social media is playing a crucial role in market expansion, as these platforms provide easy access to products and allow for effective marketing and consumer education. Influencers and celebrities are leveraging their platforms to endorse nutricosmetics, further driving consumer interest and adoption. Additionally, the growing body of scientific evidence supporting the benefits of nutricosmetics is building consumer trust and driving adoption. Finally, the wellness trend, which emphasizes holistic health and self-care, is propelling the integration of nutricosmetics into daily beauty and wellness routines. These factors collectively foster a robust growth trajectory for the nutricosmetics market, making it a key area of focus for both consumers and industry players.

Select Competitors (Total 18 Featured) -

• BASF SE
• Frutarom Industries Ltd.
• Frutels LLC
• Functionalab
• GliSODin Skin Nutrients
• Innéov
• Lonza Group Ltd.
• LycoRed Ltd.
• Nutrilo GmbH
• NV Perricone LLC (Perricone MD)
• Pfizer Consumer Healthcare Limited
• Royal DSM N.V.
• Shiseido Co. Ltd.
• Solgar Inc.
• Unipharm Inc.
• Vemedia
• Vitabiotics Ltd.

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