Nutricosmetics Market Size By Product Type (Tablets and Capsules, Powder and Liquid, Gummies and Soft Chews), By Ingredient (Carotenoids, Vitamins, Omega-3 Fatty Acids), By Application (Skin care, Hair Care, Nail Care, Weight Management), By Distribution

Nutricosmetics Market Size By Product Type (Tablets and Capsules, Powder and Liquid, Gummies and Soft Chews), By Ingredient (Carotenoids, Vitamins, Omega-3 Fatty Acids), By Application (Skin care, Hair Care, Nail Care, Weight Management), By Distribution Channel (Supermarkets/Hypermarkets, Online Pharmacies, Retail Pharmacies, Specialty Stores), Industry Analysis Report, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The global nutricosmetics market is anticipated to grow at an exponential rate through 2030, owing to the rising adoption of skin and hair care regimens among young women due to growing incidences of skin disorders.

From a competitive viewpoint, the emergence of nutricosmetics has led to new companies entering the market that are overtaking existing firms. Since hair and skin issues have become increasingly common over time, targeted cosmetic solutions have seen an upsurge in demand. Millennials are also more interested in the beauty-from-within strategy as a result of these situations since it successfully integrates both health and beauty.

The nutricosmetics market has been bifurcated in terms of ingredient, product type, application, distribution channel, and region.

With respect to ingredients, the industry has been classified into carotenoids, vitamins, omega-3 fatty acids, and others. The others segment, consisting of chondroitin-enzyme Q10, beta-carotene probiotics, sterol esters, lutein, lycopene, soy isoflavone proteins, and so on, is slated to exceed a valuation of $5,202.7 million by the end of 2030.

In terms of application, the nutricosmetics market has been segmented into skin care, hair care, nail care, weight management, and others. The skin care segment, in 2021, surpassed $2,983.0 million in revenue and is projected to register a steady growth rate over the review timeline owing to increasing demand for nutritional products for anti-aging skincare, as well as growing customer preferences for cellulite reduction, sun protection products, and skin tightening & brightening. Meanwhile, the others segment, which includes heart and digestive health, is set to reach a valuation of nearly $2,116.6 million by 2030.

Based on distribution channel, the nutricosmetics market has been fragmented into online pharmacies, supermarkets/hypermarkets, specialty store, retail pharmacies, and others. The others segment, which includes direct marketing and tenders, is expected to garner a valuation of about $3,302.5 million by the end of the review timeframe.

The supermarkets/hypermarkets segment captured approximately 15.3% market share in 2021 and is poised to garner a substantial growth rate through the forecast period as they are a more convenient and time-saving option for consumers. In addition, supermarkets are much less expensive compared to local shops.

On the regional front, the Middle East & Africa nutricosmetics market recorded a valuation of around $290 million in 2021 and is estimated to grow considerably through the assessment timeline on account of mounting awareness associated with the benefits of nutricosmetics as well as shifting consumer preference toward natural products. Furthermore, the Latin America nutricosmetics sector is projected to showcase a robust CAGR of nearly 7.4% through 2030 driven by soaring interest of customers in fitness, healthier lifestyle, and personal wellbeing.