Global Nutricosmetic Market Size, Trends & Growth Opportunity, By Product Type, By Primary Function, By Distribution Channel, By Ingredients, By Region and forecast till 2027.
Global Nutricosmetic Market
Global Nutricosmetic Market was valued at USD 3976.32 million in 2021 and would rocket up to USD 8,571.5 million by 2027 progressing at a CAGR of 7.35% from 2022-2027.
Nutricosmetic defined as “the combination of nutrients used in the production of cosmetic to support & maintain the function & structure of the skin. Number of micronutrients such as vitamin A, E & C, are well-known anti-oxidants help to reduce the effect of free radicals on the skin and have important functions such as production of collagen, protecting the skin damage from Ultraviolet (UV) light exposure and others. Nutricosmetic has implementation in beauty and health management sector. They are often known as suitable solution and support for beauty amplification without having any ill effects on the user’s health.
Market Drivers
The continuous rise in concern for personal care and increasing awareness among consumers regarding the reaction of artificial and chemical cosmetic ingredients on their health are fundamental factors driving the the Global Nutricosmetic Market. Moreover, with rising population, changing lifestyle and rising disposable income along flow in customers awareness regarding pre-mature skin aging are the major elements anticipated to boost the market growth. Additionally, growing concern among users regarding ingredients and products utilized by them are likely to boost the Global Nutricosmetic Market. Nutricosmetic also impart a holistic beauty regime for skin, nails & hair along with healthcare for consumers, are further anticipated to drive the growth of The Global Nutricosmetic Market.
Market Restraints
Absence of knowledge and advantages among people undeveloped economies are anticipated to hamper the growth of market. In the forecast period, the nutricosmetic market is anticipated to experience challenges owing to rising the concern about the product’s shelf life for better results.
Market Segmentation
The Global Nutricosmetic Market is segmented into Product Type, Primary Function, Distribution Channels, Ingredients. By Product Type such as Beauty Berages/ Drinks, Supplements, Tablets, Capsules, Powder,Liquid. By Primary Functions such as Skin Care, Sun Care, Anti-Aging, Radiance & Glow, Anti-acne/pimple, Hair & Nail Care, Weight Management, Multi-Functional. By Distribution Channels such as Modern Trade, Health and Beauty Stores, Specialty Stores, Pharmacy Stores, E-Commerce. By Ingredients such as Carotenoids, Vitamins, Nutricosmetics Fatty Acids, Others.
Regional Analysis
The Global Nutricosmetic Market is segmented into five regions North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. It is estimated that Europe will have CAGR of 10.5% by the end of 2030 for the market of Nutricosmetic. North America expected to influence the Nutricosmetic market regarding market share due to the raised awareness also altering life style and changing opinion towards healthier options for wellness and beauty. Asia Pacific region is anticipated to witness the speedy growth during the forecast period due to many products launches along with high acceptance rate.
Key Players
Various Key Players are listed in this report such as Pfizer Inc., Bayer AG ADR, Reckitt Benckiser Group plc., Otsuka Holdings Co. Ltd., Suntory Beverage & Food Ltd., Shiseido Co. Ltd., Koninklijke DSM NV, Beiersdorf AG, Lonza Group Ltd., Herbalife Nutrition Ltd.
Market Taxonomy
By Product Type
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