The global demand for Nutracosmetic Market is presumed to reach the market size of nearly USD 8.25 MN by 2028 from USD 4.6 MN in 2021 with a CAGR of 8.7% under the study period 2022 - 2028.
The nutricosmetics are nutritional products available on the market, meant to support the structure and functionality of the skin. They are sometimes known as beauty foods and can satisfy the growing desire for practical, proactive methods of remaining youthful for a longer period. These cosmetics and beauty products incorporate components from nutritional supplements, functional foods, and cosmetics.
Market Dynamics
The most important factor driving the global nutricosmetics market is the growing popularity of the products among older people. Demand for nutricosmetics is also fueled by the rapidly ageing population base and rising health and wellness consciousness. Nutritional cosmetics are now an essential part of people's daily lifestyles. Additionally, one of the main factors influencing the usage of nutricosmetics on the international market is the rise in consciousness about both internal and exterior attractiveness. The desire for herbal and natural skin care products and the high adoption rate by men in their daily routines are driving the growth of the global nutricosmetic market. Increased competition and higher prices for nutricosmetic products are expected to challenge the market for nutricosmetic ingredients. Regardless, the desire to maintain healthy, youthful skin and the development in social media knowledge of these products and their advantages also present potential in the upcoming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of nutracosmetic. The growth and trends of nutracosmetic industry provide a holistic approach to this study.
Market Segmentation
This section of the nutracosmetic market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Skin Care
- Hair Care
- Nail Care
By Demographic
By Ingredient
- Carotenoids
- Probiotics
- Vitamins
- Others
By Distribution Channel
- Hypermarket And Supermarket
- Specialty Stores
- Pharmacies And Drug Stores
- Online Sales Channel
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Nutracosmetic market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Nutracosmetic Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the nutracosmetic market include BASF SE, Amway, GlaxoSmithKline PLC, Herbalife nutition ltd, GNC Holdings, LLC, Shiseido Company, Limited, Pfizer, KORA ORGANICS, SUNTORY HOLDINGS LIMITED, Blackmores Limited. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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