Nutricosmetics Market Set to Soar to US$ 8.2 Billion by 2033

In North America, the United States leads the nutricosmetics market as the prime contender, driven primarily by its robust disposable income levels and an increasing awareness among individuals regarding the adverse effects associated with synthetic products. Moreover, the United States' high prevalence of nutrient deficiencies is propelling a growing adoption of nutricosmetic products.

The global nutricosmetics market is on the cusp of substantial expansion, with projections suggesting a climb from its 2023 valuation of $5 billion to a remarkable $8.2 billion by the conclusion of 2033. This growth is expected to maintain a steady Compound Annual Growth Rate (CAGR) of 5%. Nutricosmetics, designed to provide nutritional support for skin, hair, and nail care, are crafted from natural ingredients, including plant extracts, fruits, oils, and seeds. Additionally, components such as coenzyme Q10, fruit extracts, and green tea are commonly harnessed in the creation of these beneficial beauty and wellness products.

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Key Takeaways:

·         The Europe nutricosmetics market is anticipated to have a 40% share in the global market in 2022.

·         Japan is expected to be the dominant nutricosmetics market in the Asia Pacific region during the forecast period.

·         The U.S. is predicted to dominate the North America nutricosmetics market from 2023 – 2033.

·         Skin care nutricosmetics are predicted to have a 50% market share by primary function segment.


Competitive Landscape:

Key nutricosmetic manufacturers are providing smallersized product versions in compact packs due to the growing working population and individuals' hectic lifestyles. Top producers of nutricosmetics are constantly releasing new product lines to meet the burgeoning demand, which is expected to significantly fuel market expansion.

For instance,

In 2020, SDIN launched SunISDIN Softgel capsules, which are a combination of vitamins, antioxidants, and essential minerals. Additionally, these capsules help fight photoaging, impede oxidative stress, and in keeping the skin healthy.
A series of mixin powdered supplements were introduced by Viviscal that are specially prepared with biotin and marine collagen to improve the health of both men's and women's hair.

Key Companies Profiled:

·         Nutrikosm

·         Shiseido Co. Ltd.

·         Amway

·         GNC Holdings Inc.

·         KORA ORGANICS

·         Fit & Glow Healthcare Private Limited

·         Herbalife Nutrition Ltd

·         Blackmores Limited

·         PurpleRock UTA Opco LLC

·         GlaxoSmithKline PLC

·         Suntory Holdings Limited

·         Robinson Pharma Inc.

·         Ashland Inc.

·         Vitabiotics Company

Key Segments of Nutricosmetics Industry Research:

·         By Product :

o    Supplements

o    Beauty Beverages/Drinks

·         By Ingredient :

o    Carotenoids

o    Vitamins

o    Omega 3 Fatty Acids

o    Others

·         By Primary Function :

o    Skin Care

o    Hair and Nail Care

o    Weight Management

o    Multifunctional

·         By Distribution Channel :

o    Modern Trade

o    Health and Beauty Stores

o    Specialty Stores

o    Pharmacy Stores

o    e-Commerce

·         By Region :

o    North America

o    Europe

o    Asia Pacific

o    Latin America

o    Middle East & Africa

 

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Key Questions Covered in the Nutricosmetics Market Report

·         At what CAGR is the market for nutricosmetics expected to progress?

·         Which factors are mainly boosting nutricosmetics sales?

·         Which region accounts for the largest share of the global nutricosmetics market?

·         Who are the top vendors of nutricosmetics across the globe?

 

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