The latest report by IMARC Group, titled “Nutricosmetics Market Report by Ingredient (Carotenoids, Omega-3, Vitamins, and Others), Product (Skin Care, Hair Care, Weight Management, and Others), Distribution Channel (Drug Stores/Pharmacies, Supermarkets and Hypermarkets, Specialist Stores, Online Stores, and Others), and Region 2024-2032“, The global nutricosmetics market size reached US$ 7.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2032, exhibiting a growth rate (CAGR) of 5.9% during 2024-2032.
Factors Affecting the Growth of the Nutricosmetics Industry:
- Consumer Awareness and Lifestyle Shifts:
The growth of the nutricosmetics industry is significantly influenced by a heightened consumer awareness regarding the interconnection between diet and skin health. As people increasingly seek holistic approaches to healthcare, there is a growing preference for nutricosmetics that offer beauty benefits alongside health benefits. Lifestyle shifts toward preventive healthcare, coupled with a rising inclination toward natural and organic ingredients, are pushing consumers to choose nutricosmetics as part of their daily regimen. This trend is supported by the broader wellness movement, where individuals are proactive about their health and appearance, favoring products that deliver long-term, sustainable results over quick fixes.
- Innovations and Technological Advancements:
The sector is witnessing rapid innovations, with companies investing in research and development to create advanced, science-backed products that offer enhanced bioavailability and efficacy. Technological advancements in extraction and formulation techniques enable the development of high-quality nutricosmetics that effectively deliver active ingredients. These innovations cater to the growing consumer demand for products that are effective and safe and backed by scientific evidence. The introduction of personalized nutricosmetics, utilizing genetic testing and AI to tailor products to individual needs, is a notable trend that is expected to further propel the growth of the industry, offering consumers highly customized and effective beauty solutions.
- Market Expansion and Globalization:
The nutricosmetics industry is benefiting from its expanding global footprint, as emerging markets present new opportunities for growth. The increasing global middle-class population, with more disposable income and an inclination toward premium beauty and wellness products, is a significant factor driving the expansion of the industry. Furthermore, globalization has facilitated easier access to diverse markets, enabling brands to reach a wider audience and cater to varying consumer preferences across different regions. As the industry taps into these new markets, it is adapting to cultural nuances and regional trends, ensuring a broad appeal of nutricosmetics products worldwide. This global reach is instrumental in the overall growth of the industry, as it continues to innovate and adapt to meet the evolving demands of a diverse global consumer base.
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Competitive Landscape with Key Player:
- Amway
- BASF SE
- Bayer AG
- Beiersdorf (Maxingvest AG)
- Blackmores Ltd.
- Herbalife Nutrition Ltd.
- Otsuka Holdings Co. Ltd.
- Pfizer Inc.
- Reckitt Benckiser
- Suntory Holdings Limited (Kotobuki Realty Co. Ltd.)
- Unilever
The report has segmented the market into the following categories:
Breakup by Ingredient:
- Carotenoids
- Omega-3
- Vitamins
- Others
Carotenoids dominate the market due to their potent antioxidant properties, which are highly effective in protecting the skin from oxidative damage and promoting a healthy complexion.
Breakup by Product:
- Skin Care
- Hair Care
- Weight Management
- Others
Skincare products account for the largest market share as consumers prioritize skin health and appearance, leading to high demand for products that offer benefits such as anti-aging, hydration, and improved skin elasticity from within.
Breakup by Distribution Channel:
- Drug Stores/Pharmacies
- Supermarkets and Hypermarkets
- Specialist Stores
- Online Stores
- Others
Based on the distribution channel, the market has been classified into drug stores/pharmacies, supermarkets and hypermarkets, specialist stores, online stores, and others.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe's dominance in the nutricosmetics market is attributed to the region's strong awareness and acceptance of the link between nutrition and skin health, along with high consumer demand for natural and organic beauty solutions.
Global Nutricosmetics Market Trends:
The global nutricosmetics market is flourishing, driven by trends that emphasize holistic health, beauty, and wellness. Consumers increasingly opt for nutricosmetics, which are nutritional supplements designed to support the skin, hair, and nails from within, marrying the benefits of nutrition and personal care. The rising popularity of natural and organic ingredients is steering the market, as individuals seek clean-label products that promise beauty benefits without synthetic additives. Innovations in product formulations that combine vitamins, minerals, antioxidants, and probiotics highlight the trend toward multifunctional nutricosmetics. Furthermore, the growing awareness of the gut-skin axis and the emphasis on sustainable, ethically sourced products are shaping consumer preferences, fueling the expansion of the market.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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