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Global Nutricosmetics Market Research Report:
The latest report by IMARC, titled “ Nutricosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 20232028
” " the global nutricosmetics market reached a value of US$ 6.9 Billion in 2022.
Nutricosmetics refer to products and ingredients that are taken orally to provide beauty benefits. These nutritional supplements are prepared by using amino acids, vitamins, minerals, botanical extracts and antioxidants to enhance the health and beauty of individuals without any side effects. Their consumption assists in absorbing nutrients and active ingredients into the bloodstream and circulating them throughout the body in an attempt to stimulate the natural production of essential molecules. As a result, they are widely consumed for maintaining healthy skin, protecting skin from environmental stressors and prevent aging.
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The global market is majorly driven by the growing requirement to improve physical appearance among the masses. The rising awareness regarding maintaining an aesthetic appearance due to the increasing proliferation of social media across the globe has boosted the sales of nutricosmetics. Moreover, the rising consciousness about the targeted and sustainable effects of nutricosmetics for improving the appearance of skin, hair and nails while enhancing overall health is providing an impetus to the market growth. The market is further driven by the widespread preference toward the adoption of anti-aging products from a younger age as a precautionary measure.
This has led individuals to invest in nutricosmetics that assist in maintaining youthful skin while providing nutrition to the body. Some of the other factors contributing to the market growth include rapid urbanization, inflating disposable income levels of the masses, the advent of smaller-sized product variants with convenient packaging and easy product availability through online and offline retail channels. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of 7% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Ingredient Insights:
• Carotenoids
• Omega-3
• Vitamins
• Others
Product Insights:
• Skin Care
• Hair Care
• Weight Management
• Others
Distribution Channel Insights:
• Drug Stores/Pharmacies
• Supermarkets and Hypermarkets
• Specialist Stores
• Online Stores
• Others
Regional Insights:
• 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
Competitive Landscape with Key Players:
• 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
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