Nutricosmetics Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global nutricosmetics Market size is projected to reach a CAGR of 7.7% from 2023-2030.

Nutricosmetics are specialized products that are designed to aid health and beauty. Nutricosmetics are prepared with the incorporation of nutraceutical ingredients and have the potential to improve overall health. Orally deliverable nutricosmetics are gaining significant attention from consumers due to their efficacy to boost overall skin or hair health by providing nutrition from the inside.

The growth of the market can be attributed to various factors such as rising consumer awareness regarding skin and hair problems, increasing demand for nutricosmetics in developed nations, growing elderly population that will foster the market growth and awareness towards preventive health management practices.

On the other hand, the major factors hampering the growth of the market are lack of credibility in many products and low awareness among consumers about the benefits of nutricosmetics.

The beauty industry witnessed major disruptions in the initial months of the COVID-19 pandemic, with global sales experiencing a slump in 2020. However, the nutricosmetics sector remains resilient, owing to the increased awareness of personal health and well-being during the pandemic. Furthermore, the beauty industry is recovering gradually from the turmoil of 2020, which will provide opportunities for the nutricosmetics industry development over the forthcoming years.

Delvens Industry Expert's Standpoint

The nutricosmetics market is poised for significant growth in the coming years, driven by the increasing demand for natural and organic cosmetic products that promote beauty and wellness from within. Nutricosmetics combine the benefits of both nutrition and cosmetics, offering consumers a holistic approach to beauty and skincare.

The use of natural and organic ingredients in nutricosmetics is a key trend driving growth in the market, as consumers become more aware of the potentially harmful effects of synthetic chemicals in traditional cosmetics. Additionally, the growing focus on preventative health and wellness is leading consumers to seek out products that offer long-term benefits, such as improved skin health and anti-aging effects.

Market Portfolio

Key Findings

• Nutricosmetics are specialized products that are designed to aid health and beauty. Nutricosmetics are prepared with the incorporation of nutraceutical ingredients and have the potential to improve overall health. Orally deliverable nutricosmetics are gaining significant attention from consumers due to their efficacy to boost overall skin or hair health by providing nutrition from the inside.
   
• The growth of the market can be attributed to various factors such as rising consumer awareness regarding skin and hair problems, increasing demand for nutricosmetics in developed nations, and the growing elderly population will foster the market growth and awareness towards preventive health management practices.
   
• The market is also segmented into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Europe currently enjoys the major Nutri cosmetics market share and is expected to continue its dominance during the forecast years, owing to higher penetration of nutricosmetics products in the European market, along with rising product launches in prominent countries of the region. The rising elderly population in Europe is another prominent reason which is expected to boost the nutricosmetic market of the region.
   
• The beauty industry witnessed major disruptions in the initial months of the COVID-19 pandemic, with global sales experiencing a slump in 2020. However, the nutricosmetics sector remains resilient, owing to the increased awareness of personal health and well-being during the pandemic. Furthermore, the beauty industry is recovering gradually from the turmoil of 2020, which will provide opportunities for the nutricosmetics industry development over the forthcoming years.

Regional Analysis

Europe to Dominate the Market

• Europe currently enjoys the major Nutri cosmetics market share and is expected to continue its dominance during the forecast years, owing to higher penetration of nutricosmetics products in the European market, along with rising product launches in prominent countries of the region.
   
• The rising elderly population in Europe is another prominent reason which is expected to boost the nutricosmetic market of the region.

Competitive Landscape

• Herbalife International Inc,
• FIT & GLOW HEALTH CARE PVT LTD
• GLISODIN SKIN NUTRIENTS
• BASF
• Functionalab
• Activ'Inside
• Amway
• Blackmores Limited
• Beiersdorf AG
• REVIDERM AG

Recent Developments

• In August 2022, Amway committed to a second-round investment with Holzapfel Effective Microbes (HEM), a company that supports people with incurable diseases related to microbiome dysfunction. HEM uses Personalized Pharmaceutical Meta-Analytical Screening (PMAS) to determine how gut microbiota can be leveraged to impact human health and wellness. This investment is the continuation of a partnership that began in 2020 as a way to develop personalized probiotics with the goal of supporting wellness through health benefits that stem from gut health.
   
• In April 2022, Nykaa bought a 60% share in Nudge Wellness, marking Nykaa's entry into the nutricosmetics business. Nykaa is an Indian e-commerce company selling beauty, wellness, and fashion products.
   
• In August 2021, Herbalife Nutrition announced the launch of its multi-ingredient beauty supplement "Herbalife SKIN LycoGlow", based on Lycored Nutrient Complex, a tomato extract procured from an Israeli firm Lycored. The new supplement is heavy on lycopene and other carotenoids found in the fruit.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for Nutricosmetics Market so as to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope