The global market for Nutricosmetics is estimated at US$4.2 Billion in 2023 and is projected to reach US$5.1 Billion by 2030, growing at a CAGR of 2.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the nutricosmetics market is driven by several factors. Technological advancements in ingredient extraction and formulation are enhancing the efficacy and bioavailability of active compounds, making products more effective. For instance, the development of advanced delivery systems, such as liposomal encapsulation and nanoemulsion, ensures that nutrients are better absorbed by the body. The aging population, with a strong desire to maintain a youthful appearance, is significantly boosting demand for anti-aging nutricosmetics. Increasing disposable incomes, particularly in emerging markets, are enabling more consumers to invest in premium beauty supplements. The rise of e-commerce and social media is playing a crucial role in market expansion, as these platforms provide easy access to products and allow for effective marketing and consumer education. Influencers and celebrities are leveraging their platforms to endorse nutricosmetics, further driving consumer interest and adoption. Additionally, the growing body of scientific evidence supporting the benefits of nutricosmetics is building consumer trust and driving adoption. Finally, the wellness trend, which emphasizes holistic health and self-care, is propelling the integration of nutricosmetics into daily beauty and wellness routines. These factors collectively foster a robust growth trajectory for the nutricosmetics market, making it a key area of focus for both consumers and industry players.
The growth in the nutricosmetics market is driven by several factors. Technological advancements in ingredient extraction and formulation are enhancing the efficacy and bioavailability of active compounds, making products more effective. For instance, the development of advanced delivery systems, such as liposomal encapsulation and nanoemulsion, ensures that nutrients are better absorbed by the body. The aging population, with a strong desire to maintain a youthful appearance, is significantly boosting demand for anti-aging nutricosmetics. Increasing disposable incomes, particularly in emerging markets, are enabling more consumers to invest in premium beauty supplements. The rise of e-commerce and social media is playing a crucial role in market expansion, as these platforms provide easy access to products and allow for effective marketing and consumer education. Influencers and celebrities are leveraging their platforms to endorse nutricosmetics, further driving consumer interest and adoption. Additionally, the growing body of scientific evidence supporting the benefits of nutricosmetics is building consumer trust and driving adoption. Finally, the wellness trend, which emphasizes holistic health and self-care, is propelling the integration of nutricosmetics into daily beauty and wellness routines. These factors collectively foster a robust growth trajectory for the nutricosmetics market, making it a key area of focus for both consumers and industry players.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Skin Care Function segment, which is expected to reach US$2.7 Billion by 2030 with a CAGR of a 3.2%. The Hair & Nail Care Function segment is also set to grow at 2.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.2 Billion in 2023, and China, forecasted to grow at an impressive 4.9% CAGR to reach $1.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Nutricosmetics Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Nutricosmetics Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Nutricosmetics Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BASF SE, Frutarom Industries Ltd., Frutels LLC, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 18 Featured):
- BASF SE
- Frutarom Industries Ltd.
- Frutels LLC
- Functionalab
- GliSODin Skin Nutrients
- Innéov
- Lonza Group Ltd.
- LycoRed Ltd.
- Nutrilo GmbH
- NV Perricone LLC (Perricone MD)
- Pfizer Consumer Healthcare Limited
- Royal DSM N.V.
- Shiseido Co. Ltd.
- Solgar Inc.
- Unipharm Inc.
- Vemedia
- Vitabiotics Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Frutarom Industries Ltd.
- Frutels LLC
- Functionalab
- GliSODin Skin Nutrients
- Innéov
- Lonza Group Ltd.
- LycoRed Ltd.
- Nutrilo GmbH
- NV Perricone LLC (Perricone MD)
- Pfizer Consumer Healthcare Limited
- Royal DSM N.V.
- Shiseido Co. Ltd.
- Solgar Inc.
- Unipharm Inc.
- Vemedia
- Vitabiotics Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 261 |
| Published | July 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.2 Billion |
| Forecasted Market Value ( USD | $ 5.1 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
