Nutricosmetics Market Analysis And Forecast To 2031: By Product Type (Tablets and Capsules, Powder and Liquid, Gummies and Soft Chews), By Ingredient (Carotenoids, Vitamins, Omega-3 Fatty Acids, Others), By Applications (Skin Care, Hair Nutricosmetics Mar

Nutricosmetics Market Analysis And Forecast To 2031: By Product Type (Tablets and Capsules, Powder and Liquid, Gummies and Soft Chews), By Ingredient (Carotenoids, Vitamins, Omega-3 Fatty Acids, Others), By Applications (Skin Care, Hair Nutricosmetics Market Care, Nail Care, Weight Management, Others), By End-use (Supermarkets/Hypermarkets, Online Pharmacies, Retail Pharmacies, Specialty Store, Others) And Region

The global Nutricosmetics Market was valued at USD 6.5 billion in 2021 and it is anticipated to grow up to USD 17.0 billion by 2031, at a CAGR of 10.1% during the forecast period.

Nutricosmetics is a type of supplement that claims to improve the health and appearance of skin, hair, and nails. They are typically taken orally in the form of capsules, tablets, or powders, and sometimes topically as creams or serums. The most common ingredients in nutricosmetics are vitamins, minerals, antioxidants, and omega-3 fatty acids. Some products also contain botanical extracts, such as green tea or resveratrol.

Market Trends and Drivers

The rising incidence of these disorders will result in the flourishing demand for nutricosmetics ingredients and products to help keep nails and skin healthy. Hair and skin problems continue to assert a profound impact, predominantly among women. As per the Australian Journal of General Practice, FPHL (female pattern hair loss) is considered a major cause of female alopecia, affecting nearly 49% of women at some point in their lives. Likewise, the beauty-from-within strategy is emerging as a trend among millennials, considering its benefits such as nourishment, repair, growth, and increased hair volume. Consumers are also growing more inclined toward high-quality nutritious or natural products for preventive action against diseases. The acceptance of preventive health management practices will provide lucrative growth opportunities for the nutricosmetics market.

Market Restraints and Challenges

Lower awareness regarding the benefit of nutricosmetics especially among the rural global population is expected to restrict market growth. There are challenges that might prevent this industry from continuing to thrive despite the positive light that the various scientific studies have released on nutricosmetics. Nutricosmetic products lack clear regulations for promotion and categorization at the point where the food and cosmetics markets converge. A lack of a clear regulation allowing businesses to promote and inform about the benefits of their product can cause the nutricosmetic market to stagnate, which is one of the major challenges facing the industry. This is because consumers often lack knowledge about the ingredients and their benefits.

Global Nutricosmetics Market Segmental Overview

The report analyses the global Nutricosmetics Market based on product type, ingredient, application, distribution channel, and region.

Global Nutricosmetics Market by Product Type

Based on the product type, the nutricosmetics industry is bifurcated into gummies and soft chews, powder and liquid, and tablets and capsules. Of these, the tablets, and capsules segment registered revenue of around USD 2.72 billion in 2021. Consumers are increasingly relying on tablets, given their cost-effectiveness and high content of active ingredients, among other benefits, such as shelf-stability and ability to retain its potency for a longer period. Meanwhile, the ability of capsules to offer faster relief to symptoms, along with their higher bioavailability, will escalate the consumption of nutricosmetics in tablet and capsule forms.

Global Nutricosmetics Market by Ingredient

By process, the industry is divided into vitamins, carotenoids, omega-3 fatty acids, and others. Increasing health concerns have led to enhanced adoption of carotenoids in dietary supplements, contributing to overall nutricosmetics demand. The carotenoids segment of the nutricosmetics market is expected to grow at a rapid pace through 2030. The extensive use of carotenoids in cosmetics, foods, and pharmaceuticals is driving segment growth. This ingredient also provides exceptional health benefits due to high concentrations of lutein, beta-carotene, lycopene, astaxanthin, annatto, zeaxanthin, and canthaxanthin, such factors could strengthen the global market growth

Global Nutricosmetics Market by Application

Based on applications, the nutricosmetics industry is categorized weight management, nail care, skincare, hair care, and others. The hair care segment accounted for lucrative market share in 2021. This is owing to the Increased use of hard water for hair washing, as well as an increase in hair-related issues. Several factors, including air pollution, extreme climatic conditions, and the use of hard water, are contributing to an increase in hair-related problems. To reduce hair damage, consumers are increasingly turning to nutricosmetic supplements, such as biotin, for hair care applications.

Global Nutricosmetics Market by Distribution Channel

Based on the distribution channel, the industry is categorized into supermarkets/hypermarkets, online pharmacies, specialty stores, retail pharmacies, and others. Among these, the specialty store segment is expected to depict significant CAGR from 2022 to 2030. Specialty stores are also emerging as a significant market segment, owing to their ability to cater to niche markets and focus on curating specialised ranges of high-quality products. In addition to improving staff knowledge of specific product categories, such factors will increase nutricosmetics industry demand from specialty stores.

Geographical Analysis of Global Nutricosmetics Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Europe nutricosmetics market captured significant market share in 2021 and is poised to grow substantially during the forthcoming years. The industry will see commendable growth in Spain, the United Kingdom, Germany, Italy, France, and other European countries, owing to the growing elderly population and robust demand for anti-aging products. The development of the regional market will also be accelerated by strong consumer demand and the implementation of favorable regulations.

Major Players in the Global Nutricosmetics Market

The key players in the market

COVID-19 Impact

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 wellbeing 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. Consumers of all ages, genders, and backgrounds are decreasingly putting in the work to learn further about their health and see beauty and well-being as more nearly connected. Together, these trends inform a set of top-of-mind values when shopping for products that help people look and feel good, similar to nutricosmetics. This has also bolstered interest in factory-grounded, clean marker results that benefit consumers' appearance.

Recent Developments

• In April 2022, Beiersdorf introduces limited edition Nivea Men Climate Care
• In October 2021, Nexira launched a new line of botanical extracts and organic components for the nutricosmetics sector under the NutriBeauty range. This product launch helped the company to optimize its business revenue and geographical presence.
• In October 2021, Seppic launches nutricosmetic active ingredient for glowing skin
• In June 2020, Amway launched TRUVIVITY OxiBeauty Nutricosmetic Food Supplement to enhance skin's natural glow
• In June 2019, Amway Corporation launched Truvivity Oxibeauty nutricosmetic food supplement that will enhance the skin's natural glow.
• In February 2019, Grupo Cantabria Labs opened a new subsidiary in Mexico as a part of its strategy to intensify and boost its international presence.

Frequently Asked QuestionsQ1. How big is the Nutricosmetics Market?Ans. The global Nutricosmetics Market size was USD 6.5 billion in 2021 and is anticipated to reach USD 17.0 billion in 2031, growing at a rate of 10.1% from 2022 to 2031.Q2. What is the Nutricosmetics Market growth rate?Ans. The growth rate of the Nutricosmetics Market is 10.1%.Q3. Which region holds a major market share for the market?Ans. North America holds a major market share of the Nutricosmetics Market in 2021.Q4. Which segment accounted for the largest Nutricosmetics Market share?Ans. By distribution channel, the specialty store segment accounted for the largest Nutricosmetics Market share.Q5. Who are the key players in the Nutricosmetics Market?Ans. The global Nutricosmetics Market report includes players such as Q6. What are the factors driving the Nutricosmetics Market growth?Ans. The major factors driving the growth of the market are awareness towards preventive health management practices.Q7. What are the key growth strategies of Nutricosmetics Market players?Ans. The key growth strategies of Nutricosmetics Market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Nutricosmetics Market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Nutricosmetics Market during the forecast period.

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