Asia-Pacific Nutricosmetics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific Nutricosmetics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Asia-Pacific nutricosmetics market is forecasted to reach USD 2.4 billion by 2025 growing at a CAGR of 9.24% during the forecast period.

Key Highlights

• The Asia-Pacific nutricosmetics market is driven by increasing awareness and interest in new technology, media coverage, and consumer demand.
• The rising awareness of nutricosmetics and the huge population in China and India is expected to further boost the nutricosmetics market growth in the region.
• Increasing awareness on the links between food consumption and enhanced beauty has increased the demand for beauty food products, in turn, create demand for nutricosmetic products.
• The market has witnessed a rapid evolvement in both developed and developing countries in Asia-Pacific.

Key Market TrendsHigh Demand For Skin Care Products

Growing urbanisation, rising purchasing power and escalating ageing factor in the countries like Japan and China have been driving the market growth in the region. ‘Clean label’ is gaining traction in the market studied, due to healthy aging trends, worldwide. Rich antioxidants present in carotenoids, co-enzymes, and flavonoids help to hydrate the skin, reduce acne, dark circles, and skin wrinkles. Collagen-based nutricosmetics have stormed the retail shelf space in the recent past, due to the fair knowledge of consumers about their functionality, including anti-aging, revitalizes hair, skin elasticity, and hydration of the skin.

Japan is the Largest Market in the Region

According to the Japanese tradition, the development of nutricosmetics ingredients and finished products are based on scientific proofs and supported by demonstrated Japanese health requirements. Apart from FOSHU approved products, there are several non-FOSHU nutricosmetics products being marketed in Japan with at least off-label claims focused on health. In Asia-Pacific, and particularly in Japan, nutricosmetics, such as collagen are commonly found in foods and beverages including tea, cookies, chocolate, coffee, and water. The nutricosmetics market in Japan is a matured industry that features a wide assortment of products in various categories, including functional food and beverages, and nutritional and dietary supplements.

Competitive Landscape

Asia-Pacific has the highest number of new products in the functional beauty benefits area where drinks, yogurt, and soup are the primary categories. China is the largest consumer of nutricosmetics, followed by Japan. The key players in the market are Amway, Dabur India Ltd, Shiseido Cosmetics, FANCL International, Inc. and Jebsen Consumer Products Co.. Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Amway
Dabur India Ltd
Shiseido Cosmetics
FANCL International, Inc.
Jebsen Consumer Products Co.. Ltd.
Kanebo Cosmetics Inc.
DHC USA, Inc.
Daesang Group

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