What is Nutricosmetic Market?
Nutricosmetics are oral-based nutritionary supplements for beauty and skin health. The Nutricosmetics market is primarily driven by the growth and consumer awareness in personal grooming coupled with the busy lifestyle of the growing urban population. Nutricosmetics are health products that are principally used for the treatment of hair, nail, skin defects, sun protection, and photoaging. Photoaging is aging principally caused due to exposure to ultraviolet (UV) light that causes brown spots and deep wrinkles. Antioxidants like E and C, green tea polyphenols, beta carotene, supplements containing polypodium leucotomos, an extract of a Central American fern plant, and synergistic antioxidants have the ability to reduce sun harm. alternative micronutrients like carotenes, flavonoids, and polyunsaturated fatty acid fatty acids conjointly give protection from ultraviolet illumination exposure and reduce the aging of skin and wrinkle formation. A number of the key drivers to fuel the nutricosmetics market are rising retail retailers across the world, the rising quality of ready-to-drink nutricosmetics beverages, preference for effective and safe beauty solutions boost the sales of cosmetics supplements, and growing consumer awareness toward the prevention of pre-mature skin aging alongside others.
The market study is being classified by Type (Tablets and Capsules, Powder and Liquid and Gummies and Soft Chews), by Application (Personal Care, Health Care and Others) and major geographies with country level break-up.
BASF SE (Germany), ExcelVite Sdn. Bhd (Malaysia), Frutarom Industries Ltd (Israel), Frutels LLC (United States), Functionalab (Canada), GliSODin Skin Nutrients (Canada), Inne’ov (France), Lonza Group Ltd (Switzerland), LycoRed Ltd (Israel), Nutrilo (Germany), Pfizer Consumer Healthcare Limited (United States), Royal DSM N.V (Netherlands) and Shiseido Co. Ltd (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Solgar Inc (United States), Unipharma. Inc (United States), Vemedia (Netherlands) and Vitabiotics Ltd (United Kingdom).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Nutricosmetic market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Nutricosmetic market by Type, Application and Region.
On the basis of geography, the market of Nutricosmetic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Focus on Healthy Aging 30
- Entry of Food and Beverage and The Nutraceutical Manufacturers in The Beauty Industry
- Innovative Products Drive Sales of The Nutricosmetics
Market Trend
- Growing Popularity of Natural and Organic Skin Care Products
Restraints
- Stringent Regulatory Mechanism for Beauty Products
Opportunities
- Rapid Innovation and Technological Advancements
Challenges
- Maintaining the Authenticity and The Integrity of The Products
In October 2020, Herbalife Nutrition expanded its nutricosmetics market in Malaysia and has additionally launched its skin supplement vary of scleroprotein powder within the Malaysian market. and In April 2019, GNC featured a first-ever-beauty end-cap show in each of its 6,000 stores. The brands that will be displayed on the end-cap embrace GNC Hair, Skin & Nails, Body kitchen, Neocell, and ResVitale. the corporate would invest in brands like Body kitchen and Earth Genius that operate below beauty ingestible brands.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Nutricosmetic, Venture Capitalists and Private Equity Firms and End-Use Industry