Wilmington, Delaware, United States, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In 2021, the size of the global nutricosmetics market stood at US$ 4.45 Bn. It is anticipated that the global market will progress 7.7% CAGR during the forecast period, from 2022 to 2031. By 2031, the global nutricosmetics market is predicted to touch value of US$ 9.81 Bn. Due to increasing knowledge regarding the advantages of nutricosmetics for nails, hair, and skin, the global nutricosmetics market is estimated to expand rapidly. As a marketing strategy for nutricosmetics, leading companies in the global nutricosmetics market often use product development in the beauty industry coupled with partnerships with medium-sized businesses. Such moves also help to strengthen global presence of nutricosmetics company.
Utilizing advanced formulae and technology, firms in the global nutricosmetics market are constantly creating various types of nutricosmetics with natural components. The development of the industry is also being helped by the rise in consumers' discretionary income in various nations.
Growing usage of products like nutricosmetic tablets, nutricosmetics collagen, nutricosmetic capsules, nutricosmetic gummies, and nutricosmetic powders is anticipated to shape contours of the global nutricosmetics market during the forecast period. Nutraceuticals known as "neurocosmetics" comprise nutricosmetics ingredients that supplement nutrition to promote the health of the nails, hair, and skin.
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Key Findings of Market Report
- Due to growing awareness about the natural components used in beauty products, consumers all around the world are investing more on different types of nutricosmetics items. People are more likely to purchase nutricosmetic items as a result of having more disposable income, which is anticipated to propel the global nutricosmetics market.
- As a substitute to conventional cosmetics that are full of chemicals, people are opting for nutricosmetics products. Such chemical-based treatments are typically more abrasive to the skin and can have a number of negative side-effects. Natural products don't have these side effects and also are kinder to the skin. As such, customers throughout the world are increasingly favoring organic cosmetics.
- The global nutricosmetics market is expected to be driven by consumers' higher spending power on products that can improve their nails, hair, and skin using natural and active ingredients. Individuals are shelling out more for skincare products, as seen by the success and expansion of well-known nutricosmetics businesses, whose goods are usually costly.
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Global Nutricosmetics Market: Growth Drivers
- Based on primary function, in 2021, the skin care category accounted for a significant portion of the global nutricosmetics market. The segment is anticipated to continue to hold the top spot during the forecast timeline. The category is predicted to grow due to the rapid expansion of the aging populace.
- Asia Pacific is anticipated to account for a sizable portion of the global nutricosmetics market over the forecast timeline. The nutricosmetics industry in Asia Pacific is predicted to be dominated by nations like South Korea, Japan, and China. The purchasing habits of consumers within those nations are strongly influenced by cultural and regional factors. The expansion of the Asia Pacific nutricosmetics market is anticipated to be aided by rising disposable income in India.
Global Nutricosmetics Market: Key Competitors
- GliSODin Skin Nutrients
- Herbalife Nutrition Ltd.
- Blackmores Limited
- BASF SE
- Beiersdorf AG
- Amway Corp.
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Global Nutricosmetics Market: Segmentation
Product Type
- Supplements
- Beauty Beverages/Drinks
Primary Function
- Skin Care
- Hair and Nail Care
- Weight Management
Price
- Low (Up to 50$)
- Medium (50$-100$)
- High (Above 100$)
Distribution Channel
- Online
- Offline
Consumer Goods Research Reports
Organic Personal Care Market - The global organic personal care market is expected to reach US$ 31.4 Bn by the end of 2031, grow at a CAGR of 9.3% from 2022 to 2031
Nail Care Market - The global nail care market is expected to reach US$ 23.1 Bn by the end of 2031, grow at a CAGR of 8.0% from 2022 to 2031
Fragrance Wax Melts Market - The global fragrance wax melts market is expected to reach US$ 3.42 Bn by the end of 2031, grow at a CAGR of 6.1% from 2022 to 2031
Sheet Face Mask Market - Sheet Face Mask Market is expected to reach US$ 713.8 Mn by the end of 2031, It is estimated to grow at a CAGR of 8.5% from 2022 to 2031.
Skin Care Products Market- Skin care products market is expected to reach the value of US$ 269.2 Bn by the end of 2031
Spas and Beauty Salons Market- Spas and Beauty Salons Market is expected to surpass the value of US$ 244.52 Bn by the end of 2031
Facial Care Market- Asia-Pacific Facial Care Market is expected to reach the value of US$ 88.4 Bn by the end of 2031
Cosmetic Skin Care Market- Cosmetic Skin Care Market is expected to reach US$ 154.7 Bn by the end of 2031
Hair Care Products Market- Hair Care Products Market is expected to cross the value of US$ 72 Bn by the end of 2031
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