Asia Pacific Nutricosmetics Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCPG2984 | Last Updated On: Jun 22 2022 | Available Formats

> Asia Pacific Nutricosmetics Market Expected to reach a high CAGR of 9% during the forecast period 2022-2029: DataM Intelligence

Asia Pacific Nutricosmetics Market is segmented By Type (Supplements (Pills, Capsules, and Others), Functional Food and Beverages (Drinks, Bars, Yogurt and Others)), By Ingredient (Supermarkets/Hypermarkets, Carotenoids, Omega-3 Fatty Acids, Collagen Peptides, Probiotics & Others), By Application (Skin Care, Hair Care, Nail Care), By Distribution Channel (Supermarkets and Hypermarkets, Pharmacy Stores, Specialty Stores, Online Sales), and By Region (China, India, Japan, Australia, Rest of Asia Pacific) Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

The Asia Pacific Nutricosmetics Market is expected to grow at a CAGR of 9% during the forecasting period (2022-2029).

Nutricosmetics are natural formulations that act as nutritional supplements for beauty and personal care. These products or ingredients are designed to be consumed orally in dietary supplements or functional foods and drinks.

Nutricosmetics promote the concept of ‘beauty from within’ through a healthy body. These products are taken orally, either as pills or liquids.

Japan has been the early adopter and largest market for these formulations due to the Japanese population's high beauty consciousness and desire for natural beauty products.

Asia Pacific Nutri cosmetics market valued at USD 3,100 million in 2019 and is expected to grow at a CAGR of 12% during the forecast period (2020-2027).

With the increased consumer awareness about the importance of protecting the skin from UV radiation and lowering skin cancer risk, there is a rise in the number of individuals focusing on the skin, hair, and nails' healthy appearance.

Market Dynamic 

Rising geriatric population Nutricosmetics sales in the Asia Pacific region are driven by factors such as the ageing population, development of multi-benefit products, rising concern towards health and beauty, and increasing demand for minimum invasive beauty treatments.

Consumer preference towards grooming and an overall healthy lifestyle is expected to boost the region's Nutri cosmetics market. The trend of “beauty from within” is gaining acceptance among consumers, particularly among ageing populations in developed economies.

The ageing population is expected to be one of the major factors for Nutri cosmetics' growth, particularly in Japan and China. This category of individuals increases their product adoption to help them maintain their health and retain their beauty.

With age, the quality and quantity of collagen in the body reduce and degrades. Collagen has been found to increase the efficiency of formulations for anti-ageing, pigmentation, hair growth promotion, and anti-inflammatories. Moreover, antioxidants are highly relevant to the Nutri cosmetics market due to their role in halting visible ageing signs. A growing number of clinical trials support Their efficacy.

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