Nutricosmetics Market
Nutricosmetics Market is segmented By Type (Supplements, Functional Food and Beverages), By Application (Skincare, Haircare, Nailcare), By Ingredient (Vitamins, Carotenoids, Omega 3 Fatty Acids, Collagen Peptides, Probiotics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis 2022- 2029.
Nutricosmetics Market Overview
global nutricosmetics market valued USD XX million in 2021 and is estimated to reach USD XX million by 2029, growing at a CAGR of 9%
Nutricosmetics promote the concept of beauty through a healthy body. These products are taken orally, either as pills or liquids. These products have active ingredients, which offer a vital link between the health and cosmetic properties of nutritional elements. With the increased consumer awareness about the importance of protecting the skin from UV radiation and lowering the risk of skin cancer, there is a rise in the number of individuals focusing on the healthy appearance of the skin, hair, and nails. Rising consumer awareness regarding grooming and skin health coupled with busy lifestyle is having an impact on the growing skin care nutricosmetics segment.
Nutricosmetics Market Scope
Metrics |
Details |
Market CAGR |
9% |
Segments Covered |
By Type, By Application, By Ingredients, and By Region |
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
Fastest Growing Region |
Asia Pacific |
Largest Market Share |
North America |
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Market Dynamics: Rising Geriatric Population is driving the market
The global nutricosmetics market is driven by factors such as aging 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 global nutricosmetics market. Trend of “beauty from within” is gaining acceptance among consumers, particularly among aging populations in developed economies. According to predictions from the United Nations, by 2050 21% of the global population will be aged 60 years or older, compared with 10% in 2000 and 8% in 1950. Aging population is expected to be one of the major factors for the growth of nutricosmetics globally, as this category of individuals are increasing their adoption for the product to assist them in maintaining their health and retaining their youth. With age, the quality, and quantity of collagen in the body reduces and degrades. Collagen has been found to increase the efficiency of formulations for anti-aging, pigmentation, promotion of hair growth, as well as anti-inflammatories. Moreover, antioxidants are highly relevant to the nutricosmetics market, due to their role in halting visible signs of aging. Their efficacy is supported by a growing number of clinical trials. Hence, growing aging population has positive impact on the global nutricosmetics market as aging populations across the developed world are demanding more effective beauty products that meet specific beauty needs.
Market Segmentation: Supplements established as the largest product type
Dietary supplements evolved as the most established and widely used mode of nutrient intake across the globe. These formulations are consumed as supplement to regular diets to ensure adequate nutritional supply to the body. The ease of ingestion and accurate supply of nutrients made dietary supplements as the preferred choice. Along with these potential benefits, the early impact on the body caused by oral ingestion motivated the beauty industry towards development of supplements. Supplements are purported to offer a wide-range of benefits to the skin, such as softening lines and wrinkles, and improving elasticity and roughness. In addition, supplements have been studied for their effectiveness in improving difficult-to-treat skin problems, such as melasma. Supplements contain nutrients (peptides, vitamins, minerals, proteins, carotenes, and omega-3 fatty acids) derived from food products, and are concentrated in pills, powders, gels and other forms.
Recent study on nutricosmetic supplements reported significant reduction in eye wrinkle depth among individuals taking supplement containing collagen peptides. Study participants also showed improvement in their skin’s collagen and elastin after eight weeks of taking the supplements. The U.S. Food and Drug Administration (FDA) imposed numerous regulations regarding labeling the food supplements in light of increasing incidences of violations regarding label standards as well as product quality. As a result, supplements manufacturers are expected to increase expenditure for the development of goods with better quality over the forecast period.
Geographical Penetration: Asia Pacific is dominating the global nutricosmetics market
Asia-Pacific accounted for the largest market share of 52% of the global nutricosmetics market in 2019. Japan is the leading market for nutricosmetics globally, with market players emphasizing innovation to develop new types and forms of nutricosmetics. However, the market in India is expected to exhibit the highest growth rate during the forecast period. According to 2018 estimates by World Bank, 33.0% of the Japanese population is above the age of 60, 25.9% are aged 65 or above, and 12.5% are aged 75 or above. People aged 65 and older in Japan make up a quarter of its total population, estimated to reach a third by 2050. The increasing aging population in Japan is driving the nutricosmetic market in Asia Pacific. Nestle has developed a beauty bar for its Kit Kat brand in collaboration with the Tokyo Beauty Clinic (Japan’s most popular beauty salon chains). The nutricosmetics trend has also moved into breakfast cereal in Japan with the launch of anti-ageing Moody Muesli. The muesli is said to slow down the ageing process and contains a blend of pumpkin seeds, cereals and the superfruits cranberry, goji and grape. Japan has an established system for approving Nutricosmetic and functional products. The ‘Foods for Specific Health Use’ or FOSHU legislation has encouraged the rapid introduction of Nutricosmetics products in Japan.
Asia Pacific nutricosmetics market valued USD 3.1 billion in 2019 and is estimated to grow at a CAGR of 12% to reach USD XX million by 2027.
Competitive Landscape: Wide range of testing services made the market competitive
The global nutricosmetics market is highly fragmented with wide product differentiation. Large number of suppliers operating and product launches is intensifying the market competition. Supplements segment has been witnessing several new entrants and product designs in the market. Companies such as Gelita AG, Functionalab, Herbalife Nutrition, Amway and Lucas Meyer Cosmetics are some of the leading players in the market. However, functional food & beverages segment is consolidated as this segment is restricted by regulatory requirements.
- The nutricosmetics sales in Europe is largely dominated by four companies – Vitabiotics Ltd., Robis S.L., Compendium GMBH, Biohealth International GMBH. These companies hold significant share in the region.
Consumer interest and changing preferences are acting as the key forces is shaping the research and supply chain of the market. Asian consumers, particularly women are highly interested towards beauty supplements and foods owing to their historic trust towards herbal medicine and beauty concepts. In contrast, the U.S. consumption of beauty supplements is significantly smaller, despite large market for health supplements
Asia Pacific region is on the forefront of developing nutricosmetics. Large number of nutricosmetics manufacturers in the region have unveiled novel nutricosmetics products. Japanese manufacturers such as Shiseido Company, Limited, Pola Orbis Holdings Inc. launched their nutricosmetics products into the domestic market.
In Japan, the nutricosmetics category has been highly developed and the product launches coming from here in the recent years have included some of the most eye-catching and innovative, from collagen-based sweets to vitamins-infused sodas.
Why Purchase the Report?
- Understand the current market scenario and viability of global nutricosmetics over the forecast period.
- Visualize the composition of the global nutricosmetics market in terms of type, application and ingredient to identify major players, growth potential, and market strategies
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market
What we offer?
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Excel data sheet with valuable data points of the global nutricosmetics market – Regional and Country level segmentation
- Product mapping in excel for the key products of all major market players
- Market Share Analysis covering business revenues ($) and revenue share (%) of key market players
Target Audience:
- Nutricosmetics Manufacturers
- Dietary Supplement Manufacturers
- Functional Food Companies
- Pharmaceutical Companies
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
Frequently Asked Questions
What is the Projected CAGR value of the Nutricosmetics Market?
Nutricosmetics Market is expected to grow at a CAGR of 9% during the forecasting period 2022-2029.
Which region controlled the global market during 2022-2029?
North America region Controls the Nutricosmetics Market during 2022-2029.
Which is the fastest growing region in the Nutricosmetics Market?
Among all regions, Asia Pacific is the fastest growing market share during the forecast period