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Market Overview:
The global nutricosmetics
market size was USD 6.45 billion in 2022. The market is
anticipated to expand from USD 6.84 billion in 2023 to USD
11.24 billion by 2030, exhibiting a CAGR of 7.36% over
the analysis period.
The rise can be attributed to the escalating adoption of advanced beauty
regimes by young consumers. One of these trends is skin minimalism, which is
focused on reducing skin damage, skin sensitivity, and skin irritation.
Fortune Business Insights™ provides this information in its research report, titled “Nutricosmetics
Market, 2023-2030”.
Segmentation:
Capsules Segment Dominates Driven by Rising Popularity for Formulation
Delivery
On the basis of form, the market for nutricosmetics is segmented into
powder, capsules, tablets, and others. The capsules segment accounted for a
dominating share in the market due to the growing usage of the product in
delivering formulations to the consumers.
Skin Segment Holds Major Share Impelled by Rising Product Popularity
among Consumers
By application, the market for nutricosmetics is categorized into nails,
skin, and hair. The skin segment holds a key share in the market due to the
soaring popularity of numerous products such as whitening, smoothening, and
anti-aging.
Supermarkets/Hypermarkets Segment Leads Owing to Higher Discounts over
Other Retail Stores
On the basis of distribution channel, the market for nutricosmetics is
classified into drug stores, online retail stores, specialty stores, supermarkets/hypermarkets,
and others. The supermarkets/hypermarkets segment accounts for the largest
market share due to the availability of higher discount rates on products
considering other retail stores.
Based on geography, the market for nutricosmetics is segregated into
Asia Pacific, Europe, North America, the Middle East & Africa, and Latin
America.
Source: https://www.fortunebusinessinsights.com/industry-reports/nutricosmetics-market-101628
Report Coverage:
The report provides comprehensive coverage of the key factors expected
to drive the global business landscape. It also explores the significant
measures taken by leading companies to establish a strong market presence.
These insights are based on thorough research and data collected from credible
sources.
Drivers and Restraints:
Product Sales to Surge Owing to Shift from Harmful Chemical-based to
Natural Cosmetics
The growth of the global nutricosmetics market is being driven by a
rising consumer preference for natural cosmetic products over chemical-based
solutions. This shift is due to increased awareness of the harmful effects of
certain chemicals, which can cause skin irritations, cancer, and other health
issues.
However, a lack of awareness among consumers regarding the availability
and efficacy of the product may hinder industry growth over the coming years.
Regional Insights:
Asia Pacific Held Dominant Share Driven by Rising Launch of Advanced
Products
Asia Pacific held the maximum market share in 2022. The regional market
size stood at USD 4.54 billion in 2022. The Asia Pacific nutricosmetics market
share is slated to expand owing to increasing launch of advanced products
by manufacturers in the region.
The Europe market is anticipated to register considerable growth over
the analysis period. The expansion is being driven by the rising demand for
natural ingredients and an upsurge in the geriatric population.
Competitive Landscape:
Pivotal Players Unveil New Formulations to Secure Competitive Edge
Companies are formulating new strategies to solidify their positions in
the market. Many industry players are engaged in research endeavors to create
innovative formulations, which are then introduced to the market to gain a
competitive advantage.
Key Industry Development:
June 2021 – LABthetics rolled out a new skin rejuvenation nutraceutical
supplement. The solution was formulated for usage with aesthetic procedures for
providing collagen support in the skin.
List of Key Players Mentioned in the Report:
Market Overview:
The global nutricosmetics
market size was USD 6.45 billion in 2022. The market is
anticipated to expand from USD 6.84 billion in 2023 to USD
11.24 billion by 2030, exhibiting a CAGR of 7.36% over
the analysis period.
The rise can be attributed to the escalating adoption of advanced beauty
regimes by young consumers. One of these trends is skin minimalism, which is
focused on reducing skin damage, skin sensitivity, and skin irritation.
Fortune Business Insights™ provides this information in its research report, titled “Nutricosmetics
Market, 2023-2030”.
Segmentation:
Capsules Segment Dominates Driven by Rising Popularity for Formulation
Delivery
On the basis of form, the market for nutricosmetics is segmented into
powder, capsules, tablets, and others. The capsules segment accounted for a
dominating share in the market due to the growing usage of the product in
delivering formulations to the consumers.
Skin Segment Holds Major Share Impelled by Rising Product Popularity
among Consumers
By application, the market for nutricosmetics is categorized into nails,
skin, and hair. The skin segment holds a key share in the market due to the
soaring popularity of numerous products such as whitening, smoothening, and
anti-aging.
Supermarkets/Hypermarkets Segment Leads Owing to Higher Discounts over
Other Retail Stores
On the basis of distribution channel, the market for nutricosmetics is
classified into drug stores, online retail stores, specialty stores, supermarkets/hypermarkets,
and others. The supermarkets/hypermarkets segment accounts for the largest
market share due to the availability of higher discount rates on products
considering other retail stores.
Based on geography, the market for nutricosmetics is segregated into
Asia Pacific, Europe, North America, the Middle East & Africa, and Latin
America.
Source: https://www.fortunebusinessinsights.com/industry-reports/nutricosmetics-market-101628
Report Coverage:
The report provides comprehensive coverage of the key factors expected
to drive the global business landscape. It also explores the significant
measures taken by leading companies to establish a strong market presence.
These insights are based on thorough research and data collected from credible
sources.
Drivers and Restraints:
Product Sales to Surge Owing to Shift from Harmful Chemical-based to
Natural Cosmetics
The growth of the global nutricosmetics market is being driven by a
rising consumer preference for natural cosmetic products over chemical-based
solutions. This shift is due to increased awareness of the harmful effects of
certain chemicals, which can cause skin irritations, cancer, and other health
issues.
However, a lack of awareness among consumers regarding the availability
and efficacy of the product may hinder industry growth over the coming years.
Regional Insights:
Asia Pacific Held Dominant Share Driven by Rising Launch of Advanced
Products
Asia Pacific held the maximum market share in 2022. The regional market
size stood at USD 4.54 billion in 2022. The Asia Pacific nutricosmetics market
share is slated to expand owing to increasing launch of advanced products
by manufacturers in the region.
The Europe market is anticipated to register considerable growth over
the analysis period. The expansion is being driven by the rising demand for
natural ingredients and an upsurge in the geriatric population.
Competitive Landscape:
Pivotal Players Unveil New Formulations to Secure Competitive Edge
Companies are formulating new strategies to solidify their positions in
the market. Many industry players are engaged in research endeavors to create
innovative formulations, which are then introduced to the market to gain a
competitive advantage.
Key Industry Development:
June 2021 – LABthetics rolled out a new skin rejuvenation nutraceutical
supplement. The solution was formulated for usage with aesthetic procedures for
providing collagen support in the skin.
List of Key Players Mentioned in the Report:
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