An Incisive, In-depth Analysis on the Nutricosmetics Market
This study offers a comprehensive, 360 degree analysis on the Nutricosmetics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Nutricosmetics market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Nutricosmetics Market Outlook & Key Findings
- Nutricosmetics market is expected to rise at 7% CAGR in 2020, however, due to the COVID-19 outbreak consumption has declined in major markets of Europe and the U.S.
- The rising consumption of nutritional supplements is driving the nutricosmetics market
- The demand for anti-aging products is rising in response to the increasing aging population in major countries of East Asia.
- North America and Europe nutricosmetics markets are quite popular for cosmetics innovation and consumer-oriented products.
- High testing and labelling standard remains a key factor, as brands tussle to maintain their growth rate over the forecast period
Nutricosmetics Market Analysis: Demand for Healthy Skin, Hair and Nail Fuels Demand
Nutricosmetics supplement helps in maintaining healthy skin, hair, and nail. Dietary supplement and oral nutritional supplements are currently witnessing a stably rising demand, as buyers’ preference for health and nutritional supplement has risen due to the ongoing COVID-19 crisis. The major factor encouraging the growth of the nutricosmetics market is the rising concern of aging, other skincare issues and hair related problems.
Thus, companies operating in the market are considerably focusing on meeting the needs of women to reduce their premature skin aging problems. The increasing awareness of consumers about the benefits of nutricosmetics in solving problems related to aging, wrinkles, and hair issues, without any possible side effects is enabling growth in the market. Despite growth opportunities, the market has slowed down due to the outbreak of COVID-19.
Nutricosmetics Market to Witness Entry of Local Players
Some of the key players operating in the market are BASF SE, Functionalab Group, Herbalife Nutrition Ltd., and Frutarom Industries Ltd. Although aspiring nutricosmetics brands have leaped up all across the globe, major manufacturers’ players are either US-based or European-based.
The nutricosmetics market is expanding as players focus on product launches. Consumers are getting more conscious about their skin and thus opting for beauty supplements derived from natural sources. Market players are including innovative products in their portfolio to woo consumers. This will in turn enable growth in the market.
Diverse Uses and Benefits of Nutricosmetics to Fuel Their Demand
Various types of products are available in the nutricosmetics market. These include sunscreens, anti-aging, skin allergy, and skin brightening products. These products are rich in Omega-3 and vitamins which is one of the key factors increasing their demand. Furthermore, increasing awareness among consumers about adverse effects of artificial counterparts has contributed to a rise in demand for nutricosmetics.
The supplement used in skincare products are a combination of different ingredients such as vitamins C and E, proanthocyanidins, and other ingredients, which help in giving protection against sunburn and other skin problems. Therefore these ingredients are gaining popularity among manufacturers to develop supplements based personal care products.
Nutricosmetics Consumption Pattern: Natural Ingredients Stimulating the Growth
Major ingredients used in nutricosmetics are Lycopene, Vitamin C, Collagen, and many other natural ingredients. Antioxidants are one of the key ingredients found mainly in vegetables, fruits, tea, and other pluses. Nutricosmetics therefore offer several benefits, which is a key reason behind the rising demand witnessed in the market. Consumers are using these natural supplements to fight against various skin related problems. Increasing preference for natural ingredients such as, collagen, lycopene, and others will bode well for the market.
Nutricosmetics Sales: Pharmacies and Online Retailers Emerge as Major Sales Channels
Sales of nutricosmetics supplement and dietary supplements are generally happen through pharmacies and specialty stores. The sales of nutricosmetics supplement is rising with the increasing number of hypermarkets and rising supermarkets. Besides this, the market is likely to witness increasing sales in convenience stores as well. While the COVID-19 outbreak may have hindered sales opportunities, increasing online sales are helping the business to stay afloat amidst crisis. However, the major challenge for online retailers is to meet the product range and pricing of specialty and drug stores.
High Testing and Labelling Standards: One of the Key Challenges for Nutricosmetics Market
The nutricosmetics market deals with skincare products, which need to go through various levels of approval before they reach the market. These products need to be tested before they enter the market, as any side effect can cause serious damage to consumers as well as brand reputations. It is therefore necessary for producers to adhere to strict guidelines.
As nutricosmetics are often produced using new ingredients, they are mandated to undergo various trials and seek approval from various national and international authorities before reaching the final market. This slows the
Nutricosmetics: Region-wise Analysis
The U.S. and Europe will continue to dominate the market for nutricosmetics. The US nutricosmetics market is consistently showing positive growth, and it is expected to grow at nearly 5% in 2020. Europe and the U.S. are nearly contributing two-third of the overall revenue generated in the nutricosmetics market.
Other emerging markets for nutricosmetics such as India and China are showing significant sales opportunities for nutricosmetics products. Besides rising awareness about benefits of nutricosmetics, willingness among consumers to spend on organic beauty products will aid the expansion of the market in Asia Pacific.
Leading Suppliers in Nutricosmetics Market
The nutricosmetics market is witnessing the entry of various local players. Some of the major players operating in the nutricosmetics market are,
- Herbalife International, Inc.
- General Nutrition Centers, Inc.
- Beiersdorf AG
- Functionlab Inc.,
- Unipharm Inc.
- Vitabiotics Ltd.
- Robis S.L.,
- Compendium GMBH
- Biohealth International GMBH
- Dronania Pharmaceuticals GMBH
- Shiseido Co. Ltd.
- Pola Orbis Holdings Inc.
- ExcelVite Sdn. Bhd
- LycoRed Ltd.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Nutricosmetics: The Road Ahead
The opportunities for the nutricosmetics market remain massive, as demand from younger generation is forecast to rise. Excessive pollution and exposure to sunlight are causing various skin-related problems, compelling people to look for skin care products containing naturally derived ingredients. Spurred by this, the demand for nutricosmetics is poised to surge in the coming years.
East Asia would remain at the driver’s seat in the nutricosmetics market, with the skincare segment expected to hold a dominant position. Besides this, increasing research and development initiatives undertaken by the market players will enable growth in the near future.
The nutricosmetics market is driven by various factors. However, despite positive growth forecasts, the availability of substitutes and high testing standards may restrain the market to an extent. Furthermore, impact of growth drivers and restraints will impact the market in varying degree across key segments. For instance, as represented in the chart below, the increasing demand for liquid and powder form will result in drop in the tablets segment by 260 bps points between 2020 and 2030.
Nutricosmetics Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights on the nutricosmetics market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.
The global nutricosmetics market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.
By Form Type
By Active Ingredient
By Sales Channel
Chapter 01 - Executive Summary
The executive summary of the nutricosmetics market includes the market country analysis, proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global nutricosmetics market.
Chapter 02 - Market Introduction
Readers can find the detailed segmentation and definition of the nutricosmetics market in this chapter, which will help them understand basic information about the nutricosmetics market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the nutricosmetics market report.
Chapter 03 - Market Background
The associated industry assessment of the nutricosmetics market is carried out in this section. The macroeconomic factors affecting growth of the nutricosmetics market are provided in this section and the impact of these macroeconomic indicators on the nutricosmetics market is analyzed. The processing overview and technological advancements in the nutricosmetics market is also provided.
Chapter 04 - Global Nutricosmetics Market Value Chain
Profit margins at each level of the nutricosmetics market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the market.
Chapter 05 - Market Dynamics
The drivers and restraints impacting the growth of the nutricosmetics market are explained in this chapter. Opportunities and ongoing trends in the nutricosmetics market are also comprehensively discussed.
Chapter 06 - Global Nutricosmetics Market Analysis and Forecast 2015-2030
This chapter includes detailed analysis of the historical nutricosmetics market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the incremental opportunity for the current year (2019 - 2020) and absolute $ opportunity for the forecast period (2020-2030). This chapter provides details about the nutricosmetics market on the basis of form type, application, active ingredient, and sales channel. In this chapter, readers can understand market attractive analysis for all segments. This chapter explains how the nutricosmetics market is anticipated to grow across North America, Latin America, Europe, East Asia, South Asia and Pacific, and the Middle East and Africa.
Chapter 07 - North America Nutricosmetics Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the nutricosmetics market in the North America region, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, opportunities, and market growth based on form type, application, active ingredient, sales channel and countries in the North America region.
Chapter 08 - Latin America Nutricosmetics Market Analysis 2015-2019 & Forecast 2020-2030
Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the nutricosmetics market in the Latin America region. This chapter also includes growth prospects of the nutricosmetics market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.
Chapter 09 -Europe Nutricosmetics Market Analysis 2015-2019 & Forecast 2020-2030
Important growth prospects of the nutricosmetics market based on its end user in several countries such as Germany, U.K., Spain, France, Italy, and, Rest of Europe are included in this chapter.
Chapter 10 - East Asia Nutricosmetics Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the nutricosmetics market in East Asia region including the important growth prospects of the nutricosmetics in several countries such as China, Japan, and South Korea are included in this chapter.
Chapter 11 - South Asia & Pacific Nutricosmetics Market Analysis 2015-2019 & Forecast 2020-2030
This chapter includes a detailed analysis of the growth of the nutricosmetics market in the South Asia & Pacific region, along with a country-wise assessment that includes, India, Malaysia, Thailand, Indonesia, Australia & New Zealand, and Rest of South Asia and Pacific. Readers can also find regional trends, restraints, and market growth of countries in the South Asia region.
Chapter 12 - Middle East and Africa Nutricosmetics Market Analysis 2015-2019 & Forecast 2020-2030
This chapter offers insights into how the nutricosmetics market is expected to grow in major countries in the MEA region such as GCC Countries, South Africa, Israel, and the Rest of MEA, during the forecast period 2020-2030.
Chapter 13- Competition Assessment
In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the nutricosmetics market along with their market presence analysis by region and product portfolio.
Chapter 14 - Competition Deep-Dive
In this chapter, readers can find a comprehensive list of leading manufacturers in the nutricosmetics market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are BASF SE, ExcelVite Sdn. Bhd., Frutarom Industries Ltd, Frutels LLC, Functionalab, GliSODin Skin Nutrients, BORBA LLC, LycoRed Ltd., Herbalife Nutrition Ltd., Nestle SA, New Avon Co., Pfizer Inc., Pola Orbis Holdings Inc., Vitabiotics Ltd., Unipharm Inc., Shiseido Co. Ltd., and among others.
Chapter 15 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the nutricosmetics report.
Chapter 16 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the nutricosmetics market.
Sources and Primary Research Splits (%)