Nutricosmetics Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Mexico, Brazil, Argentina, Saudi Arabia, South Africa, UAE), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI4040
Nutricosmetics Market size is expected to grow significantly from 2019 to 2025.
Nutricosmetics market will witness lucrative growth over the coming years due to increasing concern towards health and beauty treatments. Over the past few years, perception of people regarding beauty has drastically changed, now it is more about being healthier from within than external appearance. Nutricosmetics are products of natural origin that composed of multiple nutrients like omega-3, vitamins, carotenoids and various active ingredients that helps in enhancing natural beauty as well as improving health. Aforementioned benefits coupled with growing awareness pertaining to various nutricosmetic products will stimulate the industry growth.
Increasing elderly population base will propel demand for nutricosmetic products over the forecast period. As per WHO, by 2050 the proportion of population over 60 years will nearly reach to 22% of overall world’s population. Availability of various nutricosmetics such as antioxidants and skin rejuvenating supplements that enables regaining of lost skin charm will render a positive impact on industry growth. However, high cost of nutricosmetic products may hinder the business growth to some extent during forecast period.
Carotenoids segment will witness significant growth over the analysis time frame. Most of the skin problems occur due to reduced concentration of carotenoids in skin cells. Carotenoids also reduce inhibition of collagen synthesis that is responsible for skin aging and protects from harmful UV rays. They further play role in protection of skin against free radicals. Aforementioned benefits of carotenoids will support the segment growth over forecast timeframe.
Skin care segment is projected to witness remarkable growth over the forecast period. Growing awareness regarding importance of vital nutrients for skin health will foster demand for nutricosmetics market. Skin care products comprises of vitamins, enzymes etc. that increases skin firmness, blocks UV rays and act as skin brightening agents. Increasing desire to look young and healthy in adult and elderly population base will augment the demand for skin care nutricosmetic products in near future.
Tablet segment is projected to witness lucrative growth in near future. Several advantages associated with tablet dosage form over the others will fuel the segment growth. Tablets are stable and easy to use. Availability of various forms such as enteric coated and delayed release tablets enables effective control over the drug release. Moreover, tablets are easy to manufacture and cost less compared to other dosage form that should drive its adoption over forecast period.
Europe nutricosmetics market currently accounts for significant revenue share and is projected to witness robust growth from 2019 to 2025. Elderly population base and high awareness regarding availability of various nutritional supplements will fuel the demand. According to WHO, by 2020 number of people aged 85 and above will rise from 14 million to 19 million in European region. Aging population certainly augments the demand for nutricosmetic products to cater aging signs.
Some of the major players operating in Nutricosmetic industry include Frutarom, BASF, FunctionalLab, Denomega, Lonza Group, Martek Bio-sciences Corporation, Groupe Danone, Sanofi-Aventis, Croda International, and Pfizer. Industry players are adopting strategies such as product launches, partnerships and acquisitions to garner higher market share and sustain competition. For instance, in April 2019, Lonza Group launched H2OBioEV product that augmented its offerings in nutricosmetics industry.
Nutricosmetics Market By Product, 2014-2025 (USD Million)
- Omega-3 Fatty Acids
Nutricosmetics Market, By Application, 2014-2025 (USD Million)
- Skin Care
- Hair Care
- Nail Care
- Weight Management
Nutricosmetics Market, By Dosage Form , 2014-2025 (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Frutarom Ltd
- Functional Lab Inc.
- Lonza Group
- Martek Bio-sciences Corporation
- Groupe Danone
- Sanofi-Aventis U.S.
- Croda International Plc.
- Pfizer Inc
- Nutrilo GmbH
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability