Nutricosmetics Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4040
Nutricosmetics Market size is expected to grow significantly from 2019 to 2025.
Increasing awareness regarding availability of superior quality nutricosmetics will foster its demand thereby, augmenting the industry growth. People in developed as well as developing regions have now started relying on artificial supplements and pharmaceutical products for maintaining personal health. Moreover, women have high preference towards beauty supplements to enhance the facial aesthetics. Furthermore, obese people have started adopting flavonoids and other artificial sweeteners to manage their weight. Above mentioned factors coupled with growing income level will positively impact the industry growth.
Growing R&D activities for promoting development in the nutricosmetic products should prove beneficial for the industry growth. Industry players operational in the nutricosmetics market collaborate with various research institutes for developing nutricosmetic products. Companies such as Amway and Pfizer manufacture personal care products in several categories including food & beverage, sport nutrition as well as others that have enhanced the individual’s life. People are now able to manage lifestyle disorders by utilizing the newly developed nutricosmetic products thus, elevating the industry growth. However, stringent regulatory scenario for nutricosmetics may hamper the industry growth to some extent.
Weight management segment of nutricosmetics market should witness substantial growth throughout the analysis timeframe. Unhealthy and sedentary lifestyle has increased the prevalence of obesity amongst the people residing in developed economies. Obesity has given rise to several complications including diabetes and cardiovascular diseases. Thus, people have started preferring nutritional products for managing weight that augments the segmental growth.
Online pharmacies segment had significant revenue share in 2018 and is expected to follow similar trends in the near future. Online platforms are highly convenient, and people can order their nutritional products even at home. Moreover, online vendors offer commendable discounts on the nutricosmetic products that should further boost the segmental growth in the forthcoming years.
North America nutricosmetics market will grow substantially during the forecast years. Considerable regional growth can be accounted to the favorable demographic trends. For instance, majority of the teenage population consume junk food that makes them prone to acquiring obesity. Moreover, regulatory scenario for nutricosmetic products is also improving in North America that should further stimulate the industry growth in the upcoming years.
Industry players operational in Nutricosmetics market include Suntory, Pfizer, Herbalife, Beiersdorf, Amway, Lonza, Innova, Frutels and BASF SE among others. These industry players implement strategic initiatives such as mergers, acquisitions and product launches to maintain their market position. For instance, Amway has introduced NUTRILITE, a beauty supplement product that helps in reliving the oxidative stress. Introduction of such new products will foster company’s growth.
Nutricosmetics Market By Product Type, 2014-2025 (USD Million)
- Weight management
- Hair care
- Skin care
Nutricosmetics Market By Distribution Channel, 2014-2025 (USD Million)
- Online platforms
- Retail pharmacies
- Specialty store
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
- Frutels LLC
- BASF SE
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