Nutricosmetics Market Size

Nutricosmetics Market Size

Nutricosmetics Market size was valued at nearly USD 6.9 billion in 2021. Driven by the growing awareness about hair and skin disorders, the industry is slated to depict a CAGR of 8.1% from 2022 to 2030.

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Hair and skin problems continue to assert a profound impact, predominantly among women. As per the Australian Journal of General Practice, FPHL (female pattern hair loss) is considered a major cause of female alopecia, affecting nearly 49% of women at some point in their lives. The rising incidence of these disorders will result in the flourishing demand for nutricosmetics ingredients and products to help keep nails and skin healthy.
 

Likewise, the beauty-from-within strategy is emerging as a trend among millennials, considering its benefits such as nourishment, repair, growth, and increased hair volume. Consumers are also growing more inclined toward high-quality nutritious or natural products for preventive action against diseases. The acceptance of preventive health management practices will provide lucrative growth opportunities for the nutricosmetics market.
 

Despite the burgeoning popularity, several nutricosmetic products lack credibility. Concerns regarding the authenticity of product claims may thus create a hindrance to nutricosmetics industry expansion.