According to IMARC Group’s latest report, titled “Nutricosmetics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global nutricosmetics market reached a value of US$ 6.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 9.6 Billion by 2027, exhibiting a CAGR of 7.25% during 2022-2027.
Nutricosmetics are nutritional supplements prepared using amino acids, minerals, vitamins, antioxidants, and botanical extracts. They help absorb active ingredients and nutrients into the bloodstream and transport them to encourage the natural production of essential molecules. They also aid in nourishing the texture of the skin, maintaining a healthy skin renewal rate, controlling biochemical reactions to reduce skin aging, and protecting the skin from harsh environmental factors.
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The rising emphasis of individuals on maintaining their physical appearance, in confluence with the growing usage of social media platforms, represents one of the key factors positively influencing the sales of nutricosmetics via organized online retail channels across the globe. Furthermore, several manufacturers are investing in producing herbal compositions to prevent any toxic or chemical intervention. The rising focus of leading market players on introducing multi-functional products offering hair, skincare, and nail maintenance is anticipated to drive the market in the following years.
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List of Key Companies Covered in this Market Report:
- BASF SE
- Bayer AG
- Beiersdorf (Maxingvest AG)
- Blackmores Ltd.
- Herbalife Nutrition Ltd.
- Otsuka Holdings Co. Ltd
- Pfizer Inc (NYSE: PFE)
- Reckitt Benckiser
- Suntory Holdings Limited (Kotobuki Realty Co. Ltd.)
The report has segmented the market on the basis of ingredient, product, distribution channel and geography.
Breakup by Ingredient:
Breakup by Product:
- Skin Care
- Hair Care
- Weight Management
Breakup by Distribution Channel:
- Drug Stores/Pharmacies
- Supermarkets and Hypermarkets
- Specialist Stores
- Online Stores
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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