(MENAFN- Ameliorate Digital Consultancy) The global Nutricosmetics Market was valued at USD 6.5 billion in 2021 and it is anticipated to grow up to USD 17.0 billion by 2031, at a CAGR of 10.1% during the forecast period.
New York, According to a new market research report published by Global Insight Services“nutricosmetics market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Nutricosmetics is a type of supplement that claims to improve the health and appearance of skin, hair, and nails. They are typically taken orally in the form of capsules, tablets, or powders, and sometimes topically as creams or serums. The most common ingredients in nutricosmetics are vitamins, minerals, antioxidants, and omega-3 fatty acids. Some products also contain botanical extracts, such as green tea or resveratrol.
Market Trends and Drivers
The rising incidence of these disorders will result in the flourishing demand for nutricosmetics ingredients and products to help keep nails and skin healthy. 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. 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.
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Market Restraints and Challenges
Lower awareness regarding the benefit of nutricosmetics especially among the rural global population is expected to restrict market growth. There are challenges that might prevent this industry from continuing to thrive despite the positive light that the various scientific studies have released on nutricosmetics. Nutricosmetic products lack clear regulations for promotion and categorization at the point where the food and cosmetics markets converge. A lack of a clear regulation allowing businesses to promote and inform about the benefits of their product can cause the nutricosmetic market to stagnate, which is one of the major challenges facing the industry. This is because consumers often lack knowledge about the ingredients and their benefits.
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Reasons to buy Nutricosmetics Market Report:
. Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
. Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
. Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
. Develop business and M&A strategies through understanding of latest trends and emerging players in the market
. Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
Major Players in the Global Nutricosmetics Market
The key players in the market Nexira, Vitabiotics, Suntory Holdings Limited, SEPPIC, Reviderm AG, Nestle Health Science (Solgar), KORA ORGANICS, Herbalife Nutrition, GliSODin Skin Nutrients, GlaxoSmithKline PLC, Functionalab, Fit & Glow Healthcare Private Limited, Blackmores Limited, Beiersdorf, BASF, Amway, Activ'Inside, among others.
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