Nutricosmetics Market (Product Type - Supplements (Tablet, Capsule, Powder, and Liquid) and Beauty Beverages/Drinks; Primary Function - Skin Care (Sun Care, Anti-Ageing, Radiance and Glow, and Anti Acne/Pimple), Hair and Nail Care, Weight Management, and Multifunctional; Distribution Channel - Modern Trade, Health and Beauty Stores, Specialty Stores, Pharmacy Stores, and E-commerce) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2027
Press Release :
Global Nutricosmetics Market: Snapshot
The demand for organic products among the consumers have surged to a great extent in the past few years, on account of increasing awareness about the benefits offered by natural products. Synthetic skin care products are inclusive of harmful chemicals that may have adverse effects on human health. Due to this issue, health conscious consumers are shifting their focus towards natural products. Introduction of new innovative nutricosmetic products having organic elements is another key factor driving the sales of nutricosmetic products.
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In recent periods, products have been launched presenting innovative elements such as oils, barks, fruits, roots, and seeds. In addition, fruit extracts, green tea, and coenzyme Q10 are the other commonly used ingredients in nutricosmetic products. These are some major factors responsible for the switch from synthetic products to natural products. The popularity of nutricosmetics among the aging population is also considered as one of the key drivers of the global nutricosmetics market. Rapidly growing base of aging population coupled with increasing awareness about health and wellness is also fueling the demand for nutricosmetics at present.
The global nutricosmetics market size was valued US$ 3,853.4 mn in 2018 and is poised to reach US$ 8,571.5 mn by 2027, progressing at a CAGR of 5.0% between 2019-2027.
Furthermore, low awareness among consumers about the benefits of nutricosmetics is acting as a bottleneck to the growth of this market. The relatively new availability of these products has been a reason for their low credibility among consumers. Furthermore, longer time for nutricosmetics to show results is challenging the growth of nutricosmetics market.
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Demand For Products With Natural Ingredients
Consumer awareness regarding the ill-effects of synthetic chemicals used in popular cosmetic skin care products are driving them to opt for products that less harmful natural ingredients which have the same benefits without the harmful side effects of synthetic-based products. Small scale players growing at a higher pace in domestic market. Consumer preferences are shifting toward these brands which also claim to use sustainable manufacturing methods, thus raising the product’s attractiveness to the consumer. The present consumer profile comprises an increasingly younger population which is willing to experiment with emerging brands. These brands use locally-sourced ingredients and non-traditional marketing channels which increase their perceived value to the consumer.
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Rise in Disposable Income
There has been a rise in disposable income in developing economies including China, India, Mexico, Brazil and South Africa will create new opportunity for global companies. Growth of larger skin care companies. Consumers are increasing their spending on skincare solutions. The working population in Asia Pacific is on a rise, with the female workforce participation in Malaysia at 46.8% according to the World Bank. This factor leads to a higher income and consequent disposable income among women, which is expected to drive the nutricosmetics market in the region.
Some of the key players in the global nutricosmetics market include
- Cargill Incorporated
- E.l.Du Pont De Nemours
- Company, Nestle S.A.T
- The Coca-Cola Company
- L’Oreal SA.
Global Nutricosmetics Market – Scope of the Report
Transparency Market Research’s recent report on the nutricosmetics market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the nutricosmetics market analyzes the scenario for the period 2019 - 2027, wherein 2018 is the base year and 2017 and earlier is historical data. The report enables readers to make important decisions with regard to their business, with the help of a wealth of information enclosed in the study.
This TMR study on the nutricosmetics market provides data on the developments undertaken by important players and stakeholders in the market, along with a competitive analysis. The report also provides an understanding of strengths, weaknesses, threats, and opportunities, along with trends and restraints in the landscape. Presented in a clear sanctioned manner, this report on the global Nutricosmetics market gives readers an individual understanding of the market.
The study discusses the underlying trends and impact of various factors that drive the global nutricosmetics market, along with their influence on the evolution of the market.
The study also offers Porter’s Five Force Analysis, value chain analysis, key trend analysis, and SWOT analysis of the global Nutricosmetics market in order to highlight the crucial growth tactics and opportunities for market players.
Key Questions Answered in This Report on the Nutricosmetics Market
- How much revenue will the nutricosmetics market generate by the end of the forecast period?
- What application nutricosmetics is likely to gain the maximum market share by 2027?
- What regions currently contribute the maximum share to the overall nutricosmetics market?
- What are the indicators expected to drive the global nutricosmetics market?
- Which region is likely to be a lucrative market during the forecast period?
- What are the essential strategies incorporated by key stakeholders in the global nutricosmetics market to expand their geographical presence?
- What are the major advancements witnessed in the global nutricosmetics market?
The report answers these questions and more about the global nutricosmetics market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
Global Nutricosmetics Market – Research Methodology
The TMR report on the global nutricosmetics market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global nutricosmetics market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global nutricosmetics market arrive at predictions and estimations, and calculate the forecast for the market.
The report uses an analytical triangulation method to estimate the numbers and figures of the global nutricosmetics market with both bottom-up and top-down approaches.
The detailed assessment of the global nutricosmetics market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global nutricosmetics market is set to grow are based on carefully vetted primary and secondary sources.
- In this chapter, the report offers a dashboard view of the competition matrix of leading players in the global nutricosmetics market, along with structural analysis
- The report includes the below mentioned pointers of major players operating in the nutricosmetics market:
- Company Overview
- Product Profiling
- Product Innovation
- Business Strategies/Recent Developments
- Technological Advancements
- Key Mergers & Acquisitions
- Expansion Strategies
- Company Financials
Some of the Key Players Covered Under the Scope Include:
E.I. DuPont De Nemours and Company
The Coca Cola Company
Croda International Plc
Frutarom Industries Limited
Robinson Pharma Inc.
Shiseido Co. Ltd.
- Beauty Beverages/Drinks
- Skin Care
- Sun Care
- Radiance and Glow
- Anti Acne/Pimple
- Hair and Nail Care
- Weight Management
- Modern Trade
- Health and Beauty Stores
- Specialty Stores
- Pharmacy Stores
- E-commerce Textiles
- Metal Cans
- Decorative Printing
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
Global Nutricosmetics Market– Segmentation
The report on the global nutricosmetics market provides information on the basis of product type, primary function, Distribution Channel, and region.
Radiance and Glow
Hair and Nail Care
Health and Beauty Stores
Middle East & Africa