The Global Market for Nutricosmetics is Projected to Reach US$7.4 Billion by 2020
Increased Consumption of Oral Health Supplements Boosts
Growth in the Global Nutricosmetics Market, According to a New Report by Global Industry Analysts, Inc.
GIA announces
the release of a comprehensive global report on Nutricosmetics. The
global market for Nutricosmetics is projected to reach US$7.4 billion by 2020,
driven by the “beauty from within” trend and the resulting preference for oral
nutritional supplements for appearance maintenance.
Nutricosmetics
mark the convergence of the nutraceutical and cosmeceutical markets. Nutricosmetics
are ingestible nutrients that help in enhancing appearance of hair, skin and
nails. Essentially products of natural origin, nutricosmetics address issues
such as photoprotection, hydration, hair nourishment and volume, skin pigmentation, slimming, hair growth and
skin repair. Nutricosmetics are steadily gaining in prominence driven by the increasing
awareness among consumers over the significance of nutrition as a means to
protect the skin from aging. Rapidly aging population and the rising significance
of beauty-from-within concept are key factors driving demand in the market. Urban
lifestyles and rising consumer affluence are also helping spur sales of innovative
beauty products such as nutricosmetics. The market is also poised to benefit
from the growing body of research demonstrating the synergy between beauty and
health and the effective role played by nutritional supplements in providing
nourishment from within. Other factors fuelling growth in the market include growing
concerns over side effects posed by topical cosmetics, and increase in the baseline
risk caused by synthetic ingredients such as hydroquinone, and topical
retinoids, among others.
Clinical
validation and development of new active ingredients will help support sales of
nutricosmetics in the coming years. Among the most researched ingredient is
carotenoid (lycopene, ß-carotine), which has been found to offer
photoprotective-derived anti-aging benefits. Fruit extracts, coenzyme Q10,
green tea, and lycopene are other prominent ingredients in the nutricosmetics
market. Collagen is another ingredient that is finding increased demand as a
nutricosmetic. Since collagen deterioration is known to cause wrinkles,
companies are offering collagen-based products that claim to slow down the
aging process. Ready-to-drink (RTD) beauty drinks are presently experiencing the
strongest growth in the market. Nutricosmetic beverages that are popular among
consumers include herbal teas (black, red and green), fortified waters (with
vitamins A, E, C, zinc, and selenium), and exotic fruit juices (such as
pomegranate, acai, and goji).
As stated by
the new market research report on Nutricometics, Europe and Japan represent the
major markets worldwide. Growth in Japan is led by the implementation of
advanced Foods for Specified Health Uses (FOSHU) legislation. In Europe, increased
per capita spending on anti-aging products including health supplements is
helping drive demand for supplements based on phytosterols, carotenoids,
fruit/plant extracts, collagen and peptides,
hyaluronic acid and vitamins. The United States ranks as the fastest growing
market with a CAGR of 11.2% over the analysis period, led by rising awareness
about the benefits of nutricosmetics and launch of innovative products.
Major players
covered in the report include BASF SE, Carotech Bhd, Denomega Pure Health,
Frutarom Industries Ltd., Frutels LLC, Functionalab, GliSODin Skin Nutrients,
Innéov, Lonza Group Ltd., Laboratoire Oenobiol SA, LycoRed Ltd., Nutrilo GmbH,
NV Perricone LLC, Pfizer Consumer Healthcare Limited, Royal DSM N.V., Shiseido
Co. Ltd., Solgar Inc., Unipharm Inc., and Vitabiotics Ltd., among others
Comments
Post a Comment