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

The research report titled “Nutricosmetics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), and Rest of World.

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