The Global Nutricosmetics Market is Projected to Reach US$7.5 Billion by 2024
Increasing Emphasis on Oral Supplements for
Maintaining and Enhancing Physical Appearance to Drive Growth in the
Nutricosmetics Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Nutricosmetics market. The global Nutricosmetics market is projected to reach
US$7.5 billion by 2024, driven by the
rising prominence of beauty from within concept and increased focus on
ingestible products for enhancing physical appearance.
Nutricosmetics, which
combine nutraceuticals and cosmeceuticals, are ingestible nutrients that help
in enhancing appearance of hair, skin and nails. Also known as ingestible
beauty or edible cosmetics or beauty foods, nutricosmetics are capable of
slowing down the aging mechanism by providing specific nutrients that are
capable of transforming the skin’s physiological functions. Nutricosmetics also
contain a number of supplements such as botanical actives, lycopene, sterol esters,
proteins, enzymes, vitamins and minerals, which not only enhance beauty but
also help in maintaining good health of consumers. Driven by the growing
realization among people about the significance of nutrition as a means to
protect skin against aging, the global nutricosmetics market is positioned for
rapid growth in the coming years.
Greater understanding of
these products, supported by positive clinical data, and increasing awareness
about health and beauty are contributing to the market’s growth. Demand for
nutricosmetics is particularly growing among the world’s rapidly expanding
elderly population. The growing desire of people to delay or prevent skin
aging, a degenerative process caused by a combination of internal as well as
external factors like smoking, increased skin laxity, reduced thickness of
dermis, photodamage, reduction in dermal collagen and oxidative stress, are
enhancing the demand for niche products such as nutricosmetics. Besides the
geriatric population, the eternal desire to look attractive and young, and
development of new and effective products are leading to supplementation of
topical cosmetics with oral nutricosmetic products for daily beauty regimen.
Also driving growth are factors such as the growing consumer inclination towards
less invasive beauty treatments and the emergence of ‘spa culture’.
As stated by the new
market research report on Nutricosmetics,
Europe represents the largest market worldwide, supported by expanding
population of the elderly, particularly in Western European nations. The United
States is forecast to grow at the fastest CAGR of 10.3% over the analysis
period, led by factors such as growing confidence among younger consumers over the
power of natural oral herbal formulations in preserving beauty; increased
availability of scientific data offering support for the efficacy of
nutricosmetics; emerging new standards for male beauty and the rise of men as lucrative
target customers; and increased per capita spending on cosmetic solutions as beauty
increasingly becomes a high-maintenance routine.
Major players in the market
include BASF SE, Frutarom Industries Ltd., Frutels LLC, Functionalab, GliSODin
Skin Nutrients, Innéov, Lonza Group Ltd., LycoRed Ltd., Nutrilo GmbH, NV
Perricone LLC, Pfizer Consumer Healthcare Limited, Royal DSM N.V., Shiseido Co.
Ltd., Solgar Inc., Unipharm Inc., and Vemedia, 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, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections for all major geographic markets such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), China
and Rest of World.
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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