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.

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Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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