A report on “Nutricosmetics Market” has been appended into the market research report database of Reports and Insights, in recent times, that promises to offer a complete analysis to its readers on the growth forecasts and development prospects of the market, together with the potential business opportunities in the industry. The study, which emphasizes the most recent business dynamics, trends, growth drivers and opportunities that are impacting the market growth, also comprises the market size and the compounded average growth rate (CAGR) for the projected period 2022 and 2030. The report on Nutricosmetics Market also incorporates an in-depth assessment on both the macro- and micro-environmental factors that are likely to impact the market growth over the forecast period. In addition to that, analytical tools such as Porter’s five forces analysis and PESTEL analysis are utilized to reckon and gather the factors that are playing the role of the driving force for the growth of the market.
The global nutricosmetics market is estimated to reach at a value of US$ 5.5 Bn by the end of 2022 and expected to reach at a value of US$ 9.9 Bn by 2030 with a significant CAGR of 7.4%
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Nutricosmetics Introduction
The beauty and cosmetics industry is highly dynamic as well as new product launches occur at a highly rapid pace. In the past few years, novel concepts have also been emerging, for instance in the case of cosmeceuticals and very recently, nutricosmetics. Basically, nutricosmetics can be perceived as the outcome of the junction or crossing of cosmeceuticals and nutraceuticals, labelled as oral supplements of nutrients developed and commercialized particularly for beauty and personal grooming purposes.
Nutricosmetics are oral-based nutritional supplementation or food additives for beauty and skin health. Nutricosmetics mainly comprises health products which are essentially used for the complete treatment of nail, hair, sun protection, skin defects, and photoaging. Principally, Photoaging can be referred to the aging process majorly caused due to exposure to sunlight or ultraviolet (UV) light which further causes deep wrinkles and brown spots.
Nutricosmetics market is primarily driven by diversification and increased consumer awareness regarding physical appearance and personal grooming together with the hectic lifestyle of the rising urban population.
Nutricosmetics Market Dynamics
In the present-day world, one of the major factors that is mainly boosting the growth of the global nutricosmetics market is the population increasingly turning self-conscious, especially in urban areas, and are more aware about personal appearance and beauty. With the same token, the masses, in present times, are more mindful regarding their diet and preference of beauty and food supplements and ultimately the overall well-being, which further propels the growth of the global nutricosmetics market.
Additionally, the rising awareness with regard to availability of superior quality nutricosmetics is also anticipated to positively fuel the growth of the global nutricosmetics market over the forecast period. In addition, the global markets of nutricosmetics are enormously diversified across the world, with massive number of retail shops worldwide as well as an emerging trend of ready to drink nutricosmetics beverages, which further gives a positive push to the growth of the global nutricosmetics market in the years to come.
Moreover, technological advancements as well as brisk innovations in the global markets of nutricosmetics are estimated to gain huge momentum in the forthcoming years. Modern populations, both in developed as well as developing nations, have now begun having faith in unnatural or fabricated supplements as well as pharmaceutical products for keeping up with their personal health. Such factors are further estimated to support the growth of the global nutricosmetics market in the given timeframe.
In addition to that, usually women have had a high preference towards personal appearance and beauty supplements to enhance their facial aesthetics, although nowadays men are equally concerned and mindful towards their personal appearance and beauty. Owing to which, the global nutricosmetics market is supposed to grow at a more rapid pace during the forecast period.
Furthermore, the growing incidence of obesity among the population and subsequent adoption of flavonoids and other artificial sweeteners by obese people in order to manage their weight is also augmenting the demand of nutricosmetics in the global markets, thereby further accelerating the growth of the global market of nutricosmetics. Along with that, another positive factor that is driving the global nutricosmetics industry is the increasing income level of the masses worldwide.
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Nutricosmetics Market Segmentation
The global nutricosmetics market is segmented on the basis of type, ingredients, application, distribution channel, and region.
By Type
Capsules
Tablets & Softgels
Drinks
Powders
Gummies & Candies
Others
By Ingredients
Carotenoids
Vitamins
Omega 3 Fatty Acids
Others
By Application
Personal Care
Skin Care
Hair Care
Others
Health Care
Digestive Health
Heart Health
Weight Management
Others
By Distribution Channel
Store-Based
Supermarkets & Hypermarkets
Specialty Stores
Others
Non-Store-Based
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
Nutricosmetics Market Key Players
The global nutricosmetics market is dominated by Inneov, Farmodietica, KORA Organics, Laboratoire PYC, Pro Dietic, Functionalab, Solgar, Sabinsa Corporation, GliSODin Skin Nutrients, Nutrilo, among others.
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