logo
logo
Sign in

Nutricosmetics Market Share,Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis – 2027

avatar
akriti verma
Nutricosmetics Market Share,Insights, Potential Business Strategies, Mergers and Acquisitions, Revenue Analysis – 2027

Market Highlights


Nutricosmetics Market is estimated to be valued at USD 8,349.2 Million by 2025, registering a CAGR of 5.51% during the forecast period. Nutricosmetics are supplements designed to deliver beauty and healthy aging benefits with an emphasis on skin, hair, and nails, among others. Increasing focus on healthy aging among the population is driving the growth of the nutricosmetics market.       


Asia-Pacific was the largest market for nutricosmetics in 2018, and the region is expected to continue to dominate the global market during the review period. The popularity of the ‘beauty from within’ trend, especially in Japan, China, and South Korea, is driving the nutricosmetics market in Asia-Pacific. India, Australia, and New Zealand are expected to contribute significantly to the growth of the market in the region during the forecast period.


North America market is projected to exhibit the highest growth rate during the review period with the growing popularity of nutricosmetic, especially among the US population. Manufacturers of nutricosmetics are providing customized solutions for various skin concerns to expand their customer base in the region.      


The global nutricosmetics market share is expected to register a significant growth rate during the forecast period. The growing adoption of nutricosmetics is encouraging food & beverage manufacturers to expand their operations and product portfolios to include these products. For instance, in 2002, L’Oréal SA and Nestlé SA formed a nutricosmetics joint venture named Innéov. Also, the growth of the organized retail sector in the emerging markets, followed by increasing product awareness among the population, is projected to drive the market growth in the coming years.


Segmental Analysis


The Global Nutricosmetics Market has been segmented on the basis of Type, End Use, Distribution Channel, and Region.


By Type, the market has been divided into capsules, tablets, & softgels, drinks, powders, gummies & candies, and others. The capsules, tablets, & softgels segment accounted for the largest market share in 2018. Nutricosmetics are often offered in the form of capsules, tablets, or softgels as these supplement forms provide the active ingredients in one full dose and hence are convenient for end-users to consume. These products are widely available in the supplement format and are mostly sold as over the counter (OTC) drugs in the market. The demand for these types of nutricosmetics is significantly high in North America and Europe.


By End Use, the market has been segmented into skincare, haircare, nailcare, and others. The skincare segment accounted for the largest market share in 2018 and is projected to dominate throughout the forecast period. Major concern among the population across the globe is related to skin and their different requirement for different skin types. These nutricosmetics are primarily used for skin problems such as skin hydration, elasticity, acne, and aging. However, the haircare segment is projected to exhibit the highest growth rate during the forecast period. Increasing prevalence of hair-related issues is driving the growth of the haircare segment.


Based on the distribution channel, the market has been segmented into store-based and non-store-based. The store-based segment has further been divided into supermarkets & hypermarkets, specialty stores, and others. The store-based segment accounted for the larger market share in 2018, with specialty stores contributing to the majority of nutricosmetics sales. Consumers prefer store-based channels as they provide a one-stop shopping experience. However, the non-store-based segment is projected to exhibit a higher growth rate during the review period.


Access Report Details @ https://www.marketresearchfuture.com/en/reports/nutricosmetics-market-2048

 

Regional Analysis

Geographically, the global nutricosmetics market has been segregated into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, Asia-Pacific accounted for the dominant share of the global market in 2018, with Japan being the major consumer of nutricosmetics. However, the market in North America is expected to register the highest CAGR during the assessment period. The market in South America is also projected to register a substantial growth rate during the forecast period. Moreover, in Europe, the UK is projected to be a lucrative market for nutricosmetics.


Key Players


Market Research Future recognizes Laboratoire Dermatologique ACM (France), Forza Industries Ltd (UK), Vitabiotics Ltd (UK), D-LAB Nutricosmetics (France), Skinade (England), Amway (UK), Natrol, LLC (US), SOS Hair Care (UK), WR Group (US), and Pfizer, Inc. (US) as the Key Players in the Global Nutricosmetics Market.


Key Findings of the Study

  • The Global Nutricosmetics Market is expected to register a growth rate of 5.51% from 2019 to 2025.
  • The drinks segment is estimated to register the highest growth rate of 5.69% during the forecast period.
  • On the basis of distribution channel, the store-based segment is expected to hold a larger market share during the forecast period.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

 

collect
0
avatar
akriti verma
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more