The global nutricosmetics market grew at a CAGR of around 7% during 2014-2019. Nutricosmetics are nutritional supplements formulated using vitamins, minerals, amino acids, botanical extracts and antioxidants. They help absorb nutrients and active ingredients into the bloodstream and circulate them throughout the body to stimulate the natural production of essential molecules. They also nourish the structure of the skin from within, maintain a healthy skin renewal rate, protect the skin from environmental stressors and control biochemical reactions that can lead to skin aging. At present, nutricosmetics are gaining traction worldwide as they complement topical skincare products to enhance the overall physical appearance.
Nutricosmetics provide targeted and sustainable effects on the overall health and appearance of the skin, hair and nails. The growing emphasis on maintaining physical appearance and the rising demand for natural beauty products are among the key factors strengthening the global nutricosmetics market. Moreover, as the function of aging defense mechanisms (ADMs) decline with age, the skin becomes more vulnerable to the damaging effects of aging aggressors. This, in confluence with the rising utilization of anti-aging products to maintain youthful skin, is acting as another major growth-inducing factor. Furthermore, due to the increasing working population and busy lifestyles of individuals, leading players are offering smaller-sized product variants with convenient packs. Besides this, the spread of the coronavirus disease (COVID-19) and lockdowns imposed by governments of numerous countries have escalated the demand for wellbeing and personal care products, including nutricosmetics, through e-commerce channels worldwide. This, in turn, is anticipated to drive the market in the upcoming years. Looking forward, IMARC Group expects the global nutricosmetics market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global nutricosmetics market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on region, ingredient, product and distribution channel.
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The report has also analysed the competitive landscape of the market with some of the key players being Amway, BASF SE, Bayer AG, Beiersdorf (Maxingvest AG), Blackmores Ltd., Herbalife Nutrition Ltd., Otsuka Holdings Co. Ltd., Pfizer Inc., Reckitt Benckiser, Suntory Holdings Limited (Kotobuki Realty Co. Ltd.) and Unilever.
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