Nutricosmetics Market Size, Share & Growth | Forecast [2031]
Nutricosmetics Market Size, Share & Growth | Forecast [2031]
Segments - Nutricosmetics Market by Forms (Gummies & Soft Chews, Tablets & Capsules, Powder, and Liquid), Product Types (Nail Care, Skin Care, and Hair Care), Distribution Channels (Specialist Stores, Supermarkets/Hypermarkets, Online Retail, Drug Store/Pharmacies, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :FB-3993
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Report Description
The global nutricosmetics market size is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising consumer awareness regarding the skin and hair problems across the globe.
The nutricosmetics are vital ingredients, produced as the mixture of nutraceuticals and cosmetics, which act as nutritional supplements to enhance and maintain natural beauty of especially hair, skin, and nails. Nutricosmetics is a latest and emerging trend in the cosmetics industry as it offers better result as compared to traditional cosmetic products in terms of skin glow and hair growth. These nutrients are absorbed orally and supply nutrients wherever the hair, scalp, or the skin require any supplements.
These cosmetic products aid in offering functional ingredients that are useful for several health benefits including minerals such as copper, vitamin E, C, and carotenoids. Such minerals help in the formation of collagen and regenerating the skin from within as well as provide protection from UV rays.
The COVID-19 pandemic outbreak had negatively impacted the global nutricosmetics market. During the pandemic, emergency lockdown imposed by government body had forced to temporary shutdown of stores and manufacturing plants of functional ingredients as part of policies to curb the virus spread. As a result, the supply chain of nutricosmetics had been completely disrupted across the globe. The market is expected to recover soon with an uptrend operation due to subsiding COVID cases and manufacturing plants resuming their operations with limited workforce.
Market Trends, Drivers, Restraints, and Opportunities
- Changing preferences of consumers towards nutritional and functional health supplements due to changing lifestyle is one of the key factors driving the market.
- Surging demand for natural skin and hair care products owing to rising health-consciousness is projected to boost the market during the forecast period.
- Increasing complexity in regulatory, legislative, and technological aspects act as major challenges that can restrict the market growth in the coming years.
- Stringent government policies in developed economies regarding the use of ingredients for orally consumed products is expected to hamper the market growth during the projected timeline.
- Expansion of the pharmaceutical industry and massive R&D programs associated with nutricosmetics is anticipated to create significant growth opportunities for the market.
Scope of the Report
The report on the global nutricosmetics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Nutricosmetics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Forms (Gummies & Soft Chews, Tablets & Capsules, Powder, and Liquid), Product Types (Nail Care, Skin Care, and Hair Care), and Distribution Channels (Specialist Stores, Supermarkets/Hypermarkets, Online Retail, Drug Store/Pharmacies, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
GlaxoSmithKline PLC; Suntory Holdings Ltd.; Herbalife Nutrition Ltd.; Amway Corp.; and GNC Holdings, Inc. |
Market Segment Insights
Powder segment to grow at high CAGR
In terms of forms, the market is divided into gummies & soft chews, tablets & capsules, powder, and liquid. The powder segment is estimated to grow at high CAGR during the forecast period owing to wide adoption of nutricosmetics powder as it is easy to store, handle, and get easily mixed with many products and drinks. On the other hand, the tablets & capsules segment is anticipated to register significant growth during the projected period attributed to increasing demand of nutricosmetics tablets as it contains the blend of various dietary supplements.
Skin care segment to grow at rapid pace
Based on types, the global nutricosmetics market is fragmented into nail care, skin care, and hair care. The skin care segment is expected to grow at a rapid pace during the forecast period due to the increasing inclination of consumers towards high-quality skincare products that consist of potential nutrients for healthy skin. Furthermore, growing geriatric population and rising skin issues such as skin ageing and sagging are major drivers of the segment. However, the hair care segment is projected to expand at a substantial growth rate in the coming years attributed to the changing fashion trends along with rising demand for safe, natural, and effective hair care products from the consumers.
Growing inclination of consumer drives the online retail segment
On the basis of distribution channels, the market is segregated into specialist stores, supermarkets/hypermarkets, online retail, drug store/pharmacies, and others. The online retail stores segment is projected to expand at robust growth rate during the forecast period due to the growing inclination of consumer towards online shopping. Additionally, the online stores have wide operations across the global, which increases the opportunities of sales drive. On the other hand, the supermarket/hypermarkets segment is anticipated to expand at a substantial CAGR during the forecast period attributed to the easy accessibility of the market stores by the targeted population.
North America to constitute a key market share
In terms of geography, the global nutricosmetics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the presence of the well-established cosmetic industry and increasing demand for nutricosmetics such as UV protection and wrinkle-smoothing products.
Moreover, the rising disposable income of consumers in the region presents another key driver of the regional market. However, the market of Europe is anticipated to grow at a rapid pace during the forecast period due to the rapidly increasing consumer base for nutricosmetics and rising inclination of people towards adapting new methods of beauty enhancement and personal care using nutricosmetics.
Segments
Segments Covered in the Report
The global nutricosmetics market has been segmented on the basis of
Forms
- Gummies & Soft Chews
- Tablets & Capsules
- Powder
- Liquid
Types
- Nail Care
- Skin Care
- Hair Care
Distribution Channels
- Specialist Stores
- Supermarkets/Hypermarkets
- Online Retail
- Drug Store/Pharmacies
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- GlaxoSmithKline PLC
- Suntory Holdings Ltd.
- Herbalife Nutrition Ltd.
- Amway Corp.
- GNC Holdings, Inc.
Competitive Landscape
Key players competing in the global nutricosmetics market are GlaxoSmithKline PLC; Suntory Holdings Ltd.; Herbalife Nutrition Ltd.; Amway Corp.; and GNC Holdings, Inc. Companies are focusing on investment in R&D for development for advancements in packaging and delivery system of nutricosmetics to gain their competitive edge in the market. Companies have been widely engaged in collaborations, merger & acquisition, strategic partnership, and new product launch to boost their market share and acquire new buyers.
For instance, in August 2021, Herbalife Nutrition, a US-based company that offers meal replacement dietary supplements, protein shakes, and skin care products, announced the launch of "Herbalife SKIN LycoGlow" a multi-ingredient beauty supplement based on Lycored Nutrient Complex. The nutrient complex was made from minerals such as lycopene and other carotenoids found in the tomato. In August 2021, Beauty Kitchen, a United Kingdom-based Indie brand launched its new business venture of a vegan vitamin gummies brand, which offers three plant-based vitamin gummies namely Vitamin Kitchen. The range included a nail, skin, and hair product made using a combination of zinc, biotin, and vitamin C packed in a heat-sealed and recyclable pouch, to protect the gummies. This range of products has been made available online through the British retailer Planet Organics' stores & website and company's own website.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Nutricosmetics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Nutricosmetics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Nutricosmetics Market - Supply Chain
4.5. Global Nutricosmetics Market Forecast
4.5.1. Nutricosmetics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Nutricosmetics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Nutricosmetics Market Absolute $ Opportunity
5. Global Nutricosmetics Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Nutricosmetics Market Size and Volume Forecast by Types
5.3.1. Nail Care
5.3.2. Skin Care
5.3.3. Hair Care
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Nutricosmetics Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Nutricosmetics Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Nutricosmetics Demand Share Forecast, 2019-2026
7. North America Nutricosmetics Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Nutricosmetics Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Nutricosmetics Market Size and Volume Forecast by Types
7.4.1. Nail Care
7.4.2. Skin Care
7.4.3. Hair Care
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Nutricosmetics Demand Share Forecast, 2019-2026
8. Latin America Nutricosmetics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Nutricosmetics Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Nutricosmetics Market Size and Volume Forecast by Types
8.4.1. Nail Care
8.4.2. Skin Care
8.4.3. Hair Care
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Nutricosmetics Demand Share Forecast, 2019-2026
9. Europe Nutricosmetics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Nutricosmetics Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Nutricosmetics Market Size and Volume Forecast by Types
9.4.1. Nail Care
9.4.2. Skin Care
9.4.3. Hair Care
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Nutricosmetics Demand Share Forecast, 2019-2026
10. Asia Pacific Nutricosmetics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Nutricosmetics Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Nutricosmetics Market Size and Volume Forecast by Types
10.4.1. Nail Care
10.4.2. Skin Care
10.4.3. Hair Care
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Nutricosmetics Demand Share Forecast, 2019-2026
11. Middle East & Africa Nutricosmetics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Nutricosmetics Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Nutricosmetics Market Size and Volume Forecast by Types
11.4.1. Nail Care
11.4.2. Skin Care
11.4.3. Hair Care
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Nutricosmetics Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Nutricosmetics Market: Market Share Analysis
12.2. Nutricosmetics Distributors and Customers
12.3. Nutricosmetics Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. GlaxoSmithKline PLC
12.4.2. Suntory Holdings Ltd.
12.4.3. Herbalife Nutrition Ltd.
12.4.4. Amway Corp.
12.4.5. GNC Holdings, Inc.
Methodology
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