Nutricosmetics Market Size
The Global Nutricosmetics Market reached USD 8.5 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 17.4 billion by 2031. The market is growing at a CAGR of 9.3% during the forecast period 2025-2032. Consumers are becoming more aware of the connection between what they eat and the appearance of their skin.
This has increased demand for Nutri cosmetics that provide skin-enhancing benefits. Nutraceuticals are functional foods or supplements that provide health benefits beyond basic nutrition are mostly used in the nutricosmetics.
Women are highly interested towards beauty supplements which helps to boost the market growth in the forecast period. Rising consumer awareness regarding grooming and skin health coupled with busy lifestyle impacts the growing skincare nutricosmetics segment.
Nutricosmetics Market Scope
| Metrics | Details |
| CAGR | 9.3% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (USD ) |
| Segments Covered | Type, Application, Ingredient and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America and Middle East & Africa |
| Fastest Growing Region | Asia-Pacific |
| Largest Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Nutricosmetics Market Dynamics
Rising Global Geriatric Population is Driving the Market
The global nutricosmetics market is driven by factors such as aging population, development of multi-benefit products, rising concern towards health and beauty, and increasing demand for minimum invasive beauty treatments. Trend of “beauty from within” is gaining acceptance among consumers, particularly among aging populations in developed economies.
According to predictions from the United Nations, by 2050 21% of the global population will be aged 60 years or older, compared with 10% in 2000 and 8% in 1950 as the geriatric population is increasing demand for the nutricosmetics increase.
Growing Popularity of Wellness and Self-Care Products
The growing popularity of wellness and self-care products has led to increased demand for nutricosmetics and nutraceuticals as consumers seek out products that support overall health and well-being. An increase in new product launches by prominent key players also helps to boost regional growth over the forecast period.
For instance, On December 19 2022, Nutrilitius expanded its Product Portfolio by launching new gummy supplements in the market. These supplements help to strengthen bones and boost metabolism, immunity, digestion, liver health, and sexual function.
Nutricosmetics Market Segment Analysis
The global nutricosmetics market is segmented based on type, application, ingredient and region.
Increase in the Product Launches by Key Players Helps to Boost Supplement Segment Growth
Dietary supplements evolved as the most established and widely used mode of nutrient intake across the globe. These formulations are consumed as supplement to regular diets to ensure adequate nutritional supply to the body. The ease of ingestion and accurate supply of nutrients made dietary supplements as the preferred choice. For instance, on 9 Feb 2022, Amway launched nutrition supplement in gummies and jelly strips under brand name Nutrilite.
Nutricosmetics Market Geographical Share
The Increasing Demand for Nutricosmetics Products Products in Asia Pacific
By region, the global nutricosmetics market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east and Africa.
Asia-Pacific accounted for the largest market share due to the increase in the consumers demand for the nutricosmetics. Japan is the leading market for nutricosmetics globally, with market players emphasizing innovation to develop new types and forms of nutricosmetics. Increase in the geriatric population in Japan helps to boost regional growth.
According to the world bank data, in 2021, Japan accounted more than 37,436,889 people above age 65. Japan’s people aged 65 and older make up a quarter of its total population, estimated to reach a third by 2050.
However, the market in India is expected to exhibit the highest growth rate during the forecast period due to the rapid introduction of nutricosmetics products in the region. Also, an increase in the consumer’s demand for antioxidants, omega-3, probiotics, vitamins, minerals and anti-aging supplements helps to boost regional growth.
Nutricosmetics Market Major Players
The major global players include Gelita AG, Functionalab, Herbalife Nutrition, Amway, Lucas Meyer Cosmetics, Vitabiotics Ltd., Origo Cosmeceuticals Private Ltd, GNC Holdings Inc, Sabinsa Cosmetics, Robis S.L.
COVID-19 Impact on Market
The COVID-19 pandemic has had a mixed impact on the nutricosmetics market. The pandemic has led to a renewed focus on health and wellness, which has benefited the nutricosmetics industry. Consumers are increasingly seeking out products that promote overall health and well-being, including those that support healthy skin.
The pandemic has caused disruptions to global supply chains, which has impacted the nutricosmetics industry. Manufacturers have struggled to source raw materials, and shipping delays have led to product shortages and increased costs.
The economic impact of the pandemic has led to reduced consumer spending in many regions, which has affected sales of nutricosmetics products. Consumers may be less likely to purchase premium-priced products or be more selective in their purchases.
Key Developments
- On March 30, 2023, Symrise launched a range of Diana food bioactive for beauty within products. The product brand offers various anti-aging, skin-brightening, and hair- and nail-care products.
It is made up of bibioactivehat are naturally sourced, including collagen type I, vitamins C and A, and polyphenols from different fruits. With its selection of cosmetic components, Symrise has a lengthy history in the beauty sector.
- On April 21, 2023, Biosil launched biosil advanced hair and nail care, biosil collagen generator plus and biosil healthy aging in the United States. management and healthy metabolism. More than 1,800 Walmart locations, as well as online and on Biosil.beauty, carry these goods.
- On January 03, 2023, Neutrogena launched 3D printed technology for the beauty supplements. The legendary skincare company is propelled into the D 3.3 billion beauty vitamin market by AI and 3D technologies.
Why Purchase the Report?
- To visualize the global nutricosmetics market segmentation based on type, application ingredient and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of nutricosmetics market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key product of all the major players.
The Global Nutricosmetics Market Report Would Provide Approximately 61 Tables, 54 Figures And 195 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
