The Worldwide Nutracosmetic Industry is Projected to Reach $7.8 Billion by 2031 - ResearchAndMarkets.com
07 Dec 2022
DUBLIN--(BUSINESS WIRE)--The "Nutracosmetic Market By Ingredient, By Application, By Demographic, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
'Nutracosmetic Market By Ingredient, By Application, By Demographic, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031'
The global nutracosmetics market size was valued at $ 3,624.2 million in 2021, and is projected to reach $7,816.7 million by 2031, registering a CAGR of 7.7% from 2022 to 2031.
Nutracosmetics are evolved from combination of products for nutrition and personal care that helps in rejuvenation and protection. Nutracosmetics are used to treat skin, hair, nail, and weight management problems. These products are formulated for hair growth and help reduce hair thinning and encourage hair volume. Available nutracosmetics for nails help to strengthen them and prevent breakage.
These products are consumed in both supplement and liquid forms. Some of the key nutracosmetics ingredients include vitamins (A, B6, and E), omega-3 fatty acids, probiotics, and lutein. These ingredients act as antioxidants and function by controlling and cancelling effects of free radicals, providing skin with anti-inflammatory protection against ultraviolet radiation. Rise in trend of healthy aging is a major factor that boosts growth of the global nutracosmetics market, especially among women.
Rise in penetration of various online portals in developing regions and increase in number of offers & discounts attracts consumers to purchase cosmetic products through online channels. Moreover, online sales channels have increased consumer reach, owing to which it has evolved as a key source of revenue for many companies.
Furthermore, the online sales market is expected to expand in the future, owing to rapid growth in online and mobile user customer bases in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and facility to enter in new international markets for major brands further boost growth of the nutracosmetics market.
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the nutracosmetic market analysis from 2021 to 2031 to identify the prevailing nutracosmetic market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the nutracosmetic market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global nutracosmetic market trends, key players, market segments, application areas, and nutracosmetic market growth strategies.
Key Market Segments
By Application
Skin Care
Nail Care
By Demographic
Male
Female
By Ingredient
Carotenoids
Probiotics
Vitamins
Others
By Distribution Channel
Hypermarket and Supermarket
Pharmacies and Drug Stores
Online Sales Channel
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Switzerland
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest Of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Blackmores Limited
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