Nutricosmetics Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, Japan, China, UK, Germany - Size and Forecast 2024-2028

Nutricosmetics Market Forecast 2024-2028

The nutricosmetics market size is forecast to increase by USD 1.29 billion, at a CAGR of 5.17% between 2023 and 2028. Our report examines historical data from 2018-2022, besides analyzing the current market scenario. Consumer awareness of the health and beauty benefits is driving the growth rate of the market. In the global markets, companies in the food and beverages segment are expanding their product offerings to include nutricosmetics, capitalizing on consumer trends toward holistic wellness. The launch of new such products by companies like Nestle is expected to boost sales and further fuel market growth. This shift reflects consumer preferences for convenience and consumption of products that promote overall well-being, as identified in industry analysis and forecasts. Additionally, BASF SE company offers products such as vitamins and carotenoids, lutein, and omega-3 fatty acids.

Overview of the Market

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Market Dynamics and Customer Landscape

The market is witnessing significant growth driven by concerns over vitamin deficiencies and various skin issues such as anti-aging, wrinkles, and hair loss. Consumers are increasingly turning to address scalp issues and engage in preventive health management practices against lifestyle diseases. The rise of e-commerce and online presence allows easy access to nutricosmetic products through third-party retailers. Personalized virtual consultations offer tailored solutions, while health supplements with natural ingredients cater to consumer awareness. This trend is particularly prevalent among millennials despite regulatory challenges and legislative challenges in the industry. Overcoming technological challenges, they are redefining oral skin care, offering holistic solutions for overall well-being.

Key Market Driver

Health benefits is the key factor driving the market. Health supplements play a pivotal role in propelling the market forward, with consumer awareness towards beauty care products and dietary supplements that offer a myriad of health benefits. Among these, nutricosmetics stand out as an ideal addition to a well-rounded dietary plan, contributing to the maintenance of an overall healthy lifestyle. Renowned for their ability to preserve beauty, combat photoaging, and provide sun protection, also excel in softening wrinkles and enhancing skin elasticity. With their seamless integration into daily routines and beauty regimens, these supplements promise visible results with minimal effort.

Moreover, the detrimental effects of photoaging, stemming from prolonged exposure to UV light, are effectively countered by nutricosmetics. Rich in antioxidants removes vitamin deficiencies like vitamins C and E, lycopene, green tea polyphenols, beta carotene, and cocoa flavanols, these supplements shield the skin from UV-induced damage. Consequently, the multitude of health benefits offered is poised to drive consumer demand, fostering market growth throughout the forecast period.

Significant Market Trends

Growing focus on developing patented variants is the primary trend shaping the market. Companies operating in the market in focus offer differentiated products to achieve a competitive edge. Hence, they are greatly focusing on using patented processes or patented ingredients for developing these products. The patented variants of such products offer additional cosmetic benefits.

For instance, ActivInside offers SkinA, a unique patent-pending anti-aging formula of natural antioxidants, which combines French grape seed (Vitis vinifera L.) and melon (Cucumis melo L.) extracts. As a result, owing to the trend of growing focus of market players on developing patented variants, the global market is expected to witness significant growth during the forecast period. 

As disposable income rises, consumers seek both convenience and sustainability. Membrane technology addresses this demand, facilitating the development of eco-friendly packaging and disposable products. In conclusion, membranes are driving innovation across industries, from automotive engineering to agricultural practices and beyond. With their versatility and efficiency, membranes are reshaping how we approach safety, consumer confidence, and convenience in today's rapidly evolving world.

Major Market Challenges

The availability of substitute products is a major challenge impeding the market expansion. Skincare products are being widely used by individuals across the world. Consumers buy beauty products such as anti-aging creams, moisturizing creams, cleansers, and rehydrating creams to avoid wrinkles on the skin. Vendors offering these products are expanding their product portfolio by launching new variants.

Moreover, the increasing availability of such skincare products can affect the adoption and sales of nutricosmetics during the forecast period. As many consumers prefer using skincare products externally, the demand for skin care products such as creams, gels, and oils, which are applied externally, is likely to increase. Substitute products are priced less than nutricosmetics. These factors can hamper the potential growth of the global nutricosmetics market during the forecast period.

Market Segment

By Product

The market share by the dietary supplements segment will be significant during the forecast period. Nutricosmetics dietary supplements have anti-aging properties. They are available in the form of capsules, pills, powders, gels, and extracts in the market. Nutricosmetics dietary supplements available as powders can be added to water, juices, and smoothies. They are also available in convenient packs for easy storage and carrying.

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The dietary supplements segment showed a gradual increase in the market share of USD 3.16 billion in 2018. Further, the dietary supplements segment is witnessing various product launches FOSHU-certified dietary supplements ensure that the product is officially approved for use by consumers. The specified use of the new dietary supplement is to prevent skin dryness. Market players are launching plant-based variants of dietary supplements. Product launches in the dietary supplement segment will increase the demand for nutricosmetics dietary supplements and accelerate the growth momentum of the market in focus during the forecast period.

The food and beverage segment of the market is expanding rapidly as people discover the relationship between nutrition and beauty. This section focuses on ingestible solutions that provide skincare advantages from within, using functional elements in food and beverages to improve overall attractiveness and well-being. Further, customers are drawn to these products because they provide a simple method to add beauty-enhancing chemicals into their daily routines. Furthermore, the food and beverage segment is predicted to rise steadily as beauty-conscious customers increasingly use such products that combine efficacy with indulgence. This is expected to drive the overall growth of the market during the forecast period.

Regional Analysis

APAC is estimated to contribute 50% to the growth of the global market during the forecast duration.

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast years. Japan and China are among the major markets at the regional and global levels. The growing adoption is luring market players to APAC. Such expansions by companies operating in the market can increase sales and accelerate the growth momentum of the market in the region.

Further, the market in the region is facing certain challenges, the high price of being one of them. Consumers can purchase other skincare products at lower prices. A large consumer base in various countries, such as India, has a strong inclination toward natural beauty care treatments, for example, Ayurvedic treatment. These factors can negatively affect sales and hamper the potential growth of the market in the region during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Key Offering- ActivInside: The company offers products such as Belight3, Skinax2, Memophenol, Safr Inside and Improve D3.

Key Offering- Air Liquide SA:  The company offers products such as CeramosidesTM, CeramosidesTM HP, Sepibliss and SEPITONE through the subsidiary brand Seppic.

The  Market  growth and forecasting report also includes detailed analyses of the competitive landscape of the market research and growth and information about 20 market companies, including:

Amway Corp., Beiersdorf AG, FunctionaLab, GliSODin Int, GNC India, Herbalife International of America Inc., International Flavors and Fragrances Inc., Kirin Holdings Co. Ltd., Lonza Group Ltd., LOreal SA, Miranda Kerr Pty Ltd., Nestle SA, NEXIRA, Reviderm AG, Shiseido Co. Ltd., Suntory Holdings Ltd., and Vitabiotics Ltd.

Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Product Outlook
  • Dietary supplements
  • Food and beverages

• Distribution Channel Outlook
  • Offline
  • Online

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing significant growth driven by increasing awareness of skin issues and hair loss, coupled with rising demand for preventive health management practices. As lifestyle diseases escalate healthcare costs, consumers turn to holistic solutions. With the surge in e-commerce and online presence, brands leverage third-party retailers like Amazon to reach wider audiences. Personalized virtual consultations enhance customer experiences, particularly among millennials seeking nutraceutical-based products. Moreover, regulatory, legislative, and technological challenges persist. Market trends indicate a shift towards oral skincare and a beauty-from-within approach, emphasizing natural ingredients and eco-conscious practices. Manufacturers innovate with clinically studied active ingredients like Pycnogenol, catering to health-conscious consumers through diverse distribution channels such as pharmacies, retail stores, and online retail platforms.

However, the market faces regulatory and legislative challenges regarding market regulations and parabens. Emerging trends highlight the significance of nutrients like Vitamin A and naturally occurring active ingredients such as mushrooms and seaweed. With a focus on skin tone and catering to the elderly population, nutricosmetics adapt to diverse dietary patterns. Products come in various forms including tablets and gummies in the dermatology arena, ensuring bioavailability and undergoing rigorous form analysis and application analysis. They are available in supermarkets, drug stores, specialty stores, and both online and brick-and-mortar stores.

In today's fast-paced world, accelerated aging and skin blemishes like acne are common concerns for many. As people strive for youthful appearances and clear complexions, they often seek solutions containing active nutritional ingredients and adaptogens. These powerful components, found in both traditional Ayurveda and modern skincare, are believed to help combat signs of aging and promote skin health using Face masks and nutraceuticals. In pursuit of aesthetic perfection, individuals may turn to aesthetic procedures offered by the beauty industry becasue of nutritional deficiencies. However, amidst the plethora of options available, authenticity becomes crucial. This is where Ayurveda, with its holistic approach to wellness, and emphasis on balance through a balanced diet and nutrition, gains prominence. Ayurvedic principles advocate for nourishing the body from within, promoting not only external beauty but also overall well-being. Beauty routines incorporating botanicals and natural plant extracts are increasingly favored, as they align with the growing preference for cleaner, more natural alternatives. Claims of beauty enhancement abound in the cosmetics sector, with beauty product manufacturers constantly innovating to meet consumer demands.

Despite advancements in the beauty industry, concerns linger regarding the potential risks associated with chemical cosmetics. As awareness of the link between certain chemicals and health issues, including cancer, grows, there is a shift towards safer, more sustainable options. In essence, achieving beauty is not merely about outward appearances but also about nurturing the body and soul. By embracing authentic practices like Ayurveda, maintaining a balanced diet, and opting for products with natural botanicals, individuals can promote beauty from within while safeguarding their health and well-being. As the beauty industry continues to evolve, prioritizing both external and internal wellness will remain paramount. 

In today's dynamic landscape, safety and efficiency are paramount across a spectrum of industries. Membrane technology is proving to be a game-changer, offering innovative solutions in various sectors, from agricultural applications to automotive manufacturing. Automotive manufacturers are increasingly integrating advanced membranes into diesel engines, enhancing performance while minimizing emissions, thereby boosting consumer confidence in environmentally-friendly vehicles. Moreover, in agriculture, membranes are revolutionizing animal handling processes, prioritizing safety and welfare while streamlining operations. In combat settings, membrane-based equipment ensures lightweight yet robust solutions, empowering soldiers with enhanced mobility and protection. Simultaneously, diverse ATV models now feature membrane-based storage systems, providing a convenient and secure means to transport supplies and equipment in rugged terrain.

 

Nutricosmetics Market Scope
Report Coverage	Details
Page number	166
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 5.17%
Market Growth 2024-2028	USD 1.29 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	4.67
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 50%
Key countries	US, Japan, China, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	ActivInside, Air Liquide SA, Amway Corp., BASF SE, Beiersdorf AG, FunctionaLab, GliSODin Int, GNC India, Herbalife International of America Inc., International Flavors and Fragrances Inc., Kirin Holdings Co. Ltd., Lonza Group Ltd., LOreal SA, Miranda Kerr Pty Ltd., Nestle SA, NEXIRA, Reviderm AG, Shiseido Co. Ltd., Suntory Holdings Ltd., and Vitabiotics Ltd.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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