Nutricosmetics Market
Nutricosmetics are health products which are orally consumed that are processed from cosmeceutical and nutraceutical products which contains anti-oxidants that are useful for the treatment of skin, nail and hair defects. The natural arrangement of nutricosmetics are available as tablets, drinks, jellies and pills. Increasing consumer awareness about wellbeing in Europe and North America is the key factor of the growth of the global nutricosmetics market during 2023-2030. The market for nutricosmetics is expected to grow at a CAGR of 11.76% during the forecast period. Rapidly increasing awareness among the people on skin care and oral care, growing urbanization population, busy lifestyles are some of the factors which is in turn projected to propel the market for nutricosmetics during the forecast period. Increasing popularity of ready to drink nutricosmetics beverages, preference for effective and safe beauty solutions boosts the sales of cosmetics supplements, and growing consumer awareness toward prevention of pre-mature skin aging are expected to fuel the growth of the market for nutricosmetics.
Nutricosmetics are primarily taken in two forms- solid and liquid. The nutricosmetics products are taken orally either as liquids or pill. These products of nutricosmetics is expected to gain traction among the busy lifestyles as it takes less time compare to other cosmetics that are needed to apply over the body during the forecast period. The nutricosmetics market is expected to be highly driven by the cosmetics market and is expected to retain the trend during the forecast period.
Market Dynamics
North America dominated the market in 2022 and the trend is expected to remain the same during 2023-2030. The increasing demand for nutricosmetics in various applications such as skin care, hair care, oral care, sun protection along with others, due to rise in consumer awareness towards health and beauty over the years, 2021-22, is the major driving force to position North America as the largest region in the global nutricosmetics market. For instance, on September 2022, announced an extension of its multi-year partnership with Pfizer to use CytoReason’s artificial intelligence technology for Pfizer’s drug development programs. Under the terms of the agreement, Pfizer will make a $20M equity investment, have options to license CytoReason’s platform and disease models, and fund supplementary project support, in a deal potentially worth up to $110M over the next five years.
Market Taxonomy
This report segments the global nutricosmetics market on the basis of product types, forms and applications. On the basis of product types, the market is segmented as vitamins, carotenoids, omega-3 fatty acids, and others. On the basis of forms, the global nutricosmetics market is segmented into solid and liquid. On the basis of application, the global nutricosmetics market is segmented into skin care, hair care, oral care, sun protection and others. Moreover, caretenoids is the largest product segment, accounting for over 40% share of the global nutricosmetics market in 2022, while, omega-3 fatty acids is projected to be the fastest growing product segment and expected to grow at a CAGR of 11.75% in terms of revenue during the forecast period.
Key features of the study:
Detailed Segmentation:
Table of Contents
“*” marked represents similar segmentation in other categories in the respective section.
*Browse 90 market data tables and 40 figures on "Nutricosmetics Market - Global forecast to 2030”.
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