As per a study by Fact MR, the global nutricosmetics market is forecast to expand at 5% CAGR over the duration of 2021 to 2031. According to the study, nutricosmetics is gaining popularity among health conscious consumers owing to its organic nature and no side effects. Growth will be considerably high especially in the skincare nutritcosmetics product category.
Skincare benefits of nutricosmetics with regards to prevention of early aging have been attracting consumers from across the world. Emergence of new players and extensive research and development aimed at launching herbal nutritcosmetics products will emerge as a chief growth driver.
According to a study released by U.S. Food and Drug Administration, the hair conditioner manufactured by top market players contains high levels of sulphate. Sulphate clogs the pores and dries the scalp. Rising awareness regarding the sulphate free hair care products are encouraging customers to switch to natural cosmetics. This will pave way for entry of nutricosmetics in skincare.
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“Booming E-commerce and online retail industries and penetration of clinically approved organic cosmetics in the market are expected to present excellent platform for the nutricosmetics market growth”, said a lead analyst at Fact.MR.
Key Takeaways
Prominent Drivers
Key Restraints
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Competitive Landscape
Leading players operating in nutricosmetics market profiled by Fact.MR include E.I. DuPont De Nemours and Company, L’Oreal S.A., Skin side A.G., Croda International Plc, Nutrikosm, Vitabiotics Company, Nestle S.A., The Coca Cola Company, Pfizer Inc., Frutarom Industries Limited, Robinson Pharma Inc., Shiseido Co. Ltd., Ashland Inc., Cargill Inc.There is consolidation the market due to rising number of local and regional players. The key strategies adopted by the leading players are developing more effective and innovative products to expand their global foothold. They are also employing organic growth strategies like launching new products on a consistent basis.
For instance, Herbalife Nutrition launched a range of collagen powders in Malaysia in 2020 as a part of market expansion strategy.
“Indigo marine collagen powder” was launched by Ajinomoto Health and Nutrition, in 2020, effective for revitalizing the skin.
More Valuable Insights on nutricosmetics market
Fact.MR, in its new report, offers an unbiased analysis of the global in nutricosmetics market, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on in nutricosmetics market on the basis of Product type (Supplements, beverages and drinks), primary function (Skin Care Nutricosmetics, Hair and Nail Care Nutricosmetics, Weight Management Nutricosmetics, Multifunctional Nutricosmetics) across regions (North America, Latin America, Europe, Asia Pacific, MEA).
Key Questions Covered in the Report
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