A new Report by Delvens, titled "Nutricosmetics Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global Nutricosmetics Market size is projected to reach a CAGR of 7.7% from 2023-2030.
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Nutricosmetics are specialized products that are designed to aid health and beauty. Nutricosmetics are prepared with the incorporation of nutraceutical ingredients and have the potential to improve overall health. Orally deliverable nutricosmetics are gaining significant attention from consumers due to their efficacy to boost overall skin or hair health by providing nutrition from the inside.
The growth of the market can be attributed to various factors such as rising consumer awareness regarding skin and hair problems, increasing demand for nutricosmetics in developed nations, growing elderly population that will foster the market growth and awareness towards preventive health management practices.
Regional Analysis
Europe to Dominate the Market
Europe currently enjoys the major Nutri cosmetics market share and is expected to continue its dominance during the forecast years, owing to higher penetration of nutricosmetics products in the European market, along with rising product launches in prominent countries of the region.
The rising elderly population in Europe is another prominent reason which is expected to boost the nutricosmetic market of the region.
Competitive Landscape
• Herbalife International Inc,
• FIT & GLOW HEALTH CARE PVT LTD
• GLISODIN SKIN NUTRIENTS
• BASF
• Functionalab
• Activ'Inside
• Amway
• Blackmores Limited
• Beiersdorf AG
• REVIDERM AG
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Recent Developments:
• In August 2022, Amway committed to a second-round investment with Holzapfel Effective Microbes (HEM), a company that supports people with incurable diseases related to microbiome dysfunction..
• In April 2022, Nykaa bought a 60% share in Nudge Wellness, marking Nykaa's entry into the nutricosmetics business. Nykaa is an Indian e-commerce company selling beauty, wellness, and fashion products.
• In August 2021, Herbalife Nutrition announced the launch of its multi-ingredient beauty supplement "Herbalife SKIN LycoGlow", based on Lycored Nutrient Complex, a tomato extract procured from an Israeli firm Lycored.
Nutricosmetics Market is segmented into various segments such as ingredients, application, and region:
On the basis of ingredients
• Carotenoids
• Vitamins
• Omega 3 Fatty Acids
• Others
On the basis of the application
• Skincare
• Haircare
• Personal Care
• Weight Management
• Others
On the basis of region
• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
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In addition to the market data for Nutricosmetics Market, Delvens offers a client-centric report customized according to the company’s specific demand and requirement.
Frequently Asked Questions
What are the years considered to study Nutricosmetics Market?
The Nutricosmetics Market is studied from 2023-2030.
What is the compound annual growth rate (CAGR) of the Nutricosmetics Market?
The Nutricosmetics Market is growing at a CAGR of 7.7% during the forecast period.
Which region holds the largest market share in Nutricosmetics Market?
Europe holds the highest share in 2022 for Nutricosmetics Market.
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