Nutricosmetics Market

Nutricosmetics Market Outlook (2023-2033)

The global nutricosmetics market is set to increase from a valuation of US$ 5 billion in 2023 to US$ 8.2 billion by 2033-end, Expanding at a CAGR of 5%

Demand for supplements is estimated to rise at a CAGR of 5.4% due to their numerous advantages for the skin, including the ability to smooth out roughness and improve elasticity.

Nutricosmetics are products that provide nutritional values for skin, hair, and nail care. Products are developed using natural elements such as bark, fruits, oils, and seeds. Additionally, coenzyme Q10, fruit extracts, and green tea are some other commonly used substances for the development of nutricosmetics.

Specialist products for health and beauty are called nutricosmetics. Nutraceutical ingredients used in nutricosmetics, which are cosmetics, may aid in improving overall health. Because orally ingestible nutricosmetics can enhance general hair and skin health by nourishing from within, customers are growing more and more interested in them.

Demand for these products is mostly driven by claims of clean labels and aesthetic enhancement. The global market for nutricosmetics is expanding as people become more conscious of skin issues, including wrinkles and anti-aging. The market is expected to grow and develop due to increased healthcare spending and the burden of infections and lifestyle diseases.

Rising awareness regarding the harmful effects of synthetic cosmetic chemicals and health benefits associated with nutricosmetics are driving market growth across geographies. Consumers concerned about their health are attempting to turn their attention to organically derived products such as nutricosmetics that offer additional health advantages beyond their normal uses. For instance, individuals are seeking products that can provide internal health satisfaction in addition to external beauty.

The primary trend in the nutricosmetics industry is the creation of new products. Increasing accessibility can help customers adopt nutricosmetics, a trend gaining ground in the health industry. In particular, the aging population is driving significant growth in the worldwide nutricosmetics market.

The global market is expanding as a result of factors, including growing medical healthcare expenditures, an increase in demand for natural products due to their reduced side effects, and increased popularity among the aging population. One of the key factors propelling the market is the rising concern for beauty among consumers.

Concerning the general well-being and aesthetics of the skin, hair, and nails, nutricosmetics offer focused and long-lasting effects. One of the main reasons supporting the market is the increasing emphasis on preserving one's physical appearance and the rising demand for natural beauty products. Moreover, as aging defense mechanisms (ADMs) lose their effectiveness, the skin is left more open to the harmful impacts of aging aggressors. This is a significant growth-inducing factor, along with the increased use of anti-aging products to maintain youthful skin.

Customers favor nutritional supplements and cosmetics because they provide a variety of health advantages. A balanced diet and nutricosmetics are thought to be the best dietary allies for sustaining a generally healthy lifestyle. Nutricosmetics promise visible effects with relatively little effort and are simple to include in daily routines and cosmetic regimens. Collagen peptide-containing nutricosmetics can aid in the reduction of wrinkles around the eyes.

Report Attributes	Details
Nutricosmetics Market Size in 2023	US$ 5 Billion
Projected Market Value (2033)	US$ 8.2 Billion
Global Market Growth Rate (2023-2033)	5% CAGR
Market Share of Skin Care Nutricosmetics	50%
Key Companies Profiled	Nutrikosm Shiseido Co. Ltd. Amway GNC Holdings Inc. KORA ORGANICS Fit & Glow Healthcare Private Limited Herbalife Nutrition Ltd Blackmores Limited PurpleRock UTA Opco LLC GlaxoSmithKline PLC Suntory Holdings Limited Robinson Pharma Inc. Ashland Inc. Vitabiotics Company

Which Factors are Inducing More Demand for Nutricosmetics?

“Increasing Adoption of Nutricosmetics Due to Their Many Health Advantages”

When the skin is exposed to UV light, photoaging takes place and greatly contributes to the development of brown spots and deep wrinkles, which are apparent indicators of aging. Antioxidants found in nutricosmetics shield the skin from UV damage. To stall the aging process, collagen in the skin must be maintained.

For the treatment of arthritis and to maintain healthy joints, nutricosmetics are employed as dietary supplement ingredients. Because these cosmetics have so many health advantages, more people would buy them, which will quicken market growth pace over the projection period.

“Surging Preference for Organic Cosmetics”

Organic cosmetics are those that are produced without the use of parabens, synthetic ingredients, artificial perfumes, sulfates, phthalates, or petrochemicals. Customers prefer nutricosmetic products over conventional cosmetics that are full of chemicals. These chemical-based products are typically more abrasive to the skin and can have several negative side effects. Natural products do not have these side effects and are kinder to the skin.

Conventional cosmetic products contain chemicals that penetrate the skin and enter the bloodstream, which can cause a variety of diseases such as cancer and hormonal imbalance. Increasing side effects of chemical-based products have made a preference for organic cosmetics a major market driver for skin care ingredients worldwide.

What May Affect the Sales of Nutricosmetics?

“Availability of Substitutes and Consumer Perceptions of Potential Side Effects of Nutricosmetics”

One significant issue limiting market growth is the availability of alternative products. Skincare products are being widely used by people across the world. The cost of substitutes is lower than that of nutricosmetics.

Strict limitations on the use of ingredients in products, a longer time for results to manifest and consumer perceptions of potential side effects of nutricosmetics are the factors hampering market expansion.

What is the Start-up Ecosystem Like in This Market?

“New Companies Focused on Investing in R&D Initiatives to Broaden Product Line”

Demand for nutricosmetics is primarily driven by beauty enhancement and clean label promises, and the industry is fragmented and fiercely competitive with a significant number of regional and international companies. More start-ups are entering the market as a result of growing consumer awareness of brand expertise. New entrants are making considerable investments in R&D initiatives to create new ingredients and broaden the product line.

• A new class of gut bacteria-based cosmetics is being developed by a start-up based in the U.S. named veMico. The Y Skin nutricosmetic from the start-up is built on Bifidobacteria that was taken from the human gut microbiome. By reducing hormonal imbalance and gastrointestinal inflammation, it enhances skin health from the inside out. Vemico's AI and synthetic biology integrated treatments platform makes it possible to create cosmetics for a variety of uses, including stress reduction, dieting, and anti-aging.

Which Region Offers Great Potential for Manufacturers of Nutricosmetics?

“Rapid Implementation of Favorable Regulations in Europe”

Europe holds 40% share of the global market due to a rise in shifting consumer habits. The increase can also be linked to people's growing desire to experiment with novel nutricosmetics personal care and beauty enhancing techniques.

Over the projection period, market growth would also be aided by growing anti-aging product sales and the implementation of favorable regulations.

Country-wise Insights

What are the Growth Prospects for Nutricosmetics in Japan?

“Growing Popularity of Organic Cosmetics”

The market in Japan is anticipated to increase as a result of hectic schedules, the increasing popularity of organic cosmetics among the population, and the growing desire for skin grooming.

The wide range of salons and professional make-up artists, the rapid expansion of the beauty industry, and numerous international brands are boosting market expansion.

Why are Nutricosmetic Product Sales Rising across the U.S.?

“Rising Adoption of Online Distribution Platforms to Sell Nutricosmetics”

The U.S. is the leading market in North America owing to high disposable income and rising awareness among people regarding the ill effects of synthetic products. Moreover, nutrient deficiency in the U.S. is compelling people to use nutricosmetic products.

Growing adoption of online distribution platforms to sell nutricosmetics, and an increase in product introductions are supporting market expansion.

How is Germany Aiding Market Growth in Europe?

“Huge Demand for Multi-functional Items in Germany”

Germany has established a significant market for nutricosmetic products in Europe thanks to its reputation for formula innovation and manufacturing business service qualities.

High participation of women in the workforce, high spending on cosmetic products, and growing consumer demand for multi-functional items are the elements boosting market value in Germany.

Category-wise Insights

Which Primary Function is Bolstering Demand for Nutricosmetics?

“Skin Care Nutricosmetics Gaining Traction De to Their Efficacy in Treating Skin Conditions”

Based on primary function, the market is segmented into skin care, hair & nail care, weight management, and multifunctional. Skin care nutricosmetics hold 50% share of the global market.

Emerging nutricosmetic ingredients such as lycopene and pycnogenol are witnessing strong demand for their application in skin care. Moreover, clinically approved organic nutricosmetic products coupled with an eco-conscious approach are driving the demand for skin care nutricosmetics.

Innovative use of natural ingredients such as ground coffee and charcoal in skin scrubs and seaweed used in skin care is driving the attention of people towards nutricosmetic products and away from synthetic ones.

Examples of skin care products that improve the appearance and health of the skin while simultaneously delivering nutrients include powders, creams, and lotions. These products are widely used by both men and women for several functions, such as washing, moisturizing, and hydrating.

Which Distribution Channel is Projected to Contribute Most to Nutricosmetic Sales?

“Consumers Prefer e-Commerce for Shopping Owing to Easy Accessibility of Large Product Portfolio”

The market is classified into modern trade, health & beauty stores, specialty stores, pharmacy stores, and e-Commerce based on the distribution channel.

e-Commerce accounts 40% share of the global market due to consumers' increasing demand for convenience and quick information, as well as the fact that they offer the ideal platform for customized beauty solutions.

e-Commerce channels increase nutricosmetics' visibility, which, along with the availability of a large product portfolio, supports the expansion of nutricosmetics' online retailing. Customers' reach and cost-effective inventory management are two factors that contribute to internet retailing's success.

Expansion of online personal product sales has been fueled by factors, including improved internet connectivity, increasing use of mobile Internet devices, and greater consumer awareness of online retailing.

Consumers have found it easier to shop for personal items online thanks to the improvement in smartphone adaptation and web connectivity. Users are less likely to choose offline personal product buying due to their increasingly busy lifestyles and resulting lack of time. Due to this, customers choose to buy nutricosmetics from online buying websites.

Competitive Landscape

Key nutricosmetic manufacturers are providing smaller-sized product versions in compact packs due to the growing working population and individuals' hectic lifestyles. Top producers of nutricosmetics are constantly releasing new product lines to meet the burgeoning demand, which is expected to significantly fuel market expansion.

For instance,

• In 2020, SDIN launched SunISDIN Softgel capsules, which are a combination of vitamins, antioxidants, and essential minerals. Additionally, these capsules help fight photoaging, impede oxidative stress, and in keeping the skin healthy.
• A series of mix-in powdered supplements were introduced by Viviscal that are specially prepared with biotin and marine collagen to improve the health of both men's and women's hair.

Key Segments of Nutricosmetics Industry Research

• By Product :

  • Supplements
  • Beauty Beverages/Drinks

• By Ingredient :

  • Carotenoids
  • Vitamins
  • Omega 3 Fatty Acids
  • Others

• By Primary Function :

  • Skin Care
  • Hair and Nail Care
  • Weight Management
  • Multifunctional

• By Distribution Channel :

  • Modern Trade
  • Health and Beauty Stores
  • Specialty Stores
  • Pharmacy Stores
  • e-Commerce

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa