Global Nutricosmetics Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Nutricosmetics aid health and beauty. These are prepared with the incorporation of nutraceutical products having the potential to enhance overall health. The Nutricosmetics market is expanding because of factors such as rising public spending on healthcare and public awareness towards self-grooming and beauty
According to Commonwealth Fund in 2020, the total expenditure in the healthcare sector was around 11.5% of the GDP in 2017 which is worth USD 337 billion. It includes better medication, nutrient supplements, efficient health facilities. Whereas, the rising geriatric population and growing R&D activities by market players create lucrative opportunities for the market. However, the threat of side effects and safety concerns hampers the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Nutricosmetics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe dominates the space in terms of revenue generation, owing to the factors such as rising elderly population , public inclination towards self-grooming and rising product launches and growth activities by market players Whereas the Asia Pacific is expected to grow during the forecast period, owing to factors such as increasing adoption and demand for beauty enhancing products, growing disposable income and emerging economies across the region in the forecast period.
Major market players included in this report are:
GRUPO CANTABRIA LABS
Fit & Glow Healthcare Private Limited
Herbalife Nutrition Ltd
GNC Holdings Inc.
PurpleRock UTA Opco LLC
Suntory Holdings Limited
Recent Developments in the Market:
In Apr 2022 - Nykaa acquired a 60% stake in Nudge Wellness in April 2022, launching the company into the nutricosmetics market. Nykaa is an Indian e-commerce site that sells beauty, wellness, and fashion items.
In August 2021 - Herbalife Nutrition announced the August 2021 launch of its multi-ingredient beauty supplement "Herbalife SKIN LycoGlow," which is based on Lycored Nutrient Complex, a tomato extract obtained from the Israeli firm Lycored. The new supplement contains a lot of lycopene and other carotenoids found in tomatoes.
Global Nutricosmetics Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Product, Form, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Tablets and Capsules,
Powder and Liquid,
Gummies and Soft Chews
By Distribution Channel:
Other Distribution Channels
Rest of the World