Nutricosmetics Market Overview
The Global Nutricosmetics Market is projected to grow with a significant growth rate of 5.33% from 2019 to 2024 and reach a market value of USD 6.17 billion by the end of 2024. Nutricosmetics can be defined as a blend of nutrition and cosmetics that intends to improve the standard of the skin and rejuvenate it. These products can significantly impact the standard of hair, skin, and nails. The intake of these Nutricosmetics Market Size
demands better maintaining of diet charts as well. Most of the dermatologists feel that a holistic change can impact the market the most. The market is also witnessing growth with significant anti-aging vitamin supplements. People are now focusing more on how to improve the well-being of the commoners, which can inspire better proliferation chances in diverse sectors.
The market for nutricosmetics can witness better traction from increasing demand for clean label products. Several other factors like a hike in demand for anti-aging supplements, better awareness regarding health, and others can trigger market growth in the coming years. But its random consumption can lead to adverse impacts on the market, which can pull back the market growth.
The market for the nutricosmetics is gaining traction from several quarters and it is depending a lot on the growing integration of various strategic developments these companies are showing. These strategies include a merger, acquisition, tie-ups, and other moves. These companies are Alès Groupe (France), Nature’s Herbs & Wellness (US), Nutrinelife (India), Lonza Group (Switzerland), Nutrilo GmbH (Germany), Skinside A.G. (Switzerland), Koninklijke DSM N.V. (Netherlands), Inovacure (France), Church & Dwight Co. (US), Functionallab Group (Canada), and others. MRFR includes comprehensive studies with various data to simplify the understanding of the market.
The global market report on the nutricosmetics has its focus on several segments that can influence the market route chart for the coming years. These segments are type, function, and distribution channels, which can substantiate the market understanding with factors to scientifically establish various aspects.
By type, the report on the global market for nutricosmetics includes premixes, beauty drinks, capsules & tablets, and others. The beauty drinks segment is all set to gain better traction for the market in the coming years as rising health awareness is setting trends.
By distribution channel, the global market for Nutricosmetics Market includes store-based and non-store-based. The store-based segment includes specialty stores, supermarkets & hypermarkets, and others.
Europe has a better scope for the increase in market penetration. The region is showing significant domination in the global market and in 2018, it had over 39.24% market share under its name. The hike in elderly population getting concerned about their well-being is significantly providing traction to the market. The regional pharmacy-based channeling of the distribution, better investment capacity, hike in consumers’ ability to get hold of these products, and others are expected to make sure that the market finds better growth possibilities in the coming years.
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