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Introduction

The nutricosmetics market has experienced robust growth in recent years, driven by various factors such as regulatory changes, celebrity endorsements, and market innovation. This blog explores the current state, key drivers, and future trends of the nutricosmetics market.

Market Size and Growth

Recent Growth

• Market Size 2023: $6.84 billion
• Market Size 2024: $7.51 billion
• CAGR: 9.8%
• Drivers:
  • Regulatory changes
  • Influencer and celebrity endorsements
  • Market innovation
  • Anti-aging demands
  • Beauty-from-within concept

Future Growth

• Market Size 2028: $10.51 billion
• CAGR: 8.8%
• Drivers:
  • Research and development
  • Consumer lifestyle changes
  • Digitalization in marketing
  • Aging population
  • Environmental sustainability

 

Read The Full Nutricosmetics Market Report Here:

https://www.thebusinessresearchcompany.com/report/nutricosmetics-global-market-report

 

Key Trends and Influences

Transparency and Trust

• Increasing consumer demand for transparency in product ingredients
• Brands focusing on building trust with their audience through clear and honest communication

Personalized Nutrition

• Rise of personalized nutrition solutions tailored to individual needs
• Utilization of technology to create custom supplements

Digital Influence

• Impact of social media and digital marketing on consumer choices
• Growing importance of online platforms for product research and purchases

Targeted Beauty Solutions

• Development of products aimed at specific beauty concerns
• Introduction of solutions targeting skin, hair, and nail health

Product Innovation

• Continuous innovation in nutricosmetic products
• Incorporation of advanced technologies such as AI in product development

The Impact of Consumer Awareness on Nutricosmetics Growth

Rising Consumer Awareness

• Increased awareness about skin and hair problems propelling market growth
• Nutricosmetics seen as a preventative and supportive measure for skin and hair health
• Example: In 2021, US skincare product sales rose by 13%, with skincare leading online beauty merchant growth at 24%

Health Concerns

• Skin problems: rashes, inflammation, itching, and other disorders
• Hair problems: itching, scaling, infections, and hair loss

Major Companies

• Leading firms: Suntory Holdings Limited, KORA Organics, Herbalife Nutrition Ltd., Blackmores Limited, Beiersdorf AG, Amway Corporation, and more

Nutricosmetics Market Trends Spotlight Innovative Product Developments

Innovative Product Developments

• Focus on developing unique and effective products
• Example: In January 2023, Neutrogena launched Nourished x Neutrogena Skin360 SKINSTACKS, AI-based customizable 3D-printed gummies for personalized skincare needs

Strategic Acquisitions

• Companies enhancing market presence through acquisitions
• Example: In May 2021, Seppic acquired EPI France to boost its capabilities in botanical extraction and natural active ingredients

Market Segmentation

By Type

• Capsules
• Tablets
• Softgels
• Drinks
• Powders
• Gummies
• Candies
• Other Types

By Ingredients

• Carotenoids
• Vitamins
• Omega 3 Fatty Acids
• Other Ingredients

By Distribution Channel

• Supermarkets and Hypermarkets
• Online Pharmacies
• Retail Pharmacies
• Specialty Stores

By End-Use

• Skincare
• Haircare
• Nailcare
• Other End Users

Regional Insights

North America

• 2023 Status: Largest region in the nutricosmetics market
• Future Outlook: Expected to maintain strong growth and market dominance

Conclusion

The nutricosmetics market is on a steady growth trajectory, driven by increased consumer awareness, technological advancements, and strategic industry moves. With a strong emphasis on innovation and personalized solutions, the future of the nutricosmetics market looks promising.

 

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The Nutricosmetics Global Market Report 2024  provides an overview of the nutricosmetics market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The nutricosmetics market forecast analyzes nutricosmetics market size, nutricosmetics market share, leading competitor and their market positions.

 

The Table Of Content For The Nutricosmetics Market Include:
1. Nutricosmetics Market Executive Summary
2. Nutricosmetics Market Segments
3. Nutricosmetics Market Size And Nutricosmetics Market Growth Rate
4. Key Nutricosmetics Market Trends
5. Major Nutricosmetics Market Drivers
……
25. Key Mergers And Acquisitions In The Nutricosmetics Market
26. Top Nutricosmetics Companies
27. Nutricosmetics Market Opportunities And Strategies
28. Nutricosmetics Market, Conclusions And Recommendations
29. Appendix

 

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