NEWARK, DE / ACCESSWIRE / June 26, 2023 / As per newly released data by Future Market Insights (FMI), the nutricosmetics market is predicted to be valued at US$ 7 billion in 2023 and US$ 15 billion by 2033. Over the projection period, sales in the nutricosmetics market are expected to increase at a CAGR of 7.9%.
The rise of personalized medicine and consumer preferences for customized solutions is extending to the nutricosmetics industry. Advances in technology and data analysis allow for tailored nutricosmetic products based on individual needs, such as specific skin concerns or nutritional deficiencies. Companies that can offer personalized nutricosmetic formulations have the opportunity to cater to consumers' unique requirements and gain a competitive edge.
Consumers are increasingly seeking sustainable and ethically sourced products across all industries, including nutricosmetics. There is a growing demand for cruelty-free, vegan, and environmentally friendly nutricosmetic products. Companies that prioritize sustainability in their sourcing, manufacturing processes, and packaging can tap into this emerging trend and attract eco-conscious consumers.
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The convergence of nutricosmetics and digital health platforms presents an exciting opportunity. By integrating nutricosmetic products with wearable devices and health-tracking apps, companies can offer a comprehensive approach to beauty and wellness. This integration enables real-time monitoring of skin health, nutritional tracking, and personalized recommendations, enhancing the overall effectiveness of nutricosmetics.
While traditional markets like North America and Europe have dominated the nutricosmetics industry, there is untapped potential in emerging markets. Regions such as Asia-Pacific, Latin America, and the Middle East offer significant growth opportunities due to increasing disposable income, changing lifestyles, and growing awareness of beauty and wellness.
Companies that strategically expand into these markets can establish a strong presence and capture a new customer base. Collaboration with beauty and wellness professionals, including dermatologists, nutritionists, and aestheticians, presents a dollar opportunity in the nutricosmetics market. By partnering with experts, companies can gain credibility, access professional networks, and receive valuable insights for product development and marketing strategies.
Key Takeaways from this Market:
- By the end of 2023, the United States is projected to hold the largest market share in North America and exhibit a CAGR of 7% from 2023 to 2033.
- By the end of 2033, the nutricosmetic market in Europe is projected to witness a CAGR of 11% in Italy, as per estimations.
- India has emerged as the leading nutricosmetics market in the South Asia region, with an estimated CAGR of 14% projected for the Indian market by the year 2033.
- The powder-type supplement segment is projected to witness a CAGR of 14.5% by the year 2033.
- The e-commerce platform market value for nutricosmetics products is projected to witness a CAGR of 18% by the conclusion of 2033, as observed.
"The nutricosmetics market is experiencing significant growth, driven by consumer demand for holistic beauty solutions that promote healthy skin, hair, and nails from within," - remarks an analyst at FMI.
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How Key Players are revolutionizing the Manufacturing of Nutricosmetics market?
Key players in the nutricosmetics market are revolutionizing the manufacturing process by embracing innovative approaches and technologies. They are investing in research and development to enhance the formulation and efficacy of nutricosmetic products.
This includes incorporating bioactive ingredients, antioxidants, vitamins, and minerals into the formulations to deliver optimal skin, hair, and nail health benefits. Secondly, manufacturers are focusing on quality control and ensuring that their products meet stringent regulatory standards.
They are leveraging advanced manufacturing techniques, such as encapsulation and nanotechnology, to improve bioavailability and ensure targeted delivery of nutrients. Key players are adopting sustainable and eco-friendly practices, using natural and organic ingredients, and reducing packaging waste to align with consumers' growing preference for clean and environmentally conscious products. Overall, these advancements are driving the transformation of the nutricosmetics market, providing consumers with effective, science-backed, and sustainable beauty solutions.
Key Players in this Market:
- Pfizer Inc.
- Bayer AG ADR
- Reckitt Benckiser Group plc.
- Otsuka Holdings Co. Ltd.
- Suntory Beverage & Food Ltd.
- Shiseido Co. Ltd.
- Koninklijke DSM NV
- Beiersdorf AG
- Lonza Group Ltd.
- Herbalife Nutrition Ltd.
Product Portfolio:
- Pfizer Inc. offers a diverse product portfolio encompassing pharmaceuticals, vaccines, and consumer healthcare products. Their offerings include well-known brands like Viagra, Lipitor, and Advil, along with a wide range of prescription drugs and over-the-counter medications.
- Bayer AG ADR provides a comprehensive product portfolio comprising pharmaceuticals, consumer health products, and agricultural solutions. Their offerings include popular brands such as Aspirin, Xarelto, and Aleve, along with crop protection products and seeds for sustainable agriculture.
More Insights Available:
Future Market Insights offers an unbiased analysis of the nutricosmetics market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the nutricosmetics market, the report is segmented on the basis of product type (beauty beverages/drinks, supplements, tablets, capsules, powder and liquid), and primary function (skin care, sun care, anti-aging, radiance & glow, anti-acne/pimple, hair & nail care, weight management and multi-functional), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia and Middle East and Africa).
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Market Segmentation:
By Product Type:
- Beauty Beverages/ Drinks
- Supplements
- Tablets
- Capsules
- Powder
- Liquid
By Primary Function:
- Skin Care
- Sun Care
- Anti-Aging
- Radiance & Glow
- Anti-acne/pimple
- Hair & Nail Care
- Weight Management
- Multi-Functional
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
About the Consumer Product at Future Market Insights (FMI):
The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
Table of Content (ToC):
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and Their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyers
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter's Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
View Complete TOC here: https://www.futuremarketinsights.com/toc/rep-gb-11627
Explore FMI's Extensive Ongoing Coverage in Consumer Product domain:
Cosmetics ODM Market Size: The cosmetics ODM market is estimated to be valued at US$ 13,460.7 million in 2023 and is expected to reach US$ 23,265.4 million by 2033. The adoption of cosmetics ODM is likely to advance at a CAGR of 5.6% during the forecast period.
ASEAN Organic Cosmetics Market Share: Beauty and Personal care industry include skin care, hair care, oral care, toiletries, and others. With increased concerns for enhanced appearance, cosmetic products are witnessing an increased adoption among consumers across the globe.
Halal Cosmetics Market Trends: The global halal cosmetics market is anticipated to generate revenues of US$ 42.65 billion in 2023. Demand for halal cosmetics is projected to develop at a CAGR of 11.6% and reach US$ 127.8 billion by 2033.
Color Cosmetics Market Demand: The global color cosmetics market leads to an estimated CAGR of 5% the global market during the forecast period and registers a revenue valued at US$ 52.5 Billion in 2022.
Tinted Cosmetics Market Forecast: The global tinted cosmetics market size is expected to grow from US$ 1,500.0 Million in 2022 to US$ 2,290.0 Million by the end of 2032
Cosmetic Pencil & Pen Market Outlook: The cosmetic pencil and pen market would be worth US$ 2.8 billion in 2023 and is expected to reach US$ 5.7 billion by 2033, likely to register a 7.5% CAGR from 2023 to 2033.
Cosmetic Pigments Market Analysis: The cosmetic pigments market size is estimated to be US$ 12.98 Billion in 2023 and is expected to reach roughly US$ 24.24 Billion by 2033, registering a CAGR of 6.45% from 2023 to 2033.
Natural Cosmetics Market Demand: As per newly released data by Future Market Insights (FMI), the natural cosmetics market is estimated to reach US$ 48.4 Billion in 2023 and is projected to reach US$ 79.6 Billion by 2033
Herbal Beauty Products Market Growth: The demand in the herbal beauty products market is anticipated to grow at approximately 6.3% CAGR between 2023 and 2033
Europe & Asia Pacific Herbal Beauty Products Market Sales: In terms of value, Europe & Asia Pacific herbal beauty products market is anticipated to witness a CAGR of 3.7% during the forecast period and is expected to reach at US$ 2,571.2 Million by 2026 end.
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
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