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Global Nutricosmetics Market Bwc19131

Global Nutricosmetics Market Bwc19131

Global Nutricosmetics Market- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2017-2027, Segmented By Ingredients (Carotenoids, Vitamins, Omega 3 Fatty Acids, Others), By Product (Solid, Liquid), By Application (Personal Care, Healthcare), By Distribution Channel (Modern Trade, Health & Beauty Stores, Specialty Stores, Pharmacy Stores, E-commerce), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

  • Published Date: November 2021
  • Report ID: BWC19131
  • Available Format: PDF
  • Page: 193

Report Overview

Nutritional cosmetics are increasing in popularity, as more people become aware of the concept of holistic beauty, based on the principle that healthy living is beneficial for beautiful skin. Growing aging populations, increasing prevalence of skin problems, and the growing demand for natural products among beauty and health-conscious people are driving the growth of the global nutricosmetics market.

Global Nutricosmetics Market- Industry Trends & Forecast Report 2027

The global nutricosmetics market was worth USD 6.9 billion in 2020 and is further projected to reach USD 11.7 billion by the year 2027, growing at a CAGR of 8.0% in the forecast period. The growth of the market can be attributed to an increasing aging population, along with the growing demand for natural products because of its limited side effects. Further, a growing concern over healthy aging, changing perceptions of beauty & trends, and research and development into products with organic nutrients will drive the market during the forecast period.

                          Global Nutricosmetics Market

Source: BlueWeave Consulting

Global Nutricosmetics Market- Overview

The word nutricosmetics is derived from two words - nutraceutical and cosmeceuticals. It can also be termed as a nutritional supplement that supports the structure and function of the skin. Nutricosmetics commonly contain vitamins (A, B6, and E), sterol esters, coenzyme Q10, omega 3 fatty acids, lycopene, soy proteins, probiotic probiotics, chondroitin, and lutein. Among the medical benefits of nutricosmetics are its antioxidant properties and the way it controls and cancels free radicals, reduces inflammation, and protects the skin from ultraviolet rays.

Global Nutricosmetics Market Forecast and Trends

Growth Drivers

Increasing Prevalence of Skin Issues

Several reports have revealed that the global burden of various skin diseases is increasing at a high rate. Acne is emerging as one of the major issues among teens and adults worldwide. According to an estimate, around 9.4% of the global population suffers from acne— a skin condition caused by plugged hair follicles filled with dead skin cells and oil. Many factors contribute to the incidence of skin diseases, including air pollution, medical conditions, stress, and contact with environmental triggers such as allergens. These factors will likely boost the demand for nutricosmetics in the forecast period.

Growing Preference for Herbal Nutricosmetics

Consumers are shifting toward natural products and remedies due to their awareness of the chemical ingredients in cosmetic products and their drastic side effects on the skin. Consequently, herbal nutricosmetics are becoming a popular alternative to chemical cosmetics. To meet market demand, nutricosmetics brands are also launching a wide range of products based on the opportunities and growth potential. Nutritional supplements come in a variety of forms. Among the many forms of medications available are gummies, chewing gum, sachets, and pills.

Restraints

Limited Awareness Among Consumers

Nutricosmetics are primarily used by the elite and upper-class population due their high purchasing power. Limited awareness regarding the benefits of nutricosmetics is another factor impeding market growth. Also, Nutricosmetics' demand is slowed by consumers' preference for home remedies rather than such products. In order to expand market demand, manufacturers must increase penetration of these products into the middle- and lower-income classes as well.

Impact of COVID-19 on Global Nutricosmetics Market

The outbreak of the COVID-19 led to the imposition of strict lockdown in various countries to mitigate the virus spread. People were restricted from going outside and were forced into their homes during the nationwide lockdowns imposed by the governments of different countries. Due to limited exposure to ultraviolet rays, the prevalence of skin damage declined, subsequently impacting the market for nutricosmetics. Furthermore, the obstruction in production and supply chains caused by lockdowns also hampered the market’s growth. What’s more, consumers’ declining disposable income due to economic slowdown also negatively impacted the market.

Global Nutricosmetics Market - By Ingredient

Based on ingredients, the global nutricosmetics market is segmented into carotenoids, vitamins, omega 3 fatty acids, and others. Among these, carotenoids accounted for the largest share in 2020. It is preferred because inhibition of collagen synthesis leads to skin aging, and carotenoids somehow counteract this by reducing inhibition and blocking UV rays. Consumer concerns about premature aging of the skin, combined with a preference for safe and effective beauty products, drive the demand for carotenoids.

Global Nutricosmetics Market - By Product

Based on products, the global nutricosmetics market is segmented into solid and liquid. The solid product segment accounted for the largest market share in 2020. By providing adequate amounts of nutrients, these supplements provide aesthetic benefits to the body. Additionally, solid supplements are easy to consume, which is why most consumers prefer them. Moreover, the increased penetration of solid supplements containing nutrients such as vitamins, minerals, proteins, omega-3 fatty acids, etc., is also contributing to the market's growth.

Global Nutricosmetics Market - Regional Insights

Geographically, the global nutricosmetics market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa. With a growing geriatric population and the increasing prevalence of skin issues, Europe dominates the global nutricosmetics market. Market growth is also driven by the availability of numerous products in supermarkets/hypermarkets and the popularity of online channels selling nutricosmetics in this region. North America also covers a substantial share in the market due to the growing acceptance of nutricosmetics products, especially herbal supplements.

Global Nutricosmetics Market - Competitive Landscape

The leading players in the global nutricosmetics market are Lonza Group Ltd., Frutels LLC, Quest, GliSODin Skin Nutrients, Perricone MD, Frutarom Industries Ltd., Solgar Inc., Functionalab Inc., Nutrilo GmbH, Excelvite, GlaxoSmithKline plc, Martek, Biosciences Corporation, Ferrosan A/S, Groupe Danone, Laboratoire Oenobiol S.A.S, Sanofi-Aventis U.S., Croda International Plc., Pfizer Inc., Borna Inc., and other prominent players.

The market is highly fragmented due to the presence of various local and international players. The market players significantly focus on launching a wide variety of products to cater to various skin and hair issues. They also invest in R&D activities to develop new and effective products. Furthermore, they constantly focus on improving their distribution channel to increase their product penetration. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.

 

Recent Developments

  • In May 2021, SEPPIC, a French specialty chemical products company, announced the acquisition of nutricosmetics ingredients supplier EPI France.

 

  • In March 2021, D+ For Care, a French nutricosmetics startup, announced the launch of Aloha Prepare and Repair beauty supplements for sensitive skin to protect it from the harmful ultraviolet rays of the sun.

Scope of the Report

Attributes Details
Years Considered Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Facts Covered Revenue in USD Billion
Market Coverage U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation By Ingredients, By Product, By Application, By Distribution Channel, By Region
Key Players Lonza Group Ltd., Frutels LLC, Quest, GliSODin Skin Nutrients, Perricone MD, Frutarom Industries Ltd., Solgar Inc., Functionalab Inc., Nutrilo GmbH, Excelvite, GlaxoSmithKline plc, Martek, Biosciences Corporation, Ferrosan A/S, Groupe Danone, Laboratoire Oenobiol S.A.S, Sanofi-Aventis U.S., Croda International Plc., Pfizer Inc., Borna Inc., and other prominent players.

 

By Ingredients

  • Carotenoids
  • Vitamins
  • Omega 3 Fatty Acids
  • Others

By Product

  • Solid
  • Liquid

By Application

  • Personal Care
  • Healthcare

By Distribution Channel

  • Modern Trade
  • Health & Beauty Stores
  • Specialty Stores
  • Pharmacy Stores
  • E-commerce

By Region

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

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Increasing Prevalence of Skin Issues
        2. Growing Preference for Herbal Nutricosmetics
      2. Market Restraints
        1. Limited Awareness Among Consumers
      3. Market Challenges
        1. Negative Impact of the COVID-19 Pandemic
      4. Market Opportunity
        1. Increasing Geriatric Population
        2. Expanding Demand for Nutricosmetics For Personal Care Purposes
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Nutricosmetics Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Ingredients
        1. Carotenoids
        2. Vitamins
        3. Omega 3 Fatty Acids
        4. Others
      2. By Product
        1. Solid
        2. Liquid
      3. By Application
        1. Personal Care
        2. Healthcare
      4. By Distribution Channel
        1. Modern Trade
        2. Health & Beauty Stores
        3. Specialty Stores
        4. Pharmacy Stores
        5. E-commerce
      5. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Nutricosmetics Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Ingredients
      2. By Product
      3. By Application
      4. By Distribution Channel
      5. By Country
        1. U.S.
        2. Canada
  7. Europe Nutricosmetics Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Ingredients
      2. By Product
      3. By Application
      4. By Distribution Channel
      5. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC Nutricosmetics Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Ingredients
      2. By Product
      3. By Application
      4. By Distribution Channel
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Nutricosmetics Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Ingredients
      2. By Product
      3. By Application
      4. By Distribution Channel
      5. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Nutricosmetics Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Ingredients
    4. By Product
    5. By Application
    6. By Distribution Channel
    7. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking by Operating Parameters
  12. Impact of COVID-19 on Global Nutricosmetics Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Lonza Group Ltd.
    2. Frutels LLC
    3. Quest
    4. GliSODin Skin Nutrients
    5. Perricone MD
    6. Frutarom Industries Ltd.
    7. Solgar Inc.
    8. Functionalab Inc.
    9. Nutrilo GmbH
    10. Excelvite
    11. GlaxoSmithKline plc
    12. Martek Biosciences Corporation
    13. Ferrosan A/S
    14. Groupe Danone
    15. Laboratoire Oenobiol S.A.S
    16. Sanofi-Aventis U.S.
    17. Croda International Plc.
    18. Pfizer Inc.
    19. Borna Inc.
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

Figure 1: Global Nutricosmetics Market Segmentation

 

Figure 2: Global Nutricosmetics Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Nutricosmetics Market Size, By Value (USD Billion), 2017-2027

 

Figure 5: Global Nutricosmetics Market Share (%), By Ingredients, By Value, 2017-2027

 

Figure 6: Global Nutricosmetics Market Share (%), By Product, By Value, 2017-2027

 

Figure 7: Global Nutricosmetics Market Share (%), By Application, By Value, 2017-2027

 

Figure 8: Global Nutricosmetics Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 9: Global Nutricosmetics Market Share (%), By Region, By Value, 2017-2027

 

Figure 10: North America Nutricosmetics Market Size, By Value (USD Billion), 2017-2027

 

Figure 11: North America Nutricosmetics Market Share (%), By Ingredients, By Value, 2017-2027

 

Figure 12: North America Nutricosmetics Market Share (%), By Product, By Value, 2017-2027

 

Figure 13: North America Nutricosmetics Market Share (%), By Application, By Value, 2017-2027

 

Figure 14: North America Nutricosmetics Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 15: North America Nutricosmetics Market Share (%), By Country, By Value, 2017-2027

 

Figure 16: Europe Nutricosmetics Market Size, By Value (USD Billion), 2017-2027

 

Figure 17: Europe Nutricosmetics Market Share (%), By Ingredients, By Value, 2017-2027

 

Figure 18: Europe Nutricosmetics Market Share (%), By Product, By Value, 2017-2027

 

Figure 19: Europe Nutricosmetics Market Share (%), By Application, By Value, 2017-2027

 

Figure 20: Europe Nutricosmetics Market Share (%), by Distribution Channel, By Value, 2017-2027

 

Figure 21: Europe Nutricosmetics Market Share (%), By Country, By Value, 2017-2027

 

Figure 22: Asia-Pacific Nutricosmetics Market Size, By Value (USD Billion), 2017-2027

 

Figure 23: Asia-Pacific Nutricosmetics Market Share (%), By Ingredients, By Value, 2017-2027

 

Figure 24: Asia-Pacific Nutricosmetics Market Share (%), By Product, By Value, 2017-2027

 

Figure 25: Asia-Pacific Nutricosmetics Market Share (%), By Application, By Value, 2017-2027

 

Figure 26: Asia-Pacific Nutricosmetics Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 27: Asia-Pacific Nutricosmetics Market Share (%), By Country, By Value, 2017-2027

 

Figure 28: Latin America Nutricosmetics Market Size, By Value (USD Billion), 2017-2027

 

Figure 29: Latin America Nutricosmetics Market Share (%), By Ingredients, By Value, 2017-2027

 

Figure 30: Latin America Nutricosmetics Market Share (%), By Product, By Value, 2017-2027

 

Figure 31: Latin America Nutricosmetics Market Share (%), By Application, By Value, 2017-2027

 

Figure 32: Latin America Nutricosmetics Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 33: Latin America Nutricosmetics Market Share (%), By Country, By Value, 2017-2027

 

Figure 34: Middle East & Africa Nutricosmetics Market Size, By Value (USD Billion), 2017-2027

 

Figure 35: Middle East & Africa Nutricosmetics Market Share (%), By Ingredients, By Value, 2017-2027

 

Figure 36: Middle East & Africa Nutricosmetics Market Share (%), By Product, By Value, 2017-2027

 

Figure 37: Middle East & Africa Nutricosmetics Market Share (%), By Application, By Value, 2017-2027

 

Figure 38: Middle East & Africa Nutricosmetics Market Share (%), By Distribution Channel, By Value, 2017-2027

 

Figure 39: Middle East & Africa Nutricosmetics Market Share (%), By Region, By Value, 2017-2027

 

List of Tables

 

Table 1: Global Nutricosmetics Market Size, By Ingredients, By Value, 2017-2027

 

Table 2: Global Nutricosmetics Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 3: Global Nutricosmetics Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 4: Global Nutricosmetics Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 5: Global Nutricosmetics Market Size, By Region, By Value (USD Billion), 2017-2027

 

Table 6: North America Nutricosmetics Market Size, By Ingredients, By Value (USD Billion), 2017-2027

 

Table 7: North America Nutricosmetics Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 8: North America Nutricosmetics Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 9: North America Nutricosmetics Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027,

 

Table 10: Europe Nutricosmetics Market Size, By Ingredients, By Value (USD Billion), 2017-2027

 

Table 11: Europe Nutricosmetics Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 12: Europe Nutricosmetics Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 13: Europe Nutricosmetics Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 14: the Asia-Pacific Nutricosmetics Market Size, By Ingredients, By Value (USD Billion), 2017-2027

 

Table 15: the Asia-Pacific Nutricosmetics Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 16: the Asia-Pacific Nutricosmetics Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 17: the Asia-Pacific Nutricosmetics Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 18: Latin America Nutricosmetics Market Size, By Ingredients, By Value (USD Billion), 2017-2027

 

Table 19: Latin America Nutricosmetics Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 20: Latin America Nutricosmetics Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 21: Latin America Nutricosmetics Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 22: The Middle-East & Africa Nutricosmetics Market Size, By Ingredients, By Value (USD Billion), 2017-2027

 

Table 23: The Middle-East & Africa Nutricosmetics Market Size, By Product, By Value (USD Billion), 2017-2027

 

Table 24: The Middle-East & Africa Nutricosmetics Market Size, By Application, By Value (USD Billion), 2017-2027

 

Table 25: The Middle-East & Africa Nutricosmetics Market Size, By Distribution Channel, By Value (USD Billion), 2017-2027

 

Table 26: Lonza Group Ltd. Financial Analysis

Table 27: Lonza Group Ltd. Business Overview

Table 28: Frutels LLC Financial Analysis

Table 29: Frutels LLC Business Overview

Table 30: Quest Corporation Financial Analysis

Table 31: Quest Corporation Business Overview

Table 32: GliSODin Skin Nutrients Financial Analysis

Table 33: GliSODin Skin Nutrients Business Overview

Table 34: Perricone MD Financial Analysis

Table 35: Perricone MD Business Overview

Table 36: Frutarom Industries Ltd. Financial Analysis

Table 37: Frutarom Industries Ltd. Business Overview

Table 38: Solgar Inc. Financial Analysis

Table 39: Solgar Inc. Business Overview

Table 40: Functionalab Inc. Financial Analysis

Table 41: Functionalab Inc. Business Overview

Table 42: Nutrilo GmbH Financial Analysis

Table 43: Nutrilo GmbH Business Overview

Table 44: Excelvite Financial Analysis

Table 45: Excelvite Business Overview

Table 46: GlaxoSmithKline plc Financial Analysis

Table 47: GlaxoSmithKline plc Financial Analysis

Table 48: Martek Biosciences Corporation Financial Analysis

Table 49: Martek Biosciences Corporation Business Overview

Table 50: Ferrosan A/S Financial Analysis

Table 51: Ferrosan A/S Business Overview

Table 52: Groupe Danone Financial Analysis

Table 53: Groupe Danone Business Overview

Table 54: Laboratoire Oenobiol S.A.S Financial Analysis

Table 55: Laboratoire Oenobiol S.A.S Business Overview

Table 56: Sanofi-Aventis U.S. Financial Analysis

Table 57: Sanofi-Aventis U.S. Business Overview

Table 58: Croda International Plc. Financial Analysis

Table 59: Croda International Plc. Business Overview

Table 60: Pfizer Inc. Financial Analysis

Table 61: Pfizer Inc. Business Overview

Table 62: Borna Inc. Financial Analysis

Table 63: Borna Inc. Business Overview

Market Segmentation

By Ingredients

  • Carotenoids
  • Vitamins
  • Omega 3 Fatty Acids
  • Others

By Product

  • Solid
  • Liquid

By Application

  • Personal Care
  • Healthcare

By Distribution Channel

  • Modern Trade
  • Health & Beauty Stores
  • Specialty Stores
  • Pharmacy Stores
  • E-commerce

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
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Frequently Asked Questions (FAQs):

Ans: The global nutricosmetics market reached USD 6.9 billion in 2020.
Ans: The major factors driving the growth of the global nutricosmetics market are the increasing prevalence of skin issues and growing preference for herbal nutricosmetics.
Ans: The key players in the global nutricosmetics market are: Lonza Group Ltd., Frutels LLC, Quest, GliSODin Skin Nutrients, Perricone MD, Frutarom Industries Ltd., Solgar Inc., Functionalab Inc., Nutrilo GmbH, Excelvite, GlaxoSmithKline plc, Martek, Biosciences Corporation, Ferrosan A/S, Groupe Danone, Laboratoire Oenobiol S.A.S, Sanofi-Aventis U.S., Croda International Plc., Pfizer Inc., Borna Inc., and other prominent players.
Ans: The personal care segment accounted for the largest share in the global nutricosmetics market.
Ans: Europe holds the largest share in the global nutricosmetics market.