The global nutricosmetics market was valued at USD 3.36 billion in 2013 and is estimated to reach USD 7.16 billion by 2020 in terms of revenue. The market in terms of revenue is projected to grow at a CAGR of 11.5% from 2014 to 2020.
Albany, NY -- (SBWIRE) -- 12/29/2015 -- The nutricosmetics market is segmented into liquid and pill, which is further subdivided into skin care, hair care and others. Nutricosmetics are oral based natural health products containing targeted nutrients and antioxidant that can have a preventative or treatment effect on the skin, hair and nails. Some of the micronutrients that act as nutricosmetic products are vitamin C, collagen, omega 3 fatty acids, coenzymes Q10, carotenes, glutathione and flavonoids among others.
The global nutricosmetics market is expected to witness substantial growth during the forecast period, particularly due to increasing aging population. The nutricosmetics products are available in different formulations such as capsules, tablets, pills, jellies and drinks. The global nutricosmetics market is expected to witness substantial growth during the forecast period. Factors such as increase in demand for natural products because of fewer side effects, increasing popularity among the aging population and rising medical health care costs are stimulating the growth of the global nutricosmetics market globally.
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Based on geography, the global nutricosmetics market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia Pacific has experienced high growth in the forecast period followed by Europe and North America. The demand for nutricosmetics in Asia Pacific is due to the huge population and growing health awareness among the consumers in developing nations such as India and China. The increasing demand for "beauty from within products" is another factor which is influencing the growth of the nutricosmetics market. The nutricosmetics market in Europe is primarily driven by growing demand for health and beauty supplements. The increase in demand for anti aging products is also stimulating the growth of the global nutricosmetics market. The countries in the rest of the world such as South Africa, UAE, Brazil, Taiwan and others are untapped market and will offer substantial growth opportunity for manufacturers in the nutricosmetics market.
At present, natural products are expensive compared to synthetic products but people are expected to shift their consumption from synthetic to natural products in the coming years. Growing consumer preference for green attributes in cosmetics, and health and wellness products is influencing the growth of the nutricosmetics market.
In this report, the market has been segmented based on product types and geography. The report also includes drivers, restraints and opportunities (DROs). The study highlights current market trends and provides the forecast from 2014 to 2020. We have also covered the current market scenario for nutricosmetics and highlighted future trends that are expected to affect the demand for nutricosmetics. The study also provides forecast from 2014 - 2020 and highlights current and future market trends.
The global nutricosmetics market by product type is segmented into: liquid nutricosmetics and pill nutricosmetics. Liquid and pill nutricosmetics market is further sub segmented into skin care, hair care and others. The market for liquid nutricosmetics is comparatively larger as compared to the pill nutricosmetics market. Liquid nutricosmetics is expected to dominate the nutricosmetics market throughout the forecast period, i.e., 2014 to 2020. The recent development in the global nutricosmetics market include Coca-Cola joining hands with Sanofi, a French pharmaceutical company to manufacture nutricosmetics by leveraging their domain expertise in pharmaceutical and beverage industry. In 2013, they launched a new product Oenobiol Beautific and it is anticipated to boost up the global market for nutricosmetics, In addition, Laboratories Inneov SNC is a joint venture between L'Oreal SA and Nestle S.A. in the nutricosmetics market.
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Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of nutricosmetics market. Major market participants profiled in this report include includes Croda International Plc, Pfizer Inc, Frutarom Ltd, Sanofi-Aventis U.S. LLC, and Lucas Meyer Cosmetics S.A.S.
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