New York
City, 01 February 2019: The Global Nutricosmetics Market generated USD 4.73 billion in 2016 and
is anticipated to grow at a CAGR of 11.43% during the forecast period indicates
a new report published by Polaris Market Research.
Nutricosmetics are supplements, that
are oral based and is used for maintaining skin health that is an essential
part of overall beauty of the body. One of the major factors driving the growth
of global nutricosmetics market is the growing consumer awareness in case of
personal care and grooming coupled with increasing disposable income.
Nutricosmetics are substances which are majorly used to treat skin, hair and
nail defects among others. In addition, this supplement is also used to protect
the body from UV ray. Different substances which are used as nutricosmetics are
vitamin C and E, beta carotene, polypodium leucotomes and tea polyphenols among
others. Europe has held the largest market for nutricosmetics in 2017 and is
expected to top the market over the forecast period.
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Consumer preference towards grooming
and a overall healthy lifestyle is expected to boost the global nutricosmetics
market. On the other hand, lack of awareness and higher cost is acting as a
restraint for the growth of the market in some of the developing nations. The
global nutricosmetics market is segmented on the basis of product types, forms
and application. In case of product types, vitamins held the largest market
share in 2016 and is expected to hold the largest market share over the
forecast period, followed by omega-3 fatty acids. Skin care is expected to hold
the largest market share among the application segments throughout the forecast
period of more than 35%. Rising consumer awareness regarding grooming and skin
health coupled with busy lifestyle is having an impact on the growing skin care
nutricosmetics segment. The global nutricosmetics market is segmented on the
basis of product types, forms and application. In case of product types,
vitamins held the largest market share in 2016 and is expected to hold the
largest market share over the forecast period, followed by omega-3 fatty acids.
Skin care is expected to hold the largest market share among the application
segments throughout the forecast period of more than 35%. Rising consumer
awareness regarding grooming and skin health coupled with busy lifestyle is
having an impact on the growing skin care nutricosmetics segment.
Recent Trends
The demand for collagen as a
nutricosmetic ingredient is expected to remain high throughout the forecast
period. However, consumers are looking for some natural alternative of
collagen. Due to this fact manufacturers are focusing on using vegan-friendly
ingredients to produce nutricosmetics. Some of the non-animal sources been used
by the manufacturers are bamboo silica, gooseberry extracts, white tea
antioxidants and vegan phytoceramides among others.
Some of leading industry participants
include Croda International Plc, Pfizer Inc., Sanofi-Aventis, Lucas-Meyer
Cosmetics, BASF SE, ExcelVite, Denomega Nutritional Oils AS, GlaxoSmithKline,
Isocell SA and Funtionalab Inc. among others.
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