Global Nutricosmetics Market was valued at USD 5,426.1 million in 2021 and is poised to reach USD 10,668.4 million by 2031, progressing at a CAGR of 6.0% between 2022-2031.

Consumer demand for organic products has increased significantly over the past few years due to a greater understanding of the benefits offered by natural products. Synthetic skin care products contain hazardous chemicals that may have negative health effects. As a result of this concern, health-conscious consumers are shifting their attention to natural products. Introducing novel, innovative nutricosmetic products containing organic ingredients is another important factor driving nutricosmetic product sales.

IMPACT OF COVID-19 ON THE GLOBAL NUTRICOSMETICS MARKET

The COVID-19 pandemic has had a notable consequence on the nutricosmetics market, declining sales as people avoid public spaces. Specifically, sales of supplements and other products claiming to improve skin health or appearance are declining. Since consumers are less likely to spend money on products, they do not feel they need them immediately.

However, it's important to note that the long-term impact of COVID-19 on the nutricosmetics market is still unknown. It's possible that once things return to normal, people will start buying these products again. In addition, some companies may see an increase in sales as people look for ways to improve their health during this difficult time.

GLOBAL NUTRICOSMETICS MARKET INFOGRAPHICS

Source: ThinkWise Intelligence Analysis

GLOBAL NUTRICOSMETICS MARKET DYNAMICS

MARKET DRIVER: DEMAND FOR PRODUCTS WITH NATURAL INGREDIENTS

Consumer awareness of the harmful effects of synthetic chemicals used in popular cosmetic skincare products motivates them to choose products with less harmful natural ingredients that provide the same benefits without the harmful side effects of synthetic-based ingredients. In the domestic market, small-scale players are expanding more rapidly. Consumer preferences are shifting toward brands that claim to use sustainable manufacturing techniques, thereby increasing the product's desirability. The current consumer profile consists of a population getting younger and more willing to experiment with new brands. The use of locally sourced ingredients and non-traditional marketing channels increases the perceived value of these brands in the eyes of the consumer.

MARKET RESTRAINT: LOW PRODUCT AWARENESS

Low consumer awareness of the benefits of nutricosmetics acts as a barrier to expanding this market. The relatively recent availability of these products has contributed to their lack of consumer credit. In addition, the longer time required for nutricosmetics to produce results hinders the expansion of the nutricosmetics market.

MARKET OPPORTUNITY: RISING COSMETIC ASSISTANCE

Expanding the base of senior citizens seeking cosmetic assistance and the rapidly expanding base of urban residents who are beauty conscious are some of the factors that provide significant opportunities for market growth in the future. In addition, this market is driven by the introduction of innovative products with increased efficacy, the implementation of regulatory standards such as the Food for Specific Health Issues (FOSHU), and the rising demand for nutricosmetics in the United States.

KEY TRENDS IN THE GLOBAL NUTRICOSMETICS MARKET

GLOBAL NUTRICOSMETICS MARKET TRENDS, BY PRODUCT TYPE

"During the forecast period, the supplements segment will hold the largest share of the nutricosmetics market."

The market for nutricosmetics is a rapidly expanding industry that offers consumers a vast array of supplements and products. The most popular nutricosmetic products improve skin health, followed by those that improve hair health. Other popular categories include nail health supplements and weight management supplements containing cosmetically advantageous ingredients. Although scientific evidence for most nutricosmetic products is limited, the market is anticipated to continue increasing in the upcoming years as more customers become interested in improving their appearance through diet and supplements.

GLOBAL NUTRICOSMETICS MARKET TRENDS, BY FUNCTION

"The skincare segment is projected to have the lion's share in the nutricosmetics market."

The nutricosmetics market for skincare is anticipated to hold the dominant market share over the projected period. The anti-aging products are responsible for the largest share of the market in 2021. The skin-lightening products are expected to boost the market size during the forecast period. Factors such as an increase in awareness about the benefits of nutricosmetics, growing demand for natural ingredients, and a rising number of women working are driving the growth of this market.

The market for nutricosmetics is transitioning from general cosmetics to nutricosmetic products with specific functions, such as anti-aging, skin lightening, and skin care. This change is primarily attributable to an increased awareness of the benefits of nutricosmetics for skin health. Consumers demand specific functionalities from their skincare products as they become more discriminating.

GLOBAL NUTRICOSMETICS MARKET TRENDS, BY SALES CHANNEL

"The e-commerce sales channel will have the largest share over the coming period."

With a CAGR of 8.7%, the e-commerce sales channel will be the fastest-growing sales channel for nutricosmetics over the next few years. This is largely attributable to the convenience and extensive product selection of e-commerce platforms. In addition, consumers are becoming more discerning about the ingredients used in their cosmetics and are seeking brands that offer high-quality, organic alternatives.

GLOBAL NUTRICOSMETICS MARKET TRENDS, BY REGION

"During the projected period, the nutricosmetics market is expected to develop rapidly in the Asia-Pacific region."

The nutricosmetics market in North America is anticipated to expand at a CAGR of 7.5% during the forecast period. Increasing demand for anti-aging and weight-management products drives the market. Increasing awareness of the advantages of nutricosmetics products also contributes to the expansion of the market.

Asia-Pacific is predicted to grow at peak CAGR in the global nutricosmetics market due to the increasing demand for naturally derived ingredients and health-conscious consumers in this region. In addition, the presence of a large number of unpenetrated countries, such as India, China, and Japan, provides the region with significant growth potential.

COMPETITIVE LANDSCAPE IN THE GLOBAL NUTRICOSMETICS MARKET

Among the key players in the global nutricosmetics market are L'Oreal, Unilever, and Nestle. These businesses have been investing in this market to increase their market share. The market for nutricosmetics is expanding as consumers become increasingly aware of their benefits. Consumers seek ways to enhance their appearance and health, and nutricosmetics provide both advantages. These products are also gaining popularity due to their convenience and usability. In this industry, L'Oreal, Unilever, and Nestle are the market leaders, and they will continue to do so in the coming years.

RECENT ADVANCES IN THE GLOBAL NUTRICOSMETICS MARKET

• L'Oreal is one of the leading players in the nutricosmetics market. The company has been actively involved in this market for a few years and has been regularly releasing new products. L'Oreal's recent launches in the nutricosmetic category include Elvive Extraordinary Oil, L'Oreal Paris Revitalift Densitium 3D Day Cream, and Age Perfect Hydra-Nutrition Golden Balm. These products are designed to address various needs such as nourishment, hydration, and anti-aging.
• Unilever has announced its acquisition of Sundial Brands, the maker of SheaMoisture and Nubian Heritage hair care products. Sundial is a black-owned company that has built a large following among black women for its natural products. The deal is perceived as a move by Unilever to enter the fast-growing nutricosmetics market.
• Nestle, the world's largest food company, announced its entry into the nutricosmetics market in 2020. The Swiss company said it would launch a new skin care product line that promises to improve skin health by providing key nutrients. Nutricosmetics are dietary supplements or functional foods that claim cosmetic effects on the skin.

CHAPTER 1.    INTRODUCTION
1.1.    KEY OBJECTIVES OF THE STUDY
1.2.    MARKET SCOPE & DEFINITION
1.2.1.    MARKET SEGMENTATION
1.3.    REPORT DESCRIPTION
1.4.    LIMITATIONS
1.5.    STAKEHOLDERS FOR PRIMARY INTERVIEWS

CHAPTER 2.    RESEARCH METHODOLOGY
2.1.    DATA EXPLORATION
2.1.1.    PRIMARY DATA
2.1.1.1.    DATA SOURCES
2.1.1.2.    KEY DATA COLLECTED
2.1.2.    SECONDARY DATA
2.1.2.1.    DATA SOURCES
2.1.2.2.    KEY DATA COLLECTED
2.2.    MARKET SIZE ESTIMATION
2.2.1.    TOP-DOWN APPROACH
2.2.2.    BOTTOM-UP APPROACH
2.3.    DATA BREAKDOWN & TRIANGULATION
2.4.    ASSUMPTIONS & FORECAST PARAMETERS

CHAPTER 3.    EXECUTIVE SUMMARY
 
CHAPTER 4.    THINKWISE INTELLIGENCE EXCLUSIVE INSIGHTS
4.1.    MARKET ATTRACTIVENESS, BY PRODUCT TYPE
4.2.    MARKET ATTRACTIVENESS, BY FUNCTION
4.3.    MARKET ATTRACTIVENESS, BY SALES CHANNEL
4.4.    MARKET ATTRACTIVENESS, BY REGION

CHAPTER 5.    MARKET OVERVIEW
5.1.    INTRODUCTION
5.2.    GROWTH IMPACT FORCES
5.2.1.    DRIVERS
5.2.2.    RESTRAINTS
5.2.3.    OPPORTUNITIES
5.2.4.    THREATS
5.3.    MARKET ECOSYSTEM & VALUE CHAIN
5.3.1.    ECOSYSTEM ANALYSIS
5.3.1.1.    IMPACT OF COVID-19 ON THE MARKET ECOSYSTEM
5.3.2.    VALUE CHAIN ANALYSIS
5.3.2.1.    IMPACT OF COVID-19 ON THE MARKET VALUE CHAIN
5.4.    INNOVATION & SUSTAINABILITY MATRICES
5.4.1.    PATENT MATRIX
5.4.2.    REGULATORY MATRIX
5.5.    PORTER’S FIVE FORCES ANALYSIS
5.5.1.    BARGAINING POWER OF SUPPLIERS
5.5.2.    BARGAINING POWER OF CONSUMERS
5.5.3.    THREAT OF SUBSTITUTES
5.5.4.    THREAT OF NEW-ENTRANTS
5.5.5.    COMPETITIVE RIVALRY INTENSITY
5.6.    PESTLE ANALYSIS
5.6.1.    POLITICAL
5.6.2.    ECONOMICAL
5.6.3.    SOCIAL
5.6.4.    TECHNOLOGICAL
5.6.5.    ENVIRONMENTAL
5.7.    IMPACT OF COVID-19 ON GLOBAL NUTRICOSMETICS MARKET
5.7.1.    PRE-COVID MARKET SCENARIO
5.7.2.    POST-COVID MARKET SCENARIO

CHAPTER 6.    GLOBAL NUTRICOSMETICS MARKET ANALYSIS, BY PRODUCT TYPE
6.1.    INTRODUCTION
6.1.1.    SUPPLEMENTS
6.1.2.    BEAUTY DRINKS

CHAPTER 7.    GLOBAL NUTRICOSMETICS MARKET, BY FUNCTION
7.1.    INTRODUCTION
7.1.1.    SKIN CARE
7.1.2.    HAIR AND NAIL CARE
7.1.3.    WEIGHT MANAGEMENT
7.1.4.    MULTIFUNCTIONAL

CHAPTER 8.    GLOBAL NUTRICOSMETICS MARKET, BY SALES CHANNEL
8.1.    INTRODUCTION
8.1.1.    E-COMMERCE
8.1.2.    HEALTH AND BEAUTY STORES
8.1.3.    MODERN TRADE
8.1.4.    PHARMACY STORES
8.1.5.    SPECIALTY STORES
8.1.6.    OTHERS

CHAPTER 9.    GLOBAL NUTRICOSMETICS MARKET, BY REGION
9.1.    INTRODUCTION
9.1.1.    NORTH AMERICA
9.1.1.1.    UNITED STATES (U.S.)
9.1.1.2.    CANADA
9.1.1.3.    MEXICO
9.1.2.    SOUTH AMERICA
9.1.2.1.    ARGENTINA
9.1.2.2.    BRAZIL
9.1.2.3.    COLOMBIA
9.1.2.4.    REST OF SOUTH AMERICA
9.1.3.    EUROPE
9.1.3.1.    GERMANY
9.1.3.2.    FRANCE
9.1.3.3.    UNITED KINGDOM (UK)
9.1.3.4.    RUSSIA
9.1.3.5.    SPAIN
9.1.3.6.    ITALY
9.1.3.7.    SWITZERLAND
9.1.3.8.    REST OF EUROPE
9.1.4.    ASIA-PACIFIC
9.1.4.1.    CHINA
9.1.4.2.    JAPAN
9.1.4.3.    INDIA
9.1.4.4.    SOUTH KOREA
9.1.4.5.    AUSTRALIA
9.1.4.6.    INDONESIA
9.1.4.7.    SINGAPORE
9.1.4.8.    MALAYSIA
9.1.4.9.    REST OF ASIA-PACIFIC
9.1.5.    MIDDLE EAST
9.1.5.1.    EGYPT
9.1.5.2.    KUWAIT
9.1.5.3.    SAUDI ARABIA
9.1.5.4.    UNITED ARAB EMIRATES (UAE)
9.1.5.5.    REST OF MIDDLE EAST
9.1.6.    AFRICA
9.1.6.1.    EGYPT
9.1.6.2.    NIGERIA
9.1.6.3.    SOUTH AFRICA
9.1.6.4.    REST OF AFRICA

CHAPTER 10.    COMPETITIVE LANDSCAPE
10.1.    TOP WINNING STRATEGIES
10.1.1.    BY STRATEGY
10.1.2.    BY REGION
10.1.3.    BY YEAR
10.2.    COMPETITIVE HEATMAP
10.3.    PRODUCT BENCHMARKING
10.4.    STRATEGIC BENCHMARKING
10.4.1.    MERGERS & ACQUISITIONS
10.4.2.    STRATEGIC PARTNERSHIPS & COLLABORATIONS

CHAPTER 11.    PLAYER BENCHMARKING
11.1.    AMWAY CORPORATION
11.1.1.    BUSINESS OVERVIEW
11.1.2.    PRODUCT OFFERINGS
11.1.3.    FINANCIAL OVERVIEW
11.1.4.    STRATEGIC BENCHMARKING
11.1.5.    SWOT ANALYSIS
11.2.    BLACKMORES LIMITED
11.2.1.    BUSINESS OVERVIEW
11.2.2.    PRODUCT OFFERINGS
11.2.3.    FINANCIAL OVERVIEW
11.2.4.    STRATEGIC BENCHMARKING
11.2.5.    SWOT ANALYSIS
11.3.    FIT & GLOW HEALTHCARE PRIVATE LIMITED
11.3.1.    BUSINESS OVERVIEW
11.3.2.    PRODUCT OFFERINGS
11.3.3.    FINANCIAL OVERVIEW
11.3.4.    STRATEGIC BENCHMARKING
11.3.5.    SWOT ANALYSIS
11.4.    GLAXOSMITHKLINE PLC
11.4.1.    BUSINESS OVERVIEW
11.4.2.    PRODUCT OFFERINGS
11.4.3.    FINANCIAL OVERVIEW
11.4.4.    STRATEGIC BENCHMARKING
11.4.5.    SWOT ANALYSIS
11.5.    GNC HOLDINGS INC.
11.5.1.    BUSINESS OVERVIEW
11.5.2.    PRODUCT OFFERINGS
11.5.3.    FINANCIAL OVERVIEW
11.5.4.    STRATEGIC BENCHMARKING
11.5.5.    SWOT ANALYSIS
11.6.    GRUPO CANTABRIA LABS
11.6.1.    BUSINESS OVERVIEW
11.6.2.    PRODUCT OFFERINGS
11.6.3.    FINANCIAL OVERVIEW
11.6.4.    STRATEGIC BENCHMARKING
11.6.5.    SWOT ANALYSIS
11.7.    HERBALIFE NUTRITION LTD.
11.7.1.    BUSINESS OVERVIEW
11.7.2.    PRODUCT OFFERINGS
11.7.3.    FINANCIAL OVERVIEW
11.7.4.    STRATEGIC BENCHMARKING
11.7.5.    SWOT ANALYSIS
11.8.    KORA ORGANICS
11.8.1.    BUSINESS OVERVIEW
11.8.2.    PRODUCT OFFERINGS
11.8.3.    FINANCIAL OVERVIEW
11.8.4.    STRATEGIC BENCHMARKING
11.8.5.    SWOT ANALYSIS
11.9.    L’OREAL
11.9.1.    BUSINESS OVERVIEW
11.9.2.    PRODUCT OFFERINGS
11.9.3.    FINANCIAL OVERVIEW
11.9.4.    STRATEGIC BENCHMARKING
11.9.5.    SWOT ANALYSIS
11.10.    NESTLE
11.10.1.    BUSINESS OVERVIEW
11.10.2.    PRODUCT OFFERINGS
11.10.3.    FINANCIAL OVERVIEW
11.10.4.    STRATEGIC BENCHMARKING
11.10.5.    SWOT ANALYSIS
11.11.    PURPLEROCK UTA OPCO LLC
11.11.1.    BUSINESS OVERVIEW
11.11.2.    PRODUCT OFFERINGS
11.11.3.    FINANCIAL OVERVIEW
11.11.4.    STRATEGIC BENCHMARKING
11.11.5.    SWOT ANALYSIS
11.12.    SUNTORY HOLDINGS LIMITED
11.12.1.    BUSINESS OVERVIEW
11.12.2.    PRODUCT OFFERINGS
11.12.3.    FINANCIAL OVERVIEW
11.12.4.    STRATEGIC BENCHMARKING
11.12.5.    SWOT ANALYSIS
11.13.    UNILEVER
11.13.1.    BUSINESS OVERVIEW
11.13.2.    PRODUCT OFFERINGS
11.13.3.    FINANCIAL OVERVIEW
11.13.4.    STRATEGIC BENCHMARKING
11.13.5.    SWOT ANALYSIS

CHAPTER 12.    APPENDIX
12.1.    PREMIUM INSIGHTS FROM INDUSTRY EXPERTS
12.2.    RELATED REPORTS