Nutricosmetics Market: Projection of Each Major Segment over the Forecast Period 2025

0
46

The deal-making scene in the global nutricosmetics market has been pretty active over the past few years. In order to tap into synergies, players are resorting to mergers and acquisitions and collaborations. This has enabled them to access greater resources, tap into new markets, and most importantly diversify their product portfolio to cater better to the various needs of consumers. Savvy participants in the market are also seen banking upon product innovation to stay on top of consumers’ preferences. All these along with high bargaining power of entities placed in the low spectrum of the value chain has intensified competition the market.

Key players in the global market for nutricosmetics are Nestle S.A., Cargill Incorporated, The Coca-Cola Company, L’Oreal SA, and E.l.Du Pont De Nemours and Company.

The market for nutricosmetics market worldwide is expected to rise at a 5.0% CAGR from 2017 to 2025 to become worth US$7.93 bn by 2025 from US$5.13 bn in 2016.

The global market for nutricosmetics can be segmented based on their primary functions into weight management, skin care, hair and nail care, and multi-functional. Among them, skin care segment accounted for a leading share in the market in 2017. Going forward too, it is expected to hold onto its dominant position. From a regional perspective, Europe accounts for leading market share due solid market penetration of nutricosmetics and increased awareness about the products among consumers. The market in the region is also being promoted by the mergers and acquisitions of key players.

Rising Geriatric Population Generate Maximum Demand

Numerous factors are expected to drive forward the global market for nutricosmetics. One of them is the increasing population of elderly who need the natural health products that can be orally consumed and target the hair, skin, and nails. Nutricosmetics are available in the form of functional foods, beverages, and beauty supplements. They are also marketed as beauty aids which contain active ingredients along with enzymes, proteins, botanical levaes, minerals, lycopene, etc. They can be in form of pills, capsules, jellies, and drinks.

An exclusive brochure of this report https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=377

Apart from that, surging demand for natural products for enhancing beauty and health since they have lesser side effects and increasing cost of healthcare is driving sales of nutricosmetics too. The market is being boosted by the launch of innovative products having greater efficacies every now and then as well.

Limited Awareness about Products Limits Market Growth

On the downside, the market growth is being challenged by the limited awareness among consumers about the advantages of nutricosmetics since the product is relatively new. “Besides, longer time for nutricosmetics to generate results is also limiting their uptake,” adds the lead analyst of the report. However, with continued thrust on product development, better ones that take reduced time to produce results will likely hit the market thereby helping it to overcome the setback.

Request For Custom Research https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=377

This review is based on the findings of a TMR report, titled, “Nutricosmetics Market (Product Type – Supplements (Tablet, Capsule, Powder, and Liquid) and Beauty Beverages/Drinks; Primary Function – Skin Care (Sun Care, Anti-Ageing, Radiance and Glow, and Anti Acne/Pimple), Hair and Nail Care, Weight Management, and Multifunctional; Distribution Channel – Modern Trade, Health and Beauty Stores, Specialty Stores, Pharmacy Stores, and E-commerce) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email:
sales@transparencymarketresearch.com
Website:
https://www.transparencymarketresearch.com

Leave a Reply