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Increasing Emphasis on Oral Supplements for Maintaining and Enhancing Physical Appearance to Drive Growth in the Nutricosmetics Market


Published: June 2017

REPORT STATISTICS


  • Code: MCP-6498
  • Pages: 218
  • Tables: 37
  • Companies: 91


NUTRICOSMETICS: A RESEARCH BRIEF

The global Nutricosmetics market is projected to reach US$7.5 billion by 2024, driven by the rising prominence of beauty from within concept and the ensuing increased focus on ingestible cosmetics for enhancing physical appearance. Besides the aging population, the desire to preserve beauty among the young, and development of new and effective products represent other major factors encouraging replacement of topical cosmetics with edible cosmetics and nutricosmetics. The market is also benefiting from high voltage manufacturer campaigns that promote nutricosmetics as not only beneficial for skin, hair and nails but also capable of having all-around systemic health benefits. Europe represents the largest market worldwide. The United States is forecast to grow at the fastest CAGR of 10.3% over the analysis period, led by factors such as strong per capita spending on cosmetic and health supplements as beauty increasingly becomes a high-maintenance routine; strong demand for natural oral herbal formulations among the younger consumers; increased availability of scientific data supporting the efficacy of nutricosmetics; emerging new standards for male beauty and the rise of men as lucrative target customers. 

    Summary of Findings

  • The Massively Rising Global Health and Wellness Megatrend Provides the Foundation for the Growth of Nutricosmetics
  • Market to Benefit From Manufacturers’ Attempts to Tackle Even Skin Disorders and Diseases such as Acne and Psoriasis Via the Beauty-From-Within Approach
  • Ready-to-Drink Beauty Beverages, Also Known as Drinkable Nutricosmetics, Emerge as The Newest Form Factor to Drive Consumer Interest and Willingness to Experiment With New Beauty Solutions
  • Rising Costs of Healthcare Drives Consumer Focus on Non-Medical & Non-Surgical Approaches to Beauty and Health
  • Lack of Regulations and Legislations for Nutricosmetics: A Key Challenge to Growth and Mainstream Adoption

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), China and Rest of World

MAJOR PLAYERS

  • BASF SE
  • ExcelVite Sdn. Bhd
  • Frutarom Industries Ltd.
  • Frutels LLC
  • Functionalab
  • GliSODin Skin Nutrients

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable