Nutricosmetics Industry Outlook 2024 to 2034

The global sales of nutricosmetics have been estimated USD 6,984.7 million in the year 2024 and are expected to reach an industry valuation of USD 15,398.7 million in the year 2034 with a market CAGR of 8.2% between the years 2024 and 2034. Nutricosmetics sector revenue in 2023 is USD 6,520.7 million.

The industry is expected to record an annual growth of (Y-o-Y) of 7.1% in 2024. The market value share of the nutricosmetics industry in its parent market (beauty products market) is approximately ~2%-5%.

Attribute Details
Historical Size, 2023 USD 6,520.7 million
Estimated Size, 2024 USD 6,984.7 million
Projected Size, 2034 USD 15,398.7 million
Value-based CAGR (2024 to 2034) 8.2%

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Key Points Covered in Nutricosmetics Industry Survey

  • Market estimates and forecast 2024 to 2034
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Global Nutricosmetics Market and How to Navigate
  • Recommendation on Key Winning Strategies

2019 to 2023 Nutricosmetics Products Sales Outlook Compared to Demand Forecast from 2024 to 2034

It is worth noting that the global nutricosmetics market steadily advanced at a CAGR of 6.6% from 2019 to 2023 as people approached the topic with higher attention when it comes to the cooperation of nutrition and cosmetics. This period was marked by higher calls for skincare products, including nutritional supplements that are beneficial for the skin, with vitamins, minerals, and antioxidants.

There was an increased occurrence of trends in the markets for wellness and personalized health with customers looking for scientifically proven remedies for beauty and aging.

From the projection of 2024 to 2034, there will be further development, although the scenario would be different. Over the years the level of demand is expected to stay high due to continued research in new formulas, promotion of total body care concept, and development of new nutritional knowledge.

Nevertheless, the market will be under pressure to deal with increased competitive rivalry, legal requirements, and changes in the customers’ needs that influence growth rates. Future determinants of sales will involve innovative technologies applicable to nutricosmetics ingredients, customized nutrition, and general healthy living

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Demand for Natural Products is Driving Demand for Nutricosmetics

Consumer inclination towards “natural” alternatives to skin health and beauty has become quite obvious over the past few years! it coincides with the eco-friendly and organic beauty brands. Consumers are now preferring natural alternatives over synthetic formulations. The leading cosmetics brands are foraying into the production of herbal compositions, dismissing any toxic or chemical intervention within the product composition.

Nutricosmetics ingredients are often naturally obtained, making them appealing to this type of consumer, especially within the channels of distribution. Novel herbal ingredients are being incorporated into a range of natural skin and hair applications for cosmetic as well as therapeutic benefits.

Rising Popularity of Inside-Out Approach to Beauty

Customers are turning out to be progressively accepting that applying product to the skin isn't as productive as burning-through excellence from inside enhancements coordinated explicitly for the hair, skin, and nails to improve and maintain beauty from the inside out.

Consumer education regarding health benefits associated with balanced nutrition and supplementation is increasing, simultaneously encouraging natural and non-invasive protocols against accelerated aging, premature hairline receding, and other skin-associated issues.

There is a growing awareness among consumers concerning the significance of a multi-factorial methodology with regards to skin's wellbeing, longevity, and beauty. Customers have started to shun chemical formulations and treatments for oral enhancements.

The promoting of explicit nutritive advantages for wellbeing and skin has turned out to be more compelling than presenting beauty-enhancing claims for nutricosmetics. A balanced diet, strict fitness routine, and oral enhancements guarantee the best outcomes for overall beauty, and this attraction is driving the nutricosmetics market globally.

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What is Gaining Popularity of Micro-Biome Skincare Products?

It has been seen that there is a growing market for microbiome skincare products as nutricosmetics because of the inclination towards organic and natural products and positive results shown by probiotics in the food and beverage sector. It is, therefore, creating vast opportunities within the cosmetics and personal care industry as the consumers are progressively increasing their understanding of the benefits of using microbial targeted products.

The market for nutricosmetics is set to experience strong growth globally due to the growing and constant market need for nutrition-cosmetic products. Currently in the United States, the FDA is in the process of evaluating scientific evidence to determine safety and efficacy of probiotics and post-biotics again emphasizing the viability of these ingredients in skincare.

Such leaders as DSM are on the cutting edge of the technological advances and experiment with specific strains of probiotics and skin health. For instance, Pentavitin, DSM’s skin bioactive accepted in the USA market, works on Staphylococcus epidermidis bacteria of the scalp microbiome to help nourish the skin and alleviate dryness.

Moreover, there is DSM’s Syn-Up one that is available only in the USA and it is the peptide-based ingredient that works with the skin microbiome to address the issues related to dry skin and skin redness.

In the future as the nutricosmetics industry flourishes, microbiome-friendly ingredients for skincare products will remain one of the most important factors to be explored through research. Firms that can explore and dominate the use of probiotics and other bioactive compounds to improve skin health are set to reap huge benefits in terms of market reach and customer interest.

What is driving the Demand for the Nutricosmetics Market?

There are several factors that have led to the increased demand of the nutricosmetics market. Aging population is one of the main factors that help to drive change. Therefore, people with a desire for youthful skin and the ability to improve their quality of life turn to wrinkle cream.

This demographic alone spends billions of dollars every year on goods and services targeting the fine wrinkles and other signs of aging hence can be considered a huge market for nutricosmetics.

Besides, the role of an aging population and the modern approach to beauty with the “beauty from within” message implying a more profound understanding of the link between nutrition, health, and beauty. This awareness has made consumers diversify and change their ways of thinking in the sense that they now realize that the foods they take have direct effects in generating their skin and hair complexion and general outlook.

Country-wise Insights

Why Italy is expected to be prominent market in Europe for nutricosmetics products?

It is estimated that Italy will have a CAGR of 7.3% by the end of 2034 for the market of nutricosmetics products in Europe. Italian consumers prefer skincare products that contain active ingredients and natural components, a trend that is expected to continue; another feature highly sought after is the ease of use and absorption of the product.

Italian cosmetics are known around the world for their formula innovation and manufacturing company service characteristics, which have helped the Italian cosmetics sector establish itself in both conventional and growing markets, these factors help Italy in making a prominent market for nutricosmetics products in Europe.

What is driving the market for nutricosmetics products in India?

In South Asia Region, India has been the dominant market for nutricosmetics, estimated that the CAGR value for the Indian market by the end of 2034 to be 16.1%. Few professional make-up lines in India can cater to the diverse variety of salons and professional make-up artists.

In addition to increasing competition within the beauty business in India, the rapid growth of the sector has attracted numerous international brands to the country with these factors are making India a prominent market and driving business for nutricosmetics products in India.

Why the USA is a prominent market for cosmetic Products?

In North America, the USA is expected to have the maximum market share by the end of 2023 and grow with a CAGR value of 5.4% from 2024 to 2034.

Changing lifestyle owing to a rise in income is making it possible for consumers to opt for a healthier alternative for themselves as well as the environment which were considered inaccessible before, these factors are driving the market towards significant growth in the region and making the USA a prominent market for cosmetic products.

Category-wise Insights

Will Powered Supplements dominate the market for Nutricosmetics products?

Nutricosmetics products are available in a variety of products and come in six types due to customers’ preferences and requirements. Of these, the powder type is expected to post robust growth with an expected CAGR of 7.2%. Undefined the increase in the popularity level of powdered supplements can be attributed to several important aspects.

Liquid supplements are especially valued because they can be taken quickly without any hassle when mixed with water or other liquids. Powder forms also provide better solubility and, since they are often more concentrated, have a higher nutrient density-most powders contain more than 2g of active ingredients per serving, making them highly effective for those wanting the strongest nutritional punch.

Which distribution channel is expected to grow over the year for nutricosmetics products?

For nutricosmetics products it was observed that for distribution channels like e-commerce platform market value CAGR is expected to grow by 9.6% by the end of 2034, the reason being online and digital channels have been gaining market share from other channels, owing to rising needs for convenience and rapid information, and providing the right platform for individualized beauty solutions.

Competitive Landscape

Leading players operating globally in the market are focusing on expansion, development, and new product launches in order to expand their business globally.

For instance

  • Pfizer Inc. highly focus on growth opportunities by advancing its own pipeline and maximizing the value of the company in-line products, as well as through various forms of business development, which can include alliances, licenses, joint ventures, and among others.

Scope of Report

Attribute Details
Forecast Period 2024 to 2034
Historical Data Available for 2019 to 2023
Market Analysis USD Million for Value
Key Regions Covered North America; Latin America; Europe; East Asia; South Asia; Oceania & MEA
Key Segments Covered Product Type, Application, Price Range, and Region.
Key Companies Profiled Pfizer Inc.; Bayer AG ADR; Suntory Beverage & Food Company; Reckitt Benckiser Company; Herbalife Nutrition; Shiseido Company; Koninklijke DSM NV; Otsuka Holdings Company; Beiersdorf AG; Lonza Group
Report Coverage Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing Available upon Request
Table of Content
  • 1. Executive Summary
  • 2. Industry Introduction, including Taxonomy and Market Definition
  • 3. Market Trends and Success Factors, including Macro-Economic Factors, Market Dynamics, and Recent Industry Developments
  • 4. Global Market Demand Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Pricing Analysis
  • 6. Global Market Demand (in Value or Size in USD Million) Analysis and Forecast 2024 to 2034
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
    • 7.1. Supplements
      • 7.1.1. Tablets
      • 7.1.2. Capsules
      • 7.1.3. Powder
      • 7.1.4. Liquid
    • 7.2. Beauty Beverages/Drinks
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Primary Function
    • 8.1. Skin Care
    • 8.2. Sun care
    • 8.3. Anti-aging
    • 8.4. Radiance & Glow
    • 8.5. Anti-acne/pimple
    • 8.6. Hair & Nail Care
    • 8.7. Weight Management
    • 8.8. Multi-Functional (Covers two or more categories like skin & hair together etc.)
  • 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Price Range
    • 9.1. Economy
    • 9.2. Mid-Range
    • 9.3. Premium
  • 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Distribution Channel
    • 10.1. Hypermarkets/ Supermarkets
    • 10.2. Convenience Store
    • 10.3. Specialty Store
    • 10.4. Direct Selling
    • 10.5. Departmental Stores
    • 10.6. e-Commerce
    • 10.7. Other Retail Formats
  • 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 11.1. North America
    • 11.2. Latin America
    • 11.3. Europe
    • 11.4. South Asia
    • 11.5. East Asia
    • 11.6. Oceania
    • 11.7. Middle East & Africa
  • 12. North America Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
  • 13. Latin America Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
  • 14. Europe Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
  • 15. East Asia Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
  • 16. South Asia Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
  • 17. Oceania Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
  • 18. MEA Region Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments
  • 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
  • 20. Company Profile
    • 20.1. Pfizer Inc.
    • 20.2. Herbalife Nutrition Ltd
    • 20.3. Amway Corporation
    • 20.4. Phyto Botanical Power
    • 20.5. Viviscal Limited
    • 20.6. Everest NeoCell LLC
    • 20.7. Amazing Nutrition
    • 20.8. 21st Century HealthCare, Inc.
    • 20.9. Nature's Bounty
    • 20.10. Nutrawise health & beauty corporation
    • 20.11. PureLogical International
    • 20.12. Ivy Bears
    • 20.13. Vitabiotics Ltd.
    • 20.14. MartiDerm
    • 20.15. Shiseido Co. Ltd.
    • 20.16. H&H Group
    • 20.17. Origo Cosmecuticals Pvt. Ltd.
    • 20.18. Other Players (As requested)
  • 21. Assumptions and Acronyms
  • 22. Research Methodology

Global Nutricosmetics Market by Category

By Product Type:

  • Beauty Berages/ Drinks
  • Supplements
  • Tablets
  • Capsules
  • Powder
  • Liquid

By Primary Function:

  • Skin Care
  • Sun Care
  • Anti-Aging
  • Radiance & Glow
  • Anti-acne/pimple
  • Hair & Nail Care
  • Weight Management
  • Multi-Functional

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Frequently Asked Questions

What is the current size of the nutricosmetics market?

The present valuation of nutricosmetics sector is at USD 6,984.7 million in 2024.

At what percent of growth rate did the nutricosmetics industry in the world grow between 2019 and 2023?

The nutricosmetics has had the compound annual growth rate of 6.6% in the 2019 to 2023 period.

Who are the leading key players in the global nutricosmetics market?

Leading players operating in the global nutricosmetics market are Pfizer, Bayer AG, Reckitt Benckiser, Otsuka Holdings Company and Suntory Beverage & Food Company

What will be the demand outlook for North America nutricosmetics market?

The nutricosmetics market in the North America region is anticipated to grow at a CAGR 5.9% over the forecast period.

What is the nutricosmetics demand outlook for Western Europe?

The Europe region's nutricosmetics industry is expected to expand at CAGR of 7.1% over the forecast period.

Recommendations

Organic Cosmetics Market
Expected Base Year Value (2024) USD 21558.3 million
Anticipated Forecast Value (2034) USD 35452.08 billion
Estimated CAGR (2024 to 2034) 5.10%
Colour Cosmetics Market
Market Size, 2024 USD 54,772 million
Projected Market Size, 2034 USD 87,916 million
Value-based CAGR (2024 to 2034) 4.8%
Natural Cosmetics Market
Estimated Market Size (2023) USD 48.4 Billion
Projected Market Size (2033) USD 79.6 Billion
Value CAGR (2023 to 2033) 5.1%

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