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 |
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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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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
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.
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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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.
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.
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.
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.
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.
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.
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.
Leading players operating globally in the market are focusing on expansion, development, and new product launches in order to expand their business globally.
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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 |
The present valuation of nutricosmetics sector is at USD 6,984.7 million in 2024.
The nutricosmetics has had the compound annual growth rate of 6.6% in the 2019 to 2023 period.
Leading players operating in the global nutricosmetics market are Pfizer, Bayer AG, Reckitt Benckiser, Otsuka Holdings Company and Suntory Beverage & Food Company
The nutricosmetics market in the North America region is anticipated to grow at a CAGR 5.9% over the forecast period.
The Europe region's nutricosmetics industry is expected to expand at CAGR of 7.1% over the forecast period.
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
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