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Nutricosmetics: A Deep Dive into Industry Growth and Market Segmentation

user image 2024-10-30
By: prajwal001
Posted in: Food and Beverages

The nutricosmetics market is on an impressive growth trajectory, with recent data from Meticulous Research® projecting the global market to reach $12.61 billion by 2031, expanding at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. As consumer awareness about nutritional health, beauty, and wellness rises, so too does the demand for natural alternatives in personal care products. Driving forces behind this market surge include a thriving cosmetics industry, rising geriatric populations worldwide, and the mounting awareness of nutritional deficiencies. Yet, despite its promise, the nutricosmetics market faces challenges, such as regulatory constraints and market saturation in nutraceutical and cosmetic products.

This blog explores the key market trends, stakeholder roles, competitive landscape, and regional dynamics that are shaping the global nutricosmetics market.

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Key Growth Drivers in the Nutricosmetics Market

  1. Rising Consumer Awareness and Demand for Natural Solutions

A growing understanding of nutritional deficiencies and their impact on health is driving consumers to seek natural, holistic approaches for health and beauty. Consumers are increasingly aware of the importance of nutrition on skin health, hair quality, and overall vitality. This awareness shift is prompting consumers to turn to nutricosmetics, which blend nutrition with cosmetic benefits to support both internal and external wellness.


  1. Expansion of the Cosmetics Industry

The cosmetics industry continues to evolve, influenced by consumer demand for products that not only enhance appearance but also contribute to health. This demand is expanding the nutricosmetics market , as consumers look for multifunctional products that go beyond mere topical solutions. The result is a strong interest in nutricosmetic products that offer an inside-out approach to beauty and wellness , amplifying the benefits that traditional cosmetics deliver.


  1. Increasing Geriatric Population

With the global population aging, there is an increasing focus on maintaining health and vitality in later years. Nutricosmetics can address age-related issues such as skin elasticity , hydration , and wrinkle reduction , making them appealing for older consumers looking for natural anti-aging solutions .

Addressing Market Challenges

Although the nutricosmetics market shows significant promise, it faces notable challenges. One primary issue is low consumer awareness about the advantages of nutricosmetics, despite a growing interest in health and wellness . Many potential consumers are unfamiliar with the term "nutricosmetics" and may not fully understand its benefits. As a result, market players are focusing on educational initiatives to raise awareness, leveraging social media, educational campaigns, and partnerships with health professionals to spread knowledge about nutricosmetics.

Additionally, regulatory constraints remain a hurdle. Regulatory agencies impose stringent rules on product claims, ingredients, and marketing for nutraceuticals and cosmetics. This can slow down the product development and launch processes in certain regions. Yet, these regulations also serve as a quality control mechanism, encouraging manufacturers to ensure that their products meet high safety standards.

Emerging Trends in the Nutricosmetics Market

  1. Shifting Consumer Preferences Towards Health and Wellness

A trend toward health-conscious lifestyles and preventive health is influencing the nutricosmetics sector. Consumers are increasingly focusing on overall wellness rather than just outward beauty, with many viewing nutricosmetics as a proactive approach to health maintenance. This shift has spurred interest in functional foods and beverages that support skin, hair, and nail health from within.


  1. Innovative Product Formats and Delivery Systems

Consumers are seeking nutricosmetics in convenient, enjoyable formats. The market offers various delivery systems , including powders, tablets, capsules, soft gels, and gummies . Each format has unique advantages. For instance, powders are easily incorporated into food and beverages, while tablets offer portability and precise dosing. Gummies and soft chews add an enjoyable, easy-to-consume option that appeals to consumers looking for simple ways to incorporate nutricosmetics into their routines.


  1. A Focus on Personalization

Personalized beauty and wellness solutions are increasingly in demand, and nutricosmetics is no exception. Brands are exploring ways to offer customized solutions that cater to individual needs, such as skin type , age , and lifestyle factors . Advances in technology, such as AI and genetic profiling , could play a significant role in developing personalized nutricosmetics in the coming years.

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Competitive Landscape

The global nutricosmetics market is moderately competitive, with a combination of global, regional, and local players. These key players include:

  • Amway Corporation (U.S.)
  • Shiseido Company, Limited (Japan)
  • Koninklijke DSM N.V. (Netherlands)
  • Nestlé S.A. (Switzerland)
  • Suntory Beverage & Food Ltd. (Japan)
  • LycoRed Ltd. (Israel)
  • Lonza Group Ltd. (Switzerland)
  • BASF SE (Germany)
  • Herbalife Nutrition Ltd. (U.S.)
  • Beiersdorf AG (Germany)
  • Otsuka Holdings Co. Ltd. (Japan)
  • Sappe Public Company Limited (Thailand)

Each player’s strategic approach focuses on educating consumers about the benefits of nutricosmetics, developing new products, and expanding market reach across regions.

Product Segmentation and Market Shares

The nutricosmetics market is categorized by product type, form, and distribution channel .

By Product Type

Nutricosmetics offer solutions across skincare, hair care, nail care, and other specialized categories. The skincare segment is projected to hold the largest market share, accounting for 46.7% of the market in 2024 . This dominance is largely due to the growing geriatric population and increasing concerns about skin health, such as wrinkles, acne, and sun damage . Meanwhile, the hair care segment is expected to grow at the highest CAGR due to rising consumer interest in products that can enhance hair strength, shine, and overall health .

By Form

Nutricosmetics are available in various forms to cater to consumer preferences for convenience and lifestyle compatibility. These forms include powder, liquid, tablets, capsules & soft gels, and gummies & soft chews . The powder form segment is projected to be the largest in 2024, as powders are easy to mix with functional foods and beverages . However, tablets are anticipated to grow at the highest CAGR due to their extended shelf life and ease of dose standardization .

By Distribution Channel

Nutricosmetics are sold through supermarkets & hypermarkets, pharmacies & drug stores, specialty stores, e-commerce platforms, and other channels. Supermarkets and hypermarkets are projected to hold the largest share, 39% of the market in 2024 , attributed to factors such as rapid urbanization , increasing disposable incomes , and consumers’ preference for an enhanced offline shopping experience . Online platforms, however, are also gaining traction, offering convenience and accessibility that appeal to the younger demographic.

Geographic Overview

The nutricosmetics market is segmented geographically into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa . Each region exhibits unique growth drivers and consumer preferences:

  • Asia-Pacific : Holding the largest share at 43.9% of the market in 2024 , the Asia-Pacific market is expected to remain dominant, driven by high nutricosmetics awareness in countries like Japan and China . Asia-Pacific’s growth is fueled by strong dietary supplement consumption , advancements in nutricosmetic products , and a growing emphasis on beauty and wellness .
  • North America : The market in North America shows strong growth potential, attributed to the high disposable incomes and an increasingly health-conscious population . There is also a trend toward preventive healthcare among consumers in this region, making nutricosmetics appealing to a broad audience.
  • Europe : Europe is witnessing steady growth, with countries such as Germany , France , and the U.K. leading the market. European consumers are drawn to high-quality, premium products , often prioritizing sustainability and natural ingredients .

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Future Outlook and Strategic Focus

The nutricosmetics market is expected to continue its upward trajectory as consumer awareness grows and innovative solutions emerge. For stakeholders, focusing on consumer education and product transparency will be essential to capture a larger share of the market. Furthermore, adapting to regional demands and regulatory requirements will help businesses thrive across diverse markets.

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