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The Nutricosmetics Market is expected to reach $12.61 billion by 2031, at a CAGR of 7.2% from 2024 to 2031.
According to the latest publication from Meticulous Research®, the global nutricosmetics market is poised for substantial growth, projected to reach $12.61 billion by 2031, with a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031. This growth trajectory is fueled by several factors, including increasing awareness of nutritional deficiencies, a rising consumer preference for natural health and beauty products, expansion in the cosmetics industry, and an aging population. However, market saturation in nutraceuticals and cosmetics, along with stringent regulations, may pose challenges to this growth.
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Addressing Consumer Awareness Challenges
Stakeholders within the nutricosmetics sector have a pivotal role in tackling the significant challenge of low consumer awareness regarding the benefits of nutricosmetics. As demand for innovative beverages and functional foods surges, companies are prioritizing consumer education about the advantages of incorporating nutricosmetics into daily routines. This education is crucial for enhancing market penetration and encouraging more consumers to explore these products.
Health and Wellness Trends Shaping the Market
A major trend influencing the nutricosmetics market is the increasing focus on health and wellness. This shift significantly impacts market dynamics, shaping consumer preferences and purchasing behavior within the nutricosmetics sector. As consumers become more health-conscious, the demand for products that combine beauty and nutrition will likely continue to grow.
Competitive Landscape
The global nutricosmetics market is characterized by a moderately competitive landscape, featuring a mix of large and small players across global, regional, and local scales. Key players in this market 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)
Market Segmentation
The global nutricosmetics market is segmented based on product type, form, distribution channels, and geography:
Product Type
The market is divided into several categories, including skincare, hair care, nail care, and other types. In 2024, the skincare segment is expected to dominate, accounting for 46.7% of the market. This significant share can be attributed to the growing geriatric population, heightened awareness of skin nourishment, and increasing prevalence of skin issues like acne, wrinkles, and tanning. Meanwhile, the hair care segment is anticipated to experience the highest CAGR during the forecast period.
Form
Nutricosmetics are available in various forms, such as powder, liquid, tablets, capsules, gummies, and soft chews. The powder form is expected to hold the largest market share in 2024. However, the tablets segment is projected to witness the highest CAGR, driven by advantages like extended shelf life, portability, and precise dosing.
Distribution Channels
The nutricosmetics market is also segmented by distribution channels, including supermarkets and hypermarkets, pharmacies and drug stores, specialty stores, e-commerce, and others. The supermarkets and hypermarkets segment is expected to account for 39% of the market share in 2024. This dominance is attributed to the increasing number of grocery stores offering high-quality products, rapid urbanization, rising disposable incomes, and the growing preference for offline shopping due to enhanced customer experiences.
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Geographic Overview
This research report provides a thorough analysis of major geographic regions, including:
- North America (U.S., Canada)
- Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, Mexico, and the Rest of Latin America)
- Middle East & Africa
In 2024, the Asia-Pacific region is projected to hold the largest market share at 43.9%. This segment is estimated to be worth $3.40 billion, driven by increased penetration of advanced medications, high dietary supplement consumption, growing demand for functional foods and beverages, and heightened awareness of nutricosmetics, particularly in Japan and China.
Nutricosmetics Market Research Summary
| Particulars | Details |
| Number of Pages | 190 |
| Format | |
| Forecast Period | 2024–2031 |
| Base Year | 2023 |
| CAGR (Value) | 7.2% |
| Market Size (Value) | $12.61 Billion by 2031 |
| Segments Covered | By Product Type
By Form
By Distribution Channel
|
| Countries Covered | North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, and Rest of Latin America), and Middle East & Africa. |
| Key Companies | 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), and Sappe Public Company Limited (Thailand). |
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