Nutricosmetics Market Overview
The Global Nutricosmetics Market is projected to grow with a significant growth rate of 5.33% from 2019 to 2024 and reach a market value of USD 6.17 billion by the end of 2024. Nutricosmetics can be defined as a blend of nutrition and cosmetics that intends to improve the standard of the skin and rejuvenate it. These products can significantly impact the standard of hair, skin, and nails. The intake of these Nutricosmetics Market vdemands better maintaining of diet charts as well. Most of the dermatologists feel that a holistic change can impact the market the most. The market is also witnessing growth with significant anti-aging vitamin supplements. People are now focusing more on how to improve the well-being of the commoners, which can inspire better proliferation chances in diverse sectors.
The market for nutricosmetics can witness better traction from increasing demand for clean label products. Several other factors like a hike in demand for anti-aging supplements, better awareness regarding health, and others can trigger market growth in the coming years. But its random consumption can lead to adverse impacts on the market, which can pull back the market growth.
Competitive Landscape
The market for the nutricosmetics is gaining traction from several quarters and it is depending a lot on the growing integration of various strategic developments these companies are showing. These strategies include a merger, acquisition, tie-ups, and other moves. These companies are Alès Groupe (France), Nature's Herbs & Wellness (US), Nutrinelife (India), Lonza Group (Switzerland), Nutrilo GmbH (Germany), Skinside A.G. (Switzerland), Koninklijke DSM N.V. (Netherlands), Inovacure (France), Church & Dwight Co. (US), Functionallab Group (Canada), and others. MRFR includes comprehensive studies with various data to simplify the understanding of the market.
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Market Segmentation
The global market report on the nutricosmetics has its focus on several segments that can influence the market route chart for the coming years. These segments are type, function, and distribution channels, which can substantiate the market understanding with factors to scientifically establish various aspects.
By type, the report on the global market for nutricosmetics includes premixes, beauty drinks, capsules & tablets, and others. The beauty drinks segment is all set to gain better traction for the market in the coming years as rising health awareness is setting trends.
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Regional Analysis
The Asia Pacific region is showing immense possibilities in terms of contribution to fetching revenues. The massive population residing here and their increased buying capacity with better awareness related to products are expected to make sure that the market continues its growth streak. Countries like China, India, and others are holding substantial market promise. The regional aging population is expected to provide better traction in the coming years.
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