Nutricosmetics Market - By Product Type (Tablets and Capsules, Powder and Liquid, Gummies and Soft Chews), By Ingredient (Carotenoids, Vitamins, Omega-3 Fatty Acids), By Application (Skin care, Hair Care, Nail Care), By Distribution Channel & Forecast, 2022-2030

Nutricosmetics Market - By Product Type (Tablets and Capsules, Powder and Liquid, Gummies and Soft Chews), By Ingredient (Carotenoids, Vitamins, Omega-3 Fatty Acids), By Application (Skin care, Hair Care, Nail Care), By Distribution Channel & Forecast, 2022-2030

Nutricosmetics Market Size

Nutricosmetics Market size was valued at nearly USD 6.9 billion in 2021. Driven by the growing awareness about hair and skin disorders, the industry is slated to depict a CAGR of 8.1% from 2022 to 2030.
 

Hair and skin problems continue to assert a profound impact, predominantly among women. As per the Australian Journal of General Practice, FPHL (female pattern hair loss) is considered a major cause of female alopecia, affecting nearly 49% of women at some point in their lives. The rising incidence of these disorders will result in the flourishing demand for nutricosmetics ingredients and products to help keep nails and skin healthy.
 

Likewise, the beauty-from-within strategy is emerging as a trend among millennials, considering its benefits such as nourishment, repair, growth, and increased hair volume. Consumers are also growing more inclined toward high-quality nutritious or natural products for preventive action against diseases. The acceptance of preventive health management practices will provide lucrative growth opportunities for the nutricosmetics market.
 

Despite the burgeoning popularity, several nutricosmetic products lack credibility. Concerns regarding the authenticity of product claims may thus create a hindrance to nutricosmetics industry expansion.
 

Nutricosmetics Market Analysis

Based on product type, the nutricosmetics industry is bifurcated into gummies and soft chews, powder and liquid, and tablets and capsules. Of these, the tablets, and capsules segment registered revenue of around USD 2.72 billion in 2021.
 

Consumers are increasingly relying on tablets, given their cost-effectiveness and high content of active ingredients, among other benefits, such as shelf-stability and ability to retain its potency for a longer period. Meanwhile, the ability of capsules to offer faster relief to symptoms, along with their higher bioavailability, will escalate the consumption of nutricosmetics in tablet and capsule forms.
 

In terms of the ingredient, the industry is divided into vitamins, carotenoids, omega-3 fatty acids, and others. Growing health concerns have led to increased adoption of carotenoids in dietary supplements, contributing to the overall nutricosmetics demand.
 

The nutricosmetics market from the carotenoids segment is set to exhibit an 8.6% CAGR through 2030. The segmental expansion is driven by the extensive usage of carotenoids in cosmetics, foods, and pharmaceuticals. This ingredient also delivers exceptional health benefits due to substantial concentrations of lutein, beta-carotene, lycopene, astaxanthin, annatto, zeaxanthin, and canthaxanthin, which could strengthen the global market outlook.
 

With regards to the application spectrum, the market is segmented into weight management, nail care, skincare, hair care, and others. Increasing usage of hard water for hair washing and the subsequent rise in hair-related issues will bolster the nutraceuticals market size from the hair care application segment, which is set to record revenue of over USD 3.19 billion by 2030.
 

Rising cases of hair-related issues are caused by several factors, such as air pollution, extreme climatic conditions, and the usage of hard water. To reduce hair damage, consumers are increasingly opting for nutricosmetic supplements, including biotin, for hair care applications.

Based on the distribution channel, the industry is categorized into supermarkets/hypermarkets, online pharmacies, specialty stores, retail pharmacies, and others. Among these, the nutricosmetics market size from the specialty store segment is expected to depict a CAGR of over 7.3% from 2022 to 2030.
 

Specialty stores are also emerging as a prominent market segment, given their ability to cater to niche markets and focus on curating specialized ranges of high-quality products. In addition to improving knowledge about specific product categories among staff, such factors will proliferate nutricosmetics industry demand from specialty stores.
 

Regionally, the Europe nutricosmetics market is poised to depict a CAGR of over 7.9% through 2030. Driven by the growing elderly population and the robust demand for anti-aging products, the industry will witness commendable growth across Spain, the UK, Germany, Italy, France, and other European nations. The regional market development will also be accelerated by the robust consumer demand and the introduction of favorable regulations.
 

Nutricosmetics Market Share

• Nexira
• Vitabiotic
• Suntory Holdings Limited
• SEPPIC
• Reviderm AG
• Nestle Health Science (Solgar)
• KORA ORGANICS
• Herbalife Nutrition
• GliSODin Skin Nutrients
• GlaxoSmithKline PLC
• Functionalab
• Fit & Glow Healthcare Private Limited
• Blackmores Limited
• Beiersdorf
• BASF
• Amway
• Activ’Inside

are among the prominent players operating in the global nutricosmetics industry. These firms mainly focus on product line expansion, merger, and acquisition strategies to gain a competitive edge over rivals in the global market.
 

For example, in October 2021, Nexira launched a new line of botanical extracts and organic components for the nutricosmetics sector under the NutriBeauty range. This product launch helped the company to optimize its business revenue and geographical presence.
 

Impact of COVID-19 Pandemic

The beauty industry witnessed major disruptions in the initial months of the COVID-19 pandemic, with global sales experiencing a slump in 2020. However, the nutricosmetics sector remains resilient, owing to the increased awareness of personal health and wellbeing during the pandemic.
 

Furthermore, the beauty industry is recovering gradually from the turmoil of 2020, which will provide opportunities for the nutricosmetics industry development over the forthcoming years.
 

The Nutricosmetics market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2030 for the following segments

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By Product Type

• Tablets and Capsules
• Powder and Liquid
• Gummies and Soft Chews

By Ingredient

• Carotenoids
• Vitamins
• Omega-3 Fatty Acids
• Others

By Application

• Skin Care
• Hair Care
• Nail Care
• Weight Management
• Others

By Distribution Channel

• Supermarkets/Hypermarkets
• Online Pharmacies
• Retail Pharmacies
• Specialty Store
• Others

The above information is provided for the following regions and countries

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE