This has increased demand for Nutri cosmetics that provide skin-enhancing benefits. Nutraceuticals are functional foods or supplements that provide health benefits beyond basic nutrition are mostly used in the nutricosmetics.Women are highly interested towards beauty supplements which helps to boost the market growth in the forecast period. Rising consumer awareness regarding grooming and skin health coupled with busy lifestyle impacts the growing skincare nutricosmetics segment.
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Market Dynamics
Rising Global Geriatric Population is Driving the Market The global nutricosmetics market is driven by factors such as aging population, development of multi-benefit products, rising concern towards health and beauty, and increasing demand for minimum invasive beauty treatments. Trend of “beauty from within” is gaining acceptance among consumers, particularly among aging populations in developed economies.Growing Popularity of Wellness and Self-Care Products.The growing popularity of wellness and self-care products has led to increased demand for nutricosmetics and nutraceuticals as consumers seek out products that support overall health and well-being. An increase in new product launches by prominent key players also helps to boost regional growth over the forecast period.
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Segment Analysis
The global nutricosmetics market is segmented based on type, application, ingredient and region.Increase in the Product Launches by Key Players Helps to Boost Supplement Segment GrowthDietary supplements evolved as the most established and widely used mode of nutrient intake across the globe. These formulations are consumed as supplement to regular diets to ensure adequate nutritional supply to the body. The ease of ingestion and accurate supply of nutrients made dietary supplements as the preferred choice. For instance, Amway launched nutrition supplement in gummies and jelly strips under brand name Nutrilite.
Competitive Landscape
Symrise launched a range of Diana food bioactive for beauty within products. The product brand offers various anti-aging, skin-brightening, and hair- and nail-care products. It is made up of bibioactivehat are naturally sourced, including collagen type I, vitamins C and A, and polyphenols from different fruits. With its selection of cosmetic components, Symrise has a lengthy history in the beauty sector.
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