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Nutricosmetics Market

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Nutricosmetics Market Segmented by Product Type (Vitamins, Carotenoids, Omega-3 Fatty Acids), Form, Application, and Geography
Nutricosmetics Market - Size, Share, Trends,
& Forecast to 2025
Nutricosmetics are oral based nutritional supplements for beauty and skin
health. Nutricosmetics market is primarily driven by the expansion and
consumer awareness in personal grooming coupled with busy lifestyle of the
growing urban population. Nutricosmetics are health products which is mainly
used for the treatment of hair, nail, skin defects, sun protection and photoaging.
Photoaging is aging mainly caused due to exposure to ultraviolet (UV) light
which causes brown spots and deep wrinkles. Antioxidants such as vitamin E
and C, green tea polyphenols, beta carotene, supplements containing
polypodium leucotomos, an extract of a Central American fern plant, and
synergistic antioxidants has the ability to reduce sun damage. Other
micronutrients such as carotenes, flavonoids, and omega-3 fatty acids also
provides protection from ultraviolet light exposure and reduce the aging of skin
and wrinkle formation.
The global nutricosmetics market size was valued at US$ 5.00 billion (revenue)
in 2016 and is expected to expand at a CAGR of 11.65% in terms of revenue
during 2017 – 2025.
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Nutricosmetics: Success and Failures
Factors such as rapid innovation and technological advancements is expected to
gain traction in nutricosmetics market. For instance, in the U.S. Mars, food
packaging company launched Dove Beautiful (containing biotin, zinc and
vitamins E and C) and Dove vitalize (containing dark chocolate enriched with
vitamin B). These products in spite of high investment in product promotion
failed to gain consumer demand in the U.S market. Nutricosmetics products are
subject to market regulations in Europe. For instance, in October 2010,
European Food Safety Authority’s (EFSA) approved the launch of Nesfluid, a
functional beverage along with other ingredients such as zinc, vitamin C and D,
and selenium by Nestle.
Major players including Frutarom Ltd, Lucas Meyer Cosmetics S.A.S.,
Sanofi-Aventis U.S. LLC, Croda International Plc, and Pfizer Inc, Functionalab
Inc, Laboratoire Oenobiol S.A.S., Laboratoires Inneov SNC., Beiersdorf Ag,
BASF SE, Borba, Inc., Frutels LLC, ISOCELL SA, GlaxoSmithKline
Pharmaceuticals Limited, ExcelVite, Denomega Nutritional Oils AS, Groupe
Danone SA, IMCD Group BV, Lonza Group Ltd. among others are the key
competitors in the global nutricosmetics market. Product portfolio expansion
and geographical expansion are the key market trends which are expected to
shape the industry in the near future.
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pallavi.reddy
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