Global Nutricosmetics Market - Upcoming Trends, Growth Drivers and Challenges – Forecast to -2018-2025
Summary -
A new market
study, titled “Global Nutricosmetics Market
- Upcoming Trends,
Growth Drivers and Challenges – Forecast to -2018-2025” has been featured on WiseGuyReports.
Drivers & Restraints
The growing demand
for cosmetics with natural additives, growing concern for healthy ag-ing and
changing beauty perceptions & trends are the major drivers for the
nutricosmetics market. The perceptions of people regarding beauty have changed
in the past few years. Many consumers now understand that beauty is more about
how they feel than appearance, and the healthier they are, and the better they
look. This premise has opened up the beauty market to a far broader range of
consumers and has uncovered a unique need that is being met by the
nutricosmetics industry. There has been a growing trend surrounding knowledge
of how nutrients act to improve skin health, as well as a better understanding
among the consumers that the skin is an important barrier to outside
influences. This, combined with recent research and knowledge regarding gut
health's role in visual appearance, has al-lowed for cross-marketing of
products and ingredients, and thus have boosted the demand for nutricosmetics
globally.
The high cost of
nutricosmetics products and the long-time duration involved in its develop-ment
process is the primary factor which can hinder the growth of the market in the
coming years.
Segment Analysis
The global
nutricosmetics market report segments the market by product type, form, and
application. Product type segment includes vitamins, carotenoids, omega-3 fatty
acids, collagen peptides, and others. Carotenoids hold a significant market
share in the product type category. The inhibition of collagen synthesis leads
to skin aging and carotenoids help in overcoming this condition by reducing the
inhibition and blocking the UV rays. Carotenoids are well known as coloring
agents, but they also enhance the skin with their anti-aging, skin lightening
and sun care properties. Among the carotenoids, beta-carotene holds the
significant market share followed by lutein, lycopene, and astaxanthin.
Further, on the
basis of application, the market includes skin care, hair care, oral care, nail
care, and others. Skin Care is the most dominant segment in the nutricosmetics
market by application. Vitamins, collagens, and enzymes are the major
ingredients used in skincare products. These products are used for the controlling
signs of aging, sun protection, skin brightening, increasing skin firmness, and
cellulite reduction.
Title: Global
Nutricosmetics Market Share – By Application, 2017
Skin Care 30%
Hair Care 25%
Oral Care 20%
Nail Care 15%
Others 10%
Geographical Analysis
The report segments
the market by geographic region which includes North America, South America,
Europe, Asia-Pacific, and rest of the world. Europe and Asia-Pacific accounted
for the majority of market share for nutricosmetics in 2017. The European region
leads the global market because of the high penetration of nutricosmetics
coupled with high adoption rate among consumers as well as high awareness of
the products’ benefits. The favorable economic circumstances in the European
countries allows the customers to afford the usual-ly higher-priced healthy
food and beverage products which are driving the market for Nutri-cosmetics in
the region. Western Europe continues to thrive in nutricosmetics sales mainly
through the health professional pharmacy-based distribution. However, the
absence of clear regulations that allows the companies to promote and inform
about the benefits of their product can lead to the stagnation of
nutricosmetics market in Europe. In Europe, Nutri-cosmetics falls under both
medicinal and food law, and ambiguity persists about which law is applicable.
Asia-Pacific held a
significant market share in 2017, and is expected to witness robust growth
during the forecast period, and thus becoming the largest market in the coming
years. The growing trend for nutricosmetics in APAC is primarily because of the
growing re-tail sector, increasing health awareness, high demand for beauty
products among millenni-als, and a large aging population. The market is well
established in countries like Japan and China. Japan holds the largest market
share in Asia as well as in the global market. The reg-ulatory system in Japan,
the FOSHU legislation is the most favorable for the development of
nutricosmetics market. Also, according to the Japanese tradition, the
development of nutri-cosmetics ingredients and finished products are based on
scientific proofs and supported by demonstrated Japanese health requirements.
In Japan, Nutricosmetics like collagen are commonly found in foods &
beverages including tea, coffee, cookies, chocolates, and water.
The North American
region is largely an untapped region for nutricosmetics. Lack of aware-ness,
and regulatory challenges and advertising restrictions on ingredients and
prod-uct/benefit claims is a major obstacle to the growth of the market in the
region. However, with growing incidence of scientifically proven efficiencies,
the market in the region is ex-pected to improve in the nearby future.
Title: Global
Nutricosmetics Market Share – By Geography, 2017
North America 15%
Europe 30%
Asia-Pacific 35%
South America 10%
Rest of the World
10%
Key Players
The Global
Nutricosmetics market report profiles the following companies-
Frutarom Ltd, BASF,
FunctionalLab Inc., Ferrosan A/S, Denomega, Lonza Group, Martek Bio-sciences
Corporation, Groupe Danone, Laboratoire Oenobiol S.A.S, Sanofi-Aventis U.S.,
Inne-ov (L’Oreal and Nestle), Borba, Inc., GlaxoSmithKline Pharmaceuticals
Limited, Croda Inter-national Plc., Pfizer Inc.
Key market segments
covered
By Product Type
• Vitamins
• Carotenoids
• Omega-3 Fatty
Acids
• Collagen Peptides
• Others
By Form
• Liquid
• Solid
By Application
• Skin Care
• Hair Care
• Oral Care
• Nail Care
• Others
By Region
• Asia Pacific
• Europe
• North America
• South America
• Rest of the World
Why purchase the
report?
• Visualize the
composition of the Nutricosmetics market across each indication, in terms of
product type, form and application highlighting the key commercial assets and
players.
• Identify
commercial opportunities in Nutricosmetics market by analyzing trends and
co-development deals.
• Excel data sheet
with thousands of data points of the Nutricosmetics market level 4/5
segmentation
• PDF report with
the most relevant analysis cogently put together after exhaustive qualitative
interviews and in-depth market study
• Product mapping in
excel for the key Nutricosmetics market products of all major market players
Target Audience
• Raw Material
Suppliers/ Buyers
• Product Suppliers/
Buyers
• Industry
Investors/Investment Bankers
• Education &
Research Institutes
• Research
Professionals
• Emerging Companies
• Manufacturers
FOR MORE DETAILS : https://www.wiseguyreports.com/reports/3791619-global-nutricosmetics-market-2018-2025
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