In a recent published report, Kenneth Research has updated the market report for Nutricosmetics Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Nutricosmetics Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Nutricosmetics Market is estimated to reach $12.6 billion by 2024, growing at a CAGR of 12.6% from 2016 to 2024. Nutricosmetics are ingestible products used to enhance beauty and maintain good health of humans. These products are available in the form of beauty supplements, beverages or functional foods, which contain active ingredients with proteins, minerals, enzymes, lycopene, and botanical leaves. They consist of antioxidants and target nutrients for the treatment of skin, nails, and hair. Nutricosmetics enhances several functions including hydration, photo-protection, hair nourishment, skin lightening, hair growth, slimming, and skin repair. Increase in life expectancy, rising popularity of organic and naturally healthy food and beverages, and emergence of spa culture are supplementing the adoption of nutricosmetics among end users.
The global nutricosmetics market is driven by factors such as, aging population, increasing investments for developing enhanced products, rising concern towards health and beauty, and increasing demand for minimum invasive beauty treatments. Though, low awareness among end users and long downtime of these products to show results could hamper the growth of the market. Development of advanced products and rising marketing strategies to penetrate untapped markets would provide numerous opportunities in forecasted period.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The global nutricosmetics market has been characterized on basis of type and geography. The nutricosmetics market is segmented by type as pills (skin care, hair care, and others), and liquid (skin care, hair care, and others).
Based on geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, South Korea, and others, while RoW is bifurcated into South America, Middle East, and Africa.
The key market players include Cargill Incorporated, Ferrosan A/S, Nutrilo GmbH, GlaxoSmithKline Pharmaceuticals Limited, Husumer Mineralbrunnen GmbH & Co. KG, L’Oreal SA, C.C. Natural Products Tech Limited, E.I. Du Pont Nemours and Company, Martek Biosciences Corporation, and LycoRed Limited, among others.
The key takeaways from the report:
The report will provide detailed analysis of Global Nutricosmetics Market with respect to major segments such as type and geography
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Global Nutricosmetics Market has been included in the report. Profile of the key players in the Global Nutricosmetics Market will be provided, which include key financials, product & services, new developments and business strategies
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Scope of Nutricosmetics Market:
Type Segments
Pills
Skin Care
Hair Care
Other Pills
Liquid
Skin Care
Hair Care
Other Liquids
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Others
Asia Pacific
India
China
Japan
South Korea
Others
RoW
South America
Middle East
Africa
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