Meticulous Research®—a leading global market research company, published a research report titled, ‘Nutricosmetics Market by Product Type (Skin Care, Hair Care, Nail Care), Form (Powder, Liquid, Tablets, Capsules & Softgels, Gummies), Distribution Channel (Supermarkets & Hypermarkets, Pharmacies & Drug Stores, Specialty Stores, E-commerce) - Global Forecast to 2030.’
According to the latest report from Meticulous Research®, the nutricosmetics market is poised to achieve a CAGR of 7.9% from 2023 to 2030, reaching $12.20 billion by 2030. This growth is attributed to increasing awareness about nutritional deficiencies, consumer preference for natural health and beauty products, changing lifestyles, and a growing elderly population. Additionally, the shift towards preventive health management practices and innovations in product development present significant growth opportunities for nutricosmetics manufacturers. However, challenges such as low consumer awareness about nutricosmetics benefits and stringent regulations restrain market growth.
Key Players:
Key players in the nutricosmetics market include Amway Corporation, Shiseido Company Limited, Koninklijke DSM N.V., Nestlé S.A., Suntory Beverage & Food Ltd., LycoRed Ltd., Lonza Group Ltd., BASF SE, Herbalife Nutrition Ltd., Beiersdorf AG, Otsuka Holdings Co. Ltd., and Sappe Public Company Limited.
Market Segmentation:
The nutricosmetics market is segmented based on product type, form, distribution channel, and geography. The report evaluates industry competitors and analyzes the market at regional and country levels.
Geographic Analysis:
In 2023, Asia-Pacific is expected to dominate the nutricosmetics market, driven by increased medication penetration, high consumption of dietary supplements, and awareness about nutricosmetics in countries like Japan and China. However, North America is projected to register the highest CAGR during the forecast period due to factors like increasing research and development, rising incidences of skin diseases, and growing healthcare expenditure.
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Key Questions Answered:
The report addresses high-growth segments, historical market data, forecasts for 2023-2030, major drivers, challenges, opportunities, competitive landscape, recent developments, growth strategies, geographic trends, high-growth countries, and emerging local players in the global nutricosmetics market.
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