Nutricosmetics Market Size

Nutricosmetics Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The nutricosmetics market is poised for significant growth. It is expected to grow from $ 8302.11 million in 2024 to $ 1,314 billion by 2032. This growth translates into a CAGR of 6% during the forecast period. The growing demand for natural and organic ingredients, the growing awareness of the benefits of the inner beauty products and the increasing demand for organic and natural products are the main drivers for this market. The use of new technological innovations in the formulation and delivery of products also enhances the effectiveness and appeal of nutricosmetics, further driving the market. In addition, the leading companies in the nutricosmetics industry, such as Nestlé, Amway and Herbalife, are actively investing in R & D to develop new products and diversify their product offerings. Strategic initiatives, such as the establishment of new product lines that address the needs of consumers, are also expected to boost the market. As consumers continue to seek a healthy and balanced approach to beauty and health, the nutricosmetics market is expected to continue its growth trend.

Regional Market Size

Regional Deep Dive

Nutricosmetics are enjoying a boom in many regions of the world, driven by growing consumer awareness of health and beauty, the growth of e-commerce, and a growing preference for natural and organic products. In North America, the market is characterised by a high demand for innovative formulations and high-quality raw materials, while in Europe the trend is towards eco-labels and natural and organic products. The Asia-Pacific region is experiencing rapid growth, as rising incomes and the growing number of people in the middle class increase spending on health and beauty. In the Middle East and Africa, the trend towards a more holistic view of health is slowly gaining acceptance, while Latin America is becoming a lively market, with a focus on herbal and traditional ingredients.

North America

• In this respect, the development of e-commerce has also had a considerable influence on the distribution of nutricosmetics. Amazon and Sephora have extended their offerings on the web in response to the demand for convenience.
• Brands such as Vital Proteins, which has introduced a beverage containing collagen, are reshaping consumers' preferences and driving the market.
• Regulations such as the increased attention the Food and Drug Administration (FDA) is paying to dietary supplements are forcing companies to make their products more transparent and to ensure quality assurance.

Europe

• Europeans are now focusing more on sustainable development, as exemplified by the brand The Beauty Chef, which is based on organic and ethically sourced ingredients.
• HEALTH CLAIMS RULES IN EUROPE FOR NUTRITIONAL SUPPLEMENTS HAVE IMPACTED THE COMPANIES TO INVEST IN CLINICAL RESEARCH TO PROVE THE VALUE OF THEIR PRODUCTS AND THUS INCREASE CONSUMER TRUST.
• In recent years, the trend towards natural cosmetics has gained in importance.

Asia-Pacific

• Japan and South Korea, where beauty culture is firmly established, are particularly eager for beauty supplements.
• Then the emergence of gummy bears and powders for cosmetic purposes, which are being introduced by companies like Amway and Herbalife, and the attraction of the younger generation, which is why the companies are doing well.
• Cultural factors, such as the long-standing tradition of using herbal ingredients in beauty preparations, are influencing the formulation of nutricosmetics, which is a combination of the modern and the ancient.

MEA

• Nutricosmetics are finding favour in the Middle East and Africa, owing to the growing interest in health and well-being. Brands such as NutraBlast are gaining in popularity.
• In the United Arab Emirates, the National Nutrition Strategy encourages the development of nutricosmetic products that meet these requirements.
• Culture, especially the beauty of the Middle East, is driving the demand for products that improve the health and appearance of the skin.

Latin America

• Latin America is emerging as a major nutricosmetics market, with a strong focus on herbal and traditional ingredients, reflecting the rich biodiversity of the region.
• Companies such as Herbalife are capitalizing on this growing interest in beauty foods, and are launching products adapted to local tastes and customs.
• A growing middle class and the rising income of the population have contributed to the growth of the demand for health and beauty products, including nutricosmetics.

Did You Know?

“By 2025, the global nutricosmetics market is expected to reach $ 7.5 billion, driven by the growing popularity of natural beauty products.” — Market Research Future

Segmental Market Size

The nutricosmetics market, which focuses on ingestible cosmetics, is playing a major role in the overall health and beauty market, which is experiencing robust growth. Demand for nutricosmetics is being driven by consumers’ growing awareness of the health benefits and the growing trend towards preventive medicine and a beauty approach from within. In addition, the efficacy of nutricosmetic products is being further enhanced by advances in formulation technology.

The development of nutricosmetics is in its middle stage, with Herbalife and Amway as the leading companies in both product development and market penetration. This field is mainly used in the form of dietary supplements to improve the health of the skin, hair and nails. Against the background of the COVID pandemic, self-care and self-care are becoming more important, and with the development of the green economy, the demand for clean label ingredients is increasing. Bioavailability and personalization of nutrition will be the trend of the future development of this field.

Future Outlook

The Nutricosmetics Market is expected to see significant growth from 2024 to 2032, with a CAGR of 6.05%. This is mainly due to an increased awareness of the relationship between nutrition and beauty, which has increased the demand for products that promote the health of the skin, the hair and the general health of the body. Nutricosmetics are expected to increase in popularity as consumers become more health conscious. By 2032, it is estimated that nutricosmetics will account for one-quarter of the beauty and personal care market, up from an estimated 15% in 2024.

Formulation development is a major driving force for this growth. The formulation of bio-available nutrients and the development of new delivery systems are enhancing the efficacy of nutricosmetics. The development of a personalised nutrition based on data analysis and genetics is expected to provide a solution to individual beauty needs, further driving growth. Regulation and increased R&D investment are expected to spur innovation, which will result in a wider range of products to appeal to the different consumer groups. Sustainably formulated and clean label products will also be key trends.