Global Nutricosmetics Market By Product(Skin Care, Hair Care, Nail Care, Sun Care, Anti-Aging, Radiance and Glow, Anti-acne/pimple, Hair and Nail Care, Weight Management, Multi-Functional, Others), By Form(Powders and Liquid, Tablets/Capsules, Beauty Beverages/ Drinks, Supplements, Others), By Ingredient(Carotenoids, Vitamins, Omega-3 Fatty Acids, Others), By Distribution(Supermarkets/Hypermarkets, Drug Stores/Pharmacies, Specialist Stores, Online, Others) , By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2033
- Published date: July 2024
- Report ID: 124141
- Number of Pages: 355
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Report Overview
The global Nutricosmetics Market size is expected to be worth around USD 19.4 billion by 2033, from USD 8.6 billion in 2023, growing at a CAGR of 8.5% during the forecast period from 2023 to 2033.
The nutricosmetics market represents a dynamic intersection of the nutrition and cosmetics industries, offering products designed to enhance beauty from within by improving the health of skin, hair, and nails. These products typically feature a blend of vitamins, minerals, antioxidants, and other bioactive compounds that support structural integrity and function, catering to a growing consumer base that values natural and holistic beauty solutions.
Regulatory oversight, particularly within the European Union, plays a crucial role in shaping this market. The EU rigorously enforces compliance through regulations such as the Cosmetics Regulation (EC) No. 1223/2009 and various directives on food supplements. This regulatory framework ensures product safety and efficacy, with the EU allocating approximately €5 million annually to oversee and assess nutricosmetics, underscoring the importance of adhering to stringent standards.
Investment in R&D within the advanced materials sector is also pivotal to the evolution of nutricosmetics. In 2022, the global expenditure on R&D within this sector reached around $10 billion, with approximately 10% directed towards enhancing nutricosmetic products. This investment focuses on developing innovative materials that improve active ingredients’ delivery systems and efficacy, facilitating the creation of more effective and consumer-friendly products.
The trade of bioactive ingredients is another critical component of the nutricosmetics market. In the United States alone, the trade volume of these ingredients surpassed $500 million in 2022. The Asia-Pacific region is emerging as a significant player, with a 20% annual increase in the export of nutricosmetic materials, signaling a robust expansion in this sector.
Collaborative efforts are equally significant, exemplified by a $50 million joint venture between a biotech firm and a cosmetic conglomerate last year, focusing on developing plant-based ceramides for skin care. Such partnerships not only enhance product offerings but also integrate cutting-edge science into consumer cosmetics.
Moreover, the drive towards sustainable practices has catalyzed both public and private sector investments in green chemistry innovations within nutricosmetics. A notable initiative includes the Canadian government’s $20 million investment to develop environmentally friendly extraction technologies for nutricosmetic ingredients. This investment underscores a broader commitment to sustainability and responsible sourcing within the industry.
Key Takeaways
- Market Size is Expected to grow from USD 8.6 billion in 2023 to USD 19.4 billion by 2033, at an 8.5% CAGR.
- Skin care products captured over 55.4% market share in 2023, driven by demand for anti-aging and moisturizing benefits.
- Powders and liquids held a 38.4% market share in 2023, favored for versatility and ease of integration into routines.
- Carotenoids dominated with a 41.2% market share in 2023, valued for their antioxidant properties and skin health benefits.
- APAC leads with 44.8% global share, valued at USD 3.85 billion, driven by rising incomes and urbanization.
By Product
In 2023, Skin Care held a dominant market position, capturing more than a 55.4% share. This segment benefits from widespread consumer awareness about skin health and the increasing demand for products that promise anti-aging, moisturizing, and sun protection benefits. The rising popularity of natural and organic ingredients has further fueled growth in this sector.
Hair Care also shows substantial growth, driven by a rising focus on scalp health and the popularity of products designed to enhance hair strength and shine. Innovations in formulations that address hair loss and damage repair are attracting more consumers to this segment.
Nail Care, though a smaller segment, is gaining traction due to the growing trend of at-home manicures and advanced nail care treatments. Products that promise to strengthen and protect nails are particularly popular, reflecting an increased consumer investment in comprehensive beauty routines.
Sun Care products are essential, especially with heightened awareness of the harmful effects of UV exposure. This segment is expanding as manufacturers introduce multifunctional products that combine sun protection with skincare benefits. Anti-aging products remain highly sought after, with advancements in science that offer more effective solutions to signs of aging. This segment is driven by an aging population looking for products that promise to reduce wrinkles, fine lines, and other aging signs.
Radiance & Glow products are popular among consumers seeking a healthy, vibrant complexion. This segment benefits from the trend toward products that offer immediate visible benefits and a luminous finish. Anti-acne/pimple solutions are crucial for consumers dealing with skin blemishes and imperfections. Driven by the need for effective and fast-acting products, this segment continues to grow, with a focus on formulations suitable for sensitive skin types.
Weight Management and Multi-Functional products also see steady interest. The former caters to consumers looking for supplements that support metabolism and weight control, while the latter appeals to those seeking multiple benefits in a single product, which is increasingly popular for its convenience and cost-effectiveness.
By Form
In 2023, Powders & Liquid held a dominant market position, capturing more than a 38.4% share. This form is favored for its versatility and ease of integration into daily routines, appealing to consumers looking for straightforward ways to enhance their beauty regimes from within.
Tablets/Capsules are also widely popular and appreciated for their convenience and precision in dosage. They cater to consumers who prefer a no-fuss, travel-friendly option for their daily supplements, ensuring consistent intake of active ingredients.
Beauty Beverages/Drinks offer a refreshing way to consume nutricosmetics, merging hydration with beauty-enhancing benefits. These products are gaining traction, particularly among younger demographics who enjoy these innovative and tasty alternatives to traditional supplements.
Supplements in various forms continue to see robust sales, driven by targeted solutions they offer for skin, hair, and overall wellness. They remain a staple in the nutricosmetics market due to their effectiveness and the growing consumer knowledge about the specific benefits of various nutrients.
By Ingredient
In 2023, Carotenoids held a dominant market position, capturing more than a 41.2% share. This popularity stems from their potent antioxidant properties, which are essential for protecting skin from the damaging effects of free radicals and sunlight. Carotenoids are particularly lauded for their ability to enhance skin color and luminosity, making them a favorite in formulations aimed at improving natural skin appearance.
Vitamins follow closely, integral for their role in skin health and regeneration. Vitamin C and E are staples in nutricosmetics for their collagen synthesis support and skin barrier protection, appealing to consumers looking to maintain youthful and radiant skin.
Omega-3 Fatty Acids are highly sought after for their anti-inflammatory benefits, which are crucial in managing skin conditions such as acne and eczema. Their ability to maintain skin hydration and elasticity also makes them a preferred ingredient in products targeting aging skin.
By Distribution
In 2023, Supermarkets/Hypermarkets held a dominant market position, capturing more than a 38.8% share. This segment benefits significantly from high consumer traffic and the convenience of one-stop shopping, which allows customers to easily access a wide range of nutricosmetic products alongside their regular grocery purchases.
Drug Stores/Pharmacies are also key players, providing consumers with trusted advice from healthcare professionals and a focused selection of health-related products, including nutricosmetics aimed at skin, hair, and nail health.
Specialist Stores offer a curated experience, with knowledgeable staff and specialized products that cater to specific beauty and health needs. This segment appeals to consumers looking for targeted solutions and expert guidance.
Online sales are growing rapidly, favored for their convenience and the ability to easily compare products and prices. This channel has expanded significantly, driven by increased internet penetration and consumer familiarity with digital shopping.
Key Market Segments
By Product
- Skin Care
- Hair Care
- Nail Care
- Sun Care
- Anti-Aging
- Radiance & Glow
- Anti-acne/pimple
- Hair & Nail Care
- Weight Management
- Multi-Functional
- Others
By Form
- Powders & Liquid
- Tablets/Capsules
- Beauty Beverages/ Drinks
- Supplements
- Others
By Ingredient
- Carotenoids
- Vitamins
- Omega-3 Fatty Acids
- Others
By Distribution
- Supermarkets/Hypermarkets
- Drug Stores/Pharmacies
- Specialist Stores
- Online
- Others
Drivers
Rising Demand for Renewable Energy as a Key Driver for the Nutricosmetics Market
In the context of the nutricosmetics market, one of the major driving factors is the rising demand for renewable energy sources and the subsequent advancements in this sector, which significantly influence consumer preferences and product formulations. As the global focus shifts towards sustainability, consumers increasingly seek products that not only enhance their health and appearance but also align with environmentally friendly practices.
In 2023, global electricity demand is projected to more than double by 2050, primarily fueled by the growth in emerging markets and the broader electrification of economies. This surge is driving innovations in energy production, particularly through zero-carbon technologies, which are expected to comprise up to 95% of new electric-generating capacity installed from now until 2050. This shift towards sustainable energy sources reflects a broader trend that also impacts consumer goods industries, including nutricosmetics, where there is growing consumer interest in products made with sustainable practices and ingredients.
Furthermore, the renewable energy sector is not just about energy production but also encompasses significant employment and economic dimensions. For instance, in 2022, renewable energy employment reached an estimated 13.7 million jobs worldwide, signaling robust industry growth. This expansion underlines a dynamic market where innovations in energy can parallel developments in other sectors, including nutricosmetics, which benefit from advancements in sustainable production methods and technologies.
The link between renewable energy and nutricosmetics also extends to consumer expectations. As more consumers become aware of environmental issues, their purchasing decisions increasingly favor products linked to renewable resources and energy-efficient production processes. This shift is particularly evident in regions like Europe and North America, where policy and consumer preference drive demand for green products, influencing market trends across various sectors, including beauty and personal care.
Restraints
Stringent Regulatory Environment
One of the primary restraining factors for the growth of the nutricosmetics market is the stringent regulatory environment that governs the development and marketing of these products. Nutricosmetics, which straddle the line between dietary supplements and cosmetic products, are subject to a complex array of regulations that vary significantly by region and country. These regulations often mandate rigorous testing and quality control measures to ensure product safety and efficacy, which can significantly increase production costs and extend time-to-market for new products.
In the European Union, for example, nutricosmetics must comply with both cosmetic regulations and food safety laws, requiring manufacturers to navigate a challenging regulatory landscape that can hinder rapid product development and innovation. Similarly, in the United States, nutricosmetics are regulated under the Dietary Supplement Health and Education Act (DSHEA), which mandates strict guidelines on labeling and marketing claims. Compliance with these regulations requires substantial investment in clinical trials and other forms of product testing, which can be a significant barrier for new entrants and smaller companies without extensive resources.
Furthermore, the global nature of the market compounds these challenges, as companies looking to distribute their products internationally must adhere to the regulatory standards of each target market, which can vary widely in terms of stringency and requirements. This not only increases operational complexity but also requires a high level of legal and regulatory expertise, further adding to costs.
These regulatory challenges are particularly pronounced in markets with rapidly changing regulatory landscapes or where there is a lack of clear guidelines specific to nutricosmetics. In such environments, companies must often err on the side of caution and invest more heavily in compliance and testing, which can delay product launches and impact competitiveness.
Despite these challenges, the nutricosmetics market continues to grow, driven by strong consumer demand for products that offer cosmetic benefits through nutritional means. However, the stringent regulatory environment remains a significant hurdle, affecting the pace at which new products can be introduced to the market and ultimately shaping the competitive dynamics of the sector.
Opportunity
Expanding Market Opportunities in Nutricosmetics through Innovative Product Offerings
The nutricosmetics market is poised for significant growth, driven by innovative product offerings that cater to an increasingly health-conscious consumer base. As consumers continue to embrace holistic approaches to beauty, the demand for nutricosmetics that offer health benefits alongside cosmetic improvements is rising sharply. This shift is underpinned by a growing awareness of the importance of natural ingredients and the desire for products that promote beauty from within.
A key opportunity for market expansion lies in the diversification of product forms and the integration of novel ingredients. The market is evolving from traditional tablets and capsules to more engaging formats like gummies, soft chews, and beauty beverages, which are not only effective but also enjoyable to consume. This evolution in product forms is expected to attract a broader demographic, including younger consumers who value convenience and novelty.
Additionally, the increasing sophistication of consumers regarding the ingredients used in beauty products is driving the nutricosmetics sector towards products enriched with scientifically backed ingredients. Carotenoids, collagen, and antioxidants are among the top ingredients that are being incorporated due to their proven benefits for skin health, anti-aging, and overall wellness.
Regionally, Asia-Pacific is leading the charge, with Japan and China emerging as significant markets due to their longstanding cultural affinity for beauty and wellness products that incorporate traditional and natural ingredients. Europe and North America are also witnessing substantial growth, fueled by an aging population interested in anti-aging products and a general shift towards non-invasive beauty treatments.
The combination of these factors—innovative product formats, effective and natural ingredients, and a well-informed consumer base—creates a fertile ground for the expansion of the nutricosmetics market. Companies that continue to invest in research and development and adapt to consumer preferences will likely see sustained growth in this dynamic market segment.
Trends
The Rise of Probiotics in Nutricosmetics as a Major Trend
A major trend in the nutricosmetics industry is the increasing integration of probiotics into beauty products, which marks a significant shift towards enhancing beauty from within through the gut-skin axis. This trend capitalizes on the broader consumer movement towards natural and organic products that promote health and beauty from the inside out.
Probiotics are gaining popularity in nutricosmetics due to their beneficial effects on skin health, including improving the skin’s barrier function and reducing inflammation. This can help with various skin issues such as acne, rosacea, and eczema. The use of fermented ingredients containing probiotics in premium beauty products is becoming more prevalent, reflecting a growing market focus on products that offer health benefits in addition to traditional cosmetic outcomes.
The process of incorporating these probiotics into nutricosmetics is complex and costly, presenting a substantial opportunity for innovation in the sector. Companies are investing in the development of these formulations to meet the rising consumer demand for products that are safe, effective, and aligned with a healthier lifestyle. The movement towards using these biologically active ingredients in nutricosmetics is driven by consumer preferences for products that not only improve appearance but also contribute to overall well-being.
Regionally, the Asia-Pacific market is a significant player in this trend, having shown a strong preference for products that merge traditional beauty ingredients with modern formulations. Similarly, in Europe and North America, there is an increasing demand for nutricosmetics that include probiotics, driven by a growing consumer base that values sustainable, health-oriented beauty solutions.
Regional Analysis
The Asia Pacific region (APAC) dominates the nutricosmetics market, accounting for 44.8% of the global share and valued at USD 3.85 billion. The region’s growth is fueled by rising disposable incomes, urbanization, and a burgeoning middle-class population, particularly in countries like China, Japan, and South Korea.
A strong cultural emphasis on holistic health and beauty, coupled with increasing adoption of Western beauty standards, further accelerates market growth. The Middle East & Africa (MEA) region shows promising growth potential due to increasing consumer awareness and a growing inclination towards premium beauty products. The UAE and Saudi Arabia lead the market in this region, with expanding retail sectors and an affluent consumer base.
The nutricosmetics market exhibits significant regional variations, each with distinct growth drivers and market characteristics. North America showcases a robust demand for nutricosmetics, propelled by increasing consumer awareness regarding health and beauty supplements. The region benefits from high disposable incomes and a strong presence of leading market players, with the United States as the key contributor.
Europe follows closely, driven by stringent regulations on cosmetic ingredients and a growing preference for organic and natural products. Germany, France, and the United Kingdom are prominent markets, supported by a well-established cosmetics industry and rising consumer inclination towards wellness trends.
Latin America, though smaller in market share, is witnessing steady growth driven by the rising influence of global beauty trends and increasing consumer spending on health and wellness products. Brazil and Mexico are the primary contributors, supported by a youthful population and growing urbanization. The regional dynamics of the nutricosmetics market underscore the importance of cultural preferences, economic conditions, and regulatory landscapes in shaping market trajectories and consumer behaviors across different geographies.
Key Regions and Countries
- North America
- The US
- Canada
- Europe
- Germany
- France
- The UK
- Spain
- Italy
- Russia & CIS
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- ASEAN
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players Analysis
The nutricosmetics market is characterized by the presence of several key players, each contributing to the market’s growth through innovative product offerings and strategic initiatives. Pfizer Inc. and Bayer AG ADR are prominent pharmaceutical companies leveraging their extensive R&D capabilities to develop effective nutricosmetic products.
Their established reputation and global reach provide them with a competitive edge in the market. Reckitt Benckiser Group plc. and Otsuka Holdings Co. Ltd. are also significant players, focusing on expanding their product portfolios to include a range of beauty and wellness supplements, thus catering to the rising consumer demand for integrated health solutions.
Suntory Beverage & Food Ltd. and Shiseido Co. Ltd. are leading firms in the Asia Pacific region, known for their strong brand presence and innovative product formulations. Shiseido, in particular, has a robust foothold in the beauty industry, enhancing its market share through the introduction of cutting-edge nutricosmetic products.
European giants such as Koninklijke DSM NV and Beiersdorf AG are key contributors, emphasizing the development of sustainable and natural ingredients in their product lines. Lonza Group Ltd. and Herbalife Nutrition Ltd. are also influential players, leveraging their expertise in nutritional supplements to offer high-quality nutricosmetic products that cater to diverse consumer needs.
Market Key Players
- Pfizer Inc.
- Bayer AG ADR
- Reckitt Benckiser Group plc.
- Otsuka Holdings Co. Ltd.
- Suntory Beverage & Food Ltd.
- Shiseido Co. Ltd.
- Koninklijke DSM NV
- Beiersdorf AG
- Lonza Group Ltd.
- Herbalife Nutrition Ltd.
- Amway Corporation
- Grupo Cantabria Labs
- Herbalife Nutrition Ltd
- Blackmores Ltd
- GNC Holdings Inc
- Kora organics
Recent Development
In 2023, Bayer’s nutricosmetics division saw a steady increase in market engagement, with monthly data indicating consistent growth, In January USD 15 million.
In 2023, Reckitt’s nutricosmetics division showed steady growth, with monthly revenue figures reflecting consistent market engagement in January USD 12 million.
Report Scope
Report Features Description Market Value (2023) US$ 8.6 Bn Forecast Revenue (2033) US$ 19.4 Bn CAGR (2024-2033) 8.5% Base Year for Estimation 2023 Historic Period 2020-2022 Forecast Period 2024-2033 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Product (Skin Care, Hair Care, Nail Care, Sun Care, Anti-Aging, Radiance and Glow, Anti-acne/pimple, Hair and Nail Care, Weight Management, Multi-Functional, Others), By Form (Powders and Liquid, Tablets/Capsules, Beauty Beverages/ Drinks, Supplements, Others), By Ingredient (Carotenoids, Vitamins, Omega-3 Fatty Acids, Others), By Distribution (Supermarkets/Hypermarkets, Drug Stores/Pharmacies, Specialist Stores, Online, Others) Regional Analysis North America – The US & Canada; Europe – Germany, France, The UK, Spain, Italy, Russia & CIS, Rest of Europe; APAC– China, Japan, South Korea, India, ASEAN & Rest of APAC; Latin America– Brazil, Mexico & Rest of Latin America; Middle East & Africa– GCC, South Africa, & Rest of MEA Competitive Landscape Pfizer Inc., Bayer AG ADR, Reckitt Benckiser Group plc., Otsuka Holdings Co. Ltd., Suntory Beverage & Food Ltd., Shiseido Co. Ltd., Koninklijke DSM NV, Beiersdorf AG, Lonza Group Ltd., Herbalife Nutrition Ltd., Amway Corporation, Grupo Cantabria Labs, Herbalife Nutrition Ltd, Blackmores Ltd, GNC Holdings Inc, Kora organics Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the size of Nutricosmetics Market?Nutricosmetics Market size is expected to be worth around USD 19.4 billion by 2033, from USD 8.6 billion in 2023
What is the CAGR of Nutricosmetics Market?The Nutricosmetics Market is growing at a CAGR of 8.5% during the forecast period 2023 to 2033.
Who are the major players operating in the Nutricosmetics Market?Pfizer Inc., Bayer AG ADR, Reckitt Benckiser Group plc., Otsuka Holdings Co. Ltd., Suntory Beverage & Food Ltd., Shiseido Co. Ltd., Koninklijke DSM NV, Beiersdorf AG, Lonza Group Ltd., Herbalife Nutrition Ltd., Amway Corporation, Grupo Cantabria Labs, Herbalife Nutrition Ltd, Blackmores Ltd, GNC Holdings Inc, Kora organics
- Pfizer Inc Company Profile
- Bayer AG ADR
- Reckitt Benckiser Group plc.
- Otsuka Holdings Co. Ltd.
- Suntory Beverage & Food Ltd.
- Shiseido Co. Ltd.
- Koninklijke DSM NV
- Beiersdorf AG
- Lonza Group Ltd.
- Herbalife Nutrition Ltd. Company Profile
- Amway Corporation
- Grupo Cantabria Labs
- Herbalife Nutrition Ltd. Company Profile
- Blackmores Ltd
- GNC Holdings Inc
- Kora organics
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