The Nutricosmetics Market is expected to reach $12.20 billion by 2030, at a CAGR of 7.9% during the forecast period of 2023 to 2030. The growth of this market is driven by the growing awareness about nutritional deficiencies, the increasing preference of consumers toward natural alternatives to health and beauty products, changing lifestyles, and the growing elderly population. Additionally, the shift towards preventive health management practices and growing innovations & new product developments offer significant growth opportunities for nutricosmetics manufacturers. However, low awareness among consumers about the benefits of nutricosmetics and stringent regulations restrain the market’s growth.
Key Players
The report includes a competitive landscape based on an extensive assessment of the key growth strategies adopted by leading market players in the past three to four years. The key players profiled in the nutricosmetics market are Amway Corporation (U.S.), Shiseido Company, Limited (Japan), Koninklijke DSM N.V. (Netherlands), Nestlé S.A. (Switzerland), Suntory Beverage & Food Ltd. (Japan), LycoRed Ltd. (Israel), Lonza Group Ltd. (Switzerland), BASF SE (Germany), Herbalife Nutrition Ltd. (U.S.), Beiersdorf AG (Germany), Otsuka Holdings Co. Ltd. (Japan), and Sappe Public Company Limited (Thailand).
The growing incidences of nutritional deficiencies are a significant concern across the globe. Nutritional deficiencies can occur due to several factors, including poor dietary choices, limited access to nutritious foods, certain medical conditions, and lifestyle factors. In 2022, nutritional deficiencies affected an estimated 2.4 billion people worldwide, nearly 30% of the world's population (Source: World Health Organization). The most common deficiencies were for vitamin A, folate, iron, iodine, and zinc. These deficiencies can lead to various health problems, including weakened immune systems, anemia, bone disorders, fatigue, muscle weakness, and skin issues. However, people are becoming more aware of the role that nutrition plays in overall well-being, including the health and appearance of their skin, hair, and nails. As a result, there is a growing demand for products that can address specific appearance concerns from the inside out.
This growing awareness about nutrition is driving the growth of various sectors, including healthcare, nutrition, and cosmetics. In recent years, nutricosmetics is becoming an approach to tackling specific deficiencies that impact skin health and appearance. Nutricosmetics are nutritional supplements specifically formulated to care for skin, nails, and hair`s natural beauty. They work from the inside to promote beauty from within. These products contain a variety of vitamins, minerals, antioxidants, and other nutrients that are believed to promote skin and hair health and address various cosmetic concerns, such as aging, dryness, acne, hair loss, and dull & dry hair.
Hence, the growing awareness of nutritional deficiencies and their impact on health is driving the growth of the nutricosmetics market.
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In 2023, the Skin Care Segment is Expected to Account for the Largest Share of the Nutricosmetics Market
Based on product type, the nutricosmetics market is segmented into skin care, hair care, nail care, and other product types. In 2023, the skin care segment is expected to account for the largest share of the nutricosmetics market. The large market share of this segment is attributed to the growing elderly population; rising awareness about skin nourishment; and increasing skin issues, such as acne, wrinkles, and tanning.
However, the hair care segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to increasing consumer spending on hair care products, product innovations, adoption of long hairs among men, and growing hair issues, such as dandruff, hair loss, and dry & dull hair.
Tablets Segment is Projected to Witness Significant Growth in the Market During 2023–2030
Based on form, the nutricosmetics market is segmented into powder form, liquid form, tablets, capsules & softgels, gummies & soft chews, and other forms. In 2023, the powder form segment is expected to account for the largest share of the nutricosmetics market. The large market share of this segment is attributed to its multiple benefits, such as providing flexibility in dosing, ease of consumption, cost-effectiveness, wide taste & flavor options, faster absorption, and customization of dosage.
However, the tablets segment is expected to register the highest CAGR during the forecast period due to its longer shelf life and portability, allowing for precise dosing because of the standardized format.
In 2023, the Supermarkets & Hypermarkets Segment is Expected to Account for the Largest Share of the Nutricosmetics Market
Based on distribution channels, the nutricosmetics market is segmented into supermarkets & hypermarkets, pharmacies & drug stores, specialty stores, e-commerce, and other distribution channels. In 2023, the supermarkets & hypermarkets segment is expected to account for the largest share of the nutricosmetics market. The large market share of this segment is attributed to the growing number of supermarket & hypermarket groceries offering high-quality products, rapid urbanization, rising per capita disposable incomes, increased sales of functional food and beverages in well-established supermarkets and hypermarkets, and consumer preference for shopping offline due to the enhanced shopping experience offered by these channels.
However, the e-commerce segment is expected to register the highest CAGR during the forecast period due to the advantages of faster and more convenient accessibility, cost-effectiveness, and the increasing penetration of the internet and smartphones.
Asia-Pacific: The Dominating Regional Market
Based on geography, in 2023, Asia-Pacific is expected to account for the largest share of the nutricosmetics market. Asia-Pacific’s major market share is attributed to increased penetration of improved medications, high consumption of dietary supplements, increased demands for functional food & beverages, and high awareness about nutricosmetics in Japan and China.
However, the North America region is expected to register the highest CAGR during the forecast period due to increasing research & development, increasing incidences of skin diseases, increasing penetration of improved medications, and increasing expenditure on healthcare.
Scope of the report:
Nutricosmetics Market, by Product Type
Nutricosmetics Market, by Form
Nutricosmetics Market, by Distribution Channel
Nutricosmetics Market, by Geography
Key questions answered in the report:
The nutricosmetics market is projected to reach $12.20 billion by 2030, at a CAGR of 7.9% during the forecast period.
In 2023, the skin care segment is expected to account for the largest share of the nutricosmetics market.
In 2023, the powder form segment is expected to account for the largest share of the nutricosmetics market.
The growth of this market is driven by the growing awareness about nutritional deficiencies, the increasing preference of consumers toward natural alternatives to health and beauty products, changing lifestyles, and the growing elderly population. Additionally, the shift towards preventive health management practices and growing innovations & new product developments offer significant growth opportunities for nutricosmetics manufacturers. However, low awareness among consumers about the benefits of nutricosmetics and stringent regulations restrain the growth.
Emerging countries from Asia-Pacific and Latin America are projected to offer significant growth opportunities for vendors in this market.
The key players profiled in the nutricosmetics market study are Amway Corporation (U.S.), Shiseido Company, Limited (Japan), Koninklijke DSM N.V. (Netherlands), Nestlé S.A. (Switzerland), Suntory Beverage & Food Ltd. (Japan), LycoRed Ltd. (Israel), Lonza Group Ltd. (Switzerland), BASF SE (Germany), Herbalife Nutrition Ltd. (U.S.), Beiersdorf AG (Germany), Otsuka Holdings Co. Ltd. (Japan), and Sappe Public Company Limited (Thailand).
This report provides pre & post COVID-19 market estimates.
1. Introduction
1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.2. Process of Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
2.3.1. Market Size Estimation Approach
2.3.2. Growth Forecast Approach
2.3.3. Market Share Estimation Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study
3. Executive Summary
3.1. Overview
3.2. Segment Analysis
3.2.1. Nutricosmetics Market, by Product Type
3.2.2. Nutricosmetics Market, by Form
3.2.3. Nutricosmetics Market, by Distribution Channel
3.3. Nutricosmetics Market: by Region
3.4. Market Competitors
4. Market Insights
4.1. Overview
4.2. Drivers
4.2.1. Growing Awareness about Nutritional Deficiencies
4.2.2. Increasing Preference of Consumers Toward Natural Alternatives to Health and Beauty Products
4.2.3. Changing Lifestyles
4.2.4. Growing Elderly Population
4.3. Restraints
4.3.1. Low Awareness Among Consumers About the Benefits of Nutricosmetics
4.3.2. Stringent Regulatory
4.4. Opportunities
4.4.1. Increasing Demand for Innovative Beverages
4.4.2. Expanding Functional Food Industry
5. Nutricosmetics Market Assessment—by Type
5.1. Overview
5.2. Skin Care
5.3. Hair Care
5.4. Nail Care
5.5. Other Product Types
6. Nutricosmetics Market Assessment—by Form
6.1. Overview
6.2. Powder Form
6.3. Liquid Form
6.4. Tablets
6.5. Capsules & Softgels
6.6. Gummies & Soft Chews
6.7. Other Forms
7. Nutricosmetics Market Assessment—by Distribution Channel
7.1. Overview
7.2. Supermarkets & Hypermarkets
7.3. Specialty Stores
7.4. Pharmacies & Drug Stores
7.5. E-commerce
7.6. Other Distribution Channels
8. Nutricosmetics Market Assessment—by Geography
8.1. Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Argentina
8.5.4. Rest of Latin America
8.6. Middle East & Africa
9. Competition Analysis
9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
9.4.1. Industry Leaders
9.4.2. Differentiators
9.4.3. Vanguards
9.4.4. Emerging Companies
10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)
10.1. Koninklijke DSM N.V.
10.2. International Flavors & Fragrances, Inc.
10.3. Givaudan SA
10.4. Kerry Group plc
10.5. Ingredion Incorporated
10.6. Symrise AG
10.7. Sensient Technologies Corporation
10.8. Tate & Lyle PLC
10.9. Corbion N.V.
10.10. Carmi Flavor & Fragrance Co. Inc
10.11. Flavorchem & Orchidia Fragrances
10.12. Archer-Daniels-Midland Company
(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)
11. Appendix
11.1. Available Customization
11.2. Related Reports
List of Tables
Table 1 Global Nutricosmetics Market, by Product Type, 2021–2030 (USD Million)
Table 2 Global Skin Care Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 3 Global Hair Care Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 4 Global Nail Care Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 5 Global Other Product Types of Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 6 Global Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 7 Global Powder Form Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 8 Global Liquid Form Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 9 Global Nutricosmetic Tablets Market, by Country/Region, 2021–2030 (USD Million)
Table 10 Global Nutricosmetic Capsules & Softgels Market, by Country/Region, 2021–2030 (USD Million)
Table 11 Global Nutricosmetic Gummies & Soft Chews Market, by Country/Region, 2021–2030 (USD Million)
Table 12 Global Other Forms of Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 13 Global Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 14 Global Nutricosmetics Market for Supermarkets & Hypermarkets, by Country/Region, 2021–2030 (USD Million)
Table 15 Global Nutricosmetics Market for Specialty Stores, by Country/Region, 2021–2030 (USD Million)
Table 16 Global Nutricosmetics Market for Pharmacies & Drug Stores, by Country/Region, 2021–2030 (USD Million)
Table 17 Global Nutricosmetics Market for E-commerce, by Country/Region, 2021–2030 (USD Million)
Table 18 Global Nutricosmetics Market for Other Distribution Channels, by Country/Region, 2021–2030 (USD Million)
Table 19 Global Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 20 North America: Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 21 North America: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 22 North America: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 23 North America: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 24 U.S.: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 25 U.S.: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 26 U.S.: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 27 Canada: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 28 Canada: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 29 Canada: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 30 Europe: Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 31 Europe: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 32 Europe: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 33 Europe: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 34 Germany: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 35 Germany: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 36 Germany: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 37 France: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 38 France: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 39 France: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 40 U.K.: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 41 U.K.: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 42 U.K.: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 43 Italy: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 44 Italy: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 45 Italy: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 46 Spain: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 47 Spain: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 48 Spain: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 49 Rest of Europe: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 50 Rest of Europe: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 51 Rest of Europe: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 52 Asia-Pacific: Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 53 Asia-Pacific: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 54 Asia-Pacific: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 55 Asia-Pacific: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 56 China: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 57 China: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 58 China: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 59 Japan: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 60 Japan: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 61 Japan: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 62 India: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 63 India: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 64 India: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 65 Australia: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 66 Australia: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 67 Australia: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 68 Rest of Asia-Pacific: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 69 Rest of Asia-Pacific: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 70 Rest of Asia-Pacific: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 71 Latin America: Nutricosmetics Market, by Country/Region, 2021–2030 (USD Million)
Table 72 Latin America: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 73 Latin America: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 74 Latin America: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 75 Brazil: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 76 Brazil: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 77 Brazil: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 78 Mexico: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 79 Mexico: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 80 Mexico: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 81 Argentina: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 82 Argentina: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 83 Argentina: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 84 Australia: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 85 Australia: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 86 Australia: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
Table 87 Rest of Latin America: Nutricosmetics Market, Product Type, 2021–2030 (USD Million)
Table 88 Rest of Latin America: Nutricosmetics Market, by Form, 2021–2030 (USD Million)
Table 89 Rest of Latin America: Nutricosmetics Market, by Distribution Channel, 2021–2030 (USD Million)
List of Figures
Figure 1 Research Process
Figure 2 Key Secondary Sources
Figure 3 Primary Research Techniques
Figure 4 Key Executives Interviewed
Figure 5 Breakdown of Primary Interviews (Supply Side & Demand Side)
Figure 6 Market Size Estimation
Figure 7 In 2023, the Skin Care Segment is Expected to Account for the Largest Share of the Nutricosmetics Market
Figure 8 The Liquid Segment is Projected to Witness Significant Growth in the Market During 2023–2030
Figure 9 Tablets Segment is Projected to Witness Significant Growth in the Market During 2023–2030
Figure 10 In 2023, the Supermarkets & Hypermarkets Segment is Expected to Account for the Largest Share of the Nutricosmetics Market
Figure 11 North America to be the Fastest-growing Regional Market
Figure 12 Factors Affecting Market Growth
Figure 13 Global Nutricosmetics Market, by Product Type, 2023 Vs. 2030 (USD Million)
Figure 14 Global Nutricosmetics Market, by Form, 2023 Vs. 2030 (USD Million)
Figure 15 Global Nutricosmetics Market, by Distribution Channel, 2023 Vs. 2030 (USD Million)
Figure 16 Global Nutricosmetics Market, by Region, 2023 Vs. 2030 (USD Million)
Figure 17 North America: Nutricosmetics Market Snapshot (2023)
Figure 18 Europe: Nutricosmetics Market Snapshot (2023)
Figure 19 Asia-Pacific: Nutricosmetics Market Snapshot (2023)
Figure 20 Latin America: Nutricosmetics Market Snapshot (2023)
Figure 21 Middle East & Africa: Nutricosmetics Market Snapshot (2023)
Figure 22 Key Growth Strategies Adopted by Leading Players, 2020–2023
Figure 23 Nutricosmetics Market: Competitive Benchmarking of Key Players, by Product Type
Figure 24 Amway Corporation: Financial Overview (2022)
Figure 25 Shiseido Company, Limited: Financial Overview (2022)
Figure 26 Koninklijke DSM N.V.: Financial Overview (2022)
Figure 27 Nestlé S.A.: Financial Overview (2022)
Figure 28 Suntory Beverage & Food Ltd.: Financial Overview (2022)
Figure 29 Lonza Group Ltd.: Financial Overview (2022)
Figure 30 BASF SE: Financial Overview (2022)
Figure 31 Beiersdorf AG: Financial Overview (2022)
Figure 32 Otsuka Holdings Co. Ltd.: Financial Overview (2022)
Figure 33 Sappe Public Company Limited: Financial Overview (2022)
This report provides pre & post COVID-19 market estimates.
This report provides pre & post COVID-19 market estimates.
Published Date: Oct-2023
Published Date: Jul-2022
