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Global Nutricosmetics Market to Reach USD 5.5 Billion by 2018, Expects GIA

Published on 2013-07-26. Author : SpecialChem

GIA announces the release of a comprehensive global report on Nutricosmetics markets. Global market for Nutricosmetics is projected to reach US$5.5 billion by 2018, driven by the growing desire to prevent skin aging and increasing demand for natural products.

Nutricosmetics mark the convergence of nutrition and personal care. Essentially products of natural origin, nutricosmetics address issues such as photoprotection, hydration, hair nourishment and volume, skin pigmentation, slimming, hair growth and skin repair. Nutricosmetics are steadily gaining prominence driven by increasing awareness among consumers over the significance of nutrition as a means to protect skin against aging. Aging population and the rising prominence of beauty-from-within concept are driving demand for nutricosmetics. Urban lifestyles and rising consumer affluence is also helping trigger demand for innovative beauty products such as nutricosmetics. Though nutricosmetics market presently accounts for a small share of the overall personal care market, future prospects remain optimistic as an increasing number of consumers are moving towards natural products owing to the rising concerns over safety. Introduction of products containing novel ingredients is another key factor pushing sales of nutricosmetics. In recent times, products have been launched featuring innovative ingredients such as polyphenolrich plant extracts, oils, barks, roots, fruits, and seeds. Among the most researched ingredient is carotenoid (lycopene, β-carotine), which has been found to offer photoprotective-derived anti-aging benefits. Fruit extracts, coenzyme Q10 and green tea are the other widely used ingredients in the nutricosmetics market.

As stated by the new market research report on Nutricometics, Europe and Japan represent the major markets worldwide. Japan, in particular, has made rapid progress in the market due primarily to the implementation of advanced FOSHU legislation. In Europe, anti-aging concerns, along with hair and skin improvement products, are spurring sales of nutricosmetics. Among the products to find widespread acceptance in the region are natural ingredients such as phytosterols and carotenoids, fruit/plant extracts, collagen and peptides, hyaluronic acid and vitamins. Asia-Pacific, with a CAGR of 15% over the analysis period, represents the fastest growing regional market. Increasing popularity of alternative medicine and self-medication trends and acceptance of dietary supplements claiming to enhance beauty, are factors driving growth in the region.

Ready-to-drink (RTD) beauty drinks are presently experiencing strongest growth in the market. These products combine benefits of bioactive fortification and natural hydration. Nutricosmetic beverages that are popular among consumers include herbal teas (black, red and green), fortified waters (with vitamins A, E, C, zinc, and selenium), and exotic fruit juices (such as pomegranate, acai, and goji). To exploit the opportunities offered, companies are making efforts to offer innovative products that offer consumers a wider choice in terms of ingredients, benefits and formats.

Major players covered in the report include BASF SE, Carotech Bhd, Denomega Pure Health, Frutarom Industries Ltd., Frutels LLC, Functionalab, GliSODin Skin Nutrients, IMCD Group B.V., Innéov, Lonza Group Ltd., Laboratoire Oenobiol SA, LycoRed Ltd., Martek Biosciences Corporation, Nutrilo GmbH, NV Perricone LLC, Pfizer Consumer Healthcare, Quest Vitamins Limited, Shiseido Co. Ltd., and Solgar, Inc.

The research report titled "Nutricosmetics: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific and Rest of World.

About Global Industry Analysts, Inc. (GIA)

Global Industry Analysts, Inc. (GIA) is a reputed publisher of off-the-shelf market research. Recognized as one of the most consistently accurate forecasting company in the world, GIA currently serves more than 8,500 companies from 36 countries worldwide. The company was founded in 1987, initially recognized globally as a research boutique specializing in the medical industry. Over the past 23 years, the company expanded its coverage and now publishes extensively upon more than 180 major industries.

Source: GIA

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