Nutricosmetics such as supplements and beauty beverages are oral-based products that contain health-giving nutrition that is beneficial to skin, nails, and hair. In addition, they enhance the beauty of the user as they are rich in sterol esters, lycopene, antioxidants, minerals, vitamins, collagens, flavonoids, carotenes, glutathione, and other nutrients. Nuticosmetics' primary applications include skin care, hair and nail care, weight management, and others.
MARKET SCOPE
The "Global Nutricosmetics Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nutricosmetics market with detailed market segmentation by product type, primary function, distribution channel and geography. The report provides key statistics on the market status of the leading nutricosmetics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global nutricosmetics market is segmented into Supplements, Beauty Beverages/Drinks
- Based on primary function, the market is bifurcated into skin care, hair and nail care, weight management, and multifunctional
- Based on distribution channel, the market is bifurcated into modern trade, health and beauty stores, specialty stores, pharmacy stores, and e-commerce
MARKET DYNAMICS
Drivers
- The growing demand of nutricosmetics owing to its health benefits
- Rising consumer spending on nutricosmetic products
Restraints
- High cost of nutricosmetic products
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nutricosmetics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the nutricosmetics market in these regions.
IMPACT OF COVID-19 ON NUTRICOSMETICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the nutricosmetics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from nutricosmetics market are anticipated to lucrative growth opportunities in the future with the rising demand for nutricosmetics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nutricosmetics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
1. BASF
2. Solgar Inc.
3. Nutrilo GmbH
4. Lonza Group LLC
5. Husumer Mineralbrunnen GmbH
6. Martek Biosciences Corporation
7. Functionalab
8. Cargill Incorporated
9. Du Pont De Nemours
10. L'Oreal SA.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.