Nutricosmetics
– Insights
Nutricosmetics
are oral based nutritional supplements for beauty and skin health.
Nutricosmetics market is primarily driven by the expansion and
consumer awareness in personal grooming coupled with busy lifestyle
of the growing urban population. Nutricosmetics are health products
which is mainly used for the treatment of hair, nail, skin defects,
sun protection and photoaging. Photoaging is aging mainly caused due
to exposure to ultraviolet (UV) light which causes brown spots and
deep wrinkles. Antioxidants such as vitamin E and C, green tea
polyphenols, beta carotene, supplements containing polypodium
leucotomos, an extract of a Central American fern plant, and
synergistic antioxidants has the ability to reduce sun damage.
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Market
Dynamics
Europe
dominated the market in 2016 and the trend is expected to remain the
same during 2017-2025. The increasing demand for nutricosmetics in
various applications such as skin care, hair care, oral care, sun
protection along with others, due to rise in consumer awareness
towards health and beauty over the years, 2015-16, is the major
driving force to position Europe as the largest region in the global
nutricosmetics market.
Market
Taxonomy
This
report segments the global nutricosmetics market on the basis of
product types, forms and applications. On the basis of product types,
the market is segmented as vitamins, carotenoids, omega-3 fatty
acids, and others. On the basis of forms, the global nutricosmetics
market is segmented into solid and liquid. On the basis of
application, the global nutricosmetics market is segmented into skin
care, hair care, oral care, sun protection and others. Moreover,
vitamin is the largest product segment, accounting for over 56.6%
share of the global nutricosmetics market in 2016, while, omega-3
fatty acids is projected to be the fastest growing product segment
and expected to grow at a CAGR of 11.75% in terms of revenue during
the forecast period.
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Regional
Insights
Europe,
followed by North America and Asia Pacific, respectively, accounted
for major share in the global nutricosmetics market in terms of
revenue in 2016 and the trend is estimated to remain the same over
the forecast period. In 2016, North America held a share of 26.12% in
terms of revenue, followed by Asia Pacific (24.03%). The growing
demand for personal grooming and busy lifestyles in Asia Pacific due
to rising consumer awareness coupled with growing retail sector is
expected to drive growth of the global nutricosmetics market over the
forecast period.
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