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Allied Market Research

Nutracosmetic Market Ingredient  (Carotenoids, Vitamins, Omega 3 Fatty Acids, Others) Form (Tablet, Capsule, Powder, Liquid) Distribution Channel (Store-Based, Supermarkets & Hypermarkets, Specialty Stores, Others, Non-Store-Based) End Use (Skin care, Hair care, Nail care, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A08067
Pages: NA
Feb 2021 | 159 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

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Nutricosmetics are evolved from the combination of products for nutrition and personal care that helps in rejuvenation and protection. Nutricosmetics are used to treat skin, hair, nail, and weight management problems. These products are formulated for hair growth and help reduce hair thinning and encourage hair volume. The available nutricosmetics for nails help to strengthen the nails and prevent breakage of the nails. These products are consumed in both supplement form and liquid forms. Some of the key nutricosmetics ingredients include vitamins (A, B6, and E), omega-3 fatty acids, probiotics, and lutein. These ingredients act as antioxidants and function by controlling and canceling free radicals' effects and providing skin with anti-inflammatory protection against ultraviolet radiation. The rise in trend of healthy aging is a major factor that boosts the growth of the global nutricosmetics market, especially among women.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

Type, form, Application, Distribution Channel, End Use, and Region[RS1]

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

BASF, Solgar Inc., Nutrilo GmbH, Lonza Group LLC, Husumer Mineralbrunnen GmbH, Martek Biosciences Corporation, Functionalab

 

COVID-19 Scenario Analysis:

  • Due to social restrictions and lockdown policies, poorer consumer demand for lifestyle and wellbeing products hinders the demand patterns of cosmetic ingredients, and certain food additive categories. 
  • Production and supply of goods and raw materials have been interrupted by social distancing and lockdowns across different countries, resulting in the shutdown of production units.
  • Disruptions in sales can also be seen from the demand side. All businesses face temporary closures except essential products and services. This leads to lower sales of nutricosmetics.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Nutricosmetics' popularity among the aging population is also seen as one of the key drivers of the global nutricosmetics market. Rapid growth in aging population base coupled with increased awareness of health and wellness also fuel the demand for nutricosmetics.

Higher incomes and the resulting disposable income among women increase consumers' expenditure on skincare solutions, which is expected to drive the growth of the nutricosmetics market.

Low consumer awareness about the benefits of nutricosmetics is acting as a barrier for the market growth. The new availability of these products has been a reason for their low consumer credibility and becomes a challenge for the nutricosmetics market growth.

The Global Market Trend are as follows:

The rise in trend of healthy aging is a major factor for the growth of the global nutricosmetics market, especially among women. Besides, various food & beverage manufacturers are entering the beauty industry which drives the growth of the market.

Consumer awareness of the ill-effects of synthetic chemicals used in popular cosmetic skincare products is driving them to choose products that have the same benefits without the harmful side effects of synthetic-based products. Consumers are becoming increasingly interested in natural alternatives to skin health and beauty.

Importance of growing demand for nutricosmetics in the treatment of cosmetology as they have very few side effects and seek a regimen to manage beauty and aging boosts the market growth.

Key Segment Covered:

Segments

Sub-segments

  Ingredient  [RS1]

  • Carotenoids
  • Vitamins
  • Omega 3 Fatty Acids
  • Others

  Form

  • Tablet
  • Capsule
  • Powder
  • Liquid

  Distribution Channel

  • Store-Based
  • Supermarkets & Hypermarkets
  • Specialty Stores
  • Others
  • Non-Store-Based

  End Use

  • Skin care
  • Hair care
  • Nail care
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the nutricosmetic industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the nutricosmetic market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global nutricosmetic market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed nutricosmetic market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions Answered in the Nutricosmetic Market Research Report:

  • What are the leading market players active in the nutricosmetic market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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