The global nutricosmetics market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. Hair loss is becoming more common and the rise in prevalence of chronic diseases that are associated with hair loss are some of the major factors driving the demand for nutricosmetics. For instance, according to data provided by the International Society of Hair Restoration Surgery, nearly 40.0% of men encounter some degree of hair loss by 35 years of age, 65.0% at 60 years, 70.0% at 80 years, and 80.0% at the age of 85. Furthermore, according to the American Hair Loss Association, by the age of thirty-five, two-thirds of American men will experience some degree of appreciable hair loss, and by the age of fifty, approximately 85% of men have significantly thinning hair.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in March 2021, Nexira launched a nutricosmetics line called NutriBeauty that features three products namely- Glow & Beauty for Skin, Youth & Prevention for Anti-aging, and Hair & Nails Care. Glow & Beauty includes Cactinea, a prickly pear ingredient, as well as nettle lead, Ascophyllum, Oli-Ola olive extract, and VinOseed grade seed extract, while Youth & Prevent includes Simag, natural marine magnesium, pomegranate extract, hibiscus extract, acerola extract, and VinOseed grape seed extract. Hair & Nails comprises Prothy, a hydrolyzed rice protein, and nettle leaf extract, which provide a rich sensory experience with a fruity flavor that may be used in drinks, vials, droppers, and gummies.
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Market Coverage
- Segment Covered-
o By Type
o By End-Use
- Regions Covered
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Herbalife Nutrition Ltd, GlaxoSmithKline PLC, GNC Holdings, Inc. Suntory Holdings Ltd, Amway Corp., and Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Nutricosmetics Market Report by Segment
By Product Type
- Skin Care
- Hair Care
- Nail Care
By Form
- Tablets and Capsules
- Powder and Liquid
- Gummies and Soft Chews
By Distribution Channel
- Supermarkets
- Pharmacies
- Specialist Stores
- Online Retail
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