The growing demand for nutricosmetic products, which are basically referred to as ‘beauty from within’ cosmetic products, is set to propel the nutricosmetics ingredients market. The global nutricosmetics ingredients market is segmented based on Ingredient Type, Product Type, End-Use and Geographic perspective. The nutricosmetic ingredients market is forecast to reach $1,244.5 Million by 2020.
The growing population of the individuals within the age group of 40-60 years is driving the market for oral anti-aging products and majority of such individuals reside in developed nations. Aforesaid demographics condition will propel the market for nutricosmetic ingredients. Major end-use segment of nutricosmetic ingredients are skin health, hair health, nail health and others. Skin health is the most dominant segment in the nutricosmetics ingredients market owing to increasing preference for products which detain signs of aging, improve skin firmness, reduce wrinkles and skin blemishes. Hair health products are the second dominant segment by value due to its increasing demand for oral products related to hair loss and hair thinning.
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APAC is the most dominant nutricosmetics ingredients market and it is estimated to reach $553.3 Million by 2020 at a CAGR of 10.1% during the forecast period 2015-2020.
With rising awareness of benefits of nutricosmetics products coupled with the aging population, Europe accounts for the second largest share for nutricosmetic ingredients in the market. Growing demand for dietary supplements related to beauty among consumers across North America is projected to result market growth in the region during the coming five years.
Various Major Players in Nutricosmetic Ingredients Market Include:
1.1. BASF SE (Germany)
1.2. Croda International Plc. (U.K)
1.3. DSM N.V. (Netherlands)
1.4. Kyowa Hakko Kirin (Japan)
1.5. Gelita AG (Germany)
Nutricosmetic ingredients manufacturers are continuously investing into R&D and new product launches in order to increase sales and gain market position. These players account for approximately 30% of the total market. The market share of top players is low owing to the nutricosmetics industry being very fragmented and presence of many small regional players in the nutricosmetic ingredients market.
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The Nutricosmetic Ingredients Market Report provides a detailed analysis of the different ingredients, products types and end-use segments.
Various product types included in the report are:
- Packaged Foods
The overall nutricosmetic ingredients market is also presented from the perspective of different geographic regions and the key countries for this industry.
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