The global nutricosmetics market is set for remarkable growth, with sales expected to increase from USD 6,984.7 million in 2024 to an impressive USD 15,398.7 million by 2034. This represents a robust compound annual growth rate (CAGR) of 8.2% over the next decade, reflecting a growing consumer demand for products that enhance beauty from within.
The nutricosmetics sector, which encompasses nutritional supplements specifically formulated for skin, hair, and nails, recorded revenue of USD 6,520.7 million in 2023. The anticipated year-on-year growth of 7.1% in 2024 underscores the rising popularity of these products within the broader beauty market, where nutricosmetics hold a value share of approximately 2%-5%.
Key Drivers of the Nutricosmetics Market
- Aging Population: A growing demographic of consumers seeking solutions for youthful skin drives demand for nutricosmetics that target signs of aging.
- Consumer Awareness: Increased understanding of the link between nutrition, health, and beauty is prompting consumers to invest in supplements that enhance beauty from within.
- Shift Toward Natural Products: A significant trend toward natural and organic alternatives is leading consumers to prefer nutricosmetics over synthetic beauty products.
- Inside-Out Beauty Approach: Growing acceptance of the idea that beauty is best achieved through dietary supplements rather than topical applications is driving interest in nutricosmetics.
- Rising Demand for Microbiome-Friendly Products: Increased consumer awareness of the benefits of probiotics and microbiome-targeted skincare is expanding opportunities within the nutricosmetics sector.
- Product Innovation: Ongoing research and development in new formulations and ingredients are attracting consumers looking for effective beauty solutions.
- E-commerce Growth: The rise of online shopping is facilitating access to personalized beauty solutions, significantly impacting the distribution and sales of nutricosmetics.
Regional Insights
- Italy is projected to have a CAGR of 7.3% by 2034, driven by consumer preference for active ingredients and innovative formulations.
- India leads the South Asian market with a staggering CAGR of 16.1%, fueled by a surge in competition and the entrance of international brands.
- In North America, the USA is expected to maintain the largest market share, growing at a CAGR of 5.4% as consumers shift towards healthier alternatives.
Competitive Landscape
Leading players in the market are prioritizing expansion, development, and new product launches to enhance their global presence.
For instance
- Pfizer Inc. highly focus on growth opportunities by advancing its own pipeline and maximizing the value of the company in-line products, as well as through various forms of business development, which can include alliances, licenses, joint ventures, and among others.
Key Companies Profiled
Pfizer Inc.
Bayer AG ADR
Suntory Beverage & Food Company
Reckitt Benckiser Company
Herbalife Nutrition
Shiseido Company
Koninklijke DSM NV
Otsuka Holdings Company
Beiersdorf AG
Lonza Group
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Global Nutricosmetics Market by Category
By Product Type
- Beauty Berages/ Drinks
- Supplements
- Tablets
- Capsules
- Powder
- Liquid
By Primary Function
- Skin Care
- Sun Care
- Anti-Aging
- Radiance & Glow
- Anti-acne/pimple
- Hair & Nail Care
- Weight Management
- Multi-Functional
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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