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DUBLIN--(BUSINESS WIRE)--Dec 7, 2022--
The "Nutracosmetic Market By Ingredient, By Application, By Demographic, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global nutracosmetics market size was valued at $ 3,624.2 million in 2021, and is projected to reach $7,816.7 million by 2031, registering a CAGR of 7.7% from 2022 to 2031.
Nutracosmetics are evolved from combination of products for nutrition and personal care that helps in rejuvenation and protection. Nutracosmetics 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. Available nutracosmetics for nails help to strengthen them and prevent breakage.
These products are consumed in both supplement and liquid forms. Some of the key nutracosmetics ingredients include vitamins (A, B6, and E), omega-3 fatty acids, probiotics, and lutein. These ingredients act as antioxidants and function by controlling and cancelling effects of free radicals, providing skin with anti-inflammatory protection against ultraviolet radiation. Rise in trend of healthy aging is a major factor that boosts growth of the global nutracosmetics market, especially among women.
Rise in penetration of various online portals in developing regions and increase in number of offers & discounts attracts consumers to purchase cosmetic products through online channels. Moreover, online sales channels have increased consumer reach, owing to which it has evolved as a key source of revenue for many companies.
Furthermore, the online sales market is expected to expand in the future, owing to rapid growth in online and mobile user customer bases in emerging markets. Increase in e-commerce sales, improvements in logistics services, ease in payment options, and facility to enter in new international markets for major brands further boost growth of the nutracosmetics market.
Key Benefits
Key Market Segments
By Application
By Demographic
By Ingredient
By Distribution Channel
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/9owu4d
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KEYWORD:
INDUSTRY KEYWORD: COSMETICS RETAIL FITNESS & NUTRITION HEALTH
SOURCE: Research and Markets
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PUB: 12/07/2022 08:43 AM/DISC: 12/07/2022 08:43 AM
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