Nutricosmetics Market to Flourish with an Impressive CAGR by 2027

Global Nutricosmetics Market: Snapshot

The demand for organic products among the consumers have surged to a great extent in the past few years, on account of increasing awareness about the benefits offered by natural products. Synthetic skin care products are inclusive of harmful chemicals that may have adverse effects on human health. Due to this issue, health conscious consumers are shifting their focus towards natural products. Introduction of new innovative nutricosmetic products having organic elements is another key factor driving the sales of nutricosmetic products.

Request a sample to get extensive insights into the Nutricosmetics Market

In recent periods, products have been launched presenting innovative elements such as oils, barks, fruits, roots, and seeds. In addition, fruit extracts, green tea, and coenzyme Q10 are the other commonly used ingredients in nutricosmetic products. These are some major factors responsible for the switch from synthetic products to natural products. The popularity of nutricosmetics among the aging population is also considered as one of the key drivers of the global nutricosmetics market. Rapidly growing base of aging population coupled with increasing awareness about health and wellness is also fueling the demand for nutricosmetics at present.

The global nutricosmetics market size was valued US$ 3,853.4 mn in 2018 and is poised to reach US$ 8,571.5 mn by 2027, progressing at a CAGR of 5.0% between 2019-2027.

fa global nutricosmetics market

Furthermore, low awareness among consumers about the benefits of nutricosmetics is acting as a bottleneck to the growth of this market. The relatively new availability of these products has been a reason for their low credibility among consumers. Furthermore, longer time for nutricosmetics to show results is challenging the growth of nutricosmetics market.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Demand For Products With Natural Ingredients

Consumer awareness regarding the ill-effects of synthetic chemicals used in popular cosmetic skin care products are driving them to opt for products that less harmful natural ingredients which have the same benefits without the harmful side effects of synthetic-based products. Small scale players growing at a higher pace in domestic market. Consumer preferences are shifting toward these brands which also claim to use sustainable manufacturing methods, thus raising the product’s attractiveness to the consumer. The present consumer profile comprises an increasingly younger population which is willing to experiment with emerging brands. These brands use locally-sourced ingredients and non-traditional marketing channels which increase their perceived value to the consumer.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Nutricosmetics Market

Rise in Disposable Income

There has been a rise in disposable income in developing economies including China, India, Mexico, Brazil and South Africa will create new opportunity for global companies. Growth of larger skin care companies. Consumers are increasing their spending on skincare solutions. The working population in Asia Pacific is on a rise, with the female workforce participation in Malaysia at 46.8% according to the World Bank. This factor leads to a higher income and consequent disposable income among women, which is expected to drive the nutricosmetics market in the region.

Some of the key players in the global nutricosmetics market include

  • Cargill Incorporated
  • E.l.Du Pont De Nemours
  • Company, Nestle S.A.T
  • The Coca-Cola Company
  • L’Oreal SA.

Read Our Latest Press Release:

https://www.prnewswire.com/news-releases/technological-developments-and-adoption-across-various-applications-to-increase-growth-rate-of-mass-spectrometer-market-tmr-301211603.html

https://www.prnewswire.com/news-releases/coffee-companies-leverage-advances-in-coffee-packaging-market-to-expand-scope-of-branding-opportunities-tmr-301212521.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad-hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

Contact

Transparency Market Research State Tower,

90 State Street,

Suite 700,

Albany NY – 12207

United States

USA – Canada Toll Free: 866-552-3453

Email: [email protected]

Website: https://www.transparencymarketresearch.com