About this market
Technavio's nutricosmetics market analysis considers sales from both offline and online distribution channels. Our study also finds the sales of nutricosmetics in APAC, Europe, MEA, North America, and South America. In 2019, the offline segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as subscription services for beauty supplements will play a significant role in the offline segment to maintain its market position. Also, our global nutricosmetics market report looks at factors such as health benefits offered by nutricosmetics, growing demand for clean label products for skincare, and rise in the aging population. However, availability of substitute products, low adoption of nutricosmetics in many countries, and growing threat from counterfeit products may hamper the growth of the nutricosmetics industry over the forecast period.
The rise in the aging population
Anti-aging products are gaining popularity among the aging population as the skin undergoes severe changes with age. This is driving the growing demand for nutricosmetics as they have natural antioxidant properties. They are formulated using substances such as carotenes and resveratrol to prevent premature aging. Thus, the rise in the aging population will lead to the expansion of the global nutricosmetics market at a CAGR of over 5% during the forecast period.
Growing consumer demand for beauty from within products
End-users of skincare products are becoming aware that applying products to the skin is not as efficient as consuming beauty from within supplements that are specifically formulated for the hair, skin, and nails. Vitamins, colagens, and enzymes are the primary ingredients used in beauty supplements, such as nutricosmetics, which are used for controlling the signs of aging, skin brightening, increasing firmness, and reducing cellulite. Globally, these products are becoming prominent and are available as tablets, pills, gummies, and capsules. Beauty from within products such as nutricosmetics help enhance the beauty and eliminate the need for invasive and expensive treatments. This development is expected to have a positive impact on the overall market growth.
For the detailed list of factors that will drive the global nutricosmetics market during the forecast period 2020-2024, view our report.
With the presence of several major players, the global nutricosmetics market is highly fragmented. Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading nutricosmetics manufacturers, that include BORBA LLC, FunctionalabGroup, Herbalife Nutrition Ltd., Nestle SA, New Avon Co., Pfizer Inc., Pola Orbis Holdings Inc., Unilever Group, Versailles BV, and Vitabiotics Ltd.
Also, the nutricosmetics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Dietary supplements
- Food and beverages
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Market segmentation by distribution channel
- Comparison by distribution channel
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by distribution channel
PART 09: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 12: MARKET TRENDS
- Expansion of product portfolios in global nutricosmetics market
- Growing consumer demand for beauty from within products
- Growing focus of vendors on developing patented variants of nutricosmetics
PART 13: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- BORBA LLC
- Functionalab Group
- Herbalife Nutrition Ltd.
- Nestle SA
- New Avon Co.
- Pfizer Inc.
- Pola Orbis Holdings Inc.
- Unilever Group
- Versailles BV
- Vitabiotics Ltd.
PART 15: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 16: EXPLORE TECHNAVIO