Nutricosmetics Market in the East takes the Lead

Press Release   •   Dec 30, 2015 05:02 EST

Transparency Market Research, in its latest report, indicates that the global Nutricosmetics Market is fueled by increasing demand for natural health and beauty products, rising medical and healthcare costs, and growing geriatric population base. These factors are estimated to drive the nutricosmetics market from US$3.3 Bn in 2013 to US$7.1 Bn in 2020 at a strong CAGR of 11.50% during that time. The report is titled “Nutricosmetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and is available for sale on the company website.

Nutricosmetics are natural health products that are oral based and have evolved from nutraceutical and cosmeceutical. It contains targeted nutrients and antioxidant mixed elixirs which have a treatment or preventive effect on the hair, skin or nails.

Research Report : Nutricosmetics Market

Based on product types, the Nutricosmetics Market is categorized into liquid and pill, which is further subdivided into skin care, hair care and others for both the categories. Growing consumer awareness for natural products and increasing demand for anti-aging product are the major factors driving the demand for nutricosmetic products. The Nutricosmetics market has experienced diversified trends across different regions such as North America, Europe, Asia Pacific and RoW.

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Among North America, Europe, Asia Pacific and RoW, Asia Pacific held the largest market share of 50.2% in 2013 in terms of revenue, followed by Asia Pacific. In 2013, Europe held a market share of 38.3% in terms of revenue. This trend is expected to be the same over the forecast period. It is estimated that Asia Pacific would be the largest market for nutricosmetics in 2020, followed by Europe.

The global nutricosmetics market was valued at USD 3.36 billion in 2013 and is estimated to reach USD 7.16 billion by 2020 in terms of revenue. The market in terms of revenue is projected to grow at a CAGR of 11.5% from 2014 to 2020.

Termed as the latest orally ingested health products, nutricosmetics are a combination of nutraceuticals and cosmeceuticals. Their basic composition is targeted nutrients and antioxidants that are mixed with elixirs, which perform therapeutic and preventive actions on the skin, hair, and nails. Most micronutrients are an integral part of the global nutricosmetics market. This includes flavonoids, glutathione, carotenes, coenzymes Q10, omega 3 fatty acids, collagen, and vitamin C. historically speaking, nutricosmetics were created by Ake Dahlgreen, a Swedish biochemist who specialized in internal skincare.

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