The Nutricosmetics Global Market Report 2023, provides comprehensive information on the nutricosmetics market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Nutricosmetics Global Market Report 2023, the global nutricosmetics market size is expected to grow from $6.21 billion in 2022 to $6.84 billion in 2023 at a compound annual growth rate (CAGR) of 10.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global nutricosmetics market size is expected to reach $9.62 billion in 2027 at a CAGR of 8.9%.
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Innovative product developments are a key trend gaining popularity in the nutricosmetics market. Major companies operating in the nutricosmetics market are developing innovative products to strengthen their position in the market. For instance, in January 2023, Neutrogena, a US-based cosmetics, skincare, and hair care producer owned by parent company Johnson & Johnson, launched Nourished x Neutrogena Skin360 SKINSTACKS. This customized skin care supplement uses AI technology to craft customizable 3D-printed gummies to address specific needs. Customers must visit the SkinStacks website and take three selfies for Neutrogena’s ‘Skin360’ AI technology to assess the smoothness, luminosity, clarity, fine lines, and wrinkles on their skin. It helps to determine one’s skin’s precise needs by asking about their present skincare regimen and future goals. The technology subsequently provides a customized blend of nutrients to enhance skin problems and achieve the user’s skincare objectives.
The nutricosmetics market is segmented:
1) By Type: Capsules, Tablets, Softgels, Drinks, Powders, Gummies, Candies, Other Types
2) By Ingredients: Carotenoids, Vitamins, Omega 3 Fatty Acids, Other Ingredients
3) By Distribution Channel: Supermarkets And Hypermarkets, Online Pharmacies, Retail Pharmacies, Specialty Stores
4) By End-Use: Skincare, Haircare, Nailcare, Other End Users
North America was the largest region in the nutricosmetics market in 2022.
The table of contents in TBRC’s nutricosmetics market report includes:
- Executive Summary
- Nutricosmetics Market Characteristics
- Nutricosmetics Market Trends And Strategies
- Nutricosmetics Market – Macro Economic Scenario
- Nutricosmetics Market Size And Growth
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- Africa Nutricosmetics Market
- Nutricosmetics Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Nutricosmetics Market
- Nutricosmetics Market Future Outlook and Potential Analysis
- Appendix
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