Knowledge Sourcing Intelligence announces the publication of a new report on “Global Nutricosmetics Market - Forecasts from 2020 to 2025” to their offering.
The increasing pool of elderly consumers, the growing share of urban consumers resulting in an increased demand for nutrition supplements, higher investments on R&D leading to products with higher effectiveness are a few of the factors that are expected to drive the growth of this market.
As per the report, the Global Nutricosmetics Market, which has been valued at S$6.358 billion in 2019 is expected to witness a meteoric growth during the forecast period.
During the past few years, the global food and beverage industry has witnessed the convergence of food and cosmetics, whereby food ingredients have found a place among cosmetic applications leading to a profusion of developments in the Nutricosmetics space, especially due to synergistic results. This has led organizations that have been traditionally engaged in personal care products foraying into food supplement products. For instance, in August 2018, it has been reported that Well Within, an independent beauty and wellness brand had launched two skincare supplements expanding their product portfolio. This stems from the demand for complementing the consumption of healthy food with the right nutrients through supplementation to decelerate the aging process leading to product developments with an all-encompassing attribute. On the other hand, the food supplement brands are increasingly venturing into cosmetic applications. For instance, the Avon which is renowned for its product portfolio that primarily encompasses personal hygiene and cosmetics products have had reportedly entered the supplement space with the launch of 11 products classified into 3 groups which are namely: Boost that comprises plant protein powder to weight management solutions; Glow that constitutes beauty from within products and Restore that consists of products that range from sleeping aid supplements to multivitamins. Therefore, from the above snapshot, it is clear that the trend of Beauty-from-within is augmenting consumer demand and market responses which are expected to facilitate an exponential global nutricosmetics market growth. Certain market developments during the past few years are as follows:
May 2018 – Market Expansion
A well-known comprehensive multi-vitamin and beauty supplement in the UK called the Perfectil, which comprises specific formulations designed to support skin, hair, and nails developed by Vitabiotics was reported to launch in Walgreens location across the USA. The range of products within the brad contains 22 to 28 bio-active micronutrients that help deliver radiant beauty from the inside. The products, which were reported to launch in the USA included Hair and Nails; Perfectil Hair; Perfectil Nails; Perfectil Skin, and Perfectil Triple Active Support for Skin.
February 2019 – Collaboration
It was reported that Symrise and the Swedish bioengineering company Probi are working together on that is based on probiotic to address the nutricosmetic sector with probiotic-based products as a response to the needs of sensitive and dry skin. This collaboration encompasses the combination of expertise and knowledge of both organizations and resulting in the development of a tangible product by the end of 2019. Further subsumed under the collaboration are the agreements of the product being manufactured in the US, and the exclusive rights to sell the Lactobacillus plantarum HEAL19 strain to the worldwide cosmetics market, owned by Symrise.
April 2019 – Ingredient Launch
A Lubrizol Company called Lipofoods SLU that specializes in the development and production of microencapsulated functional ingredients that extends solutions of nutritional and technical nature to the industries of dietary supplement as well as food and beverage had reportedly launched a highly bioavailable microencapsulated curcumin for the beauty-from-within market, called Curcushine™. The salient features of the innovative formulation are that it is natural and vegan, with reportedly high solubility when dissolved in the water. Another noteworthy aspect of the ingredient is the neutral taste that reportedly allows it to be readily incorporated into nutricosmetics and beauty drinks. This product was developed in collaboration with the Italian R&D company, Sphera Encapsulation S.R.L. which is dedicated to the research and development of nano- and micro-encapsulation strategies
These key market developments pertaining to nutricosmetics underscores the upward trajectory that has been forecasted for the nutricosmetics market.
As a part of the report, the major players operating in the global nutricosmetics market, which have been covered are Amway Europe, BioCell Technology, LLC, Functionalab, Martin Biotech Ltd, MOON JUICE, Shiseido Co., Ltd., SugarBearHair, The Beauty Chef, The Nue Co, Vemedia, Vitabiotics Ltd. and VLCC Personal Care
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-nutricosmetics-market
This report segmented the global nutricosmetics market on the basis following terms