- The global nutricosmetics market is expected to expand at a decent CAGR of 5.0% during the assessment period, this growth is attributed to increased consumer awareness pertaining to the benefits of organic products.
- Asia Pacific is one of the prominent regions in the market for nutricosmetics.
ALBANY, N.Y., July 6, 2021 /PRNewswire/ -- With growing awareness pertaining to the advantages of organic products, people are giving preference toward the use of cosmetics manufactured utilizing organic contents. Thus, to capitalize this trend, the companies from the nutricosmetics market are increasing the incorporation of various innovative elements including barks, oils, roots, seeds, and fruits in their products. Apart from this, many players are using different ingredients such as green tea, coenzyme Q10, and fruit extracts in nutricosmetics products. This scenario depicts that the global market will experience promising expansion avenues in the forthcoming years.
Analysts at TMR highlight that the global nutricosmetics market is likely to be valued at US$ 8,571.5 Mn by the end of assessment period 2019–2027. The market was valued at US$ 3,853.4 Mn during 2018.
Players Focus on Providing Personalized Products according to Consumer Needs
Several players operating in the global nutricosmetics market are increasing efforts to provide skincare products according to the need of their customers. As a result, they are focused on various important aspects of users such as their skin type, weather and pollution levels in their regions, and many other aspects. All this data is helping enterprises to craft the products that are compatible with and effectual on the skin of end-users.
Consumers Shift toward Organic Products Owing to Awareness Regarding Adverse Effects of Synthetic Products
Generally, the synthetic skincare products are manufactured using various chemicals, which are harmful for the health. Major consumer pool today is growing inclination toward the use of organic products owing to increased awareness pertaining to the adverse effects of synthetic skincare products. This factor is working as a key driver for the growth of the global nutricosmetics market.
Nutricosmetics Market: Growth Boosters
Over the period of recent few years, there is noteworthy growth in awareness pertaining to the health and wellness among people from major parts of the world. This factor is fueling sales avenues in the nutricosmetics market. Apart from this, the increased popularity of nutricosmetics among older population is exacted to boost the sales number in the market.
The disposable income of major population living in various developed and developing countries is improved. As a result, this consumer base is spending more money on their aesthetics and personal care. This factor is bringing notable demand opportunities for players in the global nutricosmetics market.
In recent few years, the number working population, specifically female working population, is increasing at noteworthy pace in many developing regions such as Asia Pacific. As a result, the demand for skincare products in these regions is growing at significant rate. This scenario is likely to boost the growth of the global nutricosmetics market in the years to follow.
Cannabinoid is considered effective in the treatment of psoriasis, eczema, and dry skin. Apart from this, the chemical also holds moisturizing and anti-inflammatory properties. As a result, it is increasingly utilized in several beauty products. Thus, the companies engaged in the nutricosmetics market also are using cannabinoids in their products.
Companies engaged in the market are consistently working on improvement of their current products. Apart from this, several enterprises are increasing their focus on the launch of innovative products that include organic elements. All these factors are expected to bring promising expansion opportunities for the global nutricosmetics market.
Amenity Kits Market - The COVID-19 pandemic has reshaped the travel industry. After resisting operational costs, stakeholders in the amenity kits market are giving into the clutches of the pandemic and launching new amenity kits.
Cosmetics Ingredient Market - The growing aging population endures to push up the demand for anti-aging cosmetic products. Moreover, increasing demographic of individuals looking for better appearance is likely to drive the growth of the anti-aging ingredient sector. Several ingredients that are used in anti-aging have moisturizing and skin healing properties.
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