Nutricosmetics Market poised for 7.8% CAGR growth, reaching $14,085 million by 2034

Beauty Consciousness, Health Awareness, and Preference for Natural, Multifunctional Products has Ignited Demand for Nutricosmetics: Fact.MR Report

According to a detailed study by market research and competitive intelligence provider Fact.MR, the global nutricosmetics market is estimated at US$ 6,619 Million in 2024 and is forecasted to expand at an impressive CAGR of 7.8% from 2024 to 2034.

The combination of nutraceuticals and cosmetics, nutricosmetics has become a beauty ritual that is trending in the beauty and personal care industry. Ever since the world has witnessed a growing interest in natural and holistic beauty approaches, the spotlight has shifted from conventional topical solutions to products that work from within. This movement is fueled by long-lasting and more efficient results which nutricosmetics promise to provide for skin, hair and nails nourishment.

The increasing popularity of nutricosmetics is attributed to social media platforms and beauty influencer’s endorsements. As more people are becoming aware of the potential side effects of synthetic ingredients, the clean beauty hashtags are trending on social media platforms like Instagram and YouTube, where consumers are not just concerned about external beauty but give prime importance to internal health using natural and sustainably sourced ingredients propelling the demand for nutricosmetics products.

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Key Takeaways from Market Study:

• The global nutricosmetics market is projected to grow at 7.8% (CAGR) and reach US$ 14,085 Million by 2034
• The market created an opportunity of US$ 1,621 Million between 2019 to 2024
• Western Europe region is estimated to hold a market share of 29.7% in 2024 and will reach a valuation of US$ 4,088 Million by 2034
• Predominating market players include L’Oréal S.A., GNC Holdings Inc, Arkopharma, Vital Proteins LLC, Rousselot, KORA Organics, Seppic, Herbalife Nutrition Ltd., Pfizer Inc. and Swisse Wellness
• Vitamins under ingredient type is estimated to grow at a CAGR of 6.2% creating an absolute $ opportunity of US$ 560 Million between 2024 and 2034
• Supplements under product type are valued at US$ 3,674 million in 2024 and are projected to grow at a 7.8% CAGR from 2024 to 2034.

“Brands are expanding their portfolios, offering Nutricosmetics tailored to specific needs like anti-aging, skin hydration, and enhancing overall vitality”, says a Fact.MR analyst.

Nutricosmetics Industry News:

The nutricosmetics market is experiencing rapid growth, driven by substantial investments in research and development (R&D). These investments aim to develop innovative solutions for specific skin concerns, better understand consumer needs, and maintain a competitive edge. As companies allocate more resources to R&D, they can create advanced products that align with shifting consumer preferences. A key driver of this growth is the rise of customized skincare solutions, which cater to individual needs and set brands apart in an increasingly competitive market. By leveraging cutting-edge technologies and personalized approaches, companies are able to develop targeted, more effective products, fueling market expansion.

In a notable industry development, Vital Proteins® launched its most specialized beauty offerings to date in July 2024—Vital Proteins Hair Complex and Vital Proteins Skin Complex. These products feature a unique blend of ingredients designed to support hair growth and skin health, building on the brand’s well-established expertise in collagen-based beauty supplements. This launch highlights the increasing focus on tailored beauty solutions, reinforcing the trend toward personalized nutricosmetics that address specific consumer concerns with scientifically backed formulations.

Leading Players Driving Innovation in the Nutricosmetics Market:

Key industry participants like L’Oréal S.A.; GNC Holdings Inc; Arkopharma; Vital Proteins LLC; Rousselot; KORA Organics; Seppic; Herbalife Nutrition Ltd.; Pfizer Inc.; Swisse Wellness; Other Prominent Players. are driving the nutricosmetics industry.

Market Development:

Key Players in for nutricosmetics industry prioritize consumer-centric approach, sustainability, and innovation driven by research. They make investments in creating innovative ingredients with established safety and efficacy profiles, follow sustainable sourcing guidelines, and place a high value on consumer involvement and education.

Companies strive to satisfy changing consumer needs for efficient skincare products sourced ethically while building brand loyalty and market expansion by increasingly utilizing digital platforms and social media to engage consumers directly.

For Instance:

• In July 2024, Debut, a vertically integrated biotech company, secured a partnership with L’Oréal to develop over a dozen "vital and bio-identical" ingredients. These new ingredients are intended to replace conventionally sourced materials currently used across L’Oréal's global beauty and personal care brands, including skin care, hair care, color cosmetics, and fragrance products.

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More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global nutricosmetics, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The study reveals essential insights based on Product (Supplements (Tablets & Softgels, Capsules, Powders, Gummies & Candies) and Beauty Beverages/ Drinks) Ingredients (Carotenoids, Vitamins, Omega 3 Fatty Acids, Collagen, Minerals, Polyphenols, Probiotics, Peptides and Others), Price (US$) (Low (up to 50), Medium (50-100) and High (above 100)), Primary Function (Skincare (Sun Care, Anti-aging, Radiance & Glow and Anti-acne), Hair Care, Nail Care, Weight Management and Multifunctional), Sales Channel (Online (Company Owned Websites, E-Commerce Platform), Offline (Supermarket / Hypermarket, Cosmetics Stores, Pharmacy, Specialty Stores and Other Sales Channel)across major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & pacific, and the Middle East & Africa).

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