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.
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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Report Copy :
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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