Increasing Demand for Collagen and Cosmetic Surgeries are Anticipated to Boost the Global Nutricosmetic Ingredients Market During the Forecast Period. Nutricosmetic Ingredients market size is forecast to reach $8.2 billion by 2026, growing at a CAGR of 7.9% during the forecast period 2021-2026
The Global Nutricosmetic Ingredients market is growing at a significant rate owing to its increasing cosmetic assistance and increasing regulatory norms. Nutricosmetic ingredients are natural ingredients that are used to provide beauty and comprises of the essential nutrients and antioxidants. It have preventive effects on the nails, skin, and weight management. Nutricosmetic ingredients are used in collagen, antioxidants, flavones, and plant based ceramides. The nutricosmetics are consumed orally as well as in liquid forms. They act as an anti-oxidants by controlling and cancelling the effects. It also provide anti-inflammatory protection to the skin against the harmful ultraviolet radiation. Increasing usage of nutricosmetic as a dietary supplements and increasing demand for collagen for skin protection is increasing the growth of the market.
Gelatin is used as a gelling agent that offers various properties for skin protection, anti-ageing, and skin whitening among others. Collagen is used for manufacturing wound covers to treat severe burns. Increasing treatments that involves human surgeries and skin donation sites. Collagen also serves as a major part of the endomysium. Increasing cosmetic surgeries is also increasing the growth of the market owing to the fact that nutricosmetics is used in anti-ageing treatment and also for cosmetic surgeries. Increasing incidences of cosmetic surgeries such as anti-ageing creams also increases the growth of the market. Injectable fillers s a cosmetic plastic surgery procedure that is used to treat depressions as well as wrinkles in the skin. It is injected into the skin to fill up the area that is getting treated up.
North America dominated the global market share of the Global Nutricosmetic Ingredients market in 2020 owing to the increasing penetration of improved medications. Increasing consumption of dietary supplements, increasing health benefits of nutricosmetics, and increasing healthcare expenditure is increasing the growth of the market in this region. The rapid growth of the cosmetic industry is driving the demand for nutricosmetics. All these factors are set to avail new growth opportunities to the Global Nutricosmetic Ingredients in the region during 2021-2026.
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Global Nutricosmetic Ingredients Market Growth Drivers:
Increasing Focus of Consumers on Wellness and Natural Ingredients
Nutricosmetics are developed by using foods along with their by-products that consists of active ingredients, nutrients, and minerals which helps in improving the skin nutrition, nails, and hairs that are absorbed orally. Most of the beauty products are characterized by the supplementation of nutrients such as beauty pills and oral cosmetics. Increasing consciousness of the consumers regarding the wellness is increasing the growth of the market. Nutricosmetics ingredients are mostly fruits, vegetables, and other natural sources that have unique properties such as anti- aging containing high anti-oxidants.
Increasing Usage of Micro Biome Skincare Products
Micro-biome products help the skin to maintain its balance. Increasing consumer interest towards organic and natural ingredients combined with probiotics is increasing the demand for micro biome products. There is an increasing shift in consumer behaviour towards health and the way beauty is perceived. Micro-biome skin care products also addresses the various causes and symptoms for skin conditions. Its products contains anti-aging and anti-wrinkle properties. Lack of awareness among consumers regarding the benefits of the nutricosmetics and increasing concerns associated with the longer duration is hindering the growth of the market. However, the advantages of global nutricosmetics ingredients significantly outweigh the disadvantages.
In 2019, Royal DSM and French Chemical Company partnered up in a R&D deal for delivering 100% bio-sourced nutricosmetics ingredients for skin care products.
The Major Players in this Market Include
The major companies in the Global Nutricosmetic Ingredients market include BASF SE, Gelita AG, Croda International Plc., DSM N.V., Pfizer, Amazing Nutrition, and Kyowa Hakko among others.
Over the years, major market players have focused on different nutricosmetics that were typically used in personal care. The launch of new market companies, adequate funding, and government-aided policies help in the development of nutricosmetics products. The continuous developments in the Global Nutricosmetics Ingredients Market such as advanced technologies, increasing funding amount of startups and research organizations, and surge in the number of product and nutricosmetics products are the major factors set to drive the Global Nutricosmetics Ingredients Market during the forecast period 2021-2026.
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