Nutricosmetics Ingredients Market- increasing demand for improved skin and hair driving sales

The consumers of beauty products have realized the benefit of consumption of dietary supplements and functional foods laced with nutricosmetics ingredients such a Collagen, Hyaluronic acid, Vitamins and carotenoids. These ingredients benefit the conditions of skin, hair and nail by increasing collagen content in skin and hair, this coupled with antioxidant nature of the ingredients eliminates the free radicals which have adverse effects on skin and restore skin youthful appearance.

Growth Trends of Nutricosmetics Ingredients Market:

The Global Nutricosmetics Ingredients Market is estimated to grow at a CAGR of 9.8% during the forecast period 2015-2020. Rise in demand for orally ingestible products which boost skin, hair, nail and others will drive the growth of Nutricosmetics Ingredients Market.

Collagen, as an ingredient, accounts for the highest share in the Nutricosmetics Ingredients Market, due to the wide usage of collagen in skin nutricosmetics for benefits related to anti-aging and skin firmness. Vitamin ingredient is the second most dominant ingredient by value due to its anti-oxidative nature which detains the early signs of aging.

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Geographical Brief on the Market:

Nutricosmetics Ingredients Market is dominated by APAC with Japan and China as the major contributors. Highest market growth is estimated in North American region led by the U.S. as the main market. European market is a developed market for nutricosmetics products; however, some countries in this region such as Spain, The Netherlands and U.K. will offer prospective market revenues for nutricosmetics ingredients. Weight management end-use application of nutricosmetics products is projected to increase in the near future in countries such as the U.S., U.K., Germany and others.

Key Growth Trends of Nutricosmetics Ingredients Market:

The growing population of baby boomers in countries such as Japan, U.K., Germany, Spain and other European nations is propelling the market for anti-aging oral nutricosmetics.

Nutricosmetic ingredients have a wide scope of expansion in North America towing to the recent rise in adoption of nutricosmetic products in this region.

Early regulatory approvals in Japan as well as European countries have expanded the nutricosmetics ingredients usage in these countries.

APAC is the most dominant market for collagen nutricosmetics ingredient and this market is estimated grow at a CAGR of 9.7%.

Market for Nutricosmetics formulations based Beverages are increasing with many countries witnessing RTD nutricosmetic product launches.

Segmentation of Nutricosmetics Ingredients Market:

The Nutricosmetics Ingredients Market has been analyzed with respect to different parameters such as demand, supply, end-users and providers of nutricosmetics ingredient based products. Nutricosmetics ingredient market has been categorized based on type of ingredient, product type and end-use application. On the basis of Ingredients, the report is segmented into Collagen, Vitamins, Carotenoids and Others; by product type, it is segmented into Pills, Powder, Tonics, Shots, Confectionery, Packaged Foods and Beverages. End-use applications of Nutricosmetics Ingredients market mentioned in the report are Skin health, Hair health, Nail health and others. The overall market is also presented from the perspective of different geographic regions and the key countries in each region. The market has been segmented into four regions: North America, Europe, Asia-pacific and Rest of the World. Major markets for Nutricosmetics ingredients are analyzed for each region with market share analysis and insights.

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Notable Vendors of Nutricosmetic Ingredients Market:

IndustryARC has analysed more than 40 players in this market with few being:

LycoRed Ltd. (U.S.)

Nutrilo GMBH (Germany)

Pfizer Inc. (U.S.)

Kyowa Hakko Kirin (Japan)

Gelita AG (Germany)

Nitta Gelatin Inc. (Japan)

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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages