Market Size of Asia-Pacific Nutricosmetics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.24 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Nutricosmetics Market Analysis
Asia-Pacific nutricosmetics market is valued at USD XX million in the current year and is projected to grow at a CAGR of 9.24% over the next five years.
Increasing awareness on the links between food consumption and enhanced beauty in the region coupled with the consumer's concern toward various skin problems caused by nutrient and vitamin deficiencies like wrinkles, dark spots, aging, and hair loss among others has been increasing the demand for beauty food products, in turn, create demand for nutricosmetic products in the Asia-Pacific region. Similarly, consumer's are considering nutricosmetic products as a convenient way to promote healthy skin without the tedious nightly routine which is supporting the growth. Additionally, with the rise of holistic beauty and health, the nutricosmetics market is growing and becoming increasingly competitive. Due to increasing knowledge regarding the advantages of nutricosmetics for nails, hair, and skin, it is predicted that the market for nutricosmetics in the Asia-pacific region majorly in countries like China, Japan, and India would grow substantially.
Moreover, with the growing interest of people in natural, vegan, and organic products, nutricosmetics made of natural ingredients and sustainable are gaining more popularity in the region. A few trends like cruelty-free and environmentally friendly manufacturing are further driving the growth of such products in the region. With this growing demand for natural products, many new manufacturers are eager to offer such products to target the appropriate consumer base. For instance, in India, SkinLab offers a wide range of nutricosmetic supplements that it claims are vegan & cruelty free supplements. The terms natural, plant-derived, organic and non-GMO are becoming increasingly visible and more in demand when it comes to beauty supplements which is expected to generate more new opportunities and a consumer base for the players in the region.
