Aging Population & Innovative Products Stimulate Demand for Nutricosmetics, According to New Report by Global Industry Analysts, Inc.
San Jose, CA (PRWEB) July 16, 2013 -- Follow us on LinkedIn – Nutricosmetics mark the convergence of nutrition and personal care. Essentially products of natural origin, nutricosmetics address issues such as photoprotection, hydration, hair nourishment and volume, skin pigmentation, slimming, hair growth and skin repair. Nutricosmetics are steadily gaining prominence driven by increasing awareness among consumers over the significance of nutrition as a means to protect skin against aging. Aging population and the rising prominence of beauty-from-within concept are driving demand for nutricosmetics. Urban lifestyles and rising consumer affluence is also helping trigger demand for innovative beauty products such as nutricosmetics. Though nutricosmetics market presently accounts for a small share of the overall personal care market, future prospects remain optimistic as an increasing number of consumers are moving towards natural products owing to the rising concerns over safety. Introduction of products containing novel ingredients is another key factor pushing sales of nutricosmetics. In recent times, products have been launched featuring innovative ingredients such as polyphenolrich plant extracts, oils, barks, roots, fruits, and seeds. Among the most researched ingredient is carotenoid (lycopene, ß-carotine), which has been found to offer photoprotective-derived anti-aging benefits. Fruit extracts, coenzyme Q10 and green tea are the other widely used ingredients in the nutricosmetics market.
As stated by the new market research report on Nutricometics, Europe and Japan represent the major markets worldwide. Japan, in particular, has made rapid progress in the market due primarily to the implementation of advanced FOSHU legislation. In Europe, anti-aging concerns, along with hair and skin improvement products, are spurring sales of nutricosmetics. Among the products to find widespread acceptance in the region are natural ingredients such as phytosterols and carotenoids, fruit/plant extracts, collagen and peptides, hyaluronic acid and vitamins. Asia-Pacific, with a CAGR of 15% over the analysis period, represents the fastest growing regional market. Increasing popularity of alternative medicine and self-medication trends and acceptance of dietary supplements claiming to enhance beauty, are factors driving growth in the region.
Ready-to-drink (RTD) beauty drinks are presently experiencing strongest growth in the market. These products combine benefits of bioactive fortification and natural hydration. Nutricosmetic beverages that are popular among consumers include herbal teas (black, red and green), fortified waters (with vitamins A, E, C, zinc, and selenium), and exotic fruit juices (such as pomegranate, acai, and goji). To exploit the opportunities offered, companies are making efforts to offer innovative products that offer consumers a wider choice in terms of ingredients, benefits and formats.
Major players covered in the report include BASF SE, Carotech Bhd, Denomega Pure Health, Frutarom Industries Ltd., Frutels LLC, Functionalab, GliSODin Skin Nutrients, IMCD Group B.V., Innéov, Lonza Group Ltd., Laboratoire Oenobiol SA, LycoRed Ltd., Martek Biosciences Corporation, Nutrilo GmbH, NV Perricone LLC, Pfizer Consumer Healthcare, Quest Vitamins Limited, Shiseido Co. Ltd., and Solgar, Inc.
The research report titled “Nutricosmetics: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific and Rest of World.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Nutricosmetics_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, 408-528-9966, [email protected]
Share this article