Asia Pacific Nutracosmetic Market Size, Share & Industry Trends Analysis Report By Ingredient, By Application (Skin Care, Hair Care, and Nail Care), By Demographic, By Distribution Channel, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Nutracosmetic Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
One of the newest trends in the cosmetics industry is nutricosmetics, which function as nutritional supplements to enhance beauty from within. Collagen, proteins, peptides, minerals, vitamins, carotenes, & omega-3 fatty acids are among the product ingredients with the highest market demand. Ingredients based on plant extracts, in particular, are highly favored across the world.
Due to their simplicity of use and widespread adoption, as well as the advantages of being healthy, efficient, and offering new products, nutracosmetics are quickly becoming a dominant force in the worldwide beauty business. They are being used more frequently for body management, as well as for skin, hair, and nail care, among other things.
India has been the largest market for nutracosmetics in South Asia. There aren't many professional makeup lines in India that can serve the wide range of salons & makeup artists. In addition to boosting competition within the Indian beauty industry, the country's quick economic development has drawn a large number of foreign companies, making it a significant market and a major source of nutracosmetic product sales. The nutracosmetics market is being driven by the rising elderly population, which has increased demand for products having anti-aging effects.
The China market dominated the Asia Pacific Nutracosmetic Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $479.4 million by 2028. The Japan market is exhibiting a CAGR of 7.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9.1% during (2022 - 2028).
Based on Ingredient, the market is segmented into Carotenoids, Probiotics, Vitamins, and Others. Based on Application, the market is segmented into Skin Care, Hair Care, and Nail Care. Based on Demographic, the market is segmented into Female and Male. Based on Distribution Channel, the market is segmented into Hypermarket & Supermarket, Specialty Stores, Pharmacies & Drug Stores, Online Sales Channel, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Amway Corporation, Pfizer, Inc., GlaxoSmithKline PLC, Blackmores Limited, Shiseido Company, Limited, Suntory Holdings Limited (Kotobuki Realty Co., Ltd.), and KORA Organics by Miranda Kerr Pty Ltd., Herbalife nutrition Ltd., and GNC Holdings, LLC
Scope of the Study
Market Segments Covered in the Report:
- Skin Care
- Hair Care
- Nail Care
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- BASF SE
- Amway Corporation
- Pfizer, Inc.
- GlaxoSmithKline PLC
- Blackmores Limited
- Shiseido Company, Limited
- Suntory Holdings Limited (Kotobuki Realty Co., Ltd.)
- KORA Organics by Miranda Kerr Pty Ltd.
- Herbalife nutrition Ltd.
- GNC Holdings, LLC
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