Europe 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 Europe Nutracosmetic Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
To increase sales in numerous nations, businesses are modifying their product branding & advertising techniques. Manufacturing businesses have implemented innovative methods to boost sales of nutracosmetics products, including the introduction of new products with organic ingredients, regular nutracosmetics products, as well as innovative packaging. Consumers, particularly women, like to utilize products that are portable & simple to use while traveling or attending social gatherings as nutracosmetics have become an essential aspect of lives.
In order to increase sales, producers frequently use natural chemicals that have no negative effects on the skin while creating nutracosmetics products. This aids in boosting the income of businesses engaged in this industry. The nutraceuticals sector is driven by all of these manufacturing strategies taken collectively.
Consumers are increasingly choosing the products that offer the same advantages without the negative side effects of synthetic chemicals, which are commonly found in popular cosmetic skin products. Natural skin care & cosmetic options are gaining popularity with consumers. The significance of increasing demands for nutricosmetics in beauty treatments is that they have very few adverse effects, and consumers are seeking out regimens to regulate aging and beauty.
In this region, it is estimated that Italian consumers will continue to favor skin care products with natural & active ingredients. Product ease of use & absorption is also highly valued attributes. Italian cosmetics are well known across the globe for their formula innovation as well as manufacturing company service characteristics, which have helped the Italian cosmetics industry establish itself in both conventional as well as emerging markets, these aspects enable Italy in trying to make a notable market for Nutracosmetic products in the Europe region.
The Germany market dominated the Europe Nutracosmetic Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $438.3 million by 2028. The UK market is experiencing a CAGR of 6.3% during (2022 - 2028). Additionally, The France market would display a CAGR of 8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Nutracosmetic Market will Hit $5.6 Billion by 2028, at a CAGR of 7.8%
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
- Rest of Europe
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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