LAMEA 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 Latin America, Middle East and Africa Nutracosmetic Market would witness market growth of 9.3% CAGR during the forecast period (2022-2028).
Hair loss is a common problem for both men as well as women and one of the issues doctors advice on most frequently. Although hair loss is a normal part of the hair's physiological cycle, there are many other factors that can contribute to an increase in hair loss. By reducing the negative impacts of the variables that promote hair loss, nutracosmetics can aid in the prevention of non-physiological hair loss. Within certain climatological and seasonal conditions, as well as in a variety of specialized situations, products containing particular nutrients can help prevent hair loss. The objective is to prolong the hair's anagen phase in order to postpone the rest & loss phase (known as the telogen phase).
Owing to shift from tubes to foods, cosmetics and toiletries are evolving. As interest in functional products and nutricosmetics has started to increase simultaneously, new products that are complimentary to the conventional beauty sector have been added. As a subset of nutraceuticals, nutricosmetics have gained appeal, first in Europe and Japan, then more recently in the United States. The combination of foods, pharmaceuticals, and cosmetics is where the term originated. While nail-specific products are focused on enhancing nail strength and overall look, nutricosmetic solutions for hair are said to help with growth, restoration, nourishment, and volume. The formats of nutricosmetics include pills, tablets, liquids, and meals.
Nutracosmetics market in Saudi Arabia has grown significantly as a result of the country's expanding population & growing disposable income. In order to satisfy consumer demand, cosmetic manufacturers are launching their products more frequently, which is fueling market expansion. The rising popularity of luxury brands is anticipated to have a positive impact on the Saudi Arabia nutracosmetics market throughout the forecast period. Saudi Arabia has strict regulations governing halal cosmetics. As a result, customers are becoming more aware of the availability of vegan & halal nutracosmetics. In light of this, companies are working hard to provide vegan skin care products to build their brands.
The Brazil market dominated the LAMEA Nutracosmetic Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $80.5 million by 2028. The Argentina market is exhibiting a CAGR of 9.8% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Nutracosmetic Market is Predict to reach $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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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