Albany, NY, March 12, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Nutricosmetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020," global Nutricosmetics market was valued at USD 3.36 billion in 2013, growing at a CAGR of 11.5% from 2014 to 2020 to account for USD 7.16 billion in 2020.
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Nutricosmetics are natural health products that are oral based and have evolved from nutraceutical and cosmeceutical. It contains targeted nutrients and antioxidant mixed elixirs which have a treatment and preventive effect on the hair, skin and nails. The Nutricosmetics market is primarily driven by factors like growing consumer awareness for natural products, increasing beauty concern among people and also its popularity among the aging population.
The nutricosmetics market is segmented by product type into: liquid and pill. The market for liquid nutricosmetics is comparatively larger as compared to the pill nutricosmetics, as the beverages resonate well with the hectic lifestyles of the consumers. Furthermore, when it comes to trust, people prefer liquids more than pills. Owing to these factors, the demand for liquid nutricosmetics is expected to remain high during the forecast period. In 2013, the share for liquid nutricosmetics was 55.75% in terms of revenue, whereas, pill nutricosmetics accounted for 44.25% of the overall nutricosmetics market.
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On the basis of application, both the liquid and the pill nutricosmetic are further subdivided into skin care, hair care and others. Skin care accounted for the majority of the share in both the categories and is expected to remain so during the forecast period.
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The report provides an insight into the nutricosmetics types and its application in North America, Europe, Asia Pacific and Rest of the World. Asia Pacific led the Nutricosmetics market in 2014 in terms of revenue and the region is expected to continue its dominance till 2020. Asia Pacific is closely followed by Europe. The reason behind is the presence of a large base of elderly population in developed Western European economies and the high market penetration rates of these products in this region.
Other Reports By Transparency Market Research :
- Personal Care Products Market : http://www.transparencymarketresearch.com/organic-personal-care-products.html
- Skin Care Products Market : http://www.transparencymarketresearch.com/medicated-skin-care-products.html
Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of Nutricosmetics. Major market participants profiled in this report are Croda International Plc, Lucas Meyer Cosmetics S.A.S., Pfizer Inc., Sanofi-Aventis U.S. LLC and Frutarom Ltd.
Global Nutricosmetics Market: By Type
- Skin Care
- Hair Care
- Skin Care
- Hair Care
Global Nutricosmetics Market: By Geography
- North America
- Asia Pacific
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Source:Transparency Market Research