Why the Nutricosmetics Market Is Booming Worldwide

Why the Nutricosmetics Market Is Booming Worldwide

Introduction

Nutricosmetic ingredients are substances used in dietary supplements that enhance the health and appearance of the skin, hair, and nails from the inside out. These ingredients include vitamins, minerals, antioxidants, and botanical extracts that target skin aging, hydration, and overall vitality. Unlike topical cosmetics, which work on the surface, nutricosmetics provide internal support to improve skin elasticity, reduce wrinkles, and promote a radiant complexion. The growing popularity of nutricosmetics reflects a holistic approach to beauty, focusing on both internal and external factors for comprehensive skincare.

The cosmetic industry encompasses the production, distribution, and sale of beauty and personal care products. These products include skincare, hair care, color cosmetics, perfumes, deodorants, and toiletries. The industry is characterized by a high level of innovation, with companies continually developing new products to meet consumer demand for improved efficacy, safety, and sustainability. Major players in the cosmetic industry invest heavily in research and development to create cutting-edge formulas and packaging that appeal to evolving consumer preferences. Additionally, the industry is influenced by trends such as the growing popularity of natural and organic products, the rise of personalized beauty solutions, and an increasing focus on eco-friendly and biodegradable materials.

Insights on Global Nutricosmetic Ingredient Markets

The global nutricosmetics ingredient market, which bridges the gap between nutrition and cosmetics, has seen rapid growth in recent years. Nutricosmetics, comprising beauty supplements and functional foods, aim to improve skin, hair, and overall beauty from within. These products include collagen supplements, vitamins, minerals, and antioxidants that enhance beauty by targeting issues like aging, skin hydration, and hair health. The market serves diverse applications, from anti-aging treatments to skin whitening and sun protection. According to BrandEssence’s insights, the global nutricosmetics ingredient market was worth US$ 4,315.6 million in 2023 and is expected to reach US$ 8,240.7 million in 2030, with a CAGR of 9.9% from 2024 to 2030, driven by increasing consumer demand for products that promote beauty from within.

Several factors drive the growth of the global nutricosmetics ingredient market. Consumers are becoming more aware of the benefits of inner beauty and wellness, leading to higher demand for nutricosmetic products. A significant driving force is the rising aging population in many regions. For instance, by 2030, the entire Baby Boomer generation will be aged 65 or older, contributing to a substantial demographic shift. The U.S. Census Bureau projects that by 2030, almost one out of every five Americans, approximately 72 million people, will be 65 years or older. This demographic shift significantly drives the demand for anti-aging products, including nutricosmetics. Additionally, growing trends in health and wellness encourage the use of natural and organic beauty products, while innovations in biotechnology and the discovery of new ingredients enhance the efficacy of these products. Additionally, celebrity endorsements and influencer marketing strategies also effectively promote nutricosmetic products, driving consumer interest and sales.

The nutricosmetic ingredient market is growing at a considerable growth rate due to the presence of several impactful growth factors globally as well as newly launched products. This has led the market to achieve a US$ 4,315.6 million market size in 2023. The Supplements subsegment under product type segment acquires the major market share of 58.7% in 2023.  The Asia Pacific Region dominates the nutricosmetic ingredient Market with a market share of 39.8 % in 2023. This is due to the presence of key players in introducing new products into the market.  Additionally, the Europe Region holds a market share of 31.4% in 2023. Additionally, Canada is the fastest-growing country in the Nutricosmetic Ingredient Market, with a compound annual growth rate of 12.1%. The nutricosmetic ingredient market in Asia Pacific Region is projected to experience a growth of 120 basis points, increasing from 39.8% to 41.0% over the forecast period from 2024 to 2030.

Top Market players in global nutricosmetic Ingredients market

Activ’Inside

ACTIV'INSIDE is a French FoodTec company that has carved out a niche in the nutraceutical industry, particularly by focusing on natural active ingredients and botanical extracts. The company’s core business revolves around developing, producing, and marketing nutraceuticals, which are products derived from food sources that provide additional health benefits beyond basic nutrition. These products are often used to prevent or treat diseases. ACTIV'INSIDE’s offerings include innovative active solutions that can be used as standalone ingredients or as part of ready-to-use formulations for private labeling. This means that other companies can use ACTIV'INSIDE’s formulations and market them under their own brand names.

BASF SE

BASF SE, headquartered in Ludwigshafen am Rhein, Germany, is a leading global chemical company with a strong commitment to economic success, environmental protection, and social responsibility. Employing around 112,000 people worldwide, BASF operates in nearly all sectors and countries, contributing to its customers' success globally.

In the cosmetics sector, BASF’s Nutrition and Care segment provides essential ingredients and solutions for personal care applications. A recent innovation in this segment is the launch of the digital service “Ingredients Revealed,” D’lite®, introduced on April 11, 2024, at in-cosmetics Global in Paris. This service allows developers of personal care products to identify ingredients and formulations based on sustainability information, standards, and labels. Additionally, on September 12, 2023, BASF launched Tinomax™ CC, a new multifunctional sunscreen ingredient with improved SPF and UVA protection, made entirely from natural origin content.

FutureCeuticals, Inc

FutureCeuticals, a sister company formed in 1999 by Jeff Van Drunen, operates within the nutricosmetics ingredients market as a business-to-business (B2B) organization. It serves companies seeking to incorporate nutritional or functional plant-based efficacy into their products across various categories, including dietary supplements, functional foods and beverages, sports and active nutrition, health and wellness, and organic and whole foods.

Besides over 160 years of farming and manufacturing knowledge, the organization influences the extensive experience of the Van Drunen Family of Companies. The company boasts over 1,000,000 square feet of manufacturing and research facilities spread across Illinois, Indiana, California, Europe, and South America.

The company has significantly contributed to the industry, evidenced by 150+ published articles, 5 global manufacturing locations, millions of pounds of production and blending capacity, and over 11 billion doses served. The company has achieved dated to advancing research and product development for the nutraceutical and functional food and beverage categories, helping its partners achieve success for over 25 years.

Cantabria Labs

Cantabria Labs stands as a leading force in the global pharmaceutical and dermatology sectors, distinguished by its dedication to innovation and social impact. With a strong emphasis on dermatology and clinical nutrition, Cantabria Labs offers a comprehensive range of products designed to address various skin conditions and promote overall wellness. The company is a leader in dermatological prescription in Europe, particularly in Spain, Italy, and Portugal, and has established a significant international footprint, operating in over 85 countries with subsidiaries in key markets including the US, China, and Mexico.

Gencor

Gencor combines a rich 6,000-year history of Ayurvedic wisdom with cutting-edge scientific rigor to deliver natural, pure, and clinically validated ingredients. With a strong foundation in traditional herbal medicine, Gencor's botanicals are not only rooted in time-tested practices but are also substantiated by modern science. The company's herbal ingredients have been extensively studied, demonstrating efficacy in both animal and human clinical trials. Many of these studies are peer-reviewed, double-blind controlled trials that yield impressive and reliable results.

AIDP

AIDP has been a prominent provider of specialty and functional ingredients to the nutrition, food, and beverage markets for over 25 years. The company focuses on clinically researched brands that offer benefits across various health and wellness segments, including immune health, cognitive wellness, digestive health, joint support, healthy aging, and cosmeceuticals. With a commitment to sustainable sourcing, safety, and rigorous quality control, AIDP carefully evaluates its novel brands based on intellectual property and clinical support.

Nutrition21

Nutrition21, a subsidiary of Everwell Health Holdings, LLC since 2021, is a leading manufacturer and marketer of high-value, clinically substantiated ingredients for dietary supplements, functional foods, and beverages. With decades of experience, Nutrition21 has established itself as a pioneer in creating unique, patented products that are both safe and clinically effective. The company's scientific platform continuously innovates to deliver products that meet the highest standards of efficacy and safety. Building consumer trust through a rigorous product development process, Nutrition21 ensures product efficacy and safety with extensive preclinical and clinical research.

Monteloeder

Monteloeder is a globally recognized leader in the development and provision of innovative, scientifically researched botanical ingredients for the dietary supplement, food, and beverage industries. Established in 1996, the company has built a strong reputation for delivering high-quality ingredients backed by rigorous scientific research. Monteloeder's commitment to quality and innovation has positioned it as a trusted partner in the nutraceutical and functional food sectors worldwide. The company is dedicated to meeting the highest quality standards, with its manufacturing facilities adhering to ISO 9001 standards and holding GMP certification for dietary supplements and food products. This ensures that Monteloeder's customers receive products of the highest caliber.

Balchem

Balchem, established in 1967 by a group of entrepreneurs and investors, is a provider of specialty performance ingredients and products across various markets, including nutritional, food, pharmaceutical, animal health, and industrial sectors. With its corporate headquarters in Montvale, New Jersey. The company operates through a network of sales offices, manufacturing sites, and R&D centers primarily located in the US and Europe.

VestaNutra

Vesta Nutra, founded in 1996, has built a strong reputation in the dietary supplement industry through its unwavering commitment to quality and customer satisfaction. The company focuses on providing high-quality dietary supplements using only the finest natural ingredients, ensuring that every product promotes overall wellness. With a dedication to delivering products on time and at an unbeatable value, Vesta Nutra has maintained its core values throughout its operations, reinforcing its standing as a trusted leader in the industry.

Mibelle

Mibelle operates as an independent entity within the Mibelle Group, the largest manufacturer of cosmetic end products in Switzerland. The Mibelle Group is part of Migros, Switzerland's largest retailer, founded in 1925. With a workforce exceeding 94,000 employees, Migros has a unique cooperative structure and a strong commitment to social responsibility, which extends to Mibelle operations.

Lucas Meyer

Lucas Meyer is a subsidiary of Clariant. Lucas Meyer is a leading cosmetics manufacturer and marketer of innovative ingredients for the cosmetic and personal care industry. The company offers a diverse range of active ingredients, functional ingredients, and delivery systems, all derived from various natural origins such as marine and botanical sources. The company portfolio includes unique, bioefficient actives like biomimetic peptides and biotech active ingredients, designed to address contemporary cosmetic challenges such as skin aging, environmental damage, and complexion enhancement. By adhering to the highest standards of quality, Lucas Meyer ensures that their products not only meet but exceed the expectations of cosmetic chemists and biologists, providing them with innovative solutions to enhance the efficacy of personal care products.

Horphag (Pycnogenol)

Horphag Research, established by Charles Haimoff, specializes in the development and distribution of Pycnogenol, a unique water-soluble flavonoid extract derived from the bark of the French maritime pine tree. Haimoff's pioneering work in his Berlin-based laboratories laid the foundation for the company's long-standing commitment to promoting "healthy aging." As the exclusive worldwide supplier and original developer of Pycnogenol, Horphag Research partners with hundreds of companies to formulate innovative and effective products featuring this powerful extract.

Redrose Manufacturing Limited

Redrose Manufacturing Limited has been a dedicated developer and manufacturer of nutraceutical products for over 25 years. Redrose has expanded its reach to over 60 countries, garnered prestigious Chamber of Commerce awards, and earned key accreditations such as Good Manufacturing Practice (GMP) and ISO 22000. The company consistently surpasses its ambitious targets, setting new goals annually. As Redrose has grown, so has its team of experts, committed to manufacturing the highest standard of products in the industry. The company continuously aims to improve lead times, support start-up businesses, and develop the latest technologies to enhance efficiency and product quality. Specializing in the development of nutraceutical products from initial concept to finished packaging, Redrose ensures high-quality, in-demand products that stay ahead of the competition. The extensive range of off-the-shelf formulations, perfected through years of experience, can be custom-tailored by in-house experts to meet specific requirements and provide insights on upcoming industry trends. With a production capacity of 5,000,000 capsules and tablets per day, the manufacturing facility, boasting a five-star food hygiene rating, adheres to strict GMP standards to guarantee the highest possible product quality.

Robertet Group

The Robertet Group, with its rich 175-year history, stands as a cornerstone in the realms of flavors, fragrances, and natural ingredients. Founded in 1847 in Grasse, the historical heart of perfumery, Robertet has seamlessly blended tradition with innovation. The company has emerged as a global leader, maintaining a presence in over 50 countries.

Furthermore, innovation is a cornerstone of Robertet's operations. The company integrates and develops comprehensive expertise, from cultivation to creation, and fosters knowledge-sharing through mentoring programs. With 14 dedicated centers worldwide, Robertet continuously analyzes the natural world, proposes innovative solutions, and forms unique partnerships. This commitment to progress ensures that the company remains a leader in the industry.  Additionally, at the heart of Robertet's philosophy is the provision of customized solutions. This personalized approach allows the company to precisely meet its customers' needs, creating products that are unique and reflective of their brand. By combining tradition with cutting-edge technology, Robertet's teams work closely with customers to explore the infinite possibilities of natural fragrances and aromas, creating products that tell a story, evoke emotions, and leave a lasting impression.

Sabinsa

Sabinsa, founded in 1988, is an ISO certified manufacturer and supplier known for its high-quality herbal extracts, cosmeceuticals, minerals, and specialty fine chemicals. The company aims to provide natural products that enhance human nutrition and well-being. Sabinsa operates as a biotechnology-based research, manufacturing, and marketing company, supplying innovative solutions across industries such as dietary supplements, cosmetics, specialty chemicals, and pharmaceuticals. Their mission is rooted in innovation, tradition, and research.

Seppic

Seppic, a subsidiary of the Air Liquide Group since 1986, has a rich history of over 80 years in developing, manufacturing, and marketing unique ingredients across various sectors, including cosmetics, nutraceuticals, pharmaceuticals, veterinary, and industrial products. The company has established a global presence with a dedicated team of employees who are passionate about advancing health, well-being, and beauty. Seppic's commitment to innovation and quality has made it a key player in these industries, with a strong emphasis on meeting the evolving needs of its customers worldwide.

Green Acres Skincare Laboratories Ltd.

T/A Green Acre is a distinguished leader in the research and development of innovative active ingredients, with a strong focus on the manufacturing, formulation, and supply of high-quality beauty, health, cosmetic, and personal care products. The company operates across a wide range of sectors, including Nutrition & Health, Food & Beverage, Plant Extracts, Functional Ingredients, Natural Ingredients, Contract Manufacturing, and Medical Devices.

NuLiv Science

Founded in 1997, NuLiv Science is a Certified B-Corp that stands at the forefront of the plant-based nutraceutical ingredients market. From traditional Chinese Medicine (TCM), the company forces modern scientific techniques to isolate, identify, and validate beneficial compounds from traditional herbs. This integration of ancient wisdom and contemporary research enables NuLiv Science to discover innovative applications for their ingredients, supported by extensive in vitro, in vivo, and human studies conducted in collaboration with universities and research institutes worldwide.Over the past 25 years, NuLiv Science has strategically sourced, researched, and developed a robust portfolio of exclusive ingredients such as AstraGin, Senactiv, InnoSlim, Verbasnol, Acteolin, Osteosine, CordycepsPrime, and Zylaria. Their commitment to excellence is reflected in their inclusion in the Inc. 5000 List of Fastest Growing Companies in America.

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