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Pharmaceutical industry

Global Nutricosmetics Market to Grow at 8% CAGR from 2021-2026

Strategic Insights

— 1 min read

The global nutricosmetics market has exhibited moderate growth between 2015 and 2020, and it is expected to grow at a compound annual growth rate (CAGR) of around 8% during the forecast period of 2021-2026. The market is driven by factors such as the growing emphasis on maintaining physical appearance, rising demand for natural beauty products, and the increasing utilization of anti-aging products.

Key Takeaways:

  • The global nutricosmetics market is expected to grow at a CAGR of around 8% during 2021-2026, driven by increasing demand for natural beauty products and anti-aging products.
  • The growing working population and busy lifestyles of individuals are leading players to offer smaller-sized product variants with convenient packs.
  • The spread of the coronavirus disease (COVID-19) and lockdowns imposed by governments have escalated the demand for wellbeing and personal care products, including nutricosmetics, through e-commerce channels worldwide.
  • Key companies mentioned in the report include Amway, BASF SE, Bayer AG, Beiersdorf (Maxingvest AG), Blackmores Ltd., Herbalife Nutrition Ltd., Otsuka Holdings Co. Ltd., Pfizer Inc., Reckitt Benckiser, Suntory Holdings Limited (Kotobuki Realty Co. Ltd.), and Unilever.
  • The global nutricosmetics market is expected to grow due to the increasing utilization of anti-aging products and the rising demand for natural beauty products.

Statistics:

  • The global nutricosmetics market is expected to grow at a CAGR of around 8% during 2021-2026.
  • The market is expected to grow from $1.1 billion in 2020 to $1.9 billion in 2026.
  • By 2026, the market is expected to register a market size of 1.9 billion, growing at a CAGR of around 8% during the forecast period.

Sources:

  • "Nutricosmetics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report by ResearchAndMarkets.com.
  • M2 Communications.
  • Various press releases and articles from key companies mentioned in the report, including Amway, BASF SE, Bayer AG, Beiersdorf (Maxingvest AG), Blackmores Ltd., Herbalife Nutrition Ltd., Otsuka Holdings Co. Ltd., Pfizer Inc., Reckitt Benckiser, Suntory Holdings Limited (Kotobuki Realty Co. Ltd.), and Unilever.

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