North America Nutricosmetics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.85 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Nutricosmetics Market Analysis
The North American nutricosmetics market is anticipated to witness a CAGR of 8.85% during the forecast period (2020-2025).
- Increasing healthcare costs, obesity, aging population, and chronic health conditions are the key factors driving the sales of nutricosmetics products.
- The shift of the consumers toward healthier consumption habits, like veganism and organic foods, is promoting the use of naturally-developed nutricosmetics in the region.
- However, American consumers are generally less health-conscious than their counterparts from the other developed countries. Thus, due to the lack of sales through streamlined distribution channels like pharmacies, many companies have witnessed minimal success in the market and have reconsidered the existence of their products.
North America Nutricosmetics Market Trends
Herbal Supplements are Expected to Foster the Growth of the Market
Among the ingredients used in nutricosmetics, antioxidants are the most crucial ones. As free-radical scavengers, they prevent the oxidation of cell compounds, which is generally considered one of the main mechanisms of premature aging. The best-known antioxidants are carotenoids (beta-carotene, lycopene, lutein, zeaxanthin, and astaxanthin) and polyphenols (anthocyanidins, catechins, flavonoids, tannins, and procyanidins, such as Pycnogenol). Its sources include tomatoes, fungi, algae, tea leaves, grape seed, citrus fruits, and berries. The incorporation of antioxidants in herbally-produced supplements is the demand of the region and therefore, several manufacturers are trying to develop herbal solutions for various issues.
The Demand for Fortified Foods is Rising
Fortified and functional foods are becoming more popular among health-conscious consumers, leading to the higher uptake of carotenoids among major food companies. Carotenoids are known to have many antioxidant properties. Many nutricosmetic manufacturers use natural ingredients, such as fruit extracts and PUFA, which when ingested, can enhance the appearance of skin, nails, and hair. Among all the ingestible and topical combination products within the industry, beauty drinks are proving to be a highly palatable option. The major reasons for the increased demand for beauty drinks include increasing prevalence of lifestyle diseases and people consciously taking preventive healthcare measures. In addition, the market for beauty drinks is predominantly driven by the standard consumer shift toward preventive skincare, with the increasing aging population in the developed countries of the region.
North America Nutricosmetics Industry Overview
In the United States, the consumers dislike consuming ingestible products from cosmetic brands. Therefore, food and beverage manufacturers consider nutricosmetics to be a good opportunity to enter the nutricosmetics market with their fortified food products that provide similar benefits like nutricosmetics. The Canadian market is driven by increasing demand for health and beauty products like supplements and drinks among the aging population and young adults. Hence, the manufacturers have a great platform to exhibit their research and innovation and come up with unique remedies to cater to the fueling demand of the nutricosmetic market.
North America Nutricosmetics Market Leaders
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Amway
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Herbalife International, Inc
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General Nutrition Centers, Inc.
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Beiersdorf AG
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Shiseido Co.,Ltd.
*Disclaimer: Major Players sorted in no particular order
North America Nutricosmetics Market News
- In April 2023, Biosil launched several vegan formulations such as Biosil Advanced Hair and Nail Care, Biosil Healthy Aging, and Biosil Collagen Generator Plus with updated packaging. The new products contain the brand's signature ch-OSA boosted with additional powerhouse ingredients, such as vitamin C, biotin, and selenium as per the company claims.
North America Nutricosmetics Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Force Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Skin Care
- 5.1.2 Hair Care
- 5.1.3 Nail Care
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5.2 Form
- 5.2.1 Tablets and Capsules
- 5.2.2 Powder and Liquid
- 5.2.3 Gummies and Soft Chews
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5.3 Distribution Channel
- 5.3.1 Supermarkets/Hypermarkets
- 5.3.2 Drug Stores/Pharmacies
- 5.3.3 Specalist Stores
- 5.3.4 Online Retail Stores
- 5.3.5 Other Distribution Channel
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5.4 Geography
- 5.4.1 United States
- 5.4.2 Canada
- 5.4.3 Mexico
- 5.4.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Amway Corporation
- 6.3.2 Herbalife International Inc.
- 6.3.3 General Nutrition Centers Inc.
- 6.3.4 Beiersdorf AG
- 6.3.5 Shiseido Co. Ltd
- 6.3.6 Vital Proteins LLC
- 6.3.7 JuiceDelivery LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
North America Nutricosmetics Industry Segmentation
Nutri cosmetics are products that combine aspects of nutrition and cosmetics. these products are designed to improve or enhance the appearance and health of skin, hair, and nails. The North American Nutri cosmetics market is segmented by product type, form, distribution channel, and geography. The product type segment is sub-segmented into skin care, hair care, and nail care. Based on forms, the market is segmented into tablets and capsules, powder and liquid, and gummies and soft chews. By distribution channel, the market is segmented into supermarkets/hypermarkets, pharmacies/drug stores, specialist stores, online retail stores, and other distribution channels. The market is also differentiated by geography, into the United States, Canada, Mexico, and the rest of the North American region. For each segment, market sizing and forecasts have been done based on values in USD million.
| Product Type | Skin Care |
| Hair Care | |
| Nail Care | |
| Form | Tablets and Capsules |
| Powder and Liquid | |
| Gummies and Soft Chews | |
| Distribution Channel | Supermarkets/Hypermarkets |
| Drug Stores/Pharmacies | |
| Specalist Stores | |
| Online Retail Stores | |
| Other Distribution Channel | |
| Geography | United States |
| Canada | |
| Mexico | |
| Rest of North America |
North America Nutricosmetics Market Research FAQs
What is the current North America Nutricosmetics Market size?
The North America Nutricosmetics Market is projected to register a CAGR of 8.85% during the forecast period (2024-2029)
Who are the key players in North America Nutricosmetics Market?
Amway, Herbalife International, Inc, General Nutrition Centers, Inc., Beiersdorf AG and Shiseido Co.,Ltd. are the major companies operating in the North America Nutricosmetics Market.
What years does this North America Nutricosmetics Market cover?
The report covers the North America Nutricosmetics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Nutricosmetics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Nutricosmetics Industry Report
Statistics for the 2024 North America Nutricosmetics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Nutricosmetics analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
