Market Size of North America Nutricosmetics Industry
| 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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 Size Summary
The North American nutricosmetics market is experiencing significant growth, driven by factors such as rising healthcare costs, an aging population, and the prevalence of chronic health conditions. Consumers are increasingly shifting towards healthier lifestyles, including veganism and organic food consumption, which is boosting the demand for naturally-developed nutricosmetics. Despite these positive trends, the market faces challenges due to American consumers being less health-conscious compared to other developed nations, leading to limited success for some companies that struggle with distribution through traditional channels like pharmacies. Antioxidants play a crucial role in nutricosmetics, with ingredients such as carotenoids and polyphenols being highly sought after for their anti-aging properties. These are sourced from various natural products, and their incorporation into herbal supplements is a growing demand in the region.
The popularity of fortified and functional foods is on the rise, particularly among health-conscious consumers, which is increasing the use of carotenoids by major food companies. Nutricosmetic manufacturers are leveraging natural ingredients like fruit extracts and polyunsaturated fatty acids to enhance the appearance of skin, nails, and hair. Beauty drinks, in particular, are gaining traction as a palatable option, driven by the need for preventive healthcare and the aging population in developed countries. In the United States, there is a reluctance to consume ingestible products from cosmetic brands, presenting an opportunity for food and beverage manufacturers to enter the market with fortified products. In Canada, the demand for health and beauty products among both the aging population and young adults is providing a platform for manufacturers to innovate and meet the growing market demand.
North America Nutricosmetics Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Force Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Product Type
-
2.1.1 Skin Care
-
2.1.2 Hair Care
-
2.1.3 Nail Care
-
-
2.2 Form
-
2.2.1 Tablets and Capsules
-
2.2.2 Powder and Liquid
-
2.2.3 Gummies and Soft Chews
-
-
2.3 Distribution Channel
-
2.3.1 Supermarkets/Hypermarkets
-
2.3.2 Drug Stores/Pharmacies
-
2.3.3 Specalist Stores
-
2.3.4 Online Retail Stores
-
2.3.5 Other Distribution Channel
-
-
2.4 Geography
-
2.4.1 United States
-
2.4.2 Canada
-
2.4.3 Mexico
-
2.4.4 Rest of North America
-
-
North America Nutricosmetics Market Size 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.
