Market Size of South America Nutricosmetics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.52 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Nutricosmetics Market Analysis
The South America nutricosmetics market is anticipated to grow at a CAGR of 4.52% for the forecast period 2020-2025.
- The market is expected to witness strong growth, owing to increasing awareness among consumers about the health benefits of nutricosmetics particularly in the anti-aging products, which is driving the South American market forward. The expanding retail landscape and establishments of several distribution modes, has augmented the growth of the nutricosmetics market in the region.
- Consumers in South America have a greater understanding of the relationship between diet and health, which is fueling the growth in the industry. Besides, increasing purchasing power of the middle-class population is triggering the growth of the nutricosmetics market.
South 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 South 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. By geography, the market is segmented into Brazil, Argentina, Colombia, and the rest of South American countries. 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 | |
| Brazil | |
| Argentina | |
| Colombia | |
| Rest of South America |
South America Nutricosmetics Market Size Summary
The South America nutricosmetics market is poised for significant expansion, driven by a growing consumer awareness of the health benefits associated with these products, particularly in the anti-aging segment. This awareness is bolstered by an increasing understanding of the connection between diet and health among South American consumers, which is further fueling market growth. The region's expanding retail landscape and diverse distribution channels are also contributing to the market's upward trajectory. The rising purchasing power of the middle-class population is another key factor propelling the industry forward, as consumers seek products that promote beauty from within. Nutricosmetics, available in forms such as gelatin capsules and juice blends, are gaining popularity due to their oral application and the promise of visible aesthetic benefits, including skin aging prevention and hair strengthening.
Brazil, as a major consumer of cosmetics, is particularly influential in the nutricosmetics market, with its population increasingly seeking natural ingredients and healthier lifestyle choices. This trend has led to the perception of nutricosmetics as an extension of traditional beauty treatments, prompting local companies to introduce a variety of products. Notable players in the market, such as Beiersdorf AG, Herbalife International of America, Inc., NATURA &CO, and Dermage, are strategically positioning their offerings to capitalize on this growing demand. The market's competitive landscape is expected to be driven by a diverse product portfolio and strategic marketing efforts, particularly in retail channels like supermarkets and convenience stores.
South America Nutricosmetics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Skin Care
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2.1.2 Hair Care
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2.1.3 Nail Care
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2.2 Form
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2.2.1 Tablets and Capsules
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2.2.2 Powder and Liquid
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2.2.3 Gummies and Soft Chews
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2.3 Distribution Channel
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2.3.1 Supermarkets/Hypermarkets
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2.3.2 Drug Stores/Pharmacies
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2.3.3 Specalist Stores
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2.3.4 Online Retail Stores
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2.3.5 Other Distribution Channel
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2.4 Geography
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2.4.1 Brazil
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2.4.2 Argentina
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2.4.3 Colombia
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2.4.4 Rest of South America
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South America Nutricosmetics Market Size FAQs
What is the current South America Nutricosmetics Market size?
The South America Nutricosmetics Market is projected to register a CAGR of 4.52% during the forecast period (2024-2029)
Who are the key players in South America Nutricosmetics Market?
Beiersdorf AG, Herbalife International of America, Inc. , Amway Corp., NATURA &CO and Dermage are the major companies operating in the South America Nutricosmetics Market.
