According to a new research report from Global Market Insights Inc., the market value of nutritional cosmetics is expected to exceed $13.7 billion by 2030, registering a CAGR of 8.1% from 2022 to 2030.
Consumers are increasingly aware of ingestible beauty products and ingredients such as collagen and understand how these products benefit their hair, skin and nails.
Multivitamins and collagen, among other nutritional cosmetics, are becoming an integral part of the diet in regions such as Europe, North America and Japan, says the report. I prefer supplements and natural ingredients.
Nearly 75% of Americans were taking dietary supplements in 2021, according to the Council for Responsible Nutrition. These factors contribute to the surge in demand for safe and effective cosmetic supplements, the report said.
The gummies and soft chews segment is projected to grow at a CAGR of over 7.7% by 2030.
Supplements that claim to provide “beauty from the inside” are often made with vitamins, omega-3 fatty acids, carotenoids, and more.
Consumers are increasingly aware of the health benefits of omega-3 fatty acids, including anti-inflammatory properties. This ingredient also helps prevent dryness, dullness, and premature skin aging.
The omega-3 fatty acid segment will account for over 11.8% of the nutritional cosmetics market share in 2021 and will be impacted by new product launch initiatives. For example, in November 2019, BASF’s Nutrition and Health Division announced a collaboration with his Ideogen to introduce an omega-3 fatty acid solution called “Hepacol” in Switzerland.
The nail care segment accounted for 8% of the nutritional cosmetics market share in 2021. This is due to the increasing emphasis on maintaining healthy nails, especially among the younger generation.
Nutraceuticals designed for nail care are also very economical. By 2030, the industry share will increase further due to the increase in beauty-conscious consumers and lifestyle changes.
Lumiti is shown above. Its gorgeous packaging makes it look more like a beauty product than a supplement.