Tuesday, 2 February 2021

Nutricosmetics Market to Witness Astonishing Growth by Forecast 2020-2027

Transparency Market Research has come up with a new report titled “Nutricosmetics Market”, which forecasts that the market would expand at 8.5% CAGR over the period of forecast from 2019-2027. The global nutricosmetics arket is estimated to be valued at US$ 8,571.5 mn by the end of 2027.

Consumer awareness regarding the ill-effects of synthetic chemicals used in popular cosmetic skin care products are driving them to opt for nutricosmetics. Emerging markets in the Asia Pacific region and South America whose income levels are rising are expected to witness high growth rate in the demand for skin care products. This is due to a rise in disposable income. Developing countries such as Chile and Uruguay are witnessing a rise in average spending on nutricosmetics products.

Consumer rising preference towards a healthier and better lifestyle coupled with usage of natural products including barks, roots, and green tea in skin care product is escalating the demand for global nutricosmetics market. Some of the prominent players that are operating sucessfully in the global nutricosmetics market comprise names like The Coca-Cola Company, E.l.Du Pont De Nemours and Company, Cargill Incorporated, L’Oreal SA, and Nestle S.A. 

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Rising demand of personalized cosmetic skin care products, wherein manufacturers take into account specific details of individuals such as weather, skin type, pollution levels where they live, and a myriad other details to ensure that the product is compatible with and effective on the user’s skin.

Use of Cannabidiol (or CBD)

Cannabidiol is one of the 80 compounds called cannabinoids extracted from the cannabis sativa plant. CBD is known to treat dry skin, psoriasis, and eczema and is being used in many beauty products. CBD also offers anti-inflammatory and moisturizing properties, which is increasing its popularity as an ingredient in cosmetic skin care products. It was earlier part of a niche category of skin care products. It is now entering the mainstream with a number of brands, established and upcoming, launching products containing the ingredient.

The TMR report on the global nutricosmetics market is based on a complete and comprehensive evaluation of the market backed by secondary and primary sources. The competitive scenario of the global nutricosmetics market is supported by an assessment of different factors that influence the market on a minute and granular level. By thoroughly analyzing the historical data and current trends, researchers of the global nutricosmetics market arrive at predictions and estimations, and calculate the forecast for the market.

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The report uses an analytical triangulation method to estimate the numbers and figures of the global nutricosmetics market with both bottom-up and top-down approaches.

The detailed assessment of the global nutricosmetics market, along with an overview of the landscape is provided based on a careful examination of the avenues related to this market. Analysts’ conclusions on how the global nutricosmetics market is set to grow are based on carefully vetted primary and secondary sources.

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