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Industry Sector |
Consumer Goods |
Published |
23 November 2011 |
Author |
Mike King |
Type of News |
General |
The nutricosmetics market is heavily affected by regulations pertaining to beauty supplements which vary widely across countries. Japan and Europe represent the leading markets in terms of consumer demand for nutricosmetics products and developments. In the US for instance, nutricosmetics have slowly been gaining acceptance although it represents a very small market compared to other countries. In the US, nutricosmetics are categorised as dietary supplements and the FDA provides no clear legal definitions. In Europe, nutricosmetics falls between both medicinal and food law which causes confusion when attempting to assign laws and regulations. One of the main reasons for Japan seeing strong take-up of nutricosmetics is that the FOSHU legislation is relatively favourable for the introduction of nutricosmetics products.
By the end of 2017, the market is forecast to be valued at US$4.24 billion as consumers gain awareness about balanced diet for outer and inner beauty solutions. Nutricosmetics is inherently targeting the older woman aged 40 years and above; a population sector which is growing in size. In addition, nutricosmetics are also being adopted by the younger generation which is a good sign for the longevity of the products being marketed.
Consumers are seeking less invasive beauty treatments with the emergence of the "spa culture" and environmental and societal concerns expected to encourage further growth in the nutricosmetics market. Nutricosmetics include ingredients such as vitamins, antioxidants, PUFAs and specific carotenoids.
Nutricosmetics products are largely targeted at women aged 40 or above being particularly concerned about health and wellness. However, younger women between the ages of 25 and 35 are also becoming interested due to their environmental concerns and the benefits from a cosmetic perspective. The nutricosmetics market is now targeting a relatively untapped market for male health and grooming products.
The leading players in the nutricosmetics market are Borba, Inc., Carotech Bhd., Cognis, Denomega Nutritional Oils, Frutarom Industries Ltd, Ferrosan A/S., Frutels LLC, Functionalab, GliSODin Skin Nutrients, Husumer Mineralbrunnem HMB GmbH & Co. K.G, Innéov, Lonza Group Ltd., Laboratoire Oenobiol SA, LycoRed Ltd., Martek Biosciences Corp., Nutrilo GmbH, NV Perricone LLC, Shiseido Co., Ltd., and Solgar, Inc.
For more information on the nutricosmetics market, please click the following link: http://www.companiesandmarkets.com/Market-Report/nutricosmetics-a-global-strategic-business-report-729060.asp
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