A report released by Polaris Market Research “Nutricosmetics Market: Global Industry Analysis and Opportunity Assessment, 2018 – 2026” discusses the trends in the Nutricosmetics market. It states that the market will be worth US$ 14.12 billion by 2026 and is anticipated to grow at a CAGR of 11.43% during the forecast period.
Nutricosmetics are oral supplements used for maintaining skin health. Major factors in the growth of this market are the growing consumer interest in case of personal care, and an increased disposable income in key areas. In particular, Europe possessed the largest market for this sector in 2017 and is expected to remain so across the forecast period.
In terms of recent trends, the report states that the demand for collagen as an ingredient will remain high throughout the period. Collagen supplements are produced from the bones, skin, and connective tissue of animals, including cattle, fish, horses, pigs, or rabbits. As the vegan population grows, as does the demand for natural alternatives for collagen.
In response to this demand, manufacturers are increasingly making efforts to use vegan-friendly ingredients such as bamboo silica, gooseberry extracts, and white tea antioxidants in the production of nutricosmetics.