Global Nutricosmetics Market to Reach US$4.24 Billion by 2017, According to a New Report by Global Industry Analysts, Inc. (amazon) (shopzilla)

San Jose, CA (PRWEB) October 04, 2011

Follow us on LinkedIn – Nutricosmetics is the intersection between nutrition and personal care and is rapidly emerging as the most lucrative segment of cosmetics industry across the globe. As wellness and medical science becomes interwoven in the aesthetics industry, consumers are increasingly embracing nutricosmetics for promoting external beauty and optimizing total health. At a time when conventional cosmetics and food companies are facing the challenge of understanding the customer needs, nutricosmetics provides the ideal solution. Increasing awareness among consumers, ageing population, inclination towards less invasive beauty treatments, emergence of the spa culture, and environmental and societal concerns are expected to encourage robust growth in future. Nutricosmetics ingredients, comprising of vitamins, antioxidants, PUFAs and specific carotenoids is a rapidly growing category within the industry, and opens new doors of opportunity in immediate future. The niche market for Nutricosmetic Ingredients is driven by the correlation between ever-dynamic consumer requirements and constantly expanding application areas.

The nutricosmetics market finds several disparities across various regions worldwide, each determined by their unique set of drivers, regulations, consumer preferences and commercial dynamics. Currently, Japan and Europe represent leading countries, collectively accounting for a massive share of the global market. Over the last few years, nutricosmetics has been gradually gaining acceptance in the North American market, although it is still one of the smallest markets in terms of size. Regulatory norms pertaining to beauty supplements also vary across countries. In the US, such products are categorized as dietary supplements and the FDA provides no clear legal definitions. In Europe, nutricosmetics falls under both medicinal and food law, and ambiguity persists about which law is applicable. Currently, the regulatory system (FOSHU legislation) in Japan is most favorable for introduction of nutricosmetics products. The country has an established system in place for approving nutricosmetic and functional products. Worldwide, use of illegal ingredients backed by deceptive, spurious product claims, is still the most important concern that needs to be addressed by establishment of effective regulatory mechanisms.

The nutricosmetics products are primarily targeted at women aged 40 or above since the group is particularly concerned about health and wellness. However of late, the products are also gaining popularity among younger women in the age group of 25-35, due to cosmetic benefits and environmental concerns. Nutricosmetics market, hitherto specifically and heavily focused towards women consumers is now changing track and also looking at the hugely unpenetrated and high potential market for male health and grooming products. While the products formulated for managing age-related issues occupy the largest share of the beauty drinks market, drinks promoting the overall skin radiance have also gained acceptance. Tablets, capsules, gels and drinks are some of the most prevalent ingestion modes available in the market.

Europe represents the single most influential market for nutricosmetics products, as stated by the new research report on Nutricosmetics. The European market has a well-entrenched legal structure for medical/health and food products, and nutricosmetics market is primarily concentrated in the developed markets of France, Germany, UK, Italy and Spain, where anti-aging products largely drive sales. The US nutricosmetics market, although still in an evolving and nascent stage, offers tremendous expansion potential at a CAGR of 14.8% through 2017. Nutricosmetics marketed in the country primarily focus on issues such as outer beauty, weight loss, skin whitening and anti-aging.

Key market participants profiled in the report include, 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, Inn

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    Global Herbal Supplements and Remedies Market to Reach US$107 Billion by 2017, According to New Report by Global Industry Analysts, Inc. (amazon) (shopzilla)

    San Jose, CA (PRWEB) March 07, 2012

    Follow us on LinkedIn The global herbal supplements and remedies market exhibited robust growth over the decade, with little or apparently no significant decline on account of the recent economic recession. The factors that fueled growth in the market include widespread acceptance of functional foods, rise in consumer confidence to include herbs in preventive health and alternative medicine regimens, supplier innovations, and the much awaited release of Current Good Manufacturing Practices (CGMP) for dietary supplements by FDA. The global market, infact, exhibited steady growth during the crisis-ridden period of 2008-2009 and beyond. The importance of healthy diet and good lifestyle dominated the minds of consumers, which could not be dampened even by the financial meltdown witnessed in almost every sector worldwide. In fact, the recession has actually prompted increased preference for dietary supplements. Escalating prices, tighter budgets and high healthcare and lifestyle costs, have actually driven consumers towards the more economical, healthier and safer option of alternative medicine and dietary supplements, to get relief from physical and mental disorders.

    Presently, the market for herbal supplements varies by region based on factors such as consumer awareness, product availability, and forms of delivery, product acceptance, and regional regulations. In the US and Europe, herbal medicines represent a major share of the pharmaceutical market and are included in the regular medical practice. However, the market is highly regulated and extremely difficult to enter, as companies need to pass through rigorous tests before mass production. In countries such as France, Germany, UK and India, herbal supplements along with pharmaceuticals, are sold in drugstores.

    Europe is the largest region for herbal supplements and remedies, as stated by the new market research report on Herbal Supplements and Remedies, accounting for the largest share of the world market. Asia-Pacific and Japan make up the other important markets for herbal supplements on a global basis. In terms of growth rate, the Asia-Pacific market, led largely by China and India is set to pave the way with the highest CAGR of 10.5% through 2017. In terms of the product segments, Multi-Herbs dominates as the largest segment, capturing a significant share of the overall herbal supplements and remedies market worldwide. The segment is also forecast to race ahead of the other markets at the fastest compounded growth rate of 9.15% over the analysis period. Soy and Specialty Herbs are also expected to display strong growth potential in future.

    Women, particularly in the middle-aged bracket, form the major consumer group owing to rising health-consciousness, increased concern for diet, and enhanced attention towards preventive healthcare. Over the years, several manufacturers of herbal supplements have emerged with various alternative therapies to relieve women from widely seen problems such as menopause, insomnia and hot flashes. Baby boomers represent another major consumer group for herbal supplements and remedies.

    A major trend engulfing the marketplace is the rising demand for natural health and food supplements. Fish oils, herbal supplements and other natural offerings such as probiotic acidohiplus and detoxes are emerging as alternatives to conventional synthetic supplements. There is also a substantial increase in the sale of food supplements, despite the slow economy, as large numbers of consumers perceive food supplements as an anti-medicinal, low-cost alternative to lead a healthy life style. Food supplements including omega-3s, herbal extracts, multivitamins, probiotics, chondroitin and glucosamine experienced healthy growth rates despite the economic downturn. Another major trend observed in the market is a shift from single ingredient market to multiple ingredient-based medications for a particular condition. There is also an increased demand for herbal and botanical products in multi formula and combo packed format, as well as for chewable capsules and tablets.

    Key market participants profiled in the report include Arizona Natural Products, Arkopharma SA, Bio-Botanica Inc., Blackmores Ltd., Emami Ltd., Emerson Ecologics, LLC, Himalaya Drug Co., Imperial Ginseng Products Ltd., Indfrag Ltd., International Vitamin Corp. [IVC], Natrol Inc., Natures Answer, Nature’s Sunshine Products, NBTY Inc., Sundown Nutrition, Nutraceutical International Corp., Pharma Nord APS, Pharmaton Natural Health Products, Pharmavite

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