Increasing Concerns Regarding Weight Management to Provide Substantial Push to Sales of Nutricosmetics
Over the projected period of 2021–2031, innovative advancements and increasing R&D activities in weight control will cause a significant increase in demand for nutricosmetics products. Obesity rates have increased as a result of the unhealthy and sedentary lifestyles that are common in developed economies. For example, more than one-third of Americans are fat. Obesity also increases the risk of consequences including diabetes and cardiovascular disease. Due to these circumstances, more people are using nutritional items to help them manage their weight.
Additionally, there is a considerable need for weight control nutricosmetics products, particularly in the German market. Juices, flavoured yoghurt, and water make up the majority of these. GELITA, a gelatin manufacturer, recently launched QYRA, which contains bioactive collagen peptides. Additionally, the availability of businesses specialising in cutting-edge solutions along with the demand for nutricosmetics for weight management will support market expansion over the coming years.
According to a recent analysis released by Fact.MR, the market for nutricosmetics is projected to grow at a CAGR of about 5% over the next 10 years.
What is the business strategy to increase the demand for nutricosmetics?
Companies are mostly concentrating on organic growth tactics like new product launches and nutricosmetics innovation.
For instance, Herbalife Nutrition expanded its business in Malaysia in October 2020 by introducing a variety of collagen powders under the skin supplement portfolio.
In 2020, Ajinomoto Health and Nutrition will introduce a product called "Indigo marine collagen powder" for skin rejuvenation.
Companies are expanding their markets for nutricosmetics goods with the use of the aforementioned organic growth tactics. The staff at Fact.MR has also kept track of current company-related happenings, which are included in the complete report.
For more information about this https://www.factmr.com/report/nutricosmetics-market
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