Market Overview:
• Cosmetic products derived from all-natural food-based ingredients are referred to as food-based cosmetics. The range of food-based ingredients include fruits, vegetables, nuts, milk, and many others. Food products have always been active in cosmetic preparations owing to their nutritious content. The detoxifying properties of these staple foods increased their adoption as an active ingredient in the cosmetics industry.
Market Dynamics:
• The potential health benefits of healthy food on skin is the primary factor driving the adoption of food products in cosmetic formulations. Consumers across the globe have an interesting perception that healthy food is also good for their beauty. Scientific evidences related to the detoxifying effect of fruits and vegetables is motivating their use as beauty aids, thus driving the growth of food based cosmetics market. The rising awareness towards long term issues associated with use of chemical filled cosmetics is also motivating consumer shift towards food based beauty products.
• Ageing population, rising pollution, and rising living standards are the other factors responsible for the growth of food-based cosmetics market. Fruits such as grapes, blueberries, apples, and pomegranates are increasingly in interest of older population owing to their anti-aging properties and thus increasing their use potential in cosmetics. However, concerns related to safety of raw materials procured is the key factor hindering the growth of food-based cosmetics market. The use of fruits and vegetables that are grown in inorganic farming practices causes severe toxicity in the products.
Market Segmentation:
• The global food based cosmetics market has been segmented by product type into skin care, hair care, color cosmetics, and others. Skin care evolved as the largest category of food based cosmetics market owing to high consumer demand for eye creams and moisturizers derived from fruits and vegetables. Evolution of mushroom based anti-aging creams, Avocado based lip balms, fruit based cleansers are supporting the segment growth.
• By geography, the study is segmented into North America, South America, Europe, Asia Pacific, Middle East and Africa. Asia Pacific evolved as the largest market for food based cosmetics owing to the well-established market for cosmetic products and demand for natural products in countries such as China, India, South Korea, and Singapore. According to the investor presentation 2018 of L'Oréal S.A., Asia Pacific region accounted for a share of 55% in the global skincare market.
Company Profiles
Some of the key players in the market are
• YESTO, INC, I
• ntelligent Nutrients, Inc.,
• 100% PURE,
• SkinFood,
• and Ren Skincare
• Others
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