Growing Demand for "Antiaging" Products

Projections are that the nutraceutical and nutricosmetics industry will grow at rates of between 10% and 12% in the next five years.

Tuesday, August 19, 2014

From a statement issued by the Foreign Trade Promotion Office of Costa Rica (Procomer):

The global market for nutraceuticals continues to grow and forecasts also indicate that one of the key elements which will drive the market, according to sources such as Datamonitor, Mintel, TechNavio, Transparency, Global Industry Analysts and Research & Markets, is the increase in the population advanced in age, which results in increased demand for anti-aging and types of nutricosmetics which combat hair loss.

TechNavio predicts the nutricosmetics industry will grow at an average annual rate of 9.76% in the period 2013-2018, while Datamonitor, in a report published in October 2013 entitled "The Future of Nutri" is even more positive, with expectations of growth of between 10% and 12% a year, reaching a value of between 5 and 6 billion USD by 2018.

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