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The Global Nutracosmetic Market size is expected to reach $5.6 billion by 2028, rising at a market growth of 7.8% CAGR during the forecast period

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New York, Aug. 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Nutracosmetic Market Size, Share & Industry Trends Analysis Report By Ingredient, By Application, By Demographic, By Distribution Channel, By Regional Outlook and Forecast, 2022 – 2028” – https://www.reportlinker.com/p06315036/?utm_source=GNW
These products are designed to promote hair growth, stop hair thinning, and increase hair volume. Nutraceuticals for nails are now readily available and assist to strengthen them & stop breaking. Both supplement & liquid forms of these items are used for consumption. Omega-3 fatty acids, probiotics, lutein, as well as vitamins (A, B6, and E) are a few of the main components of nutracosmetics.

These substances work as antioxidants by limiting and neutralizing the impacts of free radicals, giving skin anti-inflammatory defense against UV radiation. The growing interest in healthy aging is a significant driver of the worldwide nutracosmetics market’s expansion, particularly among women. Another important factor driving the growth of nutracosmetic market is the growing popularity of nutracosmetics among older people. Demand for nutracosmetics is also fueled by the rapidly aging population base & rising health and wellness consciousness.

Nutritional cosmetics are now an essential part of people’s daily lifestyles. Additionally, one of the main factors influencing the usage of nutracosmetics on the international market is the rise in consciousness about both internal and exterior attractiveness. In addition to women, males are now increasingly incorporating nutracosmetics into their daily routines, which is resulting in market expansion. Consequently, the expansion of the market is a result of changing lifestyles. Furthermore, women use nutracosmetics products extensively because they want to flaunt healthy, radiant skin, which boosts the market’s growth. Additionally, it is predicted that throughout the forecast period, demand for herbal as well as natural skin nutracosmetics products will rise significantly.

COVID-19 Impact Analysis

Exporters in both developing, as well as developed countries, are facing a multitude of difficulties as a result of the coronavirus pandemic. The difficulties faced by exporters of nutracosmetics ingredients are anticipated to persist as governments and states strive to combat COVID-19 on a worldwide scale. Curfew implementation and the worldwide practice of keeping social distance have an impact on domestic as well as foreign manufacturing, which in turn slows market growth. As a result, the growth of nutracosmetic market was hampered by the COVID-19 outbreak.

Market Growth factors

Rising Spendable Income Of The Consumers

Consumer disposable income is rising in several countries throughout the world. As a result, people are spending a lot of money on a variety of high-end products and cosmetics. Additionally, there is an increasing worldwide need for a wide range of cosmetic products. Customers are also choosing organic cosmetics like probiotics due to rising living standards and large expenditures made to improve their personalities & appearance. Due to the rising professionalism and number of working women around the world, both men’s and women’s desire for cosmetics will rise.

Growing Interest In The Inside-Out Approach To Beauty

Customers are increasingly realizing that external skin care products aren’t as effective as internal beauty enhancers designed specifically for the skin, hair, & nails to enhance and preserve beauty from the inside out. While encouraging natural and non-invasive measures against premature hairline receding, accelerated aging, as well as other skin-related concerns, consumer knowledge about the health advantages of balanced nutrition & supplementation is growing.

Market Restraining Factors

Lack Of Awareness Among Population

Besides having a number of benefits, the demand for nutracosmetics is expected to slow down because of the lack of consumer knowledge regarding the availability as well as advantages of nutracosmetics. The lengthier time of the product’s outcomes for effective results is expected to cause more hurdles for the nutracosmetics market over the forecast period. The lack of customer trust in these products as a result of their recent availability has made it difficult for the nutracosmetics sector to expand. In underdeveloped nations, people are not much aware of the existence of such products due to a lack of resources.

Application Outlook

Based on application, the nutricosmetic market is segmented into skin care, hair care, and nail care. The skin care segment dominated the nutracosmetic market by generating maximum revenue in 2021. The skincare segment is expanding because of offers that support professionally studied active ingredients as well as a preventive, holistic, & environmentally concerning philosophy. Moreover, new components for healthy skin, such as pycnogenol & lycopene, are entering the skin care market for nutracosmetics.

Demographic Outlook

On the basis of demographic, the nutricosmetic market is fragmented into male and female. The male segment generated a substantial revenue share in the nutracosmetic market in 2021. The growth of the market in this segment can be attributed to the fact that many men prefer the thought of taking a pill or a supplement to address their skin care needs may be because of cultural pressures on males to adopt a practical, problem-solving mindset. Men want solutions that are well-positioned & clearly communicate the answer to their unmet needs.

Ingredient Outlook

By ingredient, the nutricosmetic market is divided into carotenoids, probiotics, vitamins and others. The probiotics segment covered a significant revenue share in the nutracosmetic market in 2021. Live bacteria known as probiotics have beneficial effects on the skin and digestive system. Probiotics are recognized for their relaxing properties & are effective for the skin. The market for probiotic cosmetic products may experience exponential growth due to rising knowledge about aesthetics, wellbeing, and health.

Distribution Channel Outlook

Based on distribution channel, the nutricosmetic market is classified into hypermarket and supermarket; specialty stores; pharmacies & drug stores; online sales channel and others. The online sales segment acquired a promising revenue share in the nutracosmetic market in 2021. This is because of the increasing penetration of the internet and the influence of social media all over the world. Also, the sale in this segment is increasing as various online distribution channels offer products from a wide range of brands with different prices which consumer can compare and then can choose the most suitable one for them.

Regional Outlook

Region wise, the nutricosmetic market is analyzed into North America, Europe, Asia Pacific and LAMEA. The Europe region led the nutracosmetic market with the highest revenue share in 2021. In Europe, the nutracosmetic are increasingly demanded in the nations such as the UK and Italy. It is anticipated that Italians will continue to prefer skin care products with natural ingredients and active ingredients; another attribute that is highly desired is the product’s ease of use and absorption.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BASF SE, Amway Corporation, Pfizer, Inc., GlaxoSmithKline PLC, Blackmores Limited, Shiseido Company, Limited, Suntory Holdings Limited (Kotobuki Realty Co., Ltd.), and KORA Organics by Miranda Kerr Pty Ltd., Herbalife nutrition Ltd., and GNC Holdings, LLC

Strategies deployed in Nutracosmetic Market

Mar-2022: Shiseido launched Ule, a clean beauty brand. Through this launch, the company aimed at expanding its skin care beauty segment to 75% of its sales in 2022. It is in line with the clean & sustainable beauty care line-up like Drunk Elephant & Baum. In addition, Ule is a part of the pump its sustainability-driven beauty product line-up.

Nov-2021: Kora Organics partnered with Amazon, an American multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. The partnership aimed at launching its skincare brand along with its holiday gift guide. This partnership would serve as an opportunity to bring the company’s certified organic skincare to even more consumers across the world.

Nov-2021: Shiseido unveiled Inryu, an ingestible beauty supplement brand. The supplement is launched to enhance skin health from the inside. The debut line consists of three products advanced radiance, night ritual+ and laser refine. Inryu was designed by the China business innovation & investment office (CBI), which focuses on the market trends of beauty consciousness & the ingestible beauty market in China.

Jul-2021: Herbalife Nutrition came into a partnership with Lycored, a leader in the research and development of carotenoid and lycopene supplement wellness products. The partnership aimed to use its proprietary nutrient complex in a new Herbalife SKIN product, LycoGlow. In addition, LycoGlow would tap into rising customer demand for ingestible skincare products containing plant-based ingredients rooted in research & sprouted from science.

Sep-2020: Amway released Artistry Studio Skin, a brand of makeup and specialty bath and body products. The product is formulated to absolute perfection & powered by a botanical cocktail of Zen+Energy ingredients. Artistry Studio Skin provides skincare beginners & enthusiasts alike the ability to achieve the look & feel of healthy glowing skin, as well as their own glow-get-it look.

Aug-2019: Pfizer announced a joint venture with GlaxoSmithKline, a British multinational pharmaceutical company. The venture aimed at combining the parties’ respective customer healthcare companies to create the world’s largest over-the-counter (OTC) business with robust iconic brands. The combined portfolio of the companies form the world’s largest OTC business with leadership positions in respiratory, pain relief, & vitamins, minerals and supplements, and therapeutic oral health.

Jun-2019: Amway introduced TRUVIVITY OxiBeauty Nutricosmetic Food Supplement. The product is designed to improve the skin’s natural glow. TRUVIVITY OxiBeauty is a holistic & effective nutricosmetic food supplement with ingredients that support the structure & function of radiant skin including nutrients that help protect against oxidative stress, & the associated cell and tissue breakdown that play an important role in skin aging.

Oct-2018: GNC Holdings introduced Earth Genius, a nature-inspired line of over 40 products. With this move, the company focused on meeting evolving customer demands for more natural ways to supplement, while still providing them with the high-quality ingredients GNC is famous for. The product line spans multiple categories, including energy, immune support, digestive health, beauty, metabolism, relaxation, & exercise performance, with products ranging from vitamins & minerals to superfoods, greens, plant-based proteins, & oils, and vinegar.

Jun-2018: Kora Organic released Noni Glow Skinfood Supplement, a new, potent, nutrient-dense supplement. The product is manufactured to support daily wellness & beauty. The supplement is developed for routine use, and is vegan, gluten- & dairy-free, non-GMO, preservative- & sugar-free, and without artificial flavors or colors.

Scope of the Study

Market Segments covered in the Report:

By Ingredient

• Carotenoids

• Probiotics

• Vitamins

• Others

By Application

• Skin Care

• Hair Care

• Nail Care

By Demographic

• Female

• Male

By Geography

• North America

o US

o Canada

o Mexico

o Rest of North America

• Europe

o Germany

o UK

o France

o Russia

o Spain

o Italy

o Rest of Europe

• Asia Pacific

o China

o Japan

o India

o South Korea

o Singapore

o Malaysia

o Rest of Asia Pacific

• LAMEA

o Brazil

o Argentina

o UAE

o Saudi Arabia

o South Africa

o Nigeria

o Rest of LAMEA

Companies Profiled

• BASF SE

• Amway Corporation

• Pfizer, Inc.

• GlaxoSmithKline PLC

• Blackmores Limited

• Shiseido Company, Limited

• Suntory Holdings Limited (Kotobuki Realty Co., Ltd.)

• KORA Organics by Miranda Kerr Pty Ltd.

• Herbalife nutrition Ltd.

• GNC Holdings, LLC

Unique Offerings

• Exhaustive coverage

• Highest number of market tables and figures

• Subscription based model available

• Guaranteed best price

• Assured post sales research support with 10% customization free
Read the full report: https://www.reportlinker.com/p06315036/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

FinVolution to Hold 9th Global Data Science Competition, Focus on Deepfake Speech Detection in LLM era

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The 9th FinVolution Global Data Science Competition targets deepfake speech detection, tackling the challenge of distinguishing between cloned and authentic voices in the LLM era.The contest is part of the IJCAI 2024 Competitions and Challenges track, encouraging global collaboration and innovation among AI enthusiasts.By integrating LLM-generated fake voices in the test dataset, the competition increases complexity and spurs innovation.SHANGHAI, May 10, 2024 /PRNewswire/ — FinVolution, a leading fintech service provider, launches the 9th FinVolution Global Data Science Competition today, with a focus on “Deepfake Speech Detection.”  The contest is part of the IJCAI (International Joint Conference on Artificial Intelligence) Competitions and Challenges track, a top international AI conference.

As voice synthesis technology continues to evolve, the line between cloned and genuine voices has become increasingly blurred in the era of large language models (LLMs), posing significant challenges to data security and asset protection.
The competition aims to inspire global AI enthusiasts and experts to innovate in combating voice cloning and deepfake scams. Contestants will utilize deep learning technologies to develop models and algorithms based on FinVolution’s test dataset. The competition will include LLM-generated fake voices to elevate complexity and spur innovation.
With a total prize pool of RMB 310,000, the contest will consist of preliminaries, semifinals, and a final, with an aim to authenticate true and false voices. Highest-ranked contestants will attend IJCAI 2024 in Jeju of South Korea, to receive the awards and engage with academic and industry experts. FinVolution proudly sponsors IJCAI 2024.
Tiezheng Li, CEO of FinVolution, stated, “Since its inception nine years ago, the FinVolution Global Data Science Competition has evolved into a widely recognized event in the field of data technology, facilitating technical exchange worldwide. Partnering with IJCAI this year, a top-tier international AI conference, demonstrates our commitment to advancing deep speech recognition technology.”
The Deepfake Challenge
During the preliminaries (May 10 to June 12), participants will design algorithms based on the white-box dataset supplied by FinVolution and submit scoring results to qualify for the semifinals. The dataset primarily comprises voice recordings totaling 20-40 hours.
At the semifinal stage (June 13 to June 28), contenders are expected to refine their algorithms based on the black-box dataset provided by the competition organizer, vying for a spot in the final. The dataset, composed mainly of private data, contains five to 10 hours of recordings.
Participants can register on the official website from May 9 to June 3, to download and view the datasets.
Upholding AI Ethics
Voice cloning has emerged as a major form of telecom fraud, as scammers exploit AI technology to make distinction between genuine and fake voices increasingly tricky.
The competition focuses on safeguarding user privacy and combating fraudulent activities by identifying cloned voices accurately.
Lei Chen, Vice President of FinVolution and Head of its Big Data and AI Division, said, “The applications of Large Language Models far exceed the corresponding detection technology, posing great challenges to information security. We hope to see AI deepfake voice detection technology keep pace with the developments of LLMs, thus safeguarding the data security of the public. With this concept in mind, the FinVolution Global Data Science Competition is not only a platform for technical competition but also an opportunity to explore how AI can better adhere to ethical principles and serve the public.” 
To date, the FinVolution Global Data Science Competition has drawn nearly 10,000 participants globally in total, becoming a widely recognized event in the field of digital financial technology.
Organized annually since 2016, the contest themes have spanned diverse domains, all rooted in real-world fintech business scenarios. These themes range from risk control algorithms, financial data applications, and product development to semantic similarity recognition, asset portfolio cash flow prediction, and credit schemes for small- and micro-sized enterprises.
About FinVolution Group
FinVolution Group is a leading fintech company that connects millions of consumers as well as micro- and small-sized enterprises with financial institutions.
Founded in 2007 and listed on the New York Stock Exchange in 2017, we have been at the forefront of the pan-Asian credit technology industry, pioneering innovative technologies in credit risk assessment, fraud detection, big data, and artificial intelligence. With a proven track record of robust growth in pan-Asian countries, we have established leading fintech platforms in China, Indonesia, and the Philippines.
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Artificial Intelligence

XTEND SECURES $40M TO REDEFINE ROBOTICS WITH AI-POWERED COMMON SENSE

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XTEND and its XOS operating system are unlocking the potential of robots and drones by empowering them with AI and partnering them with humans – providing them with the ‘common sense’ to navigate the unpredictable nature of real-world situations
TEL AVIV, Israel, May 10, 2024 /PRNewswire/ — XTEND, the developer of XOS, an AI-driven operating system that is revolutionizing the way humans interact with drones and robots, today announced its $40M Series B round, led by Chartered Group, with further participation from its existing and new strategic investors, including Clal-Tech. The new funding will further develop XTEND’s proprietary XOS operating system and its application in various time-consuming, dangerous enterprise and security scenarios worldwide. XTEND will also ramp up global sales of its own drones and robotics products.

XTEND provides a revolutionary human-supervised, AI-driven drone and robot operating system that enables operators to perform highly complex and dynamic missions in any environment with minimal training. When drones and robots are controlled by XTEND’s patented XOS operating system – which fuses the best of human intelligence and machine autonomy – it provides a new way for logistics, public safety, inspection, defense, and security professionals to interact with machines effectively from a safe distance. 
XTEND’s team believes that as the use of drones and robots become more prevalent, professional human oversight remains crucial, and therefore developing a seamless collaboration between humans and AI, where each play to their strengths for optimal results, is vital. Aviv Shapira, co-founder, and CEO, explains: “Robots and drones promise to transform everything from factories to our homes. However, a significant hurdle remains – equipping them with the common-sense abilities to deal with the unpredictable nature of real-world situations, understand their surroundings, and make decisions based on that information. XOS uses AI to enable robots to learn from data and experience. Training them to identify objects, navigate complex environments, and interact with humans safely. We are unlocking the true potential of robotics in complex scenarios, including first response, search and rescue, logistics, critical infrastructure inspection, defense, and security.”
“Our XOS operating system is based on “Practical Human Supervised Autonomy” which empowers drones and robots to handle specific tasks autonomously – entering buildings, scanning floors, or even pursuing suspects. However, crucially, it allows the “common sense” decisions – like judging situations or adapting to unforeseen circumstances – to remain in the hands of human supervisors. This human-machine teaming allows our robots to work alongside supervisors, who can manage dozens of robots simultaneously, and learn from that experience. That is why we believe that XOS will become the operating system of choice for anyone looking to maximize their robotic systems’ potential while decreasing the risks posed to their teams’ lives or concerns around lack of human oversight.”
Hundreds of XTEND’s drone and robotics systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and those platforms to deliver the future of human-machine teaming. XOS is hardware agnostic, which allows it to control all sorts of platforms, including third party devices, complement existing technology, or create entirely new systems from scratch. XOS’s open architecture means that it can host applications developed by other companies, too. 
Matteo Shapira, co-founder, and CXO, adds: “Unlike self-driving cars, which operate in a world with mostly known rules and scenarios, XTEND specializes in enabling operations in “hypervariable” environments. Take a last-mile delivery robot. It can navigate autonomously indoors and outdoors but might need human help finding an office building entrance or understanding floor layouts to reach the elevator or stairway. These environments present limitless situations with the potential for the unexpected, requiring human-level decision-making skills specific to each profession. XTEND’s core technology, XOS, is built around this human-machine partnership. We are continually adding new “AI SKILLS” to our system, and those skills will allow robots to handle a growing portion of missions and tasks, freeing up human supervisors to manage more missions simultaneously, at scale.”
Eyal Agmoni, Founder and Chairman of Chartered Group, said: “We believe that the companies bringing the value of AI to massive and complex industries, such as robotics and drone operations, will be the tech giants of the 21st century. Having observed XTEND’s remarkable achievements thus far, we truly believe in the company’s potential to become the world leader in robotics and drone operations, and AI.” 
XOS has been developed for multiple markets, including logistics, public safety, inspection, and security. The U.S. Department of Defense Special Forces and Israel’s Ministry of Defense tier-1 units have also chosen XTEND for multiple multi-million-dollar programs to develop and deliver its systems for operational evaluation, so the company’s technology is already being used by some of the best in the business.
About XTENDXTEND provides revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. The company’s patented XOS operating system fuses the best of human intelligence and machine autonomy to enhance the operator’s abilities, and simultaneously reduce the need for physical confrontation, thereby minimizing casualties and injuries. Hundreds of XTEND’s systems are already operationally deployed worldwide, and the company is continuously developing its XOS operating system and platforms to deliver the future of human-machine teaming to defense, HLS, and security professionals worldwide. Find out more here.
https://vimeo.com/802995851/2554c5485a – this footage shows XTEND’s team using drones and our XOS operating system to help with the recent rescue effort in Turkey. XOS enabled these drones to be operated in unsafe, confined, hard to reach spaces. Utilising additional cutting-edge technology, including robotic arms and thermal cameras, to enhance each drone’s rescue capacity. While this mission was carried out by XTEND’s own team, XOS enables anyone to easily connect and interact within remote environments using drones and other smart machines, without the need for prior knowledge or training.
About Chartered GroupChartered Group is an innovative global private equity firm providing extraordinary global investment funds and opportunities for a greener and more digitalized world across several disciplinaries with its VC of Disruptive Technologies as its cutting edge. Chartered is all about exposing accredited and institutional investors to the most extraordinary global investments and opportunities. As a global private equity firm, Chartered cut through the investment noise to deliver a variety of savvy financial products and services that not only support a greener and more digitalized world but also leverage robust financial returns, one tailored strategy at a time. To learn more please visit www.charteredgroup.com.
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Precisely Continues to Expand Reach and Capabilities for Data Enrichment and Geo Addressing

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New global Address Fabric™ and Property Attributes offerings help customers access unparalleled location-based insights, supercharged by the PreciselyID
BURLINGTON, Mass., May 9, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced further expansions in the global coverage and capabilities of its data enrichment and geo addressing portfolio. New additions to the Address Fabric and Property Attributes products underscore the company’s continued commitment to helping customers easily unlock greater location-based context from their data, enabled by its unique and persistent identifier, the PreciselyID.

Virtually every business worldwide captures and stores address information, with the average large business in the United States now estimated to store over 100 million unique addresses. However, navigating the inherent data integrity challenges is notoriously difficult, as it involves new buildings, changing street names, different country formats, and more.
Expanded Address Fabric Reach
Precisely customers can now access the Address Fabric dataset for Great Britain, France, and New Zealand – providing the most current and comprehensive lists of all known physical addresses across these countries. The new datasets expand Precisely’s existing coverage for the United States, Canada, and Australia.
Address Fabric data is easy to use with any database and analytics environment without needing specific geospatial expertise or tools. Customers can analyze address locations for various applications, including identifying new serviceable addresses, discovering new customers through look-a-like analysis, or selecting a site for new stores or network expansion opportunities.
Comprehensive Property Attributes Information
Precisely also announced the expansion of its Property Attributes products for the United States with 26 new attributes now available via integration with Multiple Listing Service (MLS) data. The MLS database of property listings is used by real estate agents to share information about homes currently on the market, including whether a property is affiliated with a Homeowner’s Association or if it’s considered a rental property.
With the latest updates, Property Attributes products now include over 230 different property information attributes across virtually every county located in the United States, providing a highly comprehensive view of a property and its key characteristics, such as details on land use, square footage, construction materials, and year built.
Address Fabric and Property Attributes leverage best-in-class geo addressing solutions from Precisely to provide the most accurate location information possible. Because each record is appended with a unique PreciselyID that remains persistent even when address elements change, customers can unlock greater value by enriching their data with additional information such as points of interest data, risk factors, demographics data, and much more.
“Precisely continues to be at the forefront of data enrichment and geo addressing solutions, enabling customers where they are on their data journey and supporting them with access to consistent location-based insights across their countries of operation,” said Dan Adams, Senior Vice President and General Manager for Data Enrichment at Precisely. “An essential element of data integrity, our unique PreciselyID makes address management and enrichment simple by eliminating time-consuming data preparation and augmenting insights with rich, relevant context.”  
Precisely is renowned for its expertise in helping customers reveal maximum context from their data, with a comprehensive portfolio that includes over 400 datasets containing more than 9000 attributes. The company also recently joined the Overture Maps Foundation, founded by Amazon Web Services (AWS), Meta, Microsoft, and TomTom, providing guidance on location intelligence and data enrichment to help drive exciting new advancements in geospatial technology.
Learn more about the Precisely portfolio of data enrichment and geo addressing capabilities.
About PreciselyPrecisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
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