Nuchido Ltd

Product: 
Life Sciences
Status: 
Closed
Sector: 
Cosmeceutical
Aim of funding: 
Seed
HMRC Advance Assurance received: 
Yes

Nuchido Ltd

Description: 

Nuchido Ltd was established to address the growing consumer demand for cosmeceutical products. Cosmeceuticals are the combination of cosmetics and pharmaceuticals, and are cosmetic products with bioactive ingredients that are validated by the science community.  According to The Company’s market research, both ‘savvy’ consumers and major ‘brand’ companies are actively seeking scientifically proven products, where the underlying clinical data can stand up to scrutiny in supporting any product benefit claims.

The Company has built a complement of experienced scientists and physicians who have the necessary skills, experience and medical background to bring the Company’s proposition to market. The team will be leveraging their clinical research backgrounds to add value and credibility to the Nuchido brand.

The Company intends to use their own molecular level expertise in conjunction with the latest ‘cutting edge’ medical discoveries that are attempting to identify the processes that contribute to skin ageing. Specifically, the Company is seeking to develop a range of products to be branded under the title Di Forelli, utilising a range of in-house originated bioactive molecules.

Opportunity: 

In 2013, the global anti-aging market was estimated to be worth US$122.3bn. The anti-aging market is estimated to see a compound annual growth rate of 7.8% between 2013 and 2019 [1]. 

The United States is a key market in the global cosmetic industry, generating estimated revenue of approximately US$62bn in 2016. Many women today use creams in their attempts to slow the ageing process. In 2014, facial anti-ageing skincare products were ranked second among skincare categories, with sales amounting to US$1.15bn [2].  

[1] http://www.transparencymarketresearch.com/pressrelease/anti-aging-market.htm

[2] https://www.statista.com/statistics/243742/revenue-of-the-cosmetic-industry-in-the-us/

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