Dublin, Oct. 27, 2023 (GLOBE NEWSWIRE) -- The "Beauty Drinks Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global beauty drinks market, valued at US$ 1.6 Billion in 2022, is poised for substantial growth in the coming years, according to market analysts. Projections indicate that by 2028, the market is expected to surge to a remarkable US$ 3.1 Billion, demonstrating a robust Compound Annual Growth Rate (CAGR) of 11.17% during the period 2023-2028.
Beauty drinks, the nutraceutical elixirs that have taken the beauty world by storm, are designed to enhance skin vitality, combat signs of aging, and minimize issues like acne, scars, and pigmentation. These beverages harness the power of botanical extracts from fruits and vegetables, fortified with essential amino acids, vitamins, minerals, and antioxidants to detoxify the skin, tighten its appearance, and maintain healthy hair and nails. One of the key components of beauty drinks is collagen peptides, which stimulate natural collagen production, effectively reducing premature wrinkles.
Beauty Drinks Market Trends
The global beauty drinks market is on an upward trajectory, driven by a surge in beauty consciousness among consumers. Increasing disposable incomes and the pervasive influence of social media are key factors contributing to this trend. Additionally, the prevalence of hectic lifestyles, rising air pollution, unhealthy dietary habits, and elevated alcohol consumption have resulted in premature aging concerns, particularly among young individuals.
As the natural collagen levels in the body diminish with age, issues like sagging skin become more prominent. In response to these challenges, consumers are increasingly seeking products that promote healthy and youthful skin. Manufacturers are capitalizing on this demand by introducing gluten-free, lactose-free, and vegan beauty drink variants with no added sugars, preservatives, or flavorings. The rising working population and the burgeoning nutricosmetics trend are expected to further drive market growth.
Key Market Segmentation
The report offers a comprehensive analysis of key market trends within various segments of the global beauty drinks market, along with forecasts at global, regional, and country levels for the period from 2023 to 2028. The market is segmented based on type, ingredients, function, and distribution channels as follows:
Breakup by Type:
- Natural Drinks
- Artificial Drinks
Breakup by Ingredients:
- Collagen Proteins
- Vitamins and Minerals
- Fruit Extracts
- Others
Breakup by Function:
- Anti-Ageing
- Detoxification
- Radiance
- Vitality
- Others
Breakup by Distribution Channel:
- Grocery Retailers
- Beauty Specialty Stores
- Drug Stores and Pharmacies
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The industry's competitive landscape is robust and includes key players such as Asterism Healthcare Plus Inc., DECIEM The Abnormal Beauty Company, Hangzhou Nutrition Biotechnology Co. Ltd., Kino Biotech, Lacka Foods Limited, Sappe Public Company Limited, Shiseido Company Limited, Skinade.com (Bottled Science Ltd.), The Coca-Cola Company, and Vital Proteins LLC (Nestle Health Science).
Key Questions Answered in This Report
- How has the global beauty drinks market performed, and what are the prospects for the coming years?
- What impact has COVID-19 had on the global beauty drinks market?
- What are the key regional markets for beauty drinks?
- What are the market dynamics based on type, ingredients, function, and distribution channel?
- What factors are driving and challenging market growth?
- Who are the key players in the global beauty drinks market, and what is the level of competition?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 143 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $1.6 Billion |
| Forecasted Market Value (USD) by 2028 | $3.1 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/206tde
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