The Beauty Drinks Market is being driven by Growing prevalence of premature aging
The Beauty Drinks Market is expected to grow at a CAGR of 4.37% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 235.6 million. The global beauty drinks market is experiencing significant growth due to evolving consumer preferences and lifestyles. Aging consumers worldwide seek targeted solutions to enhance and maintain their external appearance, driving the demand for beverages with potent nutritional profiles. Millennials, a substantial demographic, prioritize health and wellness, particularly stress management and skin care. These consumers are drawn to beauty drinks that offer time-efficient, effective, and effortless solutions to achieve radiant skin. The market is poised to expand further as consumers continue to prioritize convenience and personalized health and beauty solutions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.37% |
Market growth 2024-2028 |
USD 235.6 million |
Market structure |
fragmentation |
YoY growth 2023-2024(%) |
4.11 |
Key countries |
US, Canada, Germany, UK, Italy, France, China, India, Japan, Brazil, Egypt, UAE, Oman, Argentina, KSA, UAE, Brazil, and Rest of World (ROW) |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Beauty Drinks market is experiencing a surge in popularity among beauty-conscious people who are always on the lookout for the best ways to maintain healthy skin and overall health. With the digitalization of commerce, online customers have easier access to a wide range of Vitamins & Minerals-rich beauty drinks. These beverages, also known as Beauty Shots, are enriched with essential nutrients like Amino acids, Protein, Tripeptides, and Collagen peptides. These drinks offer numerous benefits, including improved skin appearance, longer-lasting youthful looks, and better overall health. They provide essential nutrients that can't always be obtained through diet and food and beverages alone. Generation Z and Millennials, in particular, are driving the growth of the Beauty Drinks market. These groups prioritize healthy skin and overall health, and they're willing to invest in Nutri-cosmetic solutions that offer both immediate and long-term benefits. Collagen-based drinks, for instance, are popular for their ability to improve skin elasticity and reduce the appearance of acne. Tripeptides and Collagen peptides are also key ingredients that help boost collagen production, leading to smoother, younger-looking skin. In conclusion, the Beauty Drinks market is an exciting space that offers consumers convenient and effective ways to maintain healthy skin and overall health. With the rise of e-commerce and digitalization, it's easier than ever to access these products and incorporate them into your daily routine.
The Beauty Drinks market encompasses vendors engaged in the production and processing of beverages formulated to enhance beauty and wellness. Technavio's market analysis calculates the market size based on the consolidated revenue generated by these vendors. This market segment does not include equipment manufacturers or producers of packaged alcoholic and non-alcoholic beverages, excluding mineral waters. Key growth drivers for the Beauty Drinks market include the health benefits associated with consuming beverages fortified with essential vitamins, minerals, and antioxidants, which contribute to improved skin health and overall well-being.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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