Beauty Drinks Market Value, Outlook, Volume and Market Forecast 2023-2030

Beauty Drinks Market Report Size

Global Beauty Drinks Market Surges to USD 3098.7 Million by 2030, Marking a Significant CAGR of 11.4%

The global beauty drinks market, valued at USD 1329.6 million in 2022, is set to experience robust growth, reaching USD 3098.7 million by 2030, at a remarkable CAGR of 11.4% during the forecast period from 2023 to 2030. This surge is attributed to the increasing consumer awareness of health benefits and anti-aging properties associated with beauty drinks.

Beverage companies are strategically targeting both developed and developing countries for product launches, capitalizing on the growing demand for health drinks. The market, characterized by a recent initiation with a limited number of products and competitors, is witnessing dynamic expansion.

Key Market Metrics:

CAGR: 11.4%

Forecast Period: 2023-2030

Size Available for Years: 2021-2030

Data Availability: Value (USD)

Market Scope and Summary:

The report covers diverse aspects of the Beauty Drinks Market, including segments based on Ingredient Type, Distribution Channel, and Region. Regions covered encompass North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Notably, Europe holds the largest market share, maintaining dominance throughout the forecast period.

Insights Covered in the Report:

The report provides comprehensive insights into the beauty drinks market, including Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, and Supply-Chain Analysis.

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Market Dynamics and Trends:

The market's growth is driven by changing consumer lifestyles, with environmental pollution and lifestyle choices contributing to premature skin aging. According to the World Health Organization (WHO), the global aging population is rapidly increasing, creating a substantial demand for beauty drinks. The report projects a doubling of the population aged above 60 years from 2015 to 2022, with 80% of older individuals residing in low and middle-income countries by 2050.

The busy lifestyle and limited time for a healthy skincare routine are expected to boost beauty drink sales. Beauty drinks containing essential vitamins and minerals are gaining popularity for their skin-enhancing benefits.

Challenges in Market Adoption:

High prices associated with beauty drinks pose a challenge to market growth. The premium cost is attributed to the inclusion of high-quality ingredients and extensive research and development. A Mintel survey revealed that 38% of US consumers refrained from purchasing beauty supplements due to perceived high costs.

Segment Analysis:

The global beauty drink market is segmented based on ingredient type, distribution channel, and region. Collagen-based beauty drinks hold the largest market share, providing structural protein to the skin, promoting a youthful appearance, and protecting against sun exposure and environmental pollution.

Geographical Penetration:

Europe leads the global market, having the highest market share in 2022. The region's elder population and the cessation of collagen secretion after the age of 25 drive demand for anti-aging products. Significant investment in research and development further contributes to the market's sustained growth.

Key Players:

Major global players in the beauty drinks market include My Beauty & GO, Bella Berry, Sappe Public Company Limited, Skinade, Big Quark LLC, THE COCA-COLA COMPANY, Nestle S.A., DyDo DRIN CO, Vital Protiens LLC, and Shiseido Co Ltd.

Related Reports:

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Energy Drinks Market

Diet Soft Drinks Market

Probiotic Drinks Market

Electrolyte Drinks Market

Women Health and Beauty Supplements Market

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