Beauty drinks market Analysis
Beauty drinks refer to both carbonated and non-carbonated beverages that are employed to retain natural beauty throughout aging. The beauty drinks contain many vitamins, minerals, amino acids, and antioxidants. It aids to support diets by encouraging metabolism. The world beauty drinks market is increasing quickly. The world beauty drinks market was worth $898.6 million in 2019 and expected to be growing at a CAGR of 11.51% to reach $1549.6 million by 2024.
Beauty drinks Market Drivers and Restraints:
The world beauty drinks market is estimated to grow due to the increasing use of anti-aging products. Also, beverages industry is witnessing massive growth both in developed and developing economies that are expected to boost the sales of beauty drinks products. Moreover, rising beauty conscious people in developing nations is estimated to be the major factor for the increasing growth of beauty drinks throughout the forecast period of 2017-2023.
Report segmented as:
- Protein or collagen
- Fruit Extracts
- Natural Drinks
- Chemical/artificial Drinks
The world beauty drinks market is segregated into North America, Europe, Asia Pacific, and Rest of the World (RoW). Among these, Europe is expected to retain its dominance throughout the forecast period of 2017-2023. The growing customer awareness towards anti-aging products and healthy drinks are considered to be one of the primary reasons for the increasing growth of beauty drinks products in the European market. North America is expected to account for over 25% of the market proportion throughout the review period.
Important market players:
Major players that operate in the global beauty drinks market are SIPA spa, THE COCA-COLA COMPANY, Sappe Public Company Limited, Big Quark LLC, DyDo DRIN CO, INC. And Nestlé S.A. Different companies operating in the world beauty drinks markets are continuously launching new types of beauty drinks used for various target consumer and applications. For instance, Big Quark LLC launched a beauty drink named BeautySleep that includes sleep and beauty inducing ingredients.
The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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