Market Size – The ready-to-drink beauty beverage market size has grown rapidly in recent years. It will grow from $1.91 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rising awareness of inner beauty, growing youth population, growth of e-commerce, rising demand for convenient beauty solutions, and demand for healthy RTD beverages.
The ready-to-drink beauty beverage market size is expected to see rapid growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to expansion of distribution channels, focus on sustainability and clean beauty, growth of beauty subscription services, and adoption of sustainable business practices. Major trends in the forecast period include Product Innovations, Innovative Flavor Profiles, Clinical Research and Efficacy Claims, Global Inspiration and Exotic Ingredients, and Customization and Personalization.
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Scope Of Ready-To-Drink Beauty Beverage MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ready-To-Drink Beauty Beverage Market Overview
Market Drivers –Growing demand for healthier food is expected to propel the growth of the ready-to-drink beauty beverage market going forward. Healthier food refers to food items that are perceived to offer greater nutritional value or contribute to overall well-being compared to other options. The demand for healthier food is increasing as people prioritize nutrition, weight management, and environmental ethics in their food choices. Ready-to-drink beauty beverages are a convenient and beneficial addition to a healthy diet, providing hydration, nutrients, and support for skin health. For instance, in May 2022, according to the report published by NIQ, a US-based consumer intelligence company, sales of health-aligned products, including over-the-counter remedies and nutritional or healthier food and drinks, experienced significant growth in the United States, with a 31% increase from 2020 to 2021. Therefore, the growing demand for healthier food is driving the growth of the ready-to-drink beauty beverage market.
Market Trends – Major companies operating in the ready-to-drink beauty beverage market focus on developing product innovations, such as CBD-infused beauty drinks, to cater to the growing demand for wellness-oriented beverages. CBD-infused beauty drinks are beverages containing CBD (cannabidiol) along with skin-nourishing ingredients such as antioxidants and hyaluronic acid, designed to enhance beauty and boost the immune system. For instance, in February 2023, Le Jolie Medi Spa, a US-based provider of beauty services, introduced Pick Me Up Potions, a health wellness drink featuring 25mg of CBD and daily vitamin C, available in mango turmeric, dragon fruit rose, and watermelon cucumber flavors, aimed at strengthening skin, nails, and hair while boosting the immune system and promoting relaxation. These beauty drinks are infused with antioxidants, hyaluronic acid, and CBD, which combine to fortify the skin from within, promote relaxation, and enhance overall well-being.
The ready-to-drink beauty beverage market covered in this report is segmented –
1) By Form: Powder, Liquid
2) By Flavor: Orange, Raspberry, Hibiscus, Blackberry Mint, Pomegranate, Mango, Cranberry, Lemon, Other Flavors
3) By Ingredient: Collagen, Vitamin C, Biotin, Hyaluronic Acid, Vitamin E, COQ10, Rosmarinic Acid, Zinc, Other Ingredients
4) By Distribution Channel: Hypermarkets Or Supermarkets, Convenience Stores, Specialty Stores, Health And Wellness Stores, Online Retail
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Regional Insights – North America was the largest region in the ready-to-drink beauty beverage market in 2023. The regions covered in the ready-to-drink beauty beverage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the ready-to-drink beauty beverage market are Nestlé S.A., Johnson & Johnson, PepsiCo Inc., Procter & Gamble Company, The Coca-Cola Company, L’Oréal S.A., Danone S.A., Henkel AG & Co. KGaA, Kimberly-Clark Corporation, Colgate-Palmolive Company, Chanel S.A., Kao Corporation, Beiersdorf AG, Amway Corporation, Shiseido, Natura & Co., Coty Inc., Herbalife Nutrition Ltd., Avon Products Inc., Mary Kay Inc., Groupe Yves Rocher, Revlon Inc., Elizabeth Arden Inc., Oriflame Cosmetics Global SA, Groupe Clarins
Table of Contents 1. Executive Summary2. Ready-To-Drink Beauty Beverage Market Report Structure3. Ready-To-Drink Beauty Beverage Market Trends And Strategies4. Ready-To-Drink Beauty Beverage Market – Macro Economic Scenario5. Ready-To-Drink Beauty Beverage Market Size And Growth…..27. Ready-To-Drink Beauty Beverage Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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