The Beauty Drinks Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Beauty Drinks Global Market Report 2024, The beauty drinks market size has grown rapidly in recent years. It will grow from $3.03 billion in 2023 to $3.4 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to consumer preference, increased health awareness, preventive health focus, targeting specific consumer groups, rising incidences of skin problems.
The beauty drinks market size is expected to see rapid growth in the next few years. It will grow to $5.26 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to shift from traditional beauty products, rising beauty consciousness, growing e-commerce and online retailing, celebrity endorsements, rising disposable income. Major trends in the forecast period include continuous technological advancements.
The growing prevalence of skin problems is expected to propel the growth of the beauty drinks market going forward. Skin problems refer to a wide range of conditions that affect the skin, leading to various symptoms and impacts on individuals. These conditions include acne, atopic dermatitis, psoriasis, actinic damage, cutaneous lymphoma, rosacea, cutaneous infections, seborrheic dermatitis, and others. Beauty drinks, such as oat milk and fruit juice, can contribute to hydration, which is important for maintaining skin health, especially for individuals with atopic dermatitis. For instance, according to the Global Report on Atopic Dermatitis 2022 by the International Eczema Council, a US-based association, in 2021, approximately 223 million people were living with atopic dermatitis, a chronic inflammatory skin condition characterized by red, itchy rashes. This number includes around 43 million individuals aged 1-4 years old. Therefore, the growing prevalence of skin problems is driving the beauty drinks market.
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The beauty drinks market covered in this report is segmented –
1) By Type: Vitamins And Minerals, Collagen, Carotenoids, Other Types
2) By Function: Anti-Aging, Detoxication, Radiance, Vitality, Other Functions
3) By Distribution Channel: Grocery Retailers, Beauty Specialty Stores, Drug Stores and Pharmacies, Other Distribution Channels
Top Major Players
Nestle SE
PepsiCo
AB InBev
The Coca – Cola Company
Danone S.A.
Major companies operating in the beauty drinks market are developing innovative products, such as aloe-based drinks, to protecting the skin and providing anti-aging effects. Aloe-based drinks are beverages made from the gel extracted from the aloe vera plant, known for its potential health benefits and refreshing taste. For instance, in September 2023, L’BRI PURE & NATURAL, a US-based provider of high-quality skin care and beauty products, introduced a new Aloe + Collagen Super Beauty Drink Mix. The berry-flavored drink mix contains Aloe Vera Barbadensis Miller, which helps to hydrate the skin, boost collagen formation, and feed the entire body with vitamins. The drink mix is part of L’BRI’s line of aloe-based skin and body care products designed to promote healthier, younger-looking skin.
The beauty drinks market report table of contents includes:
1. Executive Summary
2. Beauty Drinks Market Characteristics
3. Beauty Drinks Market Trends And Strategies
4. Beauty Drinks Market – Macro Economic Scenario
5. Global Beauty Drinks Market Size and Growth
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32. Global Beauty Drinks Market Competitive Benchmarking
33. Global Beauty Drinks Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Beauty Drinks Market
35. Beauty Drinks Market Future Outlook and Potential Analysis
36. Appendix
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