The beauty drinks global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Beauty Drinks Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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The 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.
Market Drivers –
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.
Market Trends –
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 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
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Regional Insights –
North America was the largest region in the beauty drinks market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the beauty drinks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the beauty drinks market report are Nestle SE, PepsiCo, AB InBev, The Coca – Cola Company, Danone S.A., Asahi Group Holdings, Hangzhou Wahaha Group, Fonterra Co-operative Group Limited, Kao Corporation, Amway, Shisedo Co. Ltd., Hain Celestial Group, AMC Group Alimentacion Fresco y Zumos SA, Groupon Inc., Kino Biotech Pte Ltd., Dr. Ci:Labo Co.Ltd., Nutrafol, Suja Life, Sappe Public Company Ltd., Juice Generation, Big Quarck Ltd., Zoppas Industries Group, Evolve BioSystems, Skinade, DyDo Drinco Inc., My Beauty & GO, Suntory Holdings
Table of Contents
1. Executive Summary
2. Beauty Drinks Market Report Structure
3. Beauty Drinks Market Trends And Strategies
4. Beauty Drinks Market – Macro Economic Scenario
5. Beauty Drinks Market Size And Growth
…..
27. Beauty Drinks Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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