Dublin, June 21, 2024 (GLOBE NEWSWIRE) — The «Global Beauty Drinks – Forecasts from 2024 to 2029» report has been added to ResearchAndMarkets.com’s The offer of
The global beauty potion market is poised for significant growth, expected to exhibit a compound annual growth rate of 8.27% throughout the forecast period, culminating in a projected valuation of USD 1,676,638 million by 2029. This expansion is anchored by increasing consumer disposable income alongside rapid urbanization
Increased life expectancy and healthcare advancements have caused a marked increase in the global elderly demographic, driving an increase in demand for beauty drinks that are now fortified with nutritional elements to address age-related concerns. An increased awareness of age-related aesthetic changes has encouraged consumers of various age groups to seek out products that promise to preserve or restore their youthful appearance.
Collagen/Protein Drinks: A growing segment in beauty drinks
The market for protein/collagen beauty drinks is booming, fueled by a heightened awareness of personal aesthetics and influenced by the pervasive influence of social media. Driven by the pressures of modern lifestyles and dietary patterns, consumers across the country are increasingly turning to beauty drinks to maintain their skin’s vitality.
North America leads in innovation and market expansion
North America is expected to experience significant growth within the beauty drink market, led by the introduction of innovative products and aggressive strategies, such as mergers and acquisitions by market players. The US, in particular, presents a strong environment for the consumption of beauty drinks, supported by high personal incomes and a significant urban population base.
Strategic moves by key players
Industry leaders are increasingly focusing on launching products that cater to a health-conscious audience, unveiling vegan, gluten-free and lactose-free beverages with no added sugars, preservatives or artificial flavors. These strategic product developments are poised to strengthen the market position of existing players and attract a wider consumer demographic.
In conclusion, the global beauty drink market is on an upward trajectory, driven by consumer lifestyle trends, the pursuit of health and aesthetic benefits, and an industry ripe with innovation. The coming years are likely to see steady growth and diversification in product offerings as this dynamic market continues to adapt and expand.
Main attributes:
| The report attribute | The details |
| No. of Pages | 135 |
| Forecast period | 2022 – 2029 |
| Estimated market value (USD) in 2022 | 961.45 million dollars |
| Estimated market value (USD) by 2029 | 1676.64 million dollars |
| Compound Annual Growth Rate | 8.2% |
| Regions covered | global |
Featured companies
- Sappe Public Company Limited
- LR Beauty and Health
- Kinohimitsu Global
- Hangzhou Nutrition Biotechnology Co., Ltd.
- Weetabix Limited
- Herbalife Nutrition
- Feed Your Skin JV, SL
- Nizona Corporation
- Both wellness
- inhale
For more information about this report visit https://www.researchandmarkets.com/r/c4n6f7
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Global Beauty Drinks Market
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