PUBLISHER: Orion Market Research | PRODUCT CODE: 1159237
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159237
Global Beauty Drinks Market Size, Share & Trends Analysis Report by Ingredient Type (Vitamins & Minerals, Protein or Collagen, Fruit Extracts, and others), by Distribution Channel (Grocery Retailers, Beauty Specialty Stores, Drug Stores & Pharmacies, and Other Distribution Channels), and by Applications (Anti-Aging, Detoxicating, Radiance, and Vitality) Forecast (2022-2028)
The global beauty drinks market is anticipated to grow at a substantial CAGR of 11.1 % during the forecast period. Social media act as a strong influencer to consumers and plays an important role in affecting beauty trends, body image, and self-esteem concerns. Social media affects individuals and pushes users to engage in beauty trends due to social compliance and acceptance in society, which is positively affecting the beauty drinks market. The increasing penetration of social media across the globe is supporting the growth of the market. For instance, according to Pew Research Center, as of 2021, most of the Americans say they use YouTube and Facebook, while the use of Instagram, Snapchat, and TikTok is especially common among adults under 30.
The global beauty drinks market is segmented based on the ingredient type, distribution channel, and application. Based on the ingredient type, the market is segmented into vitamins and minerals, protein or collagen, fruit extracts, and others. Based on the distribution channel, the market is sub-segmented into grocery retailers, beauty specialty stores, drug stores & pharmacies, and other distribution channels. Based on the application, the market is augmented into anti-aging, Detoxicating, radiance, and vitality. The anti-aging segment is anticipated to hold a significant share in the market due to the increasing proportion of people aged 60 years along with increasing anti-aging.
Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Among all regions, Europe is expected to hold a considerable share in the market over the forecast. Rising awareness for various beauty drink products across the region as compared to others is the major factor boosting the growth of the market. Furthermore, the demand for anti-aging products is continuously rising across the region which is anticipated to further propel the growth of the market. For instance, in
The major companies serving the global beauty drinks market include Asterism Healthcare Group, Groupon, Inc., Nutrawise Health & Beauty Corp., Vital Proteins LLC, AMC Natural Drink SL, Caudalie USA, Inc., Kino biotech, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in September 2021, Soochi Eyes expanded the healthy aging spritz with a supermarket push in New Zealand. Soochi's spritz is a berry spritz infused with collagen, elastin, hyaluronic acid, prebiotics, reishi, and vitamin C, and is designed to aid skin and gut health.
Research Methodology
The market study of the global beauty drinks market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers:
Vitality