(Entertainment-NewsWire.com, August 30, 2018 ) In the year 2018, Global Beauty Drinks Market was valued at USD 806.65 Million. By the year 2023, it is expected to reach USD 1383.92 Million at pace of 11.4% CAGR.
Beauty drinks is defined as carbonated and non-carbonated beverages that are used to retain natural beauty during aging. These drinks consist of high minerals, vitamins, antioxidants, and amino acids. Beauty drinks are prepared by using antioxidants, collagen, and hyaluronic acid which helps to improve the skin and minimize wrinkles.
The growth for Beauty Drinks market is driven due to factors like increasing beauty-conscious population across the globe, rising disposable income of consumers, easy availability of beauty drinks through online and offline stores. In addition, growing consumer awareness towards anti-aging products, rising demand for healthy drinks, introduction of new aging products and increasing air pollution is expected to drive the market growth. However, high risk associated with anti-aging products, huge investments for manufacturing beauty drinks and high cost of beauty drinks and other aging products are the major restraining factors which are estimated to hinder the growth rate for global beauty drinks market during the forecast period.
Based on geography the Beauty Drinks market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. Europe holds the largest market share in the global beauty drinks market followed by North America due presence of major manufacturers, and increasing awareness about benefits related to beauty drinks among the consumers are driving the market in this region. Asia-Pacific region like India, China and Japan are rapidly growing due to increasing aging population, growing demand for beauty products and rising beauty-conscious population are expected to witness high growth rate for Beauty Drinks market during the forecast period.
Leading companies for Global Beauty Drinks market are DyDo Drin Co., Big Quark LLC, SIPA spa, Sappe Public Company Limited, The Coca-Cola Company Inc. and Nestlé S.A.
About MarketDataForecast™
Market Data Forecast is a market research firm offering syndicated research, consults and industry newsletters across various domains & verticals. With a well-established in-house team of experts from diverse fields and outsource research network across 100+ countries, we are the sole research providers for the majority of Fortune 500 companies. Along with the standards of reports being on par excellence, our unique services like free customization, analyst support for the period of six months post to the purchase will be the flag bearers and differentiates us from the rest. Our experience and in-depth understanding of various business environments will be a support to you and your organization in making well-informed decisions.
