REPORT OBJECTIVES
The report “Beauty Drinks: Global Market Intelligence (2023-2030)” provides market intelligence on the different market segments, based on type, packaging material, function, and geography. Market size and forecast (2023-2030) has been provided in the report.The primary objectives of this report are to provide 1) comprehensive global market intelligence through detailed segmentation, 2) market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends, 3) detailed analysis of current dynamics and trends, key market players, and strategies in the market, 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants, 5) provide emerging opportunities in the market and the future impact of major drivers and restraints of the market and, 6) support decision makers in making cost-effective business decisions.
RESEARCH METHODOLOGY
In our market size and forecast determination efforts, an extensive secondary research was initially completed to gain a good perspective of the market in each country. Extensive primary research was also carried out by interviewing the key executives from the industry. These interviews helped us to fill-in the data gaps after secondary research. Several secondary sources such as encyclopedia, directories, and databases have been used to identify and collect information useful for this extensive techno-commercial study. The respondents– selected experts from manufacturers and selected suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects. The usage of obtained information is based on the perceived reliability by the research team. In many cases, a combination of several sources was used. Sprout Intelligence provides an in-depth analysis of the market segmentation, which is a critical element of the market intelligence reports at Sprout Intelligence.
KEY AUDIENCE
Executives in marketing, strategic planning and new product development will find such discussions in our reports pertinent and useful. Management consultants, investment bankers, manufacturers, distributors, suppliers, and regulatory authorities are amongst our regular clientele served.
DATA SOURCES
The general data sources used in this report are company websites, trade association publications, regulatory authorities, journals, magazines, news websites, press releases, media publications, interaction with industry experts, company executives, research papers, articles, patents, scientific literature, among many others.
KEY FINDINGS FROM THE REPORT
- Beauty drinks are consumed for various beautification aspects like hair, nails, anti-ageing, along with the glowing skin.
- Japan alone contributes more than 60% of the global market of beauty drinks.
- Plastic is a widely used packaging material in beauty drinks.
- Sprout Intelligence expert team projected the global beauty drinks marketis expected to cross mark of USD 4 billion. The global beauty drinks market is expected to experience significant growth in the coming years, driven by a growing interest in beauty and wellness, particularly among young consumers. The market is also expected to be characterized by new product launches, partnerships, and collaborations among key players to expand their market presence and enhance their product offerings.
Drivers:
Growing interest in beauty and wellness: The increasing focus on health and beauty among consumers is driving the demand for beauty drinks. Consumers are increasingly looking for products that can help them achieve a more youthful appearance, and beauty drinks are seen as a convenient and effective way to achieve this.
Rising disposable income: The rising disposable income of consumers, particularly in emerging economies, is also driving the growth of the beauty drinks market. As consumers have more disposable income, they are more willing to spend on premium products, including beauty drinks.
Technological advancements in the beverage industry: The beverage industry is constantly evolving, with new technologies and ingredients being developed that can enhance the efficacy of beauty drinks. For example, the use of collagen and antioxidants in beauty drinks has become more popular in recent years, and this trend is expected to continue.
Growing popularity of functional beverages: The trend towards functional beverages, which are beverages that offer health benefits beyond basic hydration, is also driving the growth of the beauty drinks market. Beauty drinks are seen as a type of functional beverage, as they offer specific beauty-related benefits.
Overall, the beauty drinks market is expected to continue to grow as consumers become increasingly interested in beauty and wellness. Manufacturers will need to continue to innovate and develop new products to meet this growing demand, while also focusing on partnerships and collaborations to expand their market presence.