How big is the beauty drinks market?
The global beauty drinks market is expected to reach USD 3098.7 million by 2031, growing at a CAGR of 11.4% from 2024 to 2031. Europe currently holds the largest market share, followed by Asia-Pacific, with the latter experiencing the fastest growth.
What are the key drivers of the beauty drinks market growth?
Rising awareness of health benefits, busy lifestyles, and an aging population are key drivers. Collagen-based drinks, promising youthful skin, are especially popular.
What are the challenges faced by the beauty drinks market?
High prices and skepticism about effectiveness can hinder wider adoption. Research and development efforts aim to address these concerns and offer more affordable options.
Who are the major players in the beauty drinks market?
My Beauty & GO, Bella Berry, Nestle, THE COCA-COLA COMPANY, and Shiseido are among the leading players globally.