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Ready-To-Drink Beauty Beverage Market Report 2024 - Beauty Beverage Market Demand And Trends
Ready-To-Drink Beauty Beverage Market
According to The Business Research Company's, The ready-to-drink beauty beverage market size has grown rapidly in recent years. It will grow from $1.91 billion in 2023 to $2.13 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to rising awareness of inner beauty, growing youth population, growth of e-commerce, rising demand for convenient beauty solutions, and demand for healthy RTD beverages.
The ready-to-drink beauty beverage market size is expected to see rapid growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to expansion of distribution channels, focus on sustainability and clean beauty, growth of beauty subscription services, and adoption of sustainable business practices. Major trends in the forecast period include Product Innovations, Innovative Flavor Profiles, Clinical Research and Efficacy Claims, Global Inspiration and Exotic Ingredients, and Customization and Personalization.
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Market Drivers and Trends:
Growing demand for healthier food is expected to propel the growth of the ready-to-drink beauty beverage market going forward. Healthier food refers to food items that are perceived to offer greater nutritional value or contribute to overall well-being compared to other options. The demand for healthier food is increasing as people prioritize nutrition, weight management, and environmental ethics in their food choices. Ready-to-drink beauty beverages are a convenient and beneficial addition to a healthy diet, providing hydration, nutrients, and support for skin health. For instance, in May 2022, according to the report published by NIQ, a US-based consumer intelligence company, sales of health-aligned products, including over-the-counter remedies and nutritional or healthier food and drinks, experienced significant growth in the United States, with a 31% increase from 2020 to 2021. Therefore, the growing demand for healthier food is driving the growth of the ready-to-drink beauty beverage market.
Major companies operating in the ready-to-drink beauty beverage market focus on developing product innovations, such as CB*D-infused beauty drinks, to cater to the growing demand for wellness-oriented beverages. CB*D-infused beauty drinks are beverages containing CB*D (cannabidiol) along with skin-nourishing ingredients such as antioxidants and hyaluronic acid, designed to enhance beauty and boost the immune system. For instance, in February 2023, Le Jolie Medi Spa, a US-based provider of beauty services, introduced Pick Me Up Potions, a health wellness drink featuring 25mg of CB*D and daily vitamin C, available in mango turmeric, dragon fruit rose, and watermelon cucumber flavors, aimed at strengthening skin, nails, and hair while boosting the immune system and promoting relaxation. These beauty drinks are infused with antioxidants, hyaluronic acid, and CB*D, which combine to fortify the skin from within, promote relaxation, and enhance overall well-being.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Nestlé S.A., Johnson & Johnson, PepsiCo Inc., Procter & Gamble Company, The Coca-Cola Company, L'Oréal S.A., Danone S.A., Henkel AG & Co. KGaA, Kimberly-Clark Corporation, Colgate-Palmolive Company, Chanel S.A., Kao Corporation, Beiersdorf AG, Amway Corporation, Shiseido, Natura & Co., Coty Inc., Herbalife Nutrition Ltd., Avon Products Inc., Mary Kay Inc., Groupe Yves Rocher, Revlon Inc., Elizabeth Arden Inc., Oriflame Cosmetics Global SA, Groupe Clarins
Ready-To-Drink Beauty Beverage Market 2024 Key Insights:
• The ready-to-drink beauty beverage market size is expected to see rapid growth in the next few years. It will grow to $3.32 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%.
• Impact Of Growing Demand For Healthier Food On Ready-To-Drink Beauty Beverage Market
• Innovative Offerings In The Ready-To-Drink Beauty Beverage Market
• North America was the largest region in the ready-to-drink beauty beverage market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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