PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1438016
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1438016
According to Stratistics MRC, the Global Skin-booster Beverages Market is accounted for $1.06 billion in 2023 and is expected to reach $2.34 billion by 2030 growing at a CAGR of 12% during the forecast period. Skin-booster beverages are specialized drinks formulated with ingredients designed to enhance skin health and appearance. Typically containing a blend of vitamins, antioxidants, collagen, and hydration-boosting compounds, these beverages aim to promote skin elasticity, radiance, and overall well-being. They are often marketed as beauty and wellness products, offering a convenient and holistic approach to skincare from within.
According to UN Comtrade statistics, the amount of non-alcoholic drinks imported to Hungary peaked in 2022 at 174 million euros from 154 million euros in 2021.
Growing consumer interest in beauty-from-within solutions
Increasing awareness of the link between nutrition and skin health prompts individuals to seek beverages enriched with vitamins, antioxidants, and collagen for enhanced skin radiance and vitality. This trend aligns with a holistic approach to beauty, fostering the demand for skincare products that work from the inside out. As consumer preferences focus on comprehensive well-being, the skin-booster beverage market experiences significant growth.
Unproven long-term effects
The skin-booster beverages face restraint due to concerns about unproven long-term effects. Consumers may hesitate due to the lack of comprehensive scientific evidence on the sustained efficacy and potential side effects of beauty-enhancing ingredients in these beverages. Skepticism regarding the durability of benefits and potential health risks may limit widespread adoption.
Influence of social media and online beauty trends
The skin-booster beverage market sees an opportunity through the influence of social media and online beauty trends. Platforms like Instagram and beauty influencers drive consumer awareness and interest in beauty-from-within solutions. The visual appeal and lifestyle associations portrayed on these platforms encourage consumers to explore and adopt skincare products, including skin-booster beverages. Leveraging this digital influence offers a strategic opportunity for marketing, brand visibility, and reaching a wide audience seeking novel and trending beauty solutions.
Safety concerns
Safety concerns pose a significant threat to the skin-booster beverage market. The inclusion of bioactive ingredients, botanical extracts, or novel compounds raises apprehensions about potential allergic reactions, adverse effects, or interactions with medications. Consumers may be wary of unfamiliar substances in beauty beverages, demanding stringent safety assessments and regulatory scrutiny. In addition, inadequate research or insufficient labeling practices can contribute to uncertainties regarding the products' safety profiles.
The COVID-19 pandemic initially impacted the skin-booster beverage market as consumer priorities shifted towards essential goods, affecting discretionary spending. Supply chain disruptions, temporary closures, and economic uncertainties led to a slowdown in production and distribution. Additionally, changes in purchasing behavior and a focus on immediate health concerns influenced consumer choices, affecting the demand for beauty and wellness products.
The vitamins & minerals segment is expected to be the largest during the forecast period
The vitamins and minerals segment is anticipated to be the largest in the skin-booster beverages market during the forecast period. This dominance is attributed to the growing consumer emphasis on nutrition for skin health. Beverages enriched with essential vitamins (like A, C, and E) and minerals are sought after for their potential benefits in promoting skin elasticity and radiance. As consumers prioritize holistic beauty solutions, the demand for skin-booster beverages featuring vitamins and minerals is expected to witness substantial growth.
The online retail stores segment is expected to have the highest CAGR during the forecast period
The online retail stores segment is projected to achieve significant growth in the skin-booster beverages market during the forecast period. This growth is fueled by the increasing trend of online shopping, convenience, and a wide variety of product choices. The digital platform allows consumers easy access to a diverse range of skin-booster beverages, promoting higher adoption rates. As e-commerce continues to grow, the online retail store segment is expected to experience significant expansion.
North America is positioned to dominate the skin-booster beverages market due to a rising focus on holistic wellness and beauty within trends. Consumers in the region are increasingly drawn to skincare products that offer internal benefits, aligning with a comprehensive approach to beauty. The region's well-established beauty and wellness industry, coupled with a high level of consumer awareness and disposable income, positions North America as a key market for skin-booster beverages, driving their widespread adoption and market dominance.
The Asia Pacific region anticipates rapid growth in the skin-booster beverages market due to an evolving beauty culture, increasing disposable income, and a growing focus on well-being. Consumers in the region are embracing beauty-from-within concepts, creating a surge in demand for skincare products with internal benefits. Furthermore, the presence of a large and diverse population, coupled with a rising awareness of beauty trends, positions Asia Pacific as a promising market for skin-booster beverages, with significant growth potential in the forecasted period.
Key players in the market
Some of the key players in skin-booster beverages market include Coca-Cola Company, Collagen Beauty Co., Danone S.A., Dirty Lemon (Aliph Brands, LLC), Dr Pepper Snapple Group, GT's Living Foods, H2rOse, Monster Beverage Corporation, Nestle S.A., PDO Max, PepsiCo, Inc., POM Wonderful LLC, Suja Life, LLC, The Hain Celestial Group, Inc. and The Naked Collective.
In September 2023, PDO MAX, Inc., a woman-owned aesthetics medical device company based in the United States, introduces its third innovation for 2023. Shaping up to be the most exciting year in the company's history, our latest offering is the Glowpin serum infusion system, which combines a multi-needle stimulator with an airless pump. It is specifically designed for the application of topical skin boosters, for easier, precise, and more effective absorption of serums. After the desired serum has been inserted into the device, pressing the pump infuses the serum for optimal absorption of skin boosters, hyaluronic acid, and other corrective serums into the skin.
In February 2023, Le Jolie Medi Spa is launching its very own wellness drink: Pick Me Up Potions! Pick Me Up Potions are beauty in a bottle and available in three delicious flavors: Mango Turmeric, Dragon Fruit Rose and Watermelon Cucumber. Each is packed with skin-loving ingredients to help you turn back the clock…and CBD to help you chill while you drink your way to gorgeous. Discover your inner route to beauty with each sip! The drinks contain 100% of the daily value of Vitamin C and 25mg of CBD per bottle. They are proven to strengthen skin, nails and hair, as well as boost your immune system and protect the body from environmental damage.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.