Latin America Beauty Drinks Market By Product Type (Anti-Ageing, Radiance, Detoxicating And Vitality), By Ingredient Type (Vitamins And Minerals, Fruit Extracts, Coenzymes And Proteins), By Demographic Consumption (Teenagers, Younger Women And Mature Women) And By Country (Brazil, Mexico, Argentina, Chile and Rest of Latin America) – Size, Share, Trends, Growth, Forecast (2023 to 2028)
Latin America Beauty Drinks Market Growth and Forecast (2023 - 2028):
Latin America Beauty Drinks Market was worth $ 88.73 million in 2022 and estimated to be growing at a CAGR of 11.87%, to reach $ 155.47 million by 2028.
Market Overview:
Fast increasing demand for products that state to improve a person’s appearance from the inside out has produced a nearly boundless variety of inventions. These vary from drinks fortified with probiotics that help digestion and collagen enhanced yogurt, to beverages and snacks which promise to improve skin, hair and nails, help with weight loss or decrease the effects of aging.
Drivers:
Beauty drinks market is projected to show significant growth. Key factors that are estimated to drive the demand for beauty drinks market are increasing number of health aware consumers across various countries together with rising disposable income of customers. Furthermore, other factor that is anticipated to propel the market growth of the beauty drinks across the region is the easy accessibility of beauty drinks through online sales.
Latin America Beauty Drinks Market Segmentation Analysis:
Latin America market for Beauty Drinks is segmented by product type into Anti-Ageing, Radiance, Detoxicating and Vitality. Based on Ingredients type the market is segregated into Vitamins and Minerals, Fruit Extracts, Coenzymes and Proteins. By Demographic Consumption Type, the bifurcation is amongst Teenagers, Younger Women and Mature Women. Novel products with antioxidants have also been effective in delaying the early marks of ageing. Among these, collagen protein based products have been manufactured broadly constituting a large part of the total product variety.
Region Analysis:
Geographically the Latin America Beauty Drinks Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Mexico is dominating beauty drinks market for Latin America region and likely to continue its dominance over the forecast period.
Key Players in the Market:
Major Key Players in the Latin America Beauty Drinks Market are
- DyDo Drin Co
- Big Quark LLC
- SIPA spa
- Sappe Public Company Limited
- The Coca-Cola Company Inc
- Nestlé S.A
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