(Entertainment-NewsWire.com, September 27, 2017 ) According to the report Europe Beauty Drinks Market, published by Market Data Forecast, the Market was worth USD 221 million in 2016 and estimated to be growing at a CAGR of 11.18%, to reach USD 375.43 million by 2021. Europe is the largest shareholder region for beauty drinks market.
The beauty drinks market is a vastly niche and competitive industry. Players in this market compete on the basis of presence of different ingredients, availability and pricing. The market also features competition from different markets such as hot and cold beverages, fresh fruits and vegetables and other functional beverages. Novel products with antioxidants have also been effective in delaying the early marks of ageing.
Consumers are constantly seeking out new taste sensation which can be attained by driving the development of flavor technologies even forward. This establishes the basis for a steadily growing variety of natural beauty drinks. The market is poised to benefit from the growing body of research demonstrating the synergy between beauty and health. Other factors fuelling growth in the market include growing concerns over side effects posed by topical cosmetics. High cost of manufacturing for these drinks is likely to hinder the growth of beauty drinks market.
Europe 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 Teenager, Younger Women and Mature Women.
Geographically the market is segmented into U.K, France, Italy, Spain and Germany. Germany and France are estimated to grow at highest CAGR during the forecast period.
Key players that operate in the global beauty drinks market are DyDo Drin Co., Big Quark LLC, SIPA spa, Sappe Public Company Limited, The Coca-Cola Company Inc. and Nestlé S.A. Several firms functioning in the global beauty drinks markets are endlessly introducing new types of beauty drinks used for diverse target customer and applications.
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