According to the report Latin America Beauty Drinks market, published by Market Data Forecast, the Market was worth USD 71.5 million in 2016 and estimated to be growing at a CAGR of 11.87%, to reach 125.28 million by 2021.
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 ageing.
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.
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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.
Geographically the market is segmented into Mexico, Brazil and Argentina. Mexico is dominating beauty drinks market for Latin America region and likely to continue its dominance over 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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