Global Functional Beverages Market, By Type (Probiotic Drinks, Energy Drinks, Fruit and Vegetable Juices, Herbal and Fruit Teas, Fortified Water, Rehydration Solutions, Dairy Beverages, Non-Dairy Beverages and Others), Packaging (Bottle, Tetra Pack, Sachet, Tin Can, and Others), Functions (Hydration, Energy and Rejuvenation, Health and Wellness, Weight Management and Others), Distribution Channel (Supermarket/Hypermarket, Pharmacies/Health Stores, Convenience Stores, Online Retail Stores, Other Distribution Channels), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
The functional beverages market is expected to witness market growth at a rate of 7.3% in the forecast period of 2022 to 2029. Data Bridge Market Research report on functional beverages market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growth in awareness globally is escalating the growth of functional beverages market.
Functional beverages refer to the non-alcoholic beverages as these drinks keep the body hydrated and possess a nutritious balance overall. These fortified drinks avoid health problems across different age groups. Functional beverages offer health-related benefits such as improving mental capacity, enhancing bone health, and strengthening the immune system, among others.
The increase in the health consciousness across the globe acts as one of the major factors driving the growth of functional beverages market. The growth in health awareness among consumers leading to increased consumption of healthier diets and rise in incidences of chronic diseases such as diabetes and cancer accelerate the market growth. The surge in consumption of nutritive convenience and fortified drinks and research and development and expansion of production capacity to improve applicability further influence the market. Additionally, surge in spending on food, mandates on food fortification by government organizations, media influence on consumer, rise in disposable income and rise in consumer awareness of health positively affect the functional beverages market. Furthermore, new research and development centers and new plants to help the functional beverages extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, food safety concerns and regulations are expected to obstruct the market growth. Lack of consistency in regulations pertaining to various ingredients is projected to challenge the functional beverages market in the forecast period of 2022-2029.
This functional beverages market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on functional beverages market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Functional Beverages Market Scope and Market Size
The functional beverages market is segmented on the basis of type, packaging, functions and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the functional beverages market is segmented into probiotic drinks, energy drinks, fruit and vegetable juices, herbal and fruit teas, fortified water, rehydration solutions, dairy beverages, non-dairy beverages and others.
- On the basis of packaging, the functional beverages market is segmented into bottle, tetra pack, sachet, tin can, and others.
- On the basis of functions, the functional beverages market is segmented into hydration, energy and rejuvenation, health and wellness, weight management and others.
- On the basis of distribution channel, the functional beverages market is segmented into supermarket/hypermarket, pharmacies/health stores, convenience stores, online retail stores, and other distribution channels.
Functional Beverages Market Country Level Analysis
The functional beverages market is analysed and market size, volume information is provided by country, type, packaging, functions and distribution channel referenced above.
The countries covered in the global functional beverages market report are the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the functional beverages market because of the rise in awareness regarding health and fitness within the region. North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the high awareness in the region.
The country section of the functional beverages market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Functional Beverages Market Share Analysis
The functional beverages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to functional beverages market.
Some of the major players operating in the functional beverages market report are PepsiCo, Inc., Nestlé, Kraft Foods, General Mills, Campbell Soup Co., Monster Beverage Corporation, The Coca-Cola Company, Red Bull GmbH, Archer Daniels Midland Co., DuPont Nutrition & Health, LycoRed Ltd., Fortitech, Inc., BASF SE, Nutratech, Inc., Maxinutrition, Glanbia, Clif Bar & Company, Universal Nutrition, Dr Pepper Snapple Group Inc., Groupe Danone, Tata Tea, GSK, RushNet, Jivita LLC, Old Orchard Brands, Cadbury Schweppes, Taut, and Energy69, among others.