Global Functional Juices Market, By Packaging (Bottle, Sachet, Tin Can, Tetra Pack, Others), Components (Carotenoids, Phenolic Acids, Flavonoids, Fatty Acids, Probiotics, Prebiotics, Minerals, Vitamins), Functions (Weight Management, Hydration, Health and Wellness, Energy and Rejuvenation, Others), Distribution Channel (Supermarkets/Hypermarkets, Drug Stores and Pharmacies, Convenience Stores, Online Retail Stores, Others), Country (U.S., Canada, Mexico, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherland, 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, Chile, Rest of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Functional Juices Market
The functional juices market is expected to be growing at a growth rate of 6.63% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of functional juices market. This rise in functional juices market value can be attributed to the surging infusion of natural ingredients in practical drinks has helped spark the interest of assorted health enthusiasts.
Functional juices are basically designed by adding some functional components to usual fruit juices. The basic components used in the preparation of these functional juices are carotenoids, phenolic acids, flavonoids, fatty acids, probiotics, prebiotics, minerals, and vitamins.
The rise in the consumer awareness of health is a major factor expected to the boost the growth of the functional juices market in the forecast period of 2021 to 2028. Furthermore, the increasing demand for enhanced beverage products, high demand of demand for innovative products, increasing presence in the rapidly growing DTC channel as well as the shifting inclination of consumers towards ready to drink,” “on the go,” drinks are also expected to fuel the expansion of functional juices market in the above mentioned forecast period.
However, the rise in the food safety concerns and regulations are expected to hamper the expansion of the functional juices market.
- In addition, the trend towards the consumption of ready-to-eat foods, rise in the product innovation, and increase in consumer per capita income will create ample opportunities for functional juices market in the forecast period of 2021 to 2028.
This functional juices 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 juices 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 Juices Market Scope and Market Size
The functional juices market is segmented on the basis of packaging, components, function and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of packaging, the functional juices market is segmented into bottle, sachet, tin can, tetra pack, and others.
- Based on components, the functional juices market is segmented into carotenoids, phenolic acids, flavonoids, fatty acids, probiotics, prebiotics, minerals, and vitamins.
- On the basis of function, the functional juices market is segmented into weight management, hydration, health and wellness, energy and rejuvenation, and others.
- Based on distribution channel, the functional juices market is segmented into supermarkets/hypermarkets, drug stores and pharmacies, convenience stores, online retail stores, and others.
Functional Juices Market Country Level Analysis
The functional juices market is analyzed and market size insights and trends are provided by country, packaging, components, function and distribution channel as referenced above.
The countries covered in the functional juices market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, 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, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the functional juices market owing to the high demand for functional juices products and increasing awareness of the health benefits associated with the consumption of functional juices. Asia-Pacific will register the highest growth for the forecast period of 2021 to 2028 owing to increase in consumer per capita income.
The country section of the functional juices 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 Juices Market Share Analysis
The functional juices 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 juices market.
The major players covered in the functional juices market report are Red Bull, PepsiCo, Inc., Nestlé, Kraft Foods, General Mills, Campbell Soup Co., Monster Beverage Corporation, The Coca-Cola Company, ADM, DuPont, 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.
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