The global functional beverages market is expected grow from $121.18 billion in 2020 to $130.51 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $173.23 billion in 2025 at a CAGR of 7%.
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The functional beverages market consists of sales of functional beverages and related services. Functional beverages are non-alcoholic drinks which contain non-traditional ingredients such as vitamins, minerals, dietary fibers, probiotics, and added fruits. Function drinks include energy drinks, sports drinks, enhanced fruit drinks, and functional bottles water.
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The functional beverages market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the functional beverages market are Danone, Clif Bar & Company, Universal Nutrition, Cloud 9, The Coca-Cola Company, Monster Beverage Corporation, Arla foods, National Beverage Corp, Cloud 9, Nestle, GNC Holdings, Pepsico Inc, Dr. Pepper Snapple Group, Redbull GmBH, GlaxoSmithKline Consumer Healthcare Ltd, Suntory Holdings Ltd., Kraft Foods, Tata Global Beverages, Mondelez International Inc, Abbott Nutrition Inc.
The global functional beverages market is segmented –
1) By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-based Beverages, Juices, Enhanced Water, Others
2) By Function: Health & Wellness, Weight Management
3) By Distribution Channel: Brick & Mortar, Online
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The functional beverages market report describes and explains the global functional beverages market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The functional beverages report evaluates the market across each region and for the major economies within each region.
The countries covered in the global functional beverages market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global functional beverages market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Functional Beverages Market Characteristics
- Functional Beverages Market Product Analysis
- Functional Beverages Market Supply Chain
- Key Mergers And AcquisitionsIn The Functional Beverages Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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