Press release
Global Functional Beverages Market Expected to Grow to $158.28 Billion by 2023 | Top Key Players Danone, Clif Bar & Company, Universal Nutrition, Cloud 9, The Coca-Cola Company
Functional Beverages Market
The global functional beverages market is expected to decline from $128.66 billion in 2019 to $125.39 billion in 2020 at a compound annual growth rate (CAGR) of -2.54%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $158.28 billion in 2023 at CAGR of 8.08%.
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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.
Increasing awareness of health is anticipated to propel the demand for functional beverages over the forecast period. Functional beverages help to enhance various body functionalities including the management of heart rate, digestive health, immune system, and weight management attributing to the presence of vitamins, minerals, herbs, and amino acids. The consumers are increasingly shifting towards the consumption of functional beverages that contain ingredients to address these specific health issues.
Functional Beverages Market Segmentation: -
By Type
Energy Drinks
Sports Drinks
Nutraceutical Drinks
Dairy-based Beverages
Juices
Enhanced Water
Others
By Function
Health & Wellness
Weight Management
By Distribution Channel
Brick & mortar
Online
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Few Points From Table Of Content
1. Executive Summary
2. Functional Beverages Market Characteristics
3. Functional Beverages Market Size And Growth
4. Functional Beverages Market Segmentation
5. Functional Beverages Market Regional And Country Analysis
.....
25. Functional Beverages Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Functional Beverages Market
27. Functional Beverages Market Trends And Strategies
28. Functional Beverages Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Functional Beverages Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in 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
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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