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Functional Drinks Market 2023 Report By Key Companies, Regional Analysis And Forecast 2032
Functional Drinks Market
Functional Drinks Market Size, Growth Rate, And Forecast
The global functional drinks market size is expected to grow from $43.27 billion in 2022 to $46.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global functional drinks market size is expected to reach $60.13 billion in 2027 at a CAGR of 6.6%.
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Functional Drinks Market Drivers
Increasing healthcare costs are expected to propel the growth of the functional drink market going forward. A health expenditure is a capital consumption with the primary objective of encouraging, restoring, and sustaining health. Functional beverages contain substances that are considered to offer health benefits in addition to their basic nutritional value. Certain functional beverages contain antioxidants, vitamins, and minerals that boost the immune system, lower blood pressure, and reduce inflammation. It can be a cost-effective way to meet nutritional needs.
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Functional Drinks Market Segments
• By Product: Energy Beverages, Functional Fruit and Vegetable Juices, Sports Beverages, Functional Water, Other Products
• By Distribution Channel: Hypermarkets Or Supermarkets, Specialty Stores, Online, Other Distribution Channels
• By Application: Health And Wellness, Weight loss
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the functional drinks market.
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Functional Drinks Market Key Players
Major competitors in the functional drinks market include The Coca-Cola Company, PepsiCo Inc., Red Bull GmbH, Suntory Beverage and Food Ltd., Danone S.A., Nestlé SA, Kraft Heinz Co., Monster Beverage Corporation.
The Business Research Company's "Global Functional Drinks Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Functional Drinks Market Include:
1. Executive Summary
2. Functional Drinks Market Characteristics
3. Functional Drinks Market Trends And Strategies
4. Functional Drinks Market - Macro Economic Scenario
5. Functional Drinks Market Size And Growth
……
26. Africa Functional Drinks Market
27. Functional Drinks Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Functional Drinks Market
29. Functional Drinks Market Future Outlook and Potential Analysis
30. Appendix
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