Press release
Global Functional Beverage Market Size to Grow at a CAGR of 7% in the Forecast Period of 2023-2028
Functional Beverage Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
Forecast CAGR (2023-2028): 7%
The surging demand for immunity-boosting and hydrating drinks has supported the expansion of the functional beverage market. The growing demand for nutraceuticals and the improved living standards are the major driving forces of this market. Hectic lifestyles led by growing populations have encouraged the adoption of ready-to-drink beverages, which is fuelling to the overall growth of the market. Furthermore, growing prevalence of high cholesterol and stress, owing to sedentary lifestyles and increasing work pressure is motivating a sizeable population to switch from carbonated drinks to functional beverages, impacting the market positively.
Get a Free Sample Report with Table of Contents@ https://www.expertmarketresearch.com/reports/functional-beverage-market/requestsample
In the functional beverage market, sports drinks type of functional beverages are projected to witness a robust growth due to the growing prevalence of gyms and fitness centres, and the rising population of fitness-conscious people. The greater convenience offered by online shopping coupled with the thriving e-commerce sector and quick delivery is likely to flourish the online retail stores distribution channels of functional beverages, which is likely to be favourable for further market expansion. Meanwhile, the wide range of choices offered by supermarkets/hypermarkets and the availability of beverages in bulk is also expected to surge the market demand for functional beverages in the forecast period.
Functional Beverage Industry Definition and Major Segments
Functional beverages are non-alcoholic beverages which prove consumers with additional health benefits beyond basic nutrition. These drinks have numerous health benefits and thus help in improving the general conditions of the human body and aiding in weight loss and boosting immune system. The specific health advantages and nutritional profile vary depending upon the particular drink.
On the basis of type, the market is classified into:
Energy Drinks
Sports Drinks
Fortified Juices
Dairy and Dairy Alternative Beverages
Others
Based on distribution channel, the market is segmented into:
Supermarket/Hypermarket
Pharmacies/Health Stores
Convenience Stores
Online Retail Stores
Others
On the basis of region, the market is divided into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/functional-beverage-market
Functional Beverage Market Trends
The rising health awareness amongst the population and the growing indulgence in sports is expected to expand the functional beverage market. The demand for zero-sugar, low carb beverages, coupled with the rising prevalence of natural product ingredients are the key trends of this market that are leading to its growth. Market players are increasingly focussing on manufacturing functional beverages with clean-labels targeting the increasing population following a vegan, plant-based, and healthy diets. Increasing celebrity endorsements and adoption of attractive packaging by market players is further bolstering the growth of the market. The emergence of 24×7 retail stores in the developing economies has made the atmosphere favourable for the expansion of the market for functional beverages.
Stringent regulations of various governments regarding the ingredients of these beverages coupled with growing research and development towards new product development is accelerating the growth of the functional beverage market. Additionally, the surging demand for energy drinks and coffee amongst the corporate workers and college students, owing to their long hectic working-hours and additional benefits of coffee like promoting cognitive health, is likely to create a boom in this market. Healthier options like soymilk and probiotic drink kombucha are likely to be adopted by a sizeable population, in line with the growing consumer education regarding the benefits of fermented drinks with natural ingredients.
Key Market Players
The major players in the global functional beverage market report are PepsiCo Inc., Red Bull GmbH, The Coca-Cola Company, Danone S.A, and Monster Beverage Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
Read More Reports
https://www.digitaljournal.com/pr/global-advanced-functional-materials-market-share-size-scope-growth-research-analysis-report-and-forecast-period-of-2023-2028
https://www.digitaljournal.com/pr/global-plate-and-frame-heat-exchangers-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
https://www.digitaljournal.com/pr/united-states-ostomy-care-and-accessories-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
https://www.digitaljournal.com/pr/global-nicotine-replacement-therapy-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
https://www.digitaljournal.com/pr/latin-america-in-vitro-diagnostics-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
https://www.digitaljournal.com/pr/middle-east-and-africa-in-vitro-diagnostics-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
https://www.digitaljournal.com/pr/mexico-in-vitro-diagnostics-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
https://www.digitaljournal.com/pr/global-vessel-monitoring-system-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
https://www.digitaljournal.com/pr/north-america-in-vitro-diagnostics-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
https://www.digitaljournal.com/pr/global-smart-waste-management-market-size-share-price-trends-growth-analysis-key-players-outlook-report-forecast-2023-2028
Media Contact:
Company Name: Claight Corporation
Contact Person: Sophia Grace, Corporate Sales Specialist - U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
LinkedIn:- https://www.linkedin.com/company/expert-market-research
About Us:
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Functional Beverage Market Size to Grow at a CAGR of 7% in the Forecast Period of 2023-2028 here
News-ID: 3055724 • Views: …
More Releases from Expert Market Research
United States Webcam Market Size, Growth & Trends 2025-2034
The United States webcam market has experienced substantial growth in recent years, fueled by the increasing demand for high-quality video communication tools. Webcams, which were once primarily used for video conferencing, have become essential for various applications, including content creation, gaming, online education, and telehealth. The widespread adoption of remote work and digital learning has further accelerated the growth of this market.
In 2024, the U.S. webcam market was valued at…
Precision Medicine Market: A Deep Dive into Its Evolving Landscape
The precision medicine market represents one of the most transformative shifts in modern healthcare. Instead of relying on generalized treatments that assume all patients respond similarly, precision medicine leverages biological, genetic, and lifestyle data to deliver interventions tailored to the individual. This personalized approach is reshaping how diseases are prevented, diagnosed, and managed. Its importance continues to grow as healthcare systems seek more efficient, patient-centered solutions capable of improving outcomes…
Global Industrial Hemp Market: Growth, Trends, and Future Outlook 2034
The global industrial hemp market is on a rapid growth trajectory. In 2024, the market size is expected to reach approximately USD 5.99 billion, and it's projected to grow at a compound annual growth rate (CAGR) of 19.00% during the forecast period from 2025 to 2034. By 2034, the market is set to reach an impressive value of USD 34.16 billion. This growth is driven by the increasing demand for…
Laboratory Information System Market Hits $2.1B, 9% CAGR
Why Is the Laboratory Information System Market Growing So Rapidly in 2024-2034?
The laboratory information system market is undergoing significant expansion due to increasing digitalization in healthcare and growing demand for efficient diagnostic workflow management. As laboratories face rising testing volumes, stricter regulatory requirements, and a growing need for automated sample tracking, the adoption of LIS platforms has accelerated globally.
In 2024, the market reached USD 2.10 Billion, and with a robust…
More Releases for Beverage
Beverage Coolers Market
Global Acetochlor Market is expected to grow at a significant CAGR during the forecast period 2024-2031
Acetochlor Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help…
Beverage Processing Equipment Market Transforming Production with Advanced Machi …
"𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬 𝐰𝐢𝐭𝐡 𝐒𝐦𝐚𝐫𝐭𝐞𝐫 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧𝐬"
The latest study released on the Beverage Processing Equipment Market evaluates market size, trend, and forecast to 2030. The Beverage Processing Equipment market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and…
Rising Beverage Consumption Boosts Beverage Can Market to $41.93 Billion by 2028
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Beverage Can Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $41.93 billion In 2028 At…
Performance Beverages Market Is Booming Worldwide | High Performance Beverage, R …
Advance Market Analytics published a new research publication on "Performance Beverages Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Performance Beverages market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Growing Preference for Beverage Dispensers with Commercial Beverage Dispensers M …
"The Report Global Commercial Beverage Dispensers Market 2017-2021 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz"
About Commercial Beverage Dispensers
Commercial beverage dispensers refer to containers that keep beverages fresh for a long period of time. This equipment also allows beverages to be dispensed in prescribed amounts and is mainly used by foodservice establishments such as hotels, restaurants, catering companies, clubs, and pubs.
Technavios…
Beverage Packaging Market
Zion Research has published a new report titled “Beverage Packaging (Bottle, Can, Pouch, and Carton) Market, By Material (Glass, Plastic, Metal, and Paperboard), for Alcoholic, Non-Alcoholic, and Dairy Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. According to the report, global demand for beverage packaging market was valued at USD 108.4 billion in 2015, is expected to reach USD 138.7 billion in…
