Functional Beverages Market 2023-2032: Production Analysis, Future Growth, Regional Segments And Major Players | PepsiCo Inc, The Coca-Cola Company, Red Bull GmbH, Danone, Nestle S.A

As per The Business Research Company's Template Opportunities And Strategies Market Report 2023, The functional beverages market reached a value of nearly $147,472.5 million in 2022, having grown at a compound annual growth rate (CAGR) of 6.2% since 2017. The market is expected to grow from $147,472.5 million in 2022 to $208,698.6 million in 2027 at a rate of 7.2%. The market is then expected to grow at a CAGR of 5.8% from 2027 and reach $276,086.4 million in 2032.

The increase in the awareness of fitness among people and the growing number of health-conscious consumers are expected to drive the market for functional beverages during the forecast period. Consumers are moving towards maintaining good health through various diets, including and vegan, and fitness training, including gym workouts. This shift is mainly attributed to the rise in sedentary jobs and busy lifestyles which are the major causes of diseases such as high blood pressure and diabetes. For instance, in August 2022, according to research by Koninklijke DSM N.V, a Netherlands-based company focused on health and nutrition, worldwide, 60% of consumers stated that the COVID-19 pandemic made them more conscious of preventing health problems by leading a healthy lifestyle. Therefore, the increasing number of health-conscious consumers will drive the functional beverages market.

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Companies are increasingly focusing on relaxation drinks as they gain popularity in the functional beverages market. Relaxation drinks are a mixture of herbs, such as chamomile, amino acids like melatonin, botanicals and vitamins that have been traditionally used as calming agents separately. For example, in October 2021, OHMG, a UK-based drinks brand, unveiled a range of magnesium-enriched drinks that aim to reduce anxiety and aid relaxation. The beverages are made with pure water infused with a bioavailable magnesium and functional botanicals that help reduce anxiety, tiredness and fatigue. In September 2020, PepsiCo, a USA-based food, snack and beverage corporation, launched Driftwell, a functional water product aimed at combating stress and inducing relaxation. The drink contained an amino acid found in tea and some herbal mushrooms, 200 grams of L-theanine and 10% of the recommended daily value of magnesium.

The top opportunities in the functional beverages market segmented by type will arise in the energy drinks segment, which will gain $19,553.1 million of global annual sales by 2027. The top opportunities in the functional beverages market segmented by function will arise in the health and wellness segment, which will gain $49,705.6 million of global annual sales by 2027. The top opportunities in the functional beverages market segmented by distribution channel will arise in the brick-and-mortar segment, which will gain $38,946.9 million of global annual sales by 2027. The functional beverages market size will gain the most in China at $15,801.2 million.

Functional Beverages Market Segmentation:
The Functional Beverages Market is segmented by type, by function, and by distribution channel.

By Type -
The functional beverages market is segmented by type into
a) Energy Drinks
b) Sports Drinks
c) Nutraceutical Drinks
d) Dairy-Based Beverages
e) Juices
f) Enhanced Water

By Function-
The functional beverages market is segmented by function into
a) Health And Wellness
b) Weight Management
By Distribution Channel -
The functional beverages market is segmented by distribution channel into
a) Brick And Mortar
b) Specialty Foodservice Stores
c) Online

Major players in the Functional Beverages Market include PepsiCo Inc, The Coca-Cola Company, Red Bull GmbH, Danone, Nestle S.A.

The regions covered in the global Functional Beverages Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Functional Beverages Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Functional Beverages Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Conclusions And Recommendations
22. Appendix

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