Functional Beverages Market CAGR of 5.9% : Pumping the Future | North America Dominate by USA
The players operating in the functional beverages industry have adopted product launch and business expansion as their key developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Red Bull, Dupont Nutrition Biosciences ApS, MaxiNutrition, Clif Bar, The Coca-Cola Company, Monster Beverage Corporation, Meiji Co., Ltd, Nestlé S.A., National Beverage Corp., and Pepsico, Inc...
Get Research Sample Copy @ https://www.alliedmarketresearch.com/request-sample/13452
The functional beverages market share is expected to reach $200,080.3 million by 2030, registering a CAGR of 5.9% from 2021 to 2030.
Functional beverages are nonalcoholic drinks which provides physical and mental health benefits and promote the state of health and well-being. Raw fruit, vitamins, herbs, vegetables, amino acid, probiotics, milk and some artificial additives are used to formulate the functional beverages.
Rising demand for sports and energy drinks among athletes and individuals engaged in intense physical activities majorly drives the functional beverages market growth. The growing athlete community and an increasing number of sportspersons in developing countries are some of the other factors driving the market. In addition, rising consumer inclination towards physical fitness and an increased number of fitness centers and health clubs are expected to fuel the market growth. Manufacturers are focusing on expanding their product portfolio by innovating new flavors with added health benefits. They are targeting different age groups owing to the popularity of sports drinks among teenagers and adults. The production of functional beverages with natural ingredients, such as natural sweeteners, is expected to propel the market growth by providing an opportunity to the manufacturers to add value to their products.
Make an Enquiry @ https://www.alliedmarketresearch.com/purchase-enquiry/13452
Furthermore, availability of alternative beverages such as green tea, ginger root tea, coffee, fresh juice, and others limits the growth of the functional beverages market. Moreover, consumption of coffee reduces the effect of caffeine present in energy drinks. Espresso coffee may taste stronger, however, it often contains less caffeine than drip coffee. Moreover, eliminating sugar from coffee or substituting it with stevia or honey prevents overdose of excessive sugar. Therefore, such alternatives hamper the global market growth for energy drinks, which in turn, decrease the growth of the functional beverages market.
According to the functional beverages market analysis, the functional beverages market segmented into type, distribution channel, end user and region. On the basis of type, the market is categorized into energy drinks, sports drinks, dairy-based beverages, juices and others. By distribution channel, it is bifurcated into supermarket and hypermarket, specialty stores, E-commerce and others. Depending on end user, it is segregated into athletes, fitness lifestyle users and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, Australia, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa and Rest of LAMEA).
Speak to Our Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/13452
According to the functional beverages market trends, on the basis of type, the sports drinks segment was valued at $ 21,543.1 million in 2020, and is projected to reach $ 41,376.2 million by 2030, growing at a CAGR of 6.5% from 2021 to 2030. The growing inclination of the millennial population towards physical and fitness activities, rising buying power and willingness to pay for healthier alternatives are some of the major factors accelerating the demand for sports drinks. Furthermore, benefits associated with sports drinks for athletes such as minimize the risk of dehydration and electrolytes, maintain the balance of electrolytes in body and replaces sweat are likely to garner the demand for sports drinks, which in turn boost the growth of the functional beverages market
According to distribution channel, the specialty stores segment was valued at $ 24,249.3 million in 2020, and is expected to grow at $ 45,637.6 million by 2030, registering a CAGR of 6.3%. Consumers prefer to analyze and evaluate products before purchase, thereby boosting the retail sales of functional beverages products through specialty store. In addition, consumers getting highly aware and knowledgeable about their purchasing items, they proactively checking the ingredients, processing methods and raw material used so as people majorly prefer to buy products form specialty stores.
On the basis of end user, the athletes segment was accounted for considerable share in global product market and is expected sustain its share throughout functional beverages market forecast period. Growing participation of the people in national and international level sports and popularity and benefits of sports drinks are likely favor the growth of the functional beverages industry through athletes segment. Furthermore, active and increasing participation of the women in Olympics is further supporting to increase the global number of athletes which likely to garner the growth of the product market during the forecast period.
Buy Now @ https://www.alliedmarketresearch.com/checkout-final/d9144397a3e5360502c930e97c5999b9
According to the functional beverages market opportunities, region wise, Asia-Pacific has been gaining significant traction for functional beverages and is expected to sustain its traction during the forecast period. Rise in demand for convenience beverage is one of the major factors that promote the growth of the energy drinks market in Asia-Pacific. Furthermore, widening media exposure and aggressive marketing by energy drink companies have contributed to the adoption of energy drinks by regional manufacturers. Moreover, increase in trend of workaholic culture and rise in sports & adventurous activities are expected to boost the demand for energy drinks. Increase participation of the people in sport at national and international level special in India and China and enrolment for fitness and health clubs signifies the increasing number of athletes and fitness freak people in Asia Pacific region, which in turn, strengthen the customer base for functional beverages.
Key Findings Of The Study
The functional beverages market size was valued at $ 110,148.9 million in 2020, and is estimated to reach $ 200,080.3 million by 2030, registering a CAGR of 5.9% from 2021 to 2030.
In 2020, depending on type, the dairy-based beverages segment accounted for $ 7,215.1 million, garnering 6.6% of the global market share.
On the basis of distribution channel, the E-Commerce segment acquired $ 12,555.8 million, exhibiting 11.4% of the global market share.
In 2020, by end user, the athletes segment was valued at $35,319.6 million, accounting for 32.1% of the market share.
U.S. was the most prominent market in North America in 2020, and is projected to reach $ 53,683.3 million by 2030, growing at a CAGR of 4.2% during the forecast period.
Browse Related Reports:-
Global Algae Protein Market to reach $709.0 million by 2028: Allied Market Research
Textured Vegetable Protein Market to Reach $2.13 Bn, Globally, by 2027 at 9.2% CAGR: Allied Market Research
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Toll Free: +1-800-792-5285
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
This release was published on openPR.
Permanent link to this press release:
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 Functional Beverages Market CAGR of 5.9% : Pumping the Future | North America Dominate by USA here
News-ID: 3309016 • Views: …
More Releases from Allied Market Research (AMR)
Hydrocolloidal Market Emerging Altitudes Anticipating Market Size's Soaring Outl …
Allied Market Research Report on Hydrocolloidal Market, 2023-2032 Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/271717 Highlights: - The global hydrocolloidal industry reached $10.9 billion in 2022 and is projected to grow to $18.7 billion by 2032, at a CAGR of 5.6%. - The market faces challenges from fluctuating raw material prices, but it benefits from the increased demand for plant-based and natural ingredients. - COVID-19 caused supply chain disruptions, changes in consumer behavior, and increased
Construction Films Market Upcoming Peaks Market Size's Projection to Reach New H …
Allied Market Research recently released a report on the construction films market, indicating that it generated $8.0 billion in 2020 and is projected to reach $14.6 billion by 2030, with a compound annual growth rate (CAGR) of 6.3% from 2020 to 2030. Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A07820 According to Eswara Prasad, the Manager of Materials & Chemicals at Allied Market Research, the construction industry is expanding globally in both financially
Inorganic Salts Market Research Strategies for Data-Driven Decision Making
Allied Market Research has released a comprehensive report entitled "Global Inorganic Salts Market Analysis and Forecast, 2021-2030," which provides detailed insights into the market's current state and potential growth opportunities. According to the report, the global inorganic salts market was valued at $92.2 billion in 2020 and is expected to reach $150.7 billion by 2030, representing a CAGR of 5.1% during the forecast period. Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/15461 Key Drivers, Restraints, and
Metal Roofing Market Through Their Eyes Techniques for Deep Understanding in Obs …
The global metal roofing market saw a surge of activity in 2020, reaching a total value of $23.8 billion. Forecasters predict a steady climb to $33.5 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 3.5% projected from 2021 to 2030. Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/15334 A detailed analysis of market trends, top segments, investment prospects, the value chain, regional landscapes, and competition scenarios has been provided by Allied Market Research. Key
More Releases for Beverage
Draft Beer Market 2019 by Segment Forecasts 2026 | Beverage Air, Beverage Factor …
Worldwide Draft Beer market research report is an expert and clear report focusing on essential and additional drivers, parts of the overall industry, driving sections and geological surveys. The analysis and estimation of significant industry patterns, market size and shares are referred to in the Draft Beer Market Report. Market drivers, restraints, and opportunities have been evaluated to explain the anticipated nature of investments and their impact on the Global Draft
Sports Drink Market 2019 By Key Players: Pepsico, Coca Cola, Monster Beverage, A …
Global Sports Drink Market research Report peaks the detailed analysis of industry share, growth factors, development trends, size, majors manufacturers and 2023 forecast.The report also analyze innovative business strategies, value added factors and business opportunities Sports drinks are prepared according to the characteristics of physiological consumption during exercise, and can be targeted to supplement the lost nutrition during exercise, play a role in maintaining and improving exercise capacity, and speed up
Instant Beverage Premixes Market
https://www.qandqmarketresearch.com/reports/7293858/instant-beverage-premixes-market-62 Instant beverage premixes are prepared drinks, which boost metabolism, enhance functionality, and provide healthy hydration. Instant beverage premix market analysis is primarily split into different type including instant coffee, instant tea, instant milk and instant health drinks and soups. In 2017, the global Instant Beverage Premixes market size was xx million US$ and is forecast to xx million US in 2025, growing at a CAGR of xx% from 2018. The objectives of
Beverage Emulsion Market: Uptake in Demand for Multifunctional Beverage Emulsion …
Water or oil flavored emulsion is one of the most commonly employed flavor delivery system in the beverage industry. Carbonated or still beverages account for majority of the water or oil flavor emulsions among the beverage variants. These insights have been acquired from a report, titled “Global Market Study on Beverage Emulsion: North America to Increase Consumption in the Near Future with Public Health Consciousness being the Core Focus,” recently
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