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Functional Beverages Market Poised to Surge, Projected to Reach $179.80 Billion by 2029

02-15-2024 12:49 PM CET | Food & Beverage

Press release from: Meticulous Research®

/ PR Agency: Meticulous research
Functional Beverages Market Poised to Surge, Projected to Reach

[Redding, California, 15-02-2024]: Meticulous Research®, the trailblazing global market research firm, has unveiled its latest research report titled 'Functional Beverages Market by Type, Application, Distribution Channel, and Geography-Global Forecasts to 2029', projecting a staggering growth trajectory for the industry. According to this authoritative publication, the functional beverages market is slated to achieve a remarkable CAGR of 6.7% from 2022 to 2029, reaching a monumental value of $179.80 billion by the end of the forecast period.

Download Sample Report : https://www.meticulousresearch.com/download-sample-report/cp_id=5407

The surge in the functional beverages market is underpinned by a confluence of factors, including burgeoning demand in emerging economies, a paradigm shift towards healthier lifestyle choices, and escalating health expenditures globally. However, challenges such as the availability of healthier alternatives and premium pricing compared to conventional beverages are anticipated to moderate the market's growth to a certain extent.
Diving deep into the market landscape, the report segments the functional beverages market by type, encompassing energy drinks, sports drinks, dairy-based beverages, nutraceutical drinks, vegetable & fruit beverages, among others. Moreover, it delves into various applications such as health & wellness and weight management, alongside dissecting distribution channels including supermarkets & hypermarkets, convenience stores, pharmacies & health stores, E-commerce, among others.

Have Any Query ? Speak To Our Analyst : https://www.meticulousresearch.com/speak-to-analyst/cp_id=5407

Of notable significance is the revelation that the sports drinks segment is poised to register the highest CAGR during the forecast period, driven by surging popularity among adolescents and adults, coupled with heightened health consciousness and an increasing preference for clean-label products.
In terms of distribution channels, while the convenience store segment is anticipated to command the largest share of the market in 2022, the E-commerce segment is expected to witness the highest CAGR, fueled by factors such as product diversity, attractive discounts, and doorstep delivery services.
Geographically, North America is forecasted to dominate the functional beverages market in 2022, attributed to heightened awareness regarding the health benefits of functional beverages and a robust demand for innovative, healthier food and beverage options. Meanwhile, the Asia-Pacific region is poised to exhibit the fastest growth, driven by rising incidences of lifestyle diseases, evolving dietary preferences, and a burgeoning fitness culture.

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The competitive landscape of the functional beverages market is characterized by a blend of global behemoths and nimble regional players. Key players such as Danone S.A., Meiji Holdings Co., Ltd., Monster Beverage Corporation, among others, are actively shaping the industry's trajectory with innovative offerings and strategic expansions.
With its comprehensive analysis and unparalleled insights, Meticulous Research®'s latest report serves as an indispensable guide for stakeholders, enabling them to navigate the dynamic terrain of the functional beverages market with precision and foresight.

Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.

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