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Sparkling Functional Beverages Market worth $125.49 billion by 2030, growing at a CAGR of 9.96% - Exclusive Report by 360iResearch
Sparkling Functional Beverages Market | 360iResearch
The Global Sparkling Functional Beverages Market to grow from USD 64.54 billion in 2023 to USD 125.49 billion by 2030, at a CAGR of 9.96%.
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Sparkling functional beverages are carbonated drinks that, besides refreshment benefits, offer health-related benefits or functional claims. These may include added vitamins, minerals, electrolytes, fibers, or plant-based compounds, catering to consumers' growing interest in health and wellness. Consumers' increasing health awareness and inclination towards non-alcoholic beverages and consumer readiness to pay a premium price for various functional advantages are driving the market growth. Growing consumption of sports drinks due to increasing sports and exercise also fuels market growth. Strict and non-standard regulatory protocols for approval due to concerns over the safety of the beverage pose significant hurdles for the sparkling functional beverages market. The availability of inexpensive substitutes can lead to market saturation. The introduction of new and exotic flavors, the rising popularity of nootropic beverages, and attractive availability through online channels are expected to create significant growth in the market.
The sparkling functional beverages market in the Americas is experiencing substantial growth, driven by the increasing consumer demand for healthier alternatives to traditional soft drinks. Factors such as rising health awareness, the prevalence of lifestyle-related diseases, and the trend of on-the-go consumption are contributing to the expansion of this market. The United States represents major growth, with various brands and flavors catering to diverse consumer preferences. The South American market also shows growth potential, with an increasing middle-class population looking for premium health-oriented beverages. The Asia-Pacific (APAC) region possesses a burgeoning sparkling functional beverages market owing to a growing middle class, rapid urbanization, and increased consumer health consciousness. Countries such as China, Japan, and India are spearheading the market with a demand for beverages that offer wellness benefits alongside convenience. Moreover, the younger demographic is driving innovation in the space with a preference for unique and exotic flavors and attractive and sustainable packaging solutions. European consumers increasingly lean towards premium segments with a clear focus on health, environmental impact, and clean-label products. There is also a strong demand for organic and locally sourced ingredients. Although smaller in comparison, the Middle Eastern market is anticipated to grow, with a young and expanding population seeking novel and health-focused beverage options. Africa presents an untapped market with low per capita consumption, offering great potential for development, particularly in urban centers where consumer spending power is on the rise.
Market Segmentation & Coverage:
This research report categorizes the Sparkling Functional Beverages Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Category, market is studied across Flavored and Plain. The Plain is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Offline is further studied across Hypermarkets/Supermarkets and Specialty Stores. The Offline is projected to witness significant market share during forecast period.
Based on End-user, market is studied across Athletes and Fitness Lifestyle Users. The Athletes is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 51.00% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Sparkling Functional Beverages Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Sparkling Functional Beverages Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Sparkling Functional Beverages Market, highlighting leading vendors and their innovative profiles. These include Coca-Cola Company, Cold Spring Brewing Company, Danone S.A., Fonterra Co-operative Group Limited, GENERAL MILLS, INC., Genki Forest, Glanbia PLC, GLOW Beverages Inc., Güt Drinks, Keurig Dr Pepper, KICR Innovation Ltd, Koios Beverage Corp., Monster Beverage Corporation, MyDrink Beverages, National Beverage Corp., Nestle SA, Otsuka Holdings Co., Ltd., PepsiCo, Inc., Refresco B.V., Resync, LLC, Rishi Tea & Botanicals, Talking Rain, Tipp Distributors, Inc., Unique Beverage Company, LLC, and Zevia PBC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Sparkling Functional Beverages Market, by Category
7. Sparkling Functional Beverages Market, by Distribution Channel
8. Sparkling Functional Beverages Market, by End-user
9. Americas Sparkling Functional Beverages Market
10. Asia-Pacific Sparkling Functional Beverages Market
11. Europe, Middle East & Africa Sparkling Functional Beverages Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Sparkling Functional Beverages Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Sparkling Functional Beverages Market?
3. What is the competitive strategic window for opportunities in the Sparkling Functional Beverages Market?
4. What are the technology trends and regulatory frameworks in the Sparkling Functional Beverages Market?
5. What is the market share of the leading vendors in the Sparkling Functional Beverages Market?
6. What modes and strategic moves are considered suitable for entering the Sparkling Functional Beverages Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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