Functional Beverages Market | Emerging Trends, Growth Drivers & Key Players 2024-2031 | PepsiCo Inc, Amway Corporation, Danone SA.

Global Functional Beverages Market reached USD 130.4 billion in 2022 and is expected to reach USD 325.1 billion by 2031 growing with a CAGR of 12.1% during the forecast period 2024-2031.

Functional Beverages 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 clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Functional Beverages Market includes drinks infused with health-boosting ingredients like vitamins, minerals, probiotics, and antioxidants. These beverages support hydration, energy, digestion, and immunity, catering to health-conscious consumers. Popular types include energy drinks, sports drinks, fortified juices, and probiotic beverages. With growing wellness trends, the market is expanding as people seek convenient, functional nutrition in their daily routines.

List of the Key Players in the Functional Beverages Market:

PepsiCo Inc, Amway Corporation, The Coca-Cola Company, Danone SA, Monster Beverage Corporation, JAB Holdings Company, General Nutrition Centers Inc., The Hain Celestial Group Inc., Fonterra Co-operative Group, and Red Bull GmbH.

Industry Development:

In January 2022, Halo Collective Inc. took a bold step into the functional beverage market by planning a stock-based acquisition of H2C Beverages, a private company in the space. As part of this expansion, Halo also entered into a distribution and manufacturing agreement with Elegance Brands Inc., strengthening its presence in the industry.

In July 2023, DSM and Firmenich announced an exciting merger aimed at creating a powerhouse in nutrition, beauty, and well-being. This partnership combines Firmenich's expertise in perfumery, taste, and co-creation with DSM's strong health and nutrition portfolio and scientific innovation, setting the stage for groundbreaking advancements in these sectors.

Growth Forecast Projected:

The Global Functional Beverages Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Functional Beverages Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Functional Beverages Market:

By Product Type: Energy Drinks, Functional Juices, Functional Water, Dairy Alternative Beverages, Others.

By End-User: Athletes, Fitness Lifestyle Users, Others.

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Online Sales, Others.

Regional Analysis for Functional Beverages Market:

The regional analysis of the Functional Beverages Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Functional Beverages market?

➠ Who are the leading manufacturers in the global Functional Beverages industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Functional Beverages industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Functional Beverages market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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