Press release
Functional Beverages Market Trends | Natural Ingredients & Clean Labels in Focus | Major Companies - PepsiCo Inc, Amway Corporation, The Coca-Cola Company, Danone SA, Monster Beverage Corporation, JAB Holdings Company
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 is comprehensively covered in the DataM Intelligence report, which offers critical data, industry trends, and market intelligence. The study delves into the competitive environment, assessing leading players on their product portfolios, pricing, financial health, strategic growth initiatives, and geographic expansion.
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Functional beverages are drinks formulated with added ingredients that offer health benefits beyond basic nutrition, such as vitamins, minerals, probiotics, antioxidants, or adaptogens. These beverages aim to support functions like energy, immunity, digestion, and mental focus. Popular examples include sports drinks, fortified juices, kombucha, and plant-based waters, catering to growing consumer demand for health-focused, on-the-go hydration solutions.
Major players in the Functional Beverages market
The prominent players in Functional Beverages market research report are: 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.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Functional Beverages Market Key Development
➤ In January 2022, Halo Collective Inc. announced its entry into the functional beverage market through the proposed acquisition of H2C Beverages and a distribution and manufacturing agreement with Elegance Brands Inc.
➤ In July 2023, DSM and Firmenich entered a business combination agreement to form a leading innovation partner in nutrition, beauty, and well-being by merging their science platforms and product portfolios.
➤ On March 23, 2023, Baldwin Richardson Foods completed the asset acquisition of Aseptic Solutions USA Ventures, enhancing its capabilities in the food and beverage sector.
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Functional Beverages Market Segments
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
The Functional Beverages industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Functional Beverages Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
This Report Covers:
✔ Go-to-market Strategy.
✔ Neutral perspective on the market performance.
✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.
✔Customized regional/country reports as per request and country level analysis.
✔ Potential & niche segments and regions exhibiting promising growth covered.
✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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