Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Functional Beverages. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Functional Beverages study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Functional Beverages.
In 2020, the global functional beverages market value was $110,148.5 million. The global functional beverages market will grow at a compound annual growth rate of 5.3% during the forecast period from 2021-2027.
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The ingredients of functional beverages can include raw fruit, minerals, herbs, probiotics, and sometimes artificial additives. These health benefits extend beyond their nutritional value, and they have a positive influence on both body and mind. Functional beverages solve food and beverage deficiencies, which require wide-area distribution from the retail sector. Increasing numbers of large retail stores in developing economies, including supermarkets, hypermarkets, and specialty stores, have made functional beverages more readily available. Also, retailers are contributing to the increase in sales of functional drinks.
Factors Affecting the Global Functional Beverages Market
- Functional beverages are forecast to experience strong growth due to the rising number of fitness enthusiasts and the growing inclination of consumers towards a healthy lifestyle.
- Increasing numbers of athletes participating in sports at a national and international level are likely to boost the market growth throughout the forecast period for functional beverages.
- Due to the trend of casual users for sports and energy drinks, beverage manufacturers are now creating drinks with low calories and fats and adding flavors from fruits and vegetables. Moreover, the role of distribution channels in the functional beverage market is crucial. Therefore, the growth of the market is due to specialty stores, supermarkets, and hypermarkets.
- During the forecast period, energy drink consumption and availability of healthy substitutes are likely to restrain the growth of the functional beverages market.
Regional Analysis of the Global Functional Beverages Market
During the forecast period, North America is forecast to maintain its market dominance as the leading functional beverages market in 2020. Consumer preferences for more natural ingredients have had little effect on the product market in North America, despite an increase in demand for natural products. Additionally, this region’s market growth is fueled by the surge of young adults and athletes. In addition, functional beverages, such as sports and energy drinks, increase athletic performance and endurance, driving the demand for dairy-based beverages and sports drinks. Thus, all these factors are forecast to promote the growth of the functional beverage market in this region. Among the leading sports and energy functional beverages companies in North America are Monster Beverage Corp., Red Bull GmbH, and Dr. Pepper Snapple Group Inc. These companies drive the market growth for functional drinks.
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Key Players in the Global Functional Beverages Market
The leading competitors profiled in the global functional beverages market are:
- The Coca-Cola Company
- Red Bull
- Pepsico, Inc.
- Nestlé S.A.
- Dupont Nutrition Biosciences ApS
- MaxiNutrition
- Clif Bar
- Monster Beverage Corporation
- Meiji Co., Ltd
- National Beverage Corp.
- Other Players
Segmentation Analysis of the Global Functional Beverages Market
The global functional beverages market segmentation is based on Distribution Channel, End-User, Type, and Region.
Segmentation based on Distribution Channel
- Supermarket and Hypermarket
- Specialty Stores
- E-Commerce
- Others
Segmentation based on End-User
- Athletes
- Fitness Lifestyle Users
- Others
Segmentation based on Type
- Energy Drinks
- Sports drinks
- Dairy-based beverages
- Juices
- Others
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Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Functional Beverages Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Functional Beverages market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Functional Beverages Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Functional Beverages market Size Forecast (2023-2030).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Functional Beverages market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Functional Beverages market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Functional Beverages market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Functional Beverages business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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