The Functional Beverages Market is expected to grow from USD 125.39 billion in 2020 to USD 216.7 billion by 2028, at a CAGR of 7.08% during the forecast period 2021-2028.
The functional drinks industry consists of sales of functional beverages by non-alcoholic beverage producers (organisations, individual dealers, and partnerships). A functional beverage is a non-alcoholic beverage that has been formulated to have an added purpose, usually in the form of a health aid or performance enhancer. Minerals, vitamins, probiotics, dietary fibers, and added fruits are among the non-traditional ingredients used in functional drinks. The practical beverages industry processes raw materials into drinks, packages them, and distributes them to both individual consumers and commercial outlets through different distribution networks.
The factors driving the market are rising demand for enhanced beverage products, growing consumer awareness of health, key players innovation and development. The growth of the functional beverages market is fueled by increasing customer understanding of health, rising demand for enhanced beverage goods, and key players' innovation and production. To aid the growth of the functional drinks industry, major players are pursuing numerous innovations such as the introduction of new brands, the opening of new research and development centers, and the construction of new plants. The factors restraining the market growth are growing stringent regulation and food safety concerns.
This study delivers a comprehensive analysis of type, product, and region. The type segment includes probiotic drinks, energy drinks, fruit & vegetable juices, herbal and fruit teas, fortified water, rehydration solutions, dairy beverages, non-dairy beverages and others. Energy drinks segment dominated the market and held the largest market share of 20.9% in the year 2020. This growth is attributed to the rising adoption of energy drinks and the increase in reliance on them for instant energy amongst the busy population. The packaging segment includes bottle, tetra pack, sachet, tin can, and others. The functions segment includes hydration, energy & rejuvenation, health & wellness, weight management and others.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Because of increasing demand for functional beverage products and increased awareness of the health benefits associated with their use, North America currently has the highest market share in the functional beverage market. It is predicted to retain its dominance for the duration of the forecasted period. Due to increased demand for functional drinks in these regions, the market in Europe and Asia-Pacific is expected to grow significantly during the forecast period. The increase in consumer per capita income as a result of the developing economy in Asia-Pacific will have a significant impact on the region's functional beverage industry.
Some of the notable players in the market are Red Bull GmbH, PepsiCo, Inc.,Nestlé, Kraft Foods, Taut, General Mills, Monster Beverage Corporation, Archer Daniels Midland Co., DuPont Nutrition & Health, LycoRed Ltd., BASF SE, Nutratech, Inc., Maxinutrition, Glanbia, Clif Bar & Company, The Coca-Cola Company, Universal Nutrition, Dr Pepper Snapple Group Inc., GroupeDanone, Tata Tea, GSK, RushNet, Campbell Soup Co., Jivita LLC, Old Orchard Brands, Fortitech, Inc., Cadbury Schweppes, and Energy69
Functional Beverages Market Analysis and Forecast, Type
Functional Beverages Market Analysis and Forecast, Packaging
Functional Beverages Market Analysis and Forecast, Functions
Functional Beverages Market Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Type
4.3.2. Market Attractiveness Analysis By Packaging
4.3.3. Market Attractiveness Analysis By Functions
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising demand for enhanced beverage products
5.2.2. Growing consumer awareness of health
5.2.3. Key players innovation and development
5.3. Restraints
5.3.1. High cost of R&D
5.3.2. Stringent regulations
5.3.3. Food safety concerns
6. Global Functional beverages Market Analysis and Forecast, By Type
6.1. Segment Overview
6.2. Probiotic Drinks
6.3. Energy Drinks
6.4. Fruit & Vegetable Juices
6.5. Herbal and Fruit Teas
6.6. Fortified Water
6.7. Rehydration Solutions
6.8. Dairy Beverages
6.9. Non-Dairy Beverages
6.10. Others
7. Global Functional beverages Market Analysis and Forecast, By Packaging
7.1. Segment Overview
7.2. Bottle,
7.3. Tetra Pack,
7.4. Sachet,
7.5. Tin Can
7.6. Other
8. Global Functional beverages Market Analysis and Forecast, By Functions
8.1. Segment Overview
8.2. Hydration,
8.3. Energy & Rejuvenation,
8.4. Health & Wellness,
8.5. Weight Management
8.6. Others
9. Global Functional beverages Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Functional beverages Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Functional beverages Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Operations Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Pepsi Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Operations Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Red Bull GmbH
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Operations Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Nestlé
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Operations Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Taut Group
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Operations Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Kraft Foods
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Operations Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. General Mills
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Operations Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Monster Beverage Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Operations Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Archer Daniels Midland Co.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Operations Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. DuPont Nutrition & Health
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Operations Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. The Coca-Cola Company
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Operations Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. RushNet
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Operations Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
11.12. Energy69
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Operations Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Functional beverages Market, By Type, 2018-2028 (USD Billion)
2. Global Probiotic Drinks, Functional beverages Market, By Region, 2018-2028 (USD Billion)
3. Global Energy Drinks, Functional beverages Market, By Region, 2018-2028 (USD Billion)
4. Global Fruit & Vegetable Juices, Functional beverages Market, By Region, 2018-2028 (USD Billion)
5. Global Herbal and Fruit Teas, Functional beverages Market, By Region, 2018-2028 (USD Billion)
6. Global Fortified Water, Functional beverages Market, By Region, 2018-2028 (USD Billion)
7. Global Rehydration Solutions, Functional beverages Market, By Region, 2018-2028 (USD Billion)
8. Global Dairy Beverages, Functional beverages Market, By Region, 2018-2028 (USD Billion)
9. Global Non-dairy Beverages, Functional beverages Market, By Region, 2018-2028 (USD Billion)
10. Global Others, Functional beverages Market, By Region, 2018-2028 (USD Billion)
11. Global Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
12. Global Bottle, Functional beverages Market, By Region, 2018-2028 (USD Billion)
13. Global Tetra Pack, Functional beverages Market, By Region, 2018-2028 (USD Billion)
14. Global Sachet, Functional beverages Market, By Region, 2018-2028 (USD Billion)
15. Global Tin Can, Functional beverages Market, By Region, 2018-2028 (USD Billion)
16. Global Other, Functional beverages Market, By Region, 2018-2028 (USD Billion)
17. Global Functional beverages Market, By Functions, 2018-2028 (USD Billion)
18. Global DNA Typing, Functional beverages Market, By Region, 2018-2028 (USD Billion)
19. Global Hydration, Functional beverages Market, By Region, 2018-2028 (USD Billion)
20. Global Energy & Rejuvenation, Functional beverages Market, By Region, 2018-2028 (USD Billion)
21. Global Health & Wellness, Functional beverages Market, By Region, 2018-2028 (USD Billion)
22. Global Weight Management, Functional beverages Market, By Region, 2018-2028 (USD Billion)
23. Global Others, Functional beverages Market, By Region, 2018-2028 (USD Billion)
24. North America Functional beverages Market, By Type, 2018-2028 (USD Billion)
25. North America Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
26. North America Functional beverages Market, By Functions, 2018-2028 (USD Billion)
27. U.S. Functional beverages Market, By Type, 2018-2028 (USD Billion)
28. U.S. Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
29. U.S. Functional beverages Market, By Functions, 2018-2028 (USD Billion)
30. Canada Functional beverages Market, By Type, 2018-2028 (USD Billion)
31. Canada Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
32. Canada Functional beverages Market, By Functions, 2018-2028 (USD Billion)
33. Mexico Functional beverages Market, By Type, 2018-2028 (USD Billion)
34. Mexico Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
35. Mexico Functional beverages Market, By Functions, 2018-2028 (USD Billion)
36. Europe Functional beverages Market, By Type, 2018-2028 (USD Billion)
37. Europe Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
38. Europe Functional beverages Market, By Functions, 2018-2028 (USD Billion)
39. Germany Functional beverages Market, By Type, 2018-2028 (USD Billion)
40. Germany Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
41. Germany Functional beverages Market, By Functions, 2018-2028 (USD Billion)
42. France Functional beverages Market, By Type, 2018-2028 (USD Billion)
43. France Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
44. France Functional beverages Market, By Functions, 2018-2028 (USD Billion)
45. U.K. Functional beverages Market, By Type, 2018-2028 (USD Billion)
46. U.K. Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
47. U.K. Functional beverages Market, By Functions, 2018-2028 (USD Billion)
48. Italy Functional beverages Market, By Type, 2018-2028 (USD Billion)
49. Italy Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
50. Italy Functional beverages Market, By Functions, 2018-2028 (USD Billion)
51. Spain Functional beverages Market, By Type, 2018-2028 (USD Billion)
52. Spain Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
53. Spain Functional beverages Market, By Functions, 2018-2028 (USD Billion)
54. Asia Pacific Functional beverages Market, By Type, 2018-2028 (USD Billion)
55. Asia Pacific Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
56. Asia Pacific Functional beverages Market, By Functions, 2018-2028 (USD Billion)
57. Japan Functional beverages Market, By Type, 2018-2028 (USD Billion)
58. Japan Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
59. Japan Functional beverages Market, By Functions, 2018-2028 (USD Billion)
60. China Functional beverages Market, By Type, 2018-2028 (USD Billion)
61. China Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
62. China Functional beverages Market, By Functions, 2018-2028 (USD Billion)
63. India Functional beverages Market, By Type, 2018-2028 (USD Billion)
64. India Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
65. India Functional beverages Market, By Functions, 2018-2028 (USD Billion)
66. South America Functional beverages Market, By Type, 2018-2028 (USD Billion)
67. South America Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
68. South America Functional beverages Market, By Functions, 2018-2028 (USD Billion)
69. Brazil Functional beverages Market, By Type, 2018-2028 (USD Billion)
70. Brazil Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
71. Brazil Functional beverages Market, By Functions, 2018-2028 (USD Billion)
72. Middle East and Africa Functional beverages Market, By Type, 2018-2028 (USD Billion)
73. Middle East and Africa Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
74. Middle East and Africa Functional beverages Market, By Functions, 2018-2028 (USD Billion)
75. UAE Functional beverages Market, By Type, 2018-2028 (USD Billion)
76. UAE Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
77. UAE Functional beverages Market, By Functions, 2018-2028 (USD Billion)
78. South Africa Functional beverages Market, By Type, 2018-2028 (USD Billion)
79. South Africa Functional beverages Market, By Packaging, 2018-2028 (USD Billion)
80. South Africa Functional beverages Market, By Functions, 2018-2028 (USD Billion)
List of Figures
1. Global Functional beverages Market Segmentation
2. Global Functional beverages Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Functional beverages Market Attractiveness Analysis By Type
9. Global Functional beverages Market Attractiveness Analysis By Packaging
10. Global Functional beverages Market Attractiveness Analysis By Functions
11. Global Functional beverages Market Attractiveness Analysis By Region
12. Global Functional beverages Market: Dynamics
13. Global Functional beverages Market Share by Type (2021 & 2028)
14. Global Functional beverages Market Share by Packaging (2021 & 2028)
15. Global Functional beverages Market Share by Functions (2021 & 2028)
16. Global Functional beverages Market Share by Regions (2021 & 2028)
17. Global Functional beverages Market Share by Company (2020)
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