Functional beverages are non-alcoholic drinks that are formulated to provide specific health benefits beyond their basic nutritional value. They typically contain ingredients such as vitamins, minerals, herbs, amino acids, and other bioactive compounds that are believed to have a positive impact on various aspects of health.
The global Functional Beverages Market size was worth around USD 128.1 billion in 2022 and is anticipated to generate revenue of USD 205.8 billion by 2032 at a CAGR of around 4.8% between 2023 and 2032.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/sample/food-beverage/functional-beverages-market/87387
In order to provide a thorough overview of the market, the global Functional Beverages market research report includes key details like the industry chain structure, applications, classifications, and definitions. The study report offers a comprehensive overview of the industry, covering topics like supply and demand, price structures, manufacturing methods, and consumer behavior. The paper also discusses import and export strategies, along with objectives and policies for development.
The competitive landscape analysis, historical data, and important areas’ development status are all discussed in this study report with the goal of helping organizations come up with effective growth strategies. Additionally, this study also looks at data and statistics related to product consumption, price, cost, gross margin, and revenue. The study’s recommendations for appropriate competitive strategies to increase potential profit will aid readers in understanding industry competitiveness.
𝐓𝐡𝐞 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐡𝐢𝐠𝐡𝐥𝐲 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐝 𝐛𝐲 𝐚 𝐟𝐞𝐰 𝐥𝐚𝐫𝐠𝐞 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:
• Arla Foods Ingredients Group P/S
• Danone S.A.
• General Mills Inc.
• Koios Beverage Corp
• Mondelēz International
• Red Bull
• SUNTORY HOLDINGS LIMITED
• The Hain Celestial Group, Inc.
• The Kraft Heinz Company
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/food-beverage/functional-beverages-market/87387
𝐓𝐡𝐞 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐡𝐚𝐬 𝐛𝐞𝐞𝐧 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐢𝐧𝐠 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭 𝐠𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐫𝐞𝐜𝐞𝐧𝐭 𝐲𝐞𝐚𝐫𝐬, 𝐝𝐫𝐢𝐯𝐞𝐧 𝐛𝐲 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐟𝐚𝐜𝐭𝐨𝐫𝐬:
Increasing consumer awareness and demand for healthier products: Consumers are becoming more health-conscious and are looking for beverages that provide functional benefits such as hydration, energy, immunity, and weight management.
Rising disposable incomes: As disposable incomes increase, consumers are willing to pay a premium for functional beverages that provide added benefits beyond basic nutrition.
Growing prevalence of chronic diseases: The rise in chronic diseases such as obesity, diabetes, and cardiovascular disease has led to an increased demand for functional beverages that can help manage these conditions.
Innovation in product formulations and ingredients: Companies are continuously innovating and developing new formulations and ingredients to cater to specific health concerns and meet consumer demands.
𝐓𝐡𝐞 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐢𝐧𝐭𝐨 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐢𝐞𝐬, 𝐢𝐧𝐜𝐥𝐮𝐝𝐢𝐧𝐠:
• Caffeinated Beverages
• Probiotic Drinks
• Vegetable & Fruit Beverages
• Energy Drink
• Nutraceutical Drinks
• Fortified Water
• Fitness Lifestyle Users
𝐁𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
• Supermarket & Hypermarket
• Specialty Stores
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/enquire/food-beverage/functional-beverages-market/87387
𝐈𝐧 𝐀𝐮𝐠𝐮𝐬𝐭 𝟐𝟎𝟐𝟐: To boost its presence in the energy beverage category, PepsiCo made a significant investment of USD 550 million in the functional energy drink Celsius in August 2022. The investment aims to accelerate PepsiCo’s focus on this category and expand its reach in the market.
𝐈𝐧 𝐌𝐚𝐲 𝟐𝟎𝟐𝟐: With the goal of meeting the increasing consumer demand for functional beverages, Koios Beverage Corp. introduced six new flavors of its Fit Soda line in May 2022. The new flavors include Cherry Slushie, Mimosa, Pumpkin Spice, Sweet Tea Lemonade, Strawberry Snow Cone, and Blueberry Lemonade. This expansion of their product line aims to help the company broaden its reach in the market.
𝐈𝐧 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟏: Arla Food Ingredients unveiled its new product, Lacprodan ISO, which is a clear protein-enhanced juice drink concept designed to fortify functional beverages. With a 90% protein content and high heat resistance, this product is ideal for use in pasteurized or ultra-high temperature (UHT) processed juice drinks. Its clear solution also makes it a versatile ingredient for various types of functional beverages.
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐢𝐬 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐃𝐮𝐞 𝐭𝐨 𝐭𝐡𝐞 𝐏𝐫𝐨𝐥𝐢𝐟𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐟 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐛𝐞𝐯𝐞𝐫𝐚𝐠𝐞𝐬
The North American functional beverage market is experiencing significant growth, driven by a focus on health and wellness, a strong economy, and a growing demand for low-carb, zero-calorie, and zero-sugar options. Consumers are increasingly turning to natural foods and beverages, such as plant-based options, to address health concerns, rather than relying on chemically derived pills.
Plant-based options are particularly popular in North America, as they are seen as healthier and more natural than other options. Research shows that shoppers in the U.S. consider food and drink with plant-based claims to be healthier and more natural than regular products or those with all-natural claims. The 2021 Food and Health Survey by the International Food Information Council found that more than four out of ten shoppers consider plant-based options to be healthier, even when two products have the same nutrition facts label.
𝐀𝐬𝐢𝐚-𝐩𝐚𝐜𝐢𝐟𝐢𝐜 𝐢𝐬 𝐭𝐡𝐞 𝐅𝐚𝐬𝐭𝐞𝐬𝐭 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐰𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐏𝐫𝐞𝐯𝐚𝐥𝐞𝐧𝐜𝐞 𝐨𝐟 𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬
During the forecast period, the Asia-Pacific region is expected to experience the fastest growth in the functional beverage market, driven by increasing rates of diabetes and obesity, rising demand for low-carb and clean-label products, and growing awareness of the importance of health and fitness. The high prevalence of osteoporosis, cardiovascular disease, and arthritis, along with changing consumer preferences, is also driving demand for functional beverages in the region.
In particular, in India and China, due to the high prevalence of diabetes, consumers are becoming more aware of the importance of a healthy diet and active lifestyle, and are increasingly seeking out natural sweeteners.
𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭
The report focuses on the most recent business models and shows the extent of the global market’s expansion. The report also mentions the anticipation of producing new goods and offering modern services, both of which may ultimately prove to be economically profitable.
This study, which focuses on the key market drivers, restraints, challenges, and opportunities, will assist stakeholders in thoroughly understanding the status and trends of the global industry. This makes it possible for companies to forecast market changes and stay one step ahead of rivals.
Using reliable sources and a variety of research methodologies, the global Functional Beverages market research report gives companies and individuals unbiased, thoroughly researched information that will help them expand their businesses and keep their positions in the global market.
𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact on Functional Beverages Market
Chapter 5. Global Functional Beverages Market Overview, By Type, 2018 – 2032 (USD Million)
Chapter 6. Global Functional Beverages Market Overview, By End-user, 2018 – 2032 (USD Million)
Chapter 7. Global Functional Beverages Market Overview, By Distribution Channel, 2018 – 2032 (USD Million)
Chapter 8. Global Functional Beverages Market Overview, By Geography, 2018 – 2032 (USD Million)
Chapter 9. North America Functional Beverages Market Overview, By Countries, 2018 – 2032 (USD Million)
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