"Market Intelligence that Adds Flavour to Your Success"

Functional Beverage Market Size, Share & Industry Analysis, By Type (Fortified Juice, Energy Drink, Sports Drink, Dairy-based Beverage, Enhanced Water, Others), By Distribution Channel (Supermarket/Hypermarket, Departmental Stores, Health Stores, Online Stores, Others), and Regional Forecast 2019-2026

Region : Global | Report ID: FBI101625 | Status : Ongoing

 

KEY MARKET INSIGHTS

The global functional beverage market size is projected to witness a steep rise during the forecast years (2019-2026), due to rising awareness regarding the health benefits of functional beverages enriched with important health-enhancing components, such as vitamins, amino acids, and others. Increased marketing efforts by market players to promote functional beverages, coupled with the launch of various new products is further anticipated to fuel the market growth of functional beverages across the world.


Key companies operating in the global market are focusing on the launch of novel products and strengthening their product portfolio to maintain their market prominence. PepsiCo Inc., The Coca-Cola Company, and Fonterra Co-operative Group Limited are some of the key companies performing in the global functional beverage industry.


Functional beverages are drinks that are non-alcoholic in nature and are added with various health-enhancing ingredients, such as fruit or vegetable extracts, herbs, minerals, vitamins, amino acids, and others. Functional beverages have the potentials to aid immune health, boost energy, aid memory, aid heart health, and help in weight loss.


Key Market Driver -

Key Market Driver – Growing demand for healthier drinks as compared to carbonated drinks is expected to drive the market growth.

Key Market Restraint -

Key Market Restraint – High price of functional beverages as compared to conventional beverages is expected restrain the market growth.


The functional beverage market is expected to perform tremendously during the foreseeable years due to increasing consumer inclination towards non-alcoholic and health benefitting drinks. Rising health consciousness among different consumer categories, coupled with their increasing expenditure on health and wellness products is expected to fuel the growth of the functional beverages market crucially in the upcoming years. Furthermore, initiatives taken by key players to promote functional beverage products is anticipated to aid the growth of the market during the forecast years. However, the high cost of functional beverages can act as a restraining factor in the growth of global market.


Key Players Covered:


Some of the major companies that are present in the global functional beverage market are The Coca-Cola Company, PepsiCo Inc., Nestle S.A., Kraft Heinz Company, Fonterra Co-operative Group Limited, Red Bull GmbH, Glanbia Plc., Suntory Holdings Ltd, Universal Nutrition, The Hain Celestial Group, and Danone S.A. among the other players operating in the global market.


On the basis of type, the global market has been segmented into fortified juice, energy drink, sports drink, dairy-based beverages, and others. The energy drink segment has shown tremendous growth in recent years and is expected to grow significantly during the forecast years, due to their ability to enhance energy level and physical performance. The sports drink segment is expected to perform decently throughout the forecast years and show considerable growth, especially across developed economies, owing to higher involvement of people in sports and games in developed economies.


On the basis of the distribution channel, the global functional beverage market has been segmented into supermarket/ hypermarket, departmental stores, health stores, online stores, and others. Supermarket/hypermarket segment is projected to hold the major market share during the forecast years, owing to higher consumer dependency on them for the purchase of food & beverage products. Distribution of functional beverages through health stores and online stores is projected to grow rapidly over the forecast years, due to the presence of a wide variety of specialty products at health and wellness stores, and the rising popularity of online channels.


Regional Analysis:


North America currently enjoys the major market share in the global functional beverages market and is expected to hold dominance during the forecast years, due to high awareness regarding the benefits of consumption of functional beverages and the product’s high demand across the region. The presence of key global market players, coupled with growing number of functional RTD beverage manufacturers in countries such as US is expected to further aid the growth of the functional beverage market of North America.


To gain extensive insights into the market, Request for Customization


Europe and the Asia Pacific are projected to register significant growth during the foreseeable years, owing to increasing demand for functional beverages in countries such as UK, Germany, China, and Japan. Rising health consciousness among Asian consumers, coupled with increasing per capita income of consumers based in emerging economies of Asia is expected to contribute significantly in the growth of functional beverage market of Asia Pacific.


Segmentation






















 ATTRIBUTE


 DETAILS

By Type




  • Fortified Juice

  • Energy Drink

  • Sports Drink

  • Dairy-based Beverage

  • Enhanced Water

  • Others



By Distribution Channel




  • Supermarket/Hypermarket

  • Departmental Stores

  • Health Stores

  • Online Stores

  • Others



By Geography




  • North America (USA, Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa and Rest of ME&A)



Key Industry Developments



  • In April 2019, The Coca-Cola Company, announced the launch of ‘Aquarius’, a low-calorie range of flavored and functional drink. The product claims to contain important minerals and it comes in two flavors that include lime with magnesium and lemon with zinc.



  • In August 2017, JoeFroyo, a significant dispensed beverage maker announced the launch of its first ever ready-to-drink (RTD) functional coffee that includes protein, caffeine, and probiotics. The product claims to be gluten-free, and does not contain soy, processed sugars and trans fats.


Functional Beverages Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Food & Beverages Clients

Clasen-Quality-Chocolate
mitsui-logo
lafabril-logo-medium

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X