Functional Beverages Market Outlook
Functional beverages contain ingredients such as minerals, herbs, raw fruit, probiotics, and artificial ingredients. It provides nutritional value, and it shows a positive impact on the body and mind. Functional beverages fulfil the food and beverage deficiencies. The growing development of large retail stores such as supermarkets and hypermarkets, and specialty stores for functional beverages availability is driving the Functional Beverages Market by increasing its sales rate.
The functional beverages Market Size was valued at USD 145.2 billion in 2022. The functional beverages market industry is projected to grow from USD 153.3 Billion in 2023 to USD 212.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2023 – 2030).
Today’s generation is more into fitness enthusiasts and inclining toward a healthy lifestyle is another chief factor driving the Functional Beverages Market Analysis The awareness among people to participate in national and international level sports is increasing athletes’ numbers, further accelerating the market in the forecast period. The major industrial manufacturers are launching products to define their tastes to meet the need of a growing number of casual users of sports and energy drinks. Moreover, the distribution channel is playing a major role in the functional beverages market growth. The specialty store, supermarkets, and hypermarkets contribute to the market’s growth.
Market Segmentation
The Global Functional Beverages Market has been segmented into type, function, and distribution channels. Based on the segment, which is type, the market is categorized on the basis of energy drinks and sports beverages. The global market for functional beverages is further segmented based on function into health & wellness and weight management. Furthermore, the market, on the basis of distribution channels, is segmented into store based and non-store based.
The Global Market report offers comprehensive study of the Global Market segments including type, function, and distribution channels. The analysts have also studied the Global Market’s spread across the regional markets across many of the Global Market’s segments at country levels. The type, function, and distribution channels segments spread across the Global Market along with the subsegments are studied. The global market for functional beverages is spread across various product and service-based segments. The Global Market research report highlights these key segments and offers forecasts based on primary and secondary data. The global Global Market research report presents key company profiles of organizations active across the Global Market.
Regional Overview
High-cost involvement in the functional beverages sector may hinder the Global Market growth. The Functional Beverages Market research report suggests that companies in the Global Market could be supported by major marketing tactics employed by manufacturers as well as attractive packaging designs during the forecast period. The Functional Beverages Market is set to register growth at a high CAGR owing to these key factors. The Global Market is spread across North America, Europe, Asia-Pacific, and other parts of the world. As per Functional Beverages Market analysts, the Global Market is set to witness tremendous growth across type, function, and distribution channels segments. The global Global Market’s North American region covers Global Markets across the United States, Mexico, Canada, and others. Businesses present in the Global Market are also profiled and their strategies have been presented in detail in the Global Market research report.
The Global Market across the European region covers Italy, France, Germany, and the United Kingdom. Furthermore, the Global Market research report provides details about the APAC region covering Functional Beverages Market from China, India, Australia, Japan, and others. The Global Market is also active across several other parts of the world. The Global Market report covers all these key regions including the Middle East, Africa, Brazil, and others active in the global Market.
Competitive Landscape
Functional beverages have seen tremendous growth, due to surging infusion of natural ingredients and the interest of various health enthusiasts. However, concerns regarding side effects and concerns regarding budget and funding would challenge the companies active in the Global Market. Furthermore, companies using growth strategies to stay ahead in the global Functional Beverages Market are expected to help the market during the forecast period 2023 to 2030. As the Global Market report suggests that the Global Market will register a CAGR of 5.6% and reach a USD 212.6 billion by 2030, the market report highlights key areas Global Market based companies need to focus on. The Global Market research report projects a long term growth till 2030. Based on Global Market’s analysis on the basis of SWOT and Porters’ Five Force Model, the Global Market will rise during the forecast period 2023 to 2030, however the companies need to move ahead with caution. The Global Market research report highlights such key areas.
Browse In-depth Market Research Report (128 Pages, Charts, Tables, Figures) Functional Beverages Market Report : https://www.marketresearchfuture.com/reports/functional-beverages-market-1863
Industry News
The room for direct health has rapidly become a heat for investment, particularly when wellness is top-of-the-art for people across the pandemic of coronavirus. Bloomberg announced the acquisition of vitamin and supplementary start-Up Care/Food of the German pharmaceutical firm Bayer. Bloomberg quoted a well-known source that indicated that Bayer had taken 70% of Care/of, estimated at $225 million for the start-up. Bayer said the terms of the agreement will not be revealed until it is concluded, which is scheduled for the fourth quarter.
Frequently Asked Questions (FAQ):
what are CAGR is the Functional Beverages Market projected to grow in the forecast period (2022-2030)?
The functional beverages market size of 200,050.6 million is expected to grow at a CAGR of 5.6% during the Forecast Period 2022-2030.
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