Market Overview:
The global functional drinks market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for healthy and nutritious beverages, especially among millennials. Additionally, the growing awareness about the benefits of functional drinks is also propelling the growth of this market. On the basis of type, energy beverages account for a major share in the global functional drinks market. This can be attributed to their high demand among athletes and sports enthusiasts as they help improve performance and endurance levels. Functional fruit and vegetable juices are another key segment in this market, owing to their numerous health benefits such as improved digestion and weight loss. Regionally, North America dominates the global functional drinks market followed by Europe and Asia Pacific respectively. The high prevalence of health consciousness among consumers in these regions is driving demand for healthy beverage options such as functional drinks.
Product Definition:
Functional drinks are beverages that have been enhanced with added nutrients or health benefits beyond simple hydration. They can be purchased as ready-to-drink products or made at home using ingredients such as fruit, vegetable juice, and milk. Functional drinks are thought to offer a range of health benefits, such as reducing the risk of chronic disease, improving cognitive function, and aiding in weight loss.
Energy Beverages:
Energy beverages are non-alcoholic beverages that provide energy and nutrition. They comprise of various ingredients such as caffeine, taurine, glucuronolactone among others. The global market for energy drinks is expected to witness significant growth over the forecast period owing to increasing demand from the young population coupled with growing health concerns across the globe.
Functional Fruit and Vegetable Juices:
The global market for functional fruit and vegetable juices is expected to witness significant growth over the forecast period. The demand for such products can be attributed to increasing health awareness among consumers, changing lifestyles of people along with rising concerns regarding obesity and other nutritional deficiencies.
Functional drinks are beverages that contain antioxidants and other healthy ingredients like fruits as well as vegetables which help in weight loss, immunity boost along with keeping the body fit.
Application Insights:
Offline stores accounted for the largest revenue share of over 60% in 2017. Offline stores are those which do not have internet connectivity, thus they cannot directly order products from the manufacturer. The major advantage of using this service is that customers can try different flavors and choose according to their preference. This process helps new product launches as well as improves existing product portfolio since it gives consumers a chance to taste different flavors and compare them with each other.
Online store operators are increasingly focusing on distribution channels other than food trucks or restaurants to reach consumers directly at their homes or workplaces. Functional drinks are one such category where online retailers find it easier to reach customers due to physical presence of corporate offices in key markets around the world such as U.S., Canada, Germany, China etcetera).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large young population with high disposable income, which makes them more susceptible than others. This factor is anticipated to drive demand for functional drinks in this region.
North America accounted for a significant share of global revenue owing to growing consumer preference towards sports and energy boosting drinks among others.
Europe held second largest share after Asia Pacific in terms of volume due to growing popularity of ready-to-drink tea variants across countries such as Germany, U.K., Italy etc.
Growth Factors:
- Increasing awareness about the health benefits of functional drinks among consumers.
- Rising demand for healthy and convenient beverages among health-conscious consumers.
- Growing popularity of energy drinks and sports drinks among fitness enthusiasts and athletes.
- Increasing number of launches of new functional drink varieties by beverage manufacturers.
- Rapid expansion of distribution channels for functional drinks, especially in developing countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Drinks Market Research Report
By Type
Energy Beverages, Functional Fruit and Vegetable Juices, Sports Beverages, Functional Water, Other
By Application
Offline Stores, Online Stores
By Companies
The Coca-Cola Company, Nestle, Danone, PepsiCo, Unilever, Campbell Soup, GlaxoSmithKline, Kraft Heinz, Archer Daniels Midland (ADM), The Hain Celestial Group, The Coca-Cola Company, Uni-President, Del Monte Pacific, Dr. Pepper Snapple Group, JDB Group, RED BULL, Suntory, Rockstar, Monster Energy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
144
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global Functional Drinks Market Report Segments:
The global Functional Drinks market is segmented on the basis of:
Types
Energy Beverages, Functional Fruit and Vegetable Juices, Sports Beverages, Functional Water, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Offline Stores, Online Stores
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Coca-Cola Company
- Nestle
- Danone
- PepsiCo
- Unilever
- Campbell Soup
- GlaxoSmithKline
- Kraft Heinz
- Archer Daniels Midland (ADM)
- The Hain Celestial Group
- The Coca-Cola Company
- Uni-President
- Del Monte Pacific
- Dr. Pepper Snapple Group
- JDB Group
- RED BULL
- Suntory
- Rockstar
- Monster Energy
Highlights of The Functional Drinks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Energy Beverages
- Functional Fruit and Vegetable Juices
- Sports Beverages
- Functional Water
- Other
- By Application:
- Offline Stores
- Online Stores
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Functional Drinks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Functional drinks are beverages that have been designed to provide health benefits beyond those of regular water or juice. They may contain ingredients such as herbs, vitamins, minerals and antioxidants.
Some of the key players operating in the functional drinks market are The Coca-Cola Company, Nestle, Danone, PepsiCo, Unilever, Campbell Soup, GlaxoSmithKline, Kraft Heinz, Archer Daniels Midland (ADM), The Hain Celestial Group, The Coca-Cola Company, Uni-President, Del Monte Pacific, Dr. Pepper Snapple Group, JDB Group, RED BULL, Suntory, Rockstar, Monster Energy.
The functional drinks market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Functional Drinks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Functional Drinks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Functional Drinks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Functional Drinks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Functional Drinks Market Size & Forecast, 2020-2028
4.5.1 Functional Drinks Market Size and Y-o-Y Growth
4.5.2 Functional Drinks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Energy Beverages
5.2.2 Functional Fruit and Vegetable Juices
5.2.3 Sports Beverages
5.2.4 Functional Water
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Offline Stores
6.2.2 Online Stores
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Functional Drinks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Functional Drinks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Energy Beverages
9.6.2 Functional Fruit and Vegetable Juices
9.6.3 Sports Beverages
9.6.4 Functional Water
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Offline Stores
9.10.2 Online Stores
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Energy Beverages
10.6.2 Functional Fruit and Vegetable Juices
10.6.3 Sports Beverages
10.6.4 Functional Water
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Offline Stores
10.10.2 Online Stores
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Energy Beverages
11.6.2 Functional Fruit and Vegetable Juices
11.6.3 Sports Beverages
11.6.4 Functional Water
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Offline Stores
11.10.2 Online Stores
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Energy Beverages
12.6.2 Functional Fruit and Vegetable Juices
12.6.3 Sports Beverages
12.6.4 Functional Water
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Offline Stores
12.10.2 Online Stores
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Energy Beverages
13.6.2 Functional Fruit and Vegetable Juices
13.6.3 Sports Beverages
13.6.4 Functional Water
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Offline Stores
13.10.2 Online Stores
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Functional Drinks Market: Competitive Dashboard
14.2 Global Functional Drinks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Coca-Cola Company
14.3.2 Nestle
14.3.3 Danone
14.3.4 PepsiCo
14.3.5 Unilever
14.3.6 Campbell Soup
14.3.7 GlaxoSmithKline
14.3.8 Kraft Heinz
14.3.9 Archer Daniels Midland (ADM)
14.3.10 The Hain Celestial Group
14.3.11 The Coca-Cola Company
14.3.12 Uni-President
14.3.13 Del Monte Pacific
14.3.14 Dr. Pepper Snapple Group
14.3.15 JDB Group
14.3.16 RED BULL
14.3.17 Suntory
14.3.18 Rockstar
14.3.19 Monster Energy
