+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
Sale

Functional Beverages Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type and Distribution Channel

  • PDF Icon

    Report

  • 135 Pages
  • March 2022
  • Region: Global
  • The Insight Partners
  • ID: 5576251
UP TO OFF until Dec 31st 2024
The scope of the recent study on'Functional Beverages Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Energy Drinks, Sports Drinks, Fortified Juices, Functional Water, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)' includes the description of factors governing the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments. It also entails the market share analysis.



The functional beverages market is projected to reach US$ 145,146.05 million by 2028 from US$ million 85,728.85 in 2021; it is expected to grow at a CAGR of 7.8% from 2021 to 2028.

The nutrient profile of functional beverages includes proteins, amino acids, vitamins, minerals, probiotics, among others. These beverages provide energy, boost hydration, and fulfill the body’s daily nutritional requirements. Amid the hectic lifestyles, functional beverages are becoming increasingly popular among consumers owing to their concerns about health, immunity, and fitness.

Based on distribution channel, the functional beverages market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The convenience stores segment held a prominent market share in 2020. Convenience stores are retail establishments that sell products of different brands. They are the most preferred retail channel due to the ease of reach. Manufacturers of functional beverages offer their products through convenience stores owing to significant footfall in these stores.

Based on geography, the functional beverages market is segmented into - North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). North America held the largest market share in 2020. The rising number of health-conscious individuals in the region is one of the primary factors driving the growth of the functional beverages market; calorie consciousness among people compels them to consume zero-sugar and low-calorie energy drinks and sports drinks. The increasing participation in sports and recreational activities also supports the regional market, as functional beverages help in maintaining the energy levels in the body, enhancing nutrient absorption of the body, and keeping the body hydrated. Moreover, the flourishing trend of veganism is bolstering the demand for plant-based functional beverages.

Impact of COVID-19 Pandemic on Functional Beverages Market


The functional beverages market experienced the mixed impact of the COVID-19 pandemic. The popularity of foods and beverages that help boost natural immunity and maintain overall health increased with the surge in health-consciousness among consumers during the pandemic. However, due to severe disruption of supply chains, there was a shortage of raw materials, which limited the profitability of small-scale and large-scale functional beverages manufacturers. The insufficient product supply created a demand and supply gap, which affected the growth of the functional beverages market. However, the market is moving toward stability as various country governments relaxed the previously imposed restrictions. Manufacturers are recovering from the losses as they are operating with full capacity.

Functional Beverages Market Breakdown - by Region


The report segments the functional beverages market as follows:


Based on product type, the functional beverages market is segmented into energy drinks, sports drinks, fortified juices, functional water, and others. In terms of distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. On the basis of geography, the functional beverages market is primarily segmented into North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM).

Reasons to Buy
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global functional beverages market, thereby allowing players to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Global Functional Beverages Market Landscape
4.1 Market Overview
4.2 Porters Five Forces Analysis
4.3 Value Chain Analysis
4.4 Expert Opinion
5. Functional Beverages Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Beverages with Functional Benefits
5.1.2 Increasing Healthcare Expenditure
5.2 Market Restraints
5.2.1 High Costs of Functional Beverages and Stringent Labeling Norms
5.3 Market Opportunities
5.3.1 Hike in Demand for Plant-based Functional Beverages
5.4 Future Trends
5.4.1 Growing Popularity of Nootropic Beverages
5.5 Impact Analysis of Drivers and Restraints
6. Functional Beverages - Global Market Analysis
6.1 Functional Beverages Market Overview
6.2 Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning - Key Market Players
7. Global Functional Beverages Market Analysis - By Product Type
7.1 Overview
7.2 Functional Beverages Market, By Product Type (2020 and 2028)
7.3 Energy Drinks
7.3.1 Overview
7.3.2 Energy Drinks: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
7.4 Sports Drinks
7.4.1 Overview
7.4.2 Sports Drinks: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
7.5 Fortified Juices
7.5.1 Overview
7.5.2 Fortified Juices: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
7.6 Functional Water
7.6.1 Overview
7.6.2 Functional Water: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
8. Functional Beverages Market Analysis - By Distribution Channel
8.1 Overview
8.2 Functional Beverages Market, By Distribution Channel (2020 and 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Supermarkets and Hypermarkets: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Convenience Stores: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Online Retail: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
9. Global Functional Beverages Market - Geographic Analysis
9.1 Overview
9.2 North America
9.2.1 Overview
9.2.2 North America: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America: Functional Beverages Market, By Product Type
9.2.4 North America: Functional Beverages Market, by Distribution Channel
9.2.5 North America: Functional Beverages Market, by Key Country
9.2.5.1 US: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.1 US: Functional Beverages Market, By Product Type
9.2.5.1.2 US: Functional Beverages Market, by Distribution Channel
9.2.5.2 Canada: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.1 Canada: Functional Beverages Market, By Product Type
9.2.5.2.2 Canada: Functional Beverages Market, by Distribution Channel
9.2.5.3 Mexico: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Mexico: Functional Beverages Market, By Product Type
9.2.5.3.2 Mexico: Functional Beverages Market, by Distribution Channel
9.3 Europe: Functional Beverages Market
9.3.1 Europe: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Functional Beverages Market, By Product Type
9.3.3 Europe: Functional Beverages Market, by Distribution Channel
9.3.4 Europe: Functional Beverages Market, by Key Country
9.3.4.1 Germany: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Functional Beverages Market, By Product Type
9.3.4.1.2 Germany: Functional Beverages Market, by Distribution Channel
9.3.4.2 France: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Functional Beverages Market, By Product Type
9.3.4.2.2 France: Functional Beverages Market, by Distribution Channel
9.3.4.3 Italy: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Functional Beverages Market, By Product Type
9.3.4.3.2 Italy: Functional Beverages Market, by Distribution Channel
9.3.4.4 UK: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 UK: Functional Beverages Market, By Product Type
9.3.4.4.2 UK: Functional Beverages Market, by Distribution Channel
9.3.4.5 Russia: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: Functional Beverages Market, By Product Type
9.3.4.5.2 Russia: Functional Beverages Market, by Distribution Channel
9.3.4.6 Rest of Europe: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Functional Beverages Market, By Product Type
9.3.4.6.2 Rest of Europe: Functional Beverages Market, by Distribution Channel
9.4 Asia-Pacific: Functional Beverages Market
9.4.1 Asia-Pacific: Functional Beverages Market - Analysis and Forecast to 2028 (US$ Million)
9.4.2 Asia-Pacific: Functional Beverages Market, By Product Type
9.4.3 Asia-Pacific: Functional Beverages Market, by Distribution Channel
9.4.4 Asia-Pacific: Functional Beverages Market, by Key Country
9.4.4.1 Australia: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Functional Beverages Market, By Product Type
9.4.4.1.2 Australia: Functional Beverages Market, by Distribution Channel
9.4.4.2 China: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Functional Beverages Market, By Product Type
9.4.4.2.2 China: Functional Beverages Market, by Distribution Channel
9.4.4.3 India: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Functional Beverages Market, By Product Type
9.4.4.3.2 India: Functional Beverages Market, by Distribution Channel
9.4.4.4 Japan: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Functional Beverages Market, By Product Type
9.4.4.4.2 Japan: Functional Beverages Market, by Distribution Channel
9.4.4.5 South Korea: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Functional Beverages Market, By Product Type
9.4.4.5.2 South Korea: Functional Beverages Market, by Distribution Channel
9.4.4.6 Rest of Asia-Pacific: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia-Pacific: Functional Beverages Market, By Product Type
9.4.4.6.2 Rest of Asia-Pacific: Functional Beverages Market, by Distribution Channel
9.5 Middle East and Africa: Functional Beverages Market
9.5.1 Middle East and Africa: Functional Beverages Market - Analysis and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Functional Beverages Market, By Product Type
9.5.3 Middle East and Africa: Functional Beverages Market, by Distribution Channel
9.5.4 Middle East and Africa: Functional Beverages Market, by Key Country
9.5.4.1 South Africa: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Functional Beverages Market, By Product Type
9.5.4.1.2 South Africa: Functional Beverages Market, by Distribution Channel
9.5.4.2 Saudi Arabia: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Functional Beverages Market, By Product Type
9.5.4.2.2 Saudi Arabia: Functional Beverages Market, by Distribution Channel
9.5.4.3 UAE: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Functional Beverages Market, By Product Type
9.5.4.3.2 UAE: Functional Beverages Market, by Distribution Channel
9.5.4.4 Rest of the Middle East and Africa: Functional Beverages Market -Analysis and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of the Middle East and Africa: Functional Beverages Market, By Product Type
9.5.4.4.2 Rest of the Middle East and Africa: Functional Beverages Market, by Distribution Channel
9.6 South and Central America: Functional Beverages Market
9.6.1 South and Central America: Functional Beverages Market - Revenue and Forecast to 2028(US$ Million)
9.6.2 South and Central America: Functional Beverages Market, By Product Type
9.6.3 South and Central America: Functional Beverages Market, by Distribution Channel
9.6.4 South and Central America: Functional Beverages Market, by Key Country
9.6.4.1 Brazil: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Functional Beverages Market, By Product Type
9.6.4.1.2 Brazil: Functional Beverages Market, by Distribution Channel
9.6.4.2 Argentina: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Functional Beverages Market, By Product Type
9.6.4.2.2 Argentina: Functional Beverages Market, by Distribution Channel
9.6.4.3 Rest of South and Central America: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South and Central America: Functional Beverages Market, By Product Type
9.6.4.3.2 Rest of South and Central America: Functional Beverages Market, by Distribution Channel
10. Overview- Impact of Coronavirus Outbreak
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 PepsiCo
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 The Coca-Cola Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nestle
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kraft Foods
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 General Mills
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Campbell Soup Company
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Red Bull
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 The Wonderful Company LLC
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Danone SA
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Monster Energy Company
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher
12.2 Word Index
List of Tables
Table 1. Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Functional Beverages Market, by Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 6. US Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. US Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 13. Europe Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 16. France Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 17. France Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia-Pacific Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia-Pacific Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 30. China Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 31. China Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 32. India Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 33. India Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia-Pacific Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia-Pacific Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 40. Middle East and Africa Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 41. Middle East and Africa Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 42. South Africa Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 43. South Africa Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 44. Saudi Arabia Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 45. Saudi Arabia Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 47. UAE Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of the Middle East and Africa Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of the Middle East and Africa Functional Beverages Market, by Distribution Channel- Revenue and Forecast to 2028 (US$ Million)
Table 50. South and Central America Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 51. South and Central America Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 52. Brazil Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 53. Brazil Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 54. Argentina Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 55. Argentina Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of South and Central America Functional Beverages Market, By Product Type - Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of South and Central America Functional Beverages Market, by Distribution Channel - Revenue and Forecast to 2028 (US$ Million)
Table 58. List of Abbreviation
List of Figures
Figure 1. Global Functional Beverages Market Segmentation
Figure 2. Functional Beverages Market Segmentation - By Geography
Figure 3. Global Functional Beverages Market Overview
Figure 4. Functional Beverages Market, By Product Type
Figure 5. Functional Beverages Market, By Geography
Figure 6. Global Functional Beverages Market, Industry Landscape
Figure 7. North America: Porters Analysis
Figure 8. Europe: Porters Analysis
Figure 9. Asia-Pacific: Porters Analysis
Figure 10. Middle East and Africa: Porters Analysis
Figure 11. South and Central America: Porters Analysis
Figure 12. Expert Opinion
Figure 13. Global Functional Beverages Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Functional Beverages Market
Figure 15. Global: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 16. Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)
Figure 17. Energy Drinks: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. Sports Drinks: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
Figure 19. Functional Beverages Market Revenue Share, By Distribution Channel (2020 and 2028)
Figure 20. Supermarkets and Hypermarkets: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
Figure 21. Convenience Stores: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
Figure 22. Online Retail: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. Others: Functional Beverages Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. Global Functional Beverages Market Revenue Share, By Region (2020 and 2028)
Figure 25. North America: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)
Figure 27. North America: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 28. North America: Functional Beverages Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. US: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Canada: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)
Figure 34. Europe: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 35. Europe: Functional Beverages Market Revenue Share, by Key Country (2020 and 2028)
Figure 36. Germany: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. France: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 38. Italy: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 39. UK: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 40. Russia: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia-Pacific: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 43. Asia-Pacific: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)
Figure 44. Asia-Pacific: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 45. Asia-Pacific: Functional Beverages Market Revenue Share, by Key Country (2020 and 2028)
Figure 46. Australia: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 47. China: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 48. India: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 49. Japan: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 50. South Korea: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Asia-Pacific: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 52. Middle East and Africa: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 53. Middle East and Africa: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)
Figure 54. Middle East and Africa: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 55. Middle East And Africa: Functional Beverages Market Revenue Share, By Key Country (2020 And 2028)
Figure 56. South Africa: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 57. Saudi Arabia: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 58. UAE: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 59. Rest of the Middle East and Africa: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 60. South and Central America: Functional Beverages Market - Revenue and Forecast to 2028 (US$ Million)
Figure 61. South and Central America: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)
Figure 62. South and Central America: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)
Figure 63. South and Central America: Functional Beverages Market Revenue Share, by Key Country (2020 and 2028)
Figure 64. Brazil: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 65. Argentina: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 66. Rest of South and Central America: Functional Beverages Market -Revenue and Forecast to 2028 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in the Middle East & Africa Country Markets
Figure 71. Impact of COVID-19 Pandemic in South and Central America Country Markets

Executive Summary

The functional beverages market is projected to reach US$ 145,146.05 million by 2028 from US$ million 85,728.85 in 2021; it is expected to grow at a CAGR of 7.8% from 2021 to 2028.

Functional beverages are fortified with essential nutrients, such as protein, vitamins, minerals, amino acids, and probiotics, to offer health benefits. They help in maintaining the energy levels in the body, thereby boosting stamina and athletic performance. Energy drinks, sports drinks, functional water, fortified juices, among others, fall under the functional beverages category. Energy drinks are popular among sportspersons and fitness enthusiasts. Functional water and fortified drinks are also gaining huge traction among consumers. People are becoming health conscious due to the lack of physical activity and the increasing prevalence of lifestyle diseases, such as obesity and diabetes.

Based on product type, the functional beverages market is segmented into energy drinks, sports drinks, fortified juices, functional water, and others. The functional water segment is projected to register a notable CAGR in the market during the forecast period. Functional water, which falls under the category of non-alcoholic beverages, has supplementary components, sometimes known as aquaceuticals—such as vitamins, minerals, acids, herbs, and raw fruits and vegetables. Consumers prefer functional water over regular water in their daily diets to meet their daily nutritional requirements. Moreover, the availability of a wide variety of flavors in the functional water, which is sold by multiple retailers, is also boosting their popularity among consumers. The manufacturers of functional beverages are spending huge amounts to expand their business operations across North America by introducing new flavors and innovative products. For instance, in 2020, PepsiCo, Inc. went into an agreement, worth US$ 3.85 billion, with Rockstar Energy Beverages, an energy drink manufacturer company in the US. This acquisition was focused on extending the existing product portfolio of PepsiCo’s functional beverages.

Based on geography, the functional beverages market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America (SAM). In 2020, North America held the largest share of the market, whereas Asia-Pacific is expected to register the highest CAGR during the forecast period. The market growth in North America is attributed to a surge in demand for these products among young adults and athletes and emerging fitness trends. Functional beverages, including sports and energy drinks, enhance the performance and stamina of athletes and fitness enthusiasts. Further, the growing number of fitness enthusiasts has increased the demand for functional products, thus driving the functional beverages market growth in North America.

The leading players in the functional beverages market include PepsiCo, The Coca-Cola Company, Nestle, Kraft Foods, General Mills, Campbell Soup Company, Red Bull, The Wonderful Company LLC, Danone SA, and Monster Energy Company. These players focus on innovating their products in terms of flavors, packaging, and ingredients to expand their customer base and reach. As the functional beverages market is a highly competitive one, the key market players are making significant investments in research and development to retain their market shares.

The overall size of the functional beverages market has been derived using primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants, such as valuation experts, research analysts, and key opinion leaders, specializing in the functional beverages market.

Companies Mentioned

  • Pepsico
  • The Coca-Cola Company
  • Nestlé
  • Kraft Foods
  • General Mills, Inc.
  • Danone S.A.
  • Monster Energy Company
  • Red Bull
  • Campbell Soup Company
  • The Wonderful Company LLC.

Table Information