The Global Functional Beverages Market Report by The Business Research Company covers functional beverages market drivers and restraints, functional beverages market size, major players, and the impact of COVID-19 on the functional beverages market.

The functional beverages market consists of sales of functional beverages by entities (organizations, sole traders and partnerships) that produce non-alcoholic beverages. A functional beverage is a type of non-alcoholic beverage with an additional benefit through its formulation, often in the form of a health aid or performance-enhancer product. Functional beverages contain non-traditional ingredients such as minerals, vitamins, probiotics, dietary fibers, and added fruits. The companies in the functional beverages industry process raw materials into drinks, package and distribute them through various distribution channels to both individual customers and commercial establishments.

The global functional beverages market is expected to recover from COVID-19 crisis and grow from $125,390 million in 2020 to $158,280 million in 2023 at a compound annual growth rate (CAGR) of 8.07%.

The increase in the awareness of fitness among people and the growing number of health-conscious consumers are expected to drive the market for functional beverages during the forecast period. Consumers are moving towards maintaining a good health through various diets including keto and vegan, and fitness trainings including gyms. This shift is mainly because of the rise in sedentary jobs and busy lifestyles which are the major causes of diseases such as high blood pressure and diabetes. As a result of a balanced diet, many consumers are preferring convenience food and beverages that offer umpteen nutrition profile, thereby, driving the market for functional beverages during forecast period.

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Some functional beverages market trends include natural botanicals infused drinks. Natural botanicals are extracted from plant parts such as roots, flowers, fruits, leaves, or seeds and offer various functional benefits ranging from enhancing memory to boosting energy, burning fat, and providing immune system support. Moreover, energy drinks spiked with caffeine and other stimulating ingredients have been in demand for many years, but recently, some consumers are shifting their preferences to ‘relaxation drinks’ for purposes such as switching off from busy lifestyles, a good night’s sleep, elevated happiness quotients, stress relief, or as calming beverages.

Global functional beverages market segments include:

1) By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-Based Beverages, Juices, Enhanced Water, Others

2) By Function: Health and Wellness, Wealth Management

3) By Distribution Channel: Brick and Mortar, Specialty Foodservice stores, Online

4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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The Functional Beverages Opportunities And Strategies: Forecast To 2023 is one of a series of new reports from The Business Research Company that provides functional beverages market overviews, analyzes and forecasts market size, share, functional beverages market players, functional beverages market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The functional beverages identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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Read Functional Beverages Opportunities And Strategies: Forecast To 2023 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: The Coca-Cola Company, PepsiCo Inc., Nestle S.A, Danone, Red Bull GmbH

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Functional Beverages Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Functional Beverages Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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