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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, as per The Business Research Company’s functional beverages market opportunities and strategies report.

The functional beverages market is expected to recover and grow at a CAGR of 8.07% from 2021 and reach $158,28 billion in 2023.

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Major players in the functional beverages market include The Coca-Cola Company, PepsiCo Inc., Nestle S.A, Danone, Red Bull GmbH.

Natural botanical infused drinks are the latest trend predominant in the functional beverages market. 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. Key companies operating in the market are introducing several types of drinks that are infused with natural botanicals.

The Global Functional Beverages Market Is Segmented:
By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-Based Beverages, Juices, Enhanced Water, Others

By Function: Health And Wellness, Wealth Management

By Distribution Channel: Brick And Mortar, Specialty Foodservice Stores, Online
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

TBRC’s Functional Beverages Market Report Covers:

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 (2016-21) and ten years forecast (2022-2026-2031)

The Functional Beverages Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 is one of a series of new reports from The Business Research Company that provides thorough functional beverages market research, analyzes and forecasts functional beverages market size, functional beverages market share, functional beverages market players, functional beverages market trends, functional beverages market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s functional beverages market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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.

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