Functional beverages market is anticipated to grow at a CAGR of around 6% during the forecast period. Functional beverages usually constitute of ingredients such as herbs, vitamins, minerals, amino acids, or raw fruit or vegetables with other performance-enhancing substance. Functional beverages are intended to provide various health benefits. The availability of functional beverages in various flavours and other options such as no-calorie and sugar will significantly enhance its adoption across the globe, which in turn, will drive the growth of the functional beverages market during the forecast period. However, the consumption of functional beverages above the prescribed limit have some adverse health effects which will significantly hamper the functional beverages market growth during the forecast period.
The global functional beverages market is segmented based on the type and distribution channel. Based on the type, the market is sub-segmented into energy drinks, sports drinks, dairy &dairy alternative beverages, and others. Based on the distribution channel the market is bifurcated into retail& supermarket and online platform. The online platform is estimated to exhibit considerable growth during the forecast period owing to the increasing growth in the e-commerce industry coupled with the increasing internet penetration.
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Market Coverage
- Market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Functional Beverages Market- Segmentation
By Type
- Energy Drinks
- Sports Drinks
- Dairy &Dairy Alternative Beverage
- Others
By Distribution Channel
- Retail & Supermarket
- Online Platform
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Functional Beverages Market- Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East Africa
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