Product Code: GVR-2-68038-415-4
Functional Drinks Market Growth & Trends:
The global functional drinks market size is expected to reach USD 353.4 billion by 2030, registering a CAGR of 7.1% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising health awareness in several countries, globally, has prompted consumers to switch from regular soft drinks with high sugar content to healthier substitutes with functional ingredients that provide health benefits.
Accelerated innovation and technological advancements in food engineering, nutrition, and biochemistry are facilitating manufacturers to develop innovative nutritious beverages.The market for functional drinks is expanding quickly as a result of the significant consumer shift toward adopting various diets, such as keto and vegan. Despite their busy schedules, people tend to lead a healthy lifestyle by buying healthy products thereby fueling the product demand. The rising sports industry and increasing inclination of the consumers towards the gym is increasing demand for the sports drinks and energy drinks, thus propelling the product demand.
Energy drink contains high levels of stimulant ingredients, such as caffeine, coupled with supplements such as vitamins, minerals, carnitine, etc. This ingredient helps to enhance mental alertness as well as physical performance. The increasing popularity of energy drinks among teenage consumers is expected to propel the functional beverages market growth in the forecast period. Increasing health concerns and awareness among consumers of a healthy lifestyle is further increasing demand for the herbal energy drinks in the foreseeable timeframe.
Easy accessibility of the functional drinks such as energy drinks and sports drinks on e-commerce platforms owing to high internet penetration in developed countries is expected to boost the market. Furthermore, increasing focus on developing plant-based drinks by major manufacturers for the consumers who have environmental concerns or adopting vegetarian diets are some other factors supporting the functional drinks market growth during the forecast period.
Europe is predicted to grow significantly in the coming years owing to increasing demand for the functional food & beverages in the region. Germany accounted for the highest revenue share in the market in 2021. Increasing demand for the product innovations in energy drinks among the youngsters is encouraging manufacturers to launch products with various flavors; fortified with vitamins, minerals, etc. this factor would further boost growth of the German energy drinks market. Additionally, sale of the functional drinks is raising as a result of the presence of major energy drink manufacturers such as Monster Energy Company and Red Bull.
Functional Drinks Market Report Highlights:
- Energy drinks held the largest market share during 2022 in the type segment owing to the rising number of fitness enthusiasts and increasing sports activities, globally
- Hypermarkets/Supermarkets held the largest market in 2022, owing to the increasing availability of various products with competitive pricing coupled with the rising adoption of the working class population
- Asia Pacific is estimated to attain the highest CAGR from 2023-2030. The growth can be attributed to the rising population with chronic illnesses such as diabetes and the growing commercialization of the sports events in China and India
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Research methodology
- 1.2 Research scope & assumptions
- 1.2.1 Research Scope
- 1.2.2 Assumptions
- 1.3 List of data sources
Chapter 2 Executive Summary
Chapter 3 Functional drink Market Variables, Trends, and Scope
- 3.1 Market segmentation& scope
- 3.2 Penetration & growth prospect mapping
- 3.3 Value chain analysis
- 3.4 Regulatory Framework
- 3.5 Functional drink market dynamics
- 3.5.1 Market Driver Analysis
- 3.5.1.1 Rise in demand for herbal-infused beverages
- 3.5.1.2 Increasing adoption of sports drinks among youngsters
- 3.5.2 Market Restraint Analysis
- 3.6 Industry Analysis - Porter's Five Forces
- 3.7 PESTEL Analysis
Chapter 4 Functional Drink Market: Type Estimates & Trend Analysis
- 4.1 Type movement analysis & market share, 2017 & 2030
- 4.2 Energy drink
- 4.2.1 Global energy drinks in functional drink market estimates and forecasts, 2021 - 2030 (USD Billion)
- 4.2.2 Global energy drinks in functional drink market estimates and forecasts, by region, 2021 - 2030 (USD Billion)
- 4.3 Sports drink
- 4.3.1 Global sports drink in functional drink market estimates and forecasts, 2021 - 2030 (USD Billion)
- 4.3.2 Global sports drink in functional drink market estimates and forecasts, by region, 2021 - 2030 (USD Billion)
- 4.4 Nutraceutical drink
- 4.4.1 Global nutraceutical drink in functional drink market estimates and forecasts, 2021 - 2030 (USD Billion)
- 4.4.2 Global nutraceutical drink in functional drink market estimates and forecasts, by region, 2021 - 2030 (USD Billion)
Chapter 5 Functional Drink Market: Distribution Channel Estimates & Trend Analysis
- 5.1 Distribution channel movement analysis & market share, 2017 & 2030
- 5.2 Hypermarkets/Supermarkets
- 5.2.1 Functional drink in global Hypermarkets/Supermarkets market estimates and forecasts, 2021 - 2030 (USD Billion)
- 5.2.2 Functional drink in global Hypermarkets/Supermarkets market estimates and forecasts, by region, 2021 - 2030 (USD Billion)
- 5.3 Specialty Stores
- 5.3.1 Functional drink in global Specialty Stores market estimates and forecasts, 2021 - 2030 (USD Billion)
- 5.3.2 Functional drink in global Specialty Stores market estimates and forecasts, by region, 2021 - 2030 (USD Billion)
- 5.4 Online
- 5.4.1 Functional drink in global Online market estimates and forecasts, 2021 - 2030 (USD Billion)
- 5.4.2 Functional drink in global Online market estimates and forecasts, by region, 2021 - 2030 (USD Billion)
- 5.5 Others
- 5.5.1 Functional drink in global others market estimates and forecasts, 2021 - 2030 (USD Billion)
- 5.5.2 Functional drink in global others market estimates and forecasts, by region, 2021 - 2030 (USD Billion)
Chapter 6 Functional drink Market: Regional Estimates & Trend Analysis
- 6.1 Regional Movement Analysis & Market Share, 2017 & 2030
- 6.1.1 Global Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.1.2 Global Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.1.3 Global Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.2 North America
- 6.2.1 North America Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.2.2 North America Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.2.3 North America Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.2.4 U.S.
- 6.2.4.1 U.S. Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.2.4.2 U.S. Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.2.4.3 U.S. Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.2.5 Canada
- 6.2.5.1 Canada Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.2.5.2 Canada Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.2.5.3 Canada Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.2.6 Mexico
- 6.2.6.1 Mexico Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.2.6.2 Mexico Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.2.6.3 Mexico Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.3 Europe
- 6.3.1 Europe Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.3.2 Europe Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.3.3 Europe Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.3.4 U.K.
- 6.3.4.1 U.K. Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.3.4.2 U.K. Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.3.4.3 U.K. Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.3.5 Germany
- 6.3.5.1 Germany Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.3.5.2 Germany Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.3.5.3 Germany Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.3.6 France
- 6.3.6.1 France Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.3.6.2 France Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.3.6.3 France Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.3.7 Italy
- 6.3.7.1 Italy Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.3.7.2 Italy Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.3.7.3 Italy Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.3.8 Spain
- 6.3.8.1 Spain Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.3.8.2 Spain Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.3.8.3 Spain Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.4.2 Asia Pacific Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.4.3 Asia Pacific Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.4.4 China
- 6.4.4.1 China Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.4.4.2 China Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.4.4.3 China Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.4.5 India
- 6.4.5.1 India Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.4.5.2 India Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.4.5.3 India Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.4.6 Japan
- 6.4.6.1 Japan Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.4.6.2 Japan Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.4.6.3 Japan Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.4.7 Australia & New Zealand
- 6.4.7.1 Australia & New Zealand Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.4.7.2 Australia & New Zealand Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.4.7.3 Australia & New Zealand Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.5 South & Central America
- 6.5.1 South & Central America Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.5.2 South & Central America Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.5.3 South & Central America Functional drinks market estimates and forecast, by distribution channel, 2021 - 2030USD Billion)
- 6.5.4 Brazil
- 6.5.4.1 Brazil Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.5.4.2 Brazil Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.5.4.3 Brazil Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.5.5 Argentina
- 6.5.5.1 Argentina Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.5.5.2 Argentina Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.5.5.3 Argentina Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.6.2 Middle East & Africa Functional drinks market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.6.3 Middle East & Africa Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.6.4 South Africa
- 6.6.4.1 South Africa Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.6.4.2 South Africa Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.6.4.3 South Africa Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
- 6.6.5 Saudi Arabia
- 6.6.5.1 Saudi Arabia Functional drink market estimates and forecast, 2021 - 2030 (USD Billion)
- 6.6.5.2 Saudi Arabia Functional drink market estimates and forecast, by Type, 2021 - 2030 (USD Billion)
- 6.6.5.3 Saudi Arabia Functional drink market estimates and forecast, by distribution channel, 2021 - 2030 (USD Billion)
Chapter 7 Competitive Landscape
- 7.1 Vendor landscape
- 7.2 Competitive environment
- 7.3 Company market positioning
- 7.4 Strategic Framework
Chapter 8 Company Profiles
- 8.1 The Coca-Cola Company
- 8.1.1 Company overview
- 8.1.2 Financial performance
- 8.1.3 Type benchmarking
- 8.1.4 Strategic initiatives
- 8.2 Monster Beverage Corporation
- 8.2.1 Company overview
- 8.2.2 Financial performance
- 8.2.3 Type Benchmarking
- 8.2.4 Strategic initiatives
- 8.3 PepsiCo
- 8.3.1 Company overview
- 8.3.2 Financial performance
- 8.3.3 Type benchmarking
- 8.3.4 Strategic initiatives
- 8.4 Red Bull GmbH
- 8.4.1 Company overview
- 8.4.2 Financial performance
- 8.4.3 Type benchmarking
- 8.4.4 Strategic initiatives
- 8.5 Otsuka Holdings Co., Ltd.
- 8.5.1 Company overview
- 8.5.2 Financial performance
- 8.5.3 Type benchmarking
- 8.5.4 Strategic initiatives
- 8.6 Suntory Group
- 8.6.1 Company overview
- 8.6.2 Financial performance
- 8.6.3 Type benchmarking
- 8.6.4 Strategic initiatives
- 8.7 DANONE SA
- 8.7.1 Company overview
- 8.7.2 Financial performance
- 8.7.3 Type benchmarking
- 8.7.4 Strategic initiatives
- 8.8 Nestle
- 8.8.1 Company overview
- 8.8.2 Financial performance
- 8.8.3 Type benchmarking
- 8.8.4 Strategic initiatives