(EMAILWIRE.COM, July 10, 2023 ) The Functional Beverages Market was valued USD 140.87 Mn in 2022 and is expected to grow at a CAGR of 7.47 percent over the forecast period to reach USD 233.25 Mn by 2029.
Functional Beverages Market Scope and Research Methodology
Major manufacturers in the Functional Beverages Market are listed by region, total market revenue, financial status, advancements adopted by the market players, and mergers & acquisitions. Primary and secondary research was conducted to collect data from the Functional Beverages Market.
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Functional Beverages Market Dynamics
Increasing demand for natural and organic ingredients in functional beverages is expected to boost the market growth. Stringent government regulations on the production of beverages is expected to limit the market growth.
Functional Beverages Market Regional Insight
North America region is expected to boost the Functional Beverages market growth over the forecast period. Increased demand for natural and organic products in the region is expected to boost the market growth over the forecast period.
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Functional Beverages Market Segmentation
By Product Type:
Energy Drinks
Sports Drinks
Nutraceutical drinks
Dairy-based beverages
Juices
Enhanced Water
Others
By Distribution Channel:
Supermarkets
Hypermarkets
Health Stores
Online Retails
Departmental Stores
Convenience Stores
Others
By Ingredient Type:
Antioxidants
Minerals
Amino Acids
Probiotics
Prebiotics
Vitamins
Super-Fruit extracts
Botanical Flavors
By End User
Athletes
Fitness Lifestyle Users
Others
Functional Beverages Market Key Players Include
Coca-Cola (United States)
PepsiCo (United States)
Keurig Dr. Pepper (United States)
Monster Beverage Corporation (United States)
Starbucks Corporation (United States)
Asahi Group Holdings, Ltd. (Japan)
Yakult Honsha Co., Ltd. (Japan)
Kirin Holdings Co., Ltd. (Japan)
Uni-President Enterprises Corp. (Taiwan)
Lotte Chilsung Beverage Co., Ltd. (South Korea)
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Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
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Organic Foods and Beverages Market : The total market size is expected to reach USD 970.50 Bn by 2029 at a CAGR of 16 percent over the forecast period.
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