Functional Beverages Market to grow at a CAGR of 7.47 percent reaching USD 233.25 Mn during the forecast period

(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:

Beverages Flavor Market : The market size is expected to reach USD 21 Bn by 2029 at a CAGR of 4.6 percent during the forecast period.

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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