Danone Is One Of The Largest Players In The Functional Beverages Market, According To The Business Research Company’s Functional Beverages Market Global Report 2020-30: COVID-19 Growth and Change
(Companies Covered: Danone, Clif Bar & Company, Universal Nutrition, Cloud 9, The Coca-Cola Company, Monster Beverage Corporation, Arla foods, National Beverage Corp, Cloud 9, Nestle)
The global functional beverages market is expected to decline from $128.66 billion in 2019 to $125.39 billion in 2020 at a compound annual growth rate (CAGR) of -2.54%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $158.28 billion in 2023 at CAGR of 8.08%.
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Functional beverages are non-alcoholic drinks which contain non-traditional ingredients such as vitamins, minerals, dietary fibers, probiotics, and added fruits. Function drinks include energy drinks, sports drinks, enhanced fruit drinks, and functional bottled water.
Global Functional Beverages Market Segmentation –
The functional beverages market covered in this report is segmented
1) By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-based Beverages, Juices, Enhanced Water, Others
2) By Function: Health & Wellness, Weight Management
3) By Distribution: Channel, Brick & mortar, Online.
Global Functional Beverages Market Drivers –
Increasing awareness of health is anticipated to propel the demand for functional beverages over the forecast period. Functional beverages help to enhance various body functionalities including the management of heart rate, digestive health, immune system, and weight management attributing to the presence of vitamins, minerals, herbs, and amino acids. The consumers are increasingly shifting towards the consumption of functional beverages that contain ingredients to address these specific health issues.
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A Few Points From The Global Functional Beverages Market ToC
1. Executive Summary
2. Functional Beverages Market Characteristics
3. Functional Beverages Market Size And Growth
3.1. Global Functional Beverages Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Functional Beverages Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Functional Beverages Market Segmentation
5. Functional Beverages Market Regional And Country Analysis
5.1. Global Functional Beverages Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5.2. Global Functional Beverages Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
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