Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 175.5 million | USD 339.6 million | 8.6% | 2022 |
FrequentlyAsked Questions
Functional beverages are a type of drink that provides unique health advantages owing to the addition of functional ingredients. These beverages are designed to refresh customers while also addressing areas such as energy, immunity, digestion, and mental concentration.
The market is mostly driven by the rising health concerns brought on by chronic diseases and obesity. Additionally, customers are looking for functional beverages to boost immunity, help them control their weight, and give them more energy, which is driving the growth of the market.
According to the report, the global market size was worth around USD 175.5 billion in 2022 and is predicted to grow to around USD 339.6 billion by 2030.
The global Functional Beverages market is expected to grow at a CAGR of 8.6% during the forecast period.
The global Functional Beverages market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the presence of major players.
The global Functional Beverages market is dominated by players like Nutratech, Inc., Red Bull GmbH, Nestlé, PepsiCo, Inc., Kraft Foods, General Mills, Cadbury Schweppes, Campbell Soup Co., Monster Beverage Corporation, The Coca-Cola Company, Archer Daniels Midland Co., DuPont Nutrition & Health, LycoRed Ltd., Fortitech, Inc., BASF SE, Maxinutrition, Glanbia, Clif Bar & Company, Universal Nutrition, Dr Pepper Snapple Group Inc., Groupe Danone, Tata Tea, GSK, RushNet, Jivita LLC, Taut, Old Orchard Brands and Energy69 among others.
The Functional Beverages market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed