Functional Beverages Market Growth, Size, Share | 2028

Functional Beverages Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Energy Drinks, Sports Drinks, Fortified Juices, Functional Water, and Others) and Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online Retail, and Others)

Publication Month : Mar 2022

  • Report Code : TIPRE00028382
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 135
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[Research Report] The functional beverages market is projected to reach US$ 145,146.05 million by 2028 from US$ million 85,728.85 in 2021; it is expected to grow at a CAGR of 7.8% from 2021 to 2028.

Market Insights and Analyst View:

Functional beverages are a sub-part of the non-alcoholic beverages industry. Functional beverages contain minerals, vitamins, amino acids, dietary fibers, and probiotics that enhance the overall physical state of the human body and reduce the risk of disease progression. Functional beverages act as an instant energy source and are usually consumed by sportspersons and athletes. The increased participation of people in sports and fitness activities has also fueled the demand for functional beverages as they help in improving athletic performance.

Growth Drivers and Challenges:

Over the past few years, awareness regarding health and nutrition has increased significantly. Because of hectic work schedules and extended working hours, people cannot concentrate on their health and fitness, leading to various health issues such as obesity, diabetes, eye problems, skin problems, etc. Therefore, people increasingly prefer food and beverages which offer nutritional health benefits. People are altering their dietary habits and including nutrient-enriched food and beverages. The increased participation of people in sports and fitness activities has also fueled the demand for functional beverages as they help in improving athletic performance. Moreover, the vegan trend is rapidly evolving across the global market, which has compelled various manufacturers of functional beverages to develop plant-based alternatives. These factors are expected to drive the global functional beverages market growth.

Moreover, sports beverages are gaining popularity among athletes and other individuals involved in energetic physical activities. The millennial generation exponentially fuels the demand for sports beverages due to its high buying capacity, willingness to pay for health products, acute interest in sports, and growing inclination toward fitness activities. Thus, the growing demand for sports beverages further drives the global functional beverages market share. However, the high cost associated with functional beverages hamper the global market growth.

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Functional Beverages Market: Strategic Insights

functional-beverages-market
Market Size Value inUS$ 85,728.85 million in 2021
Market Size Value byUS$ 145,146.05 million by 2028
Growth rateCAGR of 7.8% from 2021 to 2028.
Forecast Period2021- 2028
Base Year2021
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Report Segmentation and Scope:

The “Global Functional Beverages Market” is segmented based on type, distribution channel, and geography. Based on type, the market is categorized into energy beverages, sports beverages, fortified juices, functional water, and others. Based on the distribution channel, the functional beverages market is segmented into supermarkets & hypermarkets, convenience stores, online retail, and others. The functional beverages market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)

Segmental Analysis

Drinks Based on type, the functional beverages market is segmented into energy beverages, sports beverages, fortified juices, functional water, and others. The energy beverages segment is significant globally, contributing to the rising functional beverages market share. The marketing of energy beverages has been mainly directed toward teenagers. Manufacturers are marketing their brands, such as Red Bull and Monster, by saying their product "gives you wings," or "scientifically formulated," or is a "killer energy brew." Also, they are targeting the youth audience through social media channels. Such marketing strategies are further expected to create functional drink market trends and boost the demand for energy beverages.

Moreover, based on distribution channels, the convenience stores segment is growing significantly. They have many products, including carbonated beverages, non-carbonated beverages, soft beverages, and other beverages from different brands. Customers may prefer these stores to buy functional beverages for ease and convenience. The segment is growing significantly due to greater availability and exposure to products resulting from increased awareness of the health implications associated with functional beverages.

Regional Analysis:

Based on geography, the functional beverages market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global functional beverages market was dominated by North America, which accounted for US$ 42,744 million in 2021. Asia Pacific is second major contributor holding more than 20% share in the global market.  Additionally, Europe is expected to grow considerably at a CAGR of 7.9% over the forecast period. The growing number of health- and fitness-conscious individuals in North America has increased the demand for functional products, impacting all menu elements; the beverage category holds the biggest opportunity for flavor innovation.  Also, the popularity of zero-calorie, zero-sugar, and low-carb soft beverages and plant-based beverages is growing across the region, increasing the functional beverages market growth. Moreover, the rising vegan population and veganism are boosting the demand for plant-based functional beverages, such as plant-based milk. The above-mentioned factors are boosting the demand of functional beverages and are further expected to propel the functional beverages market size in the future.

Moreover, the demand for energy beverages and sports beverages is rising from the younger population of Europe. According to Eurostat, ~65% of the population in Europe ranges from 15 to 64 years. The changing lifestyle of consumers with hectic lifestyles makes energy beverages more popular among this age group. There has been an increase in the party culture in the younger population, which has made the usage of energy beverages prevalent as a functional drink.

Industry Developments and Future Opportunities:

Various initiatives taken by the key players operating in the functional beverages market are listed below:

  1. In 2020, PepsiCo, Inc. enlisted an agreement to acquire Rockstar Energy Beverages, an energy drink manufacturer company in the US, for US$ 3.85 billion. This acquisition focused on extending the existing product portfolio of PepsiCo’s functional beverages.
  2. In February 2021 (a US-based company), Good Sports, launched its natural sports drink, which possesses three times the electrolytes and 33% less sugar than traditional sports beverages.
  3. In October 2020, Sanitarium, one of the leading Australia-based health and nutrition company, launched a dairy-free, gluten-free, and vegan-friendly breakfast drink under the brand name UP&GO. The product is made using soy milk enriched with protein, fiber, and calcium and has a low glycemic index.

Covid-19 Impact:

The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverages industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Before the onset of the COVID-19 outbreak, the functional beverages market was mainly driven by the rising demand for products that support digestive and immune health.

Further, the COVID-19 pandemic positively impacted the functional beverages market as consumers gravitated toward immunity-boosting and nutritious products as the number of COVID-19 patients increased. The nutritional value of functional beverages is high, which stimulates demand during the pandemic. This factor provided a substantial growth opportunity for the functional beverages market during the pandemic.

Competitive Landscape and Key Companies:

Top 10 companies operating in the global functional beverages market include PepsiCo; The Coca-Cola Company; Nestlé; The Kraft Heinz Company; GENERAL MILLS, INC.; Danone S.A.; Monster Energy Company; Red Bull; CAMPBELL SOUP COMPANY; and The Wonderful Company LLC. among others. These players offer functional beverages with innovative features to attract a large number of consumers.  

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type and Distribution Channel

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Based on distribution channel, which is the fastest growing segment in the functional beverages market?

Based on distribution channel, the online retail is the fastest growing segment due to its shopping and product delivery convenience. Online retail stores offer a wide variety of products with heavy discounts; also, consumers can conveniently buy desirable products remotely.

What are the key drivers for the growth of the global functional beverages market?

Surging demand for beverages with functional benefits and increasing healthcare expenditure are some of the key driving factors for functional beverages market.

What is the largest region of the global functional beverages market?

North America accounted for the largest share of the global functional beverages market. Consumers looking for healthier alternatives in food & beverages to boost immunity were alarmed by the impact of COVID-19. The nutritional value of the functional beverage is high, which stimulated its demand.

Can you list some of the major players operating in the global functional beverages market?

The major players operating in the global functional beverages market are PepsiCo; The Coca-Cola Company; Nestlé; KRAFT Foods; GENERAL MILLS, INC.; Danone S.A.; Monster Energy Company; Red Bull; CAMPBELL SOUP COMPANY; The Wonderful Company LLC.

What are the opportunities for functional beverages in the global market?

Hike in demand for plant-based functional beverages owing to its health benefits and nutritional properties is a major factor projected to offer lucrative growth opportunities to the functional beverage market over the forecast period

Based on type, why does the energy drink segment have largest revenue share?

Based on type, the energy drink segment accounted for the largest revenue share because of growing health consciousness among consumers and energy drinks are widely consumed by adolescents due to their claims of improving performance, endurance, and alertness.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country Level Data

4. Global Functional Beverages Market Landscape

4.1 Market Overview

4.2 Porters Five Forces Analysis

4.3 Value Chain Analysis

4.4 Expert Opinion

5. Functional Beverages Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Surging Demand for Beverages with Functional Benefits

5.1.2 Increasing Healthcare Expenditure

5.2 Market Restraints

5.2.1 High Costs of Functional Beverages and Stringent Labeling Norms

5.3 Market Opportunities

5.3.1 Hike in Demand for Plant-based Functional Beverages

5.4 Future Trends

5.4.1 Growing Popularity of Nootropic Beverages

5.5 Impact Analysis of Drivers and Restraints

6. Functional Beverages – Global Market Analysis

6.1 Functional Beverages Market Overview

6.2 Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

6.3 Competitive Positioning – Key Market Players

7. Global Functional Beverages Market Analysis – By Product Type

7.1 Overview

7.2 Functional Beverages Market, By Product Type (2020 and 2028)

7.3 Energy Drinks

7.3.1 Overview

7.3.2 Energy Drinks: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

7.4 Sports Drinks

7.4.1 Overview

7.4.2 Sports Drinks: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

7.5 Fortified Juices

7.5.1 Overview

7.5.2 Fortified Juices: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

7.6 Functional Water

7.6.1 Overview

7.6.2 Functional Water: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

8. Functional Beverages Market Analysis – By Distribution Channel

8.1 Overview

8.2 Functional Beverages Market, By Distribution Channel (2020 and 2028)

8.3 Supermarkets and Hypermarkets

8.3.1 Overview

8.3.2 Supermarkets and Hypermarkets: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

8.4 Convenience Stores

8.4.1 Overview

8.4.2 Convenience Stores: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

8.5 Online Retail

8.5.1 Overview

8.5.2 Online Retail: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

9. Global Functional Beverages Market – Geographic Analysis

9.1 Overview

9.2 North America

9.2.1 Overview

9.2.2 North America: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

9.2.3 North America: Functional Beverages Market, By Product Type

9.2.4 North America: Functional Beverages Market, by Distribution Channel

9.2.5 North America: Functional Beverages Market, by Key Country

9.2.5.1 US: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.2.5.1.1 US: Functional Beverages Market, By Product Type

9.2.5.1.2 US: Functional Beverages Market, by Distribution Channel

9.2.5.2 Canada: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.2.5.2.1 Canada: Functional Beverages Market, By Product Type

9.2.5.2.2 Canada: Functional Beverages Market, by Distribution Channel

9.2.5.3 Mexico: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.2.5.3.1 Mexico: Functional Beverages Market, By Product Type

9.2.5.3.2 Mexico: Functional Beverages Market, by Distribution Channel

9.3 Europe: Functional Beverages Market

9.3.1 Europe: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Functional Beverages Market, By Product Type

9.3.3 Europe: Functional Beverages Market, by Distribution Channel

9.3.4 Europe: Functional Beverages Market, by Key Country

9.3.4.1 Germany: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Functional Beverages Market, By Product Type

9.3.4.1.2 Germany: Functional Beverages Market, by Distribution Channel

9.3.4.2 France: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Functional Beverages Market, By Product Type

9.3.4.2.2 France: Functional Beverages Market, by Distribution Channel

9.3.4.3 Italy: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Functional Beverages Market, By Product Type

9.3.4.3.2 Italy: Functional Beverages Market, by Distribution Channel

9.3.4.4 UK: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: Functional Beverages Market, By Product Type

9.3.4.4.2 UK: Functional Beverages Market, by Distribution Channel

9.3.4.5 Russia: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Functional Beverages Market, By Product Type

9.3.4.5.2 Russia: Functional Beverages Market, by Distribution Channel

9.3.4.6 Rest of Europe: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Functional Beverages Market, By Product Type

9.3.4.6.2 Rest of Europe: Functional Beverages Market, by Distribution Channel

9.4 Asia-Pacific: Functional Beverages Market

9.4.1 Asia-Pacific: Functional Beverages Market – Analysis and Forecast to 2028 (US$ Million)

9.4.2 Asia-Pacific: Functional Beverages Market, By Product Type

9.4.3 Asia-Pacific: Functional Beverages Market, by Distribution Channel

9.4.4 Asia-Pacific: Functional Beverages Market, by Key Country

9.4.4.1 Australia: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.4.4.1.1 Australia: Functional Beverages Market, By Product Type

9.4.4.1.2 Australia: Functional Beverages Market, by Distribution Channel

9.4.4.2 China: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.4.4.2.1 China: Functional Beverages Market, By Product Type

9.4.4.2.2 China: Functional Beverages Market, by Distribution Channel

9.4.4.3 India: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.4.4.3.1 India: Functional Beverages Market, By Product Type

9.4.4.3.2 India: Functional Beverages Market, by Distribution Channel

9.4.4.4 Japan: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.4.4.4.1 Japan: Functional Beverages Market, By Product Type

9.4.4.4.2 Japan: Functional Beverages Market, by Distribution Channel

9.4.4.5 South Korea: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.4.4.5.1 South Korea: Functional Beverages Market, By Product Type

9.4.4.5.2 South Korea: Functional Beverages Market, by Distribution Channel

9.4.4.6 Rest of Asia-Pacific: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.4.4.6.1 Rest of Asia-Pacific: Functional Beverages Market, By Product Type

9.4.4.6.2 Rest of Asia-Pacific: Functional Beverages Market, by Distribution Channel

9.5 Middle East and Africa: Functional Beverages Market

9.5.1 Middle East and Africa: Functional Beverages Market – Analysis and Forecast to 2028 (US$ Million)

9.5.2 Middle East and Africa: Functional Beverages Market, By Product Type

9.5.3 Middle East and Africa: Functional Beverages Market, by Distribution Channel

9.5.4 Middle East and Africa: Functional Beverages Market, by Key Country

9.5.4.1 South Africa: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Functional Beverages Market, By Product Type

9.5.4.1.2 South Africa: Functional Beverages Market, by Distribution Channel

9.5.4.2 Saudi Arabia: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Functional Beverages Market, By Product Type

9.5.4.2.2 Saudi Arabia: Functional Beverages Market, by Distribution Channel

9.5.4.3 UAE: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Functional Beverages Market, By Product Type

9.5.4.3.2 UAE: Functional Beverages Market, by Distribution Channel

9.5.4.4 Rest of the Middle East and Africa: Functional Beverages Market –Analysis and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of the Middle East and Africa: Functional Beverages Market, By Product Type

9.5.4.4.2 Rest of the Middle East and Africa: Functional Beverages Market, by Distribution Channel

9.6 South and Central America: Functional Beverages Market

9.6.1 South and Central America: Functional Beverages Market – Revenue and Forecast to 2028(US$ Million)

9.6.2 South and Central America: Functional Beverages Market, By Product Type

9.6.3 South and Central America: Functional Beverages Market, by Distribution Channel

9.6.4 South and Central America: Functional Beverages Market, by Key Country

9.6.4.1 Brazil: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Functional Beverages Market, By Product Type

9.6.4.1.2 Brazil: Functional Beverages Market, by Distribution Channel

9.6.4.2 Argentina: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Functional Beverages Market, By Product Type

9.6.4.2.2 Argentina: Functional Beverages Market, by Distribution Channel

9.6.4.3 Rest of South and Central America: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of South and Central America: Functional Beverages Market, By Product Type

9.6.4.3.2 Rest of South and Central America: Functional Beverages Market, by Distribution Channel

10. Overview- Impact of Coronavirus Outbreak

10.1 North America: Impact Assessment of COVID-19 Pandemic

10.2 Europe: Impact Assessment of COVID-19 Pandemic

10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic

10.5 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 PepsiCo

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 The Coca-Cola Company

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Nestle

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Kraft Foods

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 General Mills

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Campbell Soup Company

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Red Bull

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 The Wonderful Company LLC

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Danone SA

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 Monster Energy Company

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES

Table 1. Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. Global Functional Beverages Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. Global Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 6. US Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. US Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 10. Mexico Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Mexico Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 12. Europe Functional Beverages Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 13. Europe Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 14. Germany Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. Germany Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 16. France Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. France Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 18. Italy Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 19. Italy Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 20. UK Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 21. UK Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 22. Russia Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 23. Russia Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 24. Rest of Europe Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 25. Rest of Europe Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 26. Asia-Pacific Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 27. Asia-Pacific Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 28. Australia Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 29. Australia Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 30. China Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 31. China Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 32. India Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 33. India Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 34. Japan Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 35. Japan Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 36. South Korea Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 37. South Korea Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 38. Rest of Asia-Pacific Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 39. Rest of Asia-Pacific Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 40. Middle East and Africa Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 41. Middle East and Africa Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 42. South Africa Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 43. South Africa Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 44. Saudi Arabia Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 45. Saudi Arabia Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 46. UAE Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 47. UAE Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 48. Rest of the Middle East and Africa Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 49. Rest of the Middle East and Africa Functional Beverages Market, by Distribution Channel– Revenue and Forecast to 2028 (US$ Million)

Table 50. South and Central America Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 51. South and Central America Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 52. Brazil Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 53. Brazil Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 54. Argentina Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 55. Argentina Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 56. Rest of South and Central America Functional Beverages Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 57. Rest of South and Central America Functional Beverages Market, by Distribution Channel – Revenue and Forecast to 2028 (US$ Million)

Table 58. List of Abbreviation

LIST OF FIGURES

Figure 1. Global Functional Beverages Market Segmentation

Figure 2. Functional Beverages Market Segmentation – By Geography

Figure 3. Global Functional Beverages Market Overview

Figure 4. Functional Beverages Market, By Product Type

Figure 5. Functional Beverages Market, By Geography

Figure 6. Global Functional Beverages Market, Industry Landscape

Figure 7. North America: Porters Analysis

Figure 8. Europe: Porters Analysis

Figure 9. Asia-Pacific: Porters Analysis

Figure 10. Middle East and Africa: Porters Analysis

Figure 11. South and Central America: Porters Analysis

Figure 12. Expert Opinion

Figure 13. Global Functional Beverages Market Impact Analysis of Drivers and Restraints

Figure 14. Geographic Overview of Functional Beverages Market

Figure 15. Global: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)

Figure 17. Energy Drinks: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18. Sports Drinks: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19. Functional Beverages Market Revenue Share, By Distribution Channel (2020 and 2028)

Figure 20. Supermarkets and Hypermarkets: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

Figure 21. Convenience Stores: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22. Online Retail: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

Figure 23. Others: Functional Beverages Market – Revenue and Forecast To 2028 (US$ Million)

Figure 24. Global Functional Beverages Market Revenue Share, By Region (2020 and 2028)

Figure 25. North America: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. North America: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)

Figure 27. North America: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 28. North America: Functional Beverages Market Revenue Share, by Key Country (2020 and 2028)

Figure 29. US: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Canada: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Mexico: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Europe: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Europe: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)

Figure 34. Europe: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 35. Europe: Functional Beverages Market Revenue Share, by Key Country (2020 and 2028)

Figure 36. Germany: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. France: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 38. Italy: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 39. UK: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 40. Russia: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. Rest of Europe: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 42. Asia-Pacific: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. Asia-Pacific: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)

Figure 44. Asia-Pacific: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 45. Asia-Pacific: Functional Beverages Market Revenue Share, by Key Country (2020 and 2028)

Figure 46. Australia: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 47. China: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 48. India: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 49. Japan: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 50. South Korea: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 51. Rest of Asia-Pacific: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 52. Middle East and Africa: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. Middle East and Africa: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)

Figure 54. Middle East and Africa: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 55. Middle East And Africa: Functional Beverages Market Revenue Share, By Key Country (2020 And 2028)

Figure 56. South Africa: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 57. Saudi Arabia: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 58. UAE: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 59. Rest of the Middle East and Africa: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 60. South and Central America: Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)

Figure 61. South and Central America: Functional Beverages Market Revenue Share, By Product Type (2020 and 2028)

Figure 62. South and Central America: Functional Beverages Market Revenue Share, by Distribution Channel (2020 and 2028)

Figure 63. South and Central America: Functional Beverages Market Revenue Share, by Key Country (2020 and 2028)

Figure 64. Brazil: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 65. Argentina: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 66. Rest of South and Central America: Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)

Figure 67. Impact of COVID-19 Pandemic in North American Country Markets

Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 70. Impact of COVID-19 Pandemic in the Middle East & Africa Country Markets

Figure 71. Impact of COVID-19 Pandemic in South and Central America Country Markets

The List of Companies - Functional Beverages Market

  1. PepsiCo      
  2. The Coca-Cola Company   
  3. Nestlé         
  4. KRAFT Foods          
  5. GENERAL MILLS, INC.       
  6. Danone S.A.          
  7. Monster Energy Company            
  8. Red Bull       
  9. CAMPBELL SOUP COMPANY          
  10. The Wonderful Company LLC.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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