NEWARK, Del, July 25 2022 (GLOBE NEWSWIRE) — The global functional beverage market is expected to register a CAGR of 6% from 2022 to 2032. Among health-conscious consumers, functional beverages are increasingly becoming an essential part of their diet driving growth. growth of this industry.

Technological advances and accelerated innovations in nutrition, biochemistry and food engineering are enabling manufacturers to formulate innovative nutritious beverages.

Due to the drastic shift of consumers to follow various diets including keto and vegan, the functional drink market is growing at a rapid pace. Despite hectic lifestyles, people are inclined to live healthy and make healthy choices exhibiting an impressive CAGR in the coming years.

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Key points to remember

  • The growing trend of maintaining good health despite a hectic lifestyle is making functional beverages a popular choice. The global functional beverages market is estimated to show a tremendous growth in the coming years.
  • Massive amounts of functional drinks are being consumed by millennial consumers, as these drinks promise countless nutritional profiles. In addition to this, the growing trend of gyms, fitness workouts, and accessories is expected to propel the market growth.
  • Emerging wellness and fitness trends are being leveraged by manufacturers as they offer plant-based and vegan drinks.
  • Nootropic drinks are also gaining prominence among health-conscious consumers. Such innovations will transform the global functional beverage market in the near future.
  • The prevalence of e-commerce platforms in APAC is attracting the attention of huge stakeholders. Advancements in technology and digitalization go well with the convenience of e-commerce, which is likely to propel the growth of the market.
  • The North American region is estimated to dominate the functional beverage market. Rising awareness of nutrition oriented diets, especially among millennials, is contributing significantly to the growth of the regional market.

Competitive landscape

R.Red Bull, Dupont Nutrition Biosciences ApS, MaxiNutrition, Clif Bar, The Coca-Cola Company and Monster Beverage Corporation are some of the key companies profiled in the full version of the report.

The functional beverage market is highly fragmented with the presence of many small and medium-sized enterprises (SMEs). The players are striving to gain a competitive edge by developing functional drinks with varied nutritional values. Hence, major market players are investing heavily in R&D and mergers and acquisitions (M&A).

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More insights into the Functional Drinks Market

North America is expected to dominate the functional beverage market with growing awareness of nutrition-driven diets, especially among millennials, which is contributing significantly to the regional market growth.

Health-conscious diets are closely followed by consumers in Canada and the United States, including functional drinks. Rising awareness of healthy lifestyle is driving the functional beverage market.

Developing countries like India are multiplying e-commerce platforms that provide fertile ground for functional drink makers.

Regulatory approvals for single ingredients, packaging and labeling laws issued by statutory authorities such as the United States Food & Drug Administration (FDA) are playing in favor of the functional beverage market.

Japan is expected to witness a surprising growth rate in the functional beverages market thanks to an in-depth understanding of consumer preferences. Such understanding of consumers should perform well in the market.

Countries like China and Japan are excelling in the functional beverage market by introducing high value packaging. This product innovation and changing consumption patterns will influence the growth strategies of market players.

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Key segments

By type of ingredient
  • Antioxidants
  • Minerals
  • Amino acids
  • Probiotics
  • Prebiotics
  • vitamins
  • Superfruit extracts
  • Plant Flavors
By product type
  • Energy drinks
  • Sports drinks
  • Nutraceutical drinks
  • Milk-based drinks
  • Juice
  • Improved water
  • Others
By distribution channel
  • Supermarkets
  • Hypermarkets
  • Health stores
  • Online retail sales
  • Departmental stores
  • convenience stores
  • Others
By region
  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific excluding Japan
  • Japan
  • Middle East and Africa (MEA)

About FMI – Food and Beverage Industry

FMI’s Food and Beverage Division offers distinct and accurate product industry analysis. This comprehensive coverage extends from basic, bulk and specialty products to advanced materials, composites and nanotechnology, with particular emphasis on other green alternatives, recycling and renewable technology developments and environmental assessment. supply, demand and trade. Our research studies serve as benchmarks for market guidelines for manufacturers, research institutes, distribution partners and government agencies.

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Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market Context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

3.1.3. Opportunity

3.1.4. Tendencies

3.2. Scenario forecast

3.2.1. Demand in the optimistic scenario

3.2.2. Demand in Likely Scenario

3.2.3. Demand in the conservative scenario

3.3. Opportunity Map Analysis

3.4. Product life cycle analysis

3.5. Supply chain analysis

3.5.1. Supply-side participants and their roles

3.5.1.1. Producers

3.5.1.2. Mid-level participants (traders/agents/brokers)

3.5.1.3. Wholesalers and distributors

3.5.2. Value added and value created at the node of the supply chain

Full Table of Contents Click here

Check out IMF’s extensive coverage at Food and drink Domain

GCC Functional Foods Market Size – GCC Functional Foods Market: Revenue generated from sales of functional foods in GCC countries is estimated to be around US$4,895 million in 2014 and is expected to grow at a CAGR of 10.9% over the forecast period. 2015-2020

Food and Beverage Additives Market Share – The food and beverage additives market is expected to reach highs in 2032, likely to rise at a vigorous growth of 5.8% CAGR during the period 2022-2032

Fusion Drinks Market Analysis – The global fusion drinks market size is estimated to be USD 6.6 billion in 2022 and is expected to grow at a CAGR of 6.0% to reach USD 11.5 billion by 2032

Instant Protein Drinks Market Demand – Instant protein drinks refer to the category of drinks that have been formulated with blends of vitamins and minerals, proteins, fibers, and other nutritional ingredients.

Fermented Foods and Beverages Market Trends – The global fermented foods and beverages market size reached US$575.6 billion in 2022 and is expected to grow at a CAGR of 5.6% during the forecast period, to a total of approximately US$989.2 billion by 2032.

Malt Beverage Market Forecast – The malt beverage market is expected to reach a malt beverage market valuation of CAGR of 10.1% in the global malt beverage market, during the forecast period 2022-2032

Plant-Based Drinks Market Growth – Plant-Based Drinks Market analyzed by IMF estimates that the market grew year-on-year (YoY) by 7.4% in 2022 to reach a total of 111,701,810 liters in 2022

Ready-to-drink beverages market value – The ready-to-drink beverages market is expected to grow at a CAGR of 6.2% during the forecast period 2022-2032

Naturally Cultured Beverages Market Size – The Naturally Cultured Beverages Market is expected to register a CAGR of 14% during the forecast period, from USD 30.4 billion in 2022 to reach a valuation of USD 112.7 billion US dollars by 2032.

Download a free copy of the Future Market Insights white paper in collaboration with PBFIA, on the plant-based market that highlights potential opportunities and investments being made in the global plant-based market

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