Functional Beverages Market by Type (Fortified Juice, Energy Drink, Sports Drink, Dairy-based Beverage, Enhanced Water, Others), by Distribution Channel (Supermarket/Hypermarket, Departmental Stores, Health Stores, Online Stores, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Functional Beverages Market was valued at USD 213.74 USD Billion in 2023 and is projected to reach USD 354.37 USD Billion by 2032, with an expected CAGR of 7.49 % during the forecast period. Functional beverages are beverages that would be consumed to provide some health advantage apart from satisfying the hunger for drink. They consist of energy drinks which make the consumer energetic through additives like caffeine, sports drinks that keep a consumer hydrated and supply the body with electrolytes during moments of physical activity and these are enhanced waters that contain vitamins or minerals for strengthened well-being. Drinks containing active cultures help restore the balance of bacteria in the stomach whereas nutrient-fortified juices are those which contain extra nutrients like vitamins or antioxidants. These drinks are mainly developed to meet certain requirement or concerns in human health or preferred lifestyles such as enhanced thinking ability, enhanced bowel movement, etc, thus suitable for health-conscious and sporting individuals.
Functional Beverages Trends
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The report provides a comprehensive analysis of the functional beverages market, including:
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.49 % from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 7.49 % from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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