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Functional Beverages Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change

  • ID: 5230070
  • Report
  • December 2020
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • Abbott
  • Campbell Soup Company
  • Dr. Pepper Snapple Group
  • Nestle S.A
  • Red Bull GmbH
  • The Coca-Cola Company
Functional Beverages Global Market Opportunities and Strategies to 2030: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global functional beverages market.

Reasons to Purchase
  • Outperform competitors using accurate up to date demand-side dynamics information.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Identify growth segments for investment.
  • Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.
  • Create regional and country strategies on the basis of local data and analysis.
  • Stay abreast of the latest customer and market research findings
  • Benchmark performance against key competitors.
  • Develop strategies based on likely future developments.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
  • Gain a global perspective on the development of the market.
Description:

Where is the largest and fastest growing market for the functional beverages market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? the global functional beverages market opportunities and strategies to 2030 report answers all these questions and many more.

The report covers the following chapters
  • Executive Summary - the executive summary section of the report gives a brief overview and summary of the report
  • Report Structure - This section gives the structure of the report and the information covered in the various sections.
  • Introduction - the introduction section of the report gives brief introduction about segmentation by geography and segmentation by type, by function and by distribution channel.
  • Market Characteristics - the market characteristics section of the report defines and explains the functional beverages market. This chapter also defines and describes products covered in the report.
  • Customer Information - This chapter covers recent customers’ trends/preferences in the global functional beverages market.
  • Trends and Strategies - This chapter describes the major trends shaping the global functional beverages market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
  • Impact of COVID-19 - This section describes the impact of COVID-19 on the functional beverages market.
  • Global Market Size and Growth - This section contains the global historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
  • Segmentation - This section contains the market values (2015-2030) and analysis for different segments.
  • Regional Analysis - This section contains the historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values and growth and market share comparison by region.
  • Global Macro Comparison - the global functional beverages market comparison with macro-economic factors gives the functional beverages market size, percentage of GDP, and average functional beverages market expenditure.
  • Regional Market Size and Growth - This section contains the region’s market size (2019), historic (2015-2019) and forecast (2019-2023), (2023-2025), and (2025-2030) market values, and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, South America, Middle East and Africa and major countries within each region. the market overview sections of the report describe the current size of the market, background information, government initiatives, regulations, regulatory bodies, associations, corporate tax structure, investments, and major companies.
  • Competitive Landscape - This section covers details on the competitive landscape of the global functional beverages market, estimated market shares and company profiles for the leading players.
  • Key Mergers and Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
  • Market Opportunities and Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. it gives an understanding of where there is significant business to be gained by competitors in the next five years.
  • Conclusions and Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for functional beverages companies in terms of product offerings, geographic expansion, marketing strategies and target groups.
  • Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:

The global functional beverages market is segmented -
  • By Type: Energy Drinks; Sports Drinks; Nutraceutical Drinks; Dairy-Based Beverages; Juices; Enhanced Water; Others
  • By Function: Health and Wellness; Wealth Management
  • By Distribution Channel: Brick and Mortar; Specialty Foodservice stores; Online
Companies Mentioned: the Coca-Cola Company; PepsiCo Inc.; Nestle S.A; Danone; Red Bull GmbH

Countries: USA, France, Germany, UK, China, Australia, India, Indonesia, Japan, South Korea, Russia, Brazil

Regions: Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott
  • Campbell Soup Company
  • Dr. Pepper Snapple Group
  • Nestle S.A
  • Red Bull GmbH
  • The Coca-Cola Company
1. Functional Beverages Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction
6.1.1. Segmentation by Geography
6.1.2. Segmentation by Function
6.1.3. Segmentation by Distribution Channel

7. Functional Beverages Market Characteristics
7.1. Market Definition
7.2. Market Segmentation by Type
7.2.1. Energy Drinks
7.2.2. Sports Drinks
7.2.3. Nutraceutical Drinks
7.2.4. Dairy-Based Beverages
7.2.5. Juices
7.2.6. Enhanced Water
7.2.7. Others
7.3. Market Segmentation by Function
7.3.1. Health and Wellness
7.3.2. Weight Management
7.4. Market Segmentation by Distribution Channel
7.4.1. Brick and Mortar
7.4.2. Specialty Foodservice Stores
7.4.3. Online

8. Functional Beverages Market Customer Information
8.1. Immune System Support is the Main Driver Behind Purchase of Functional Beverages
8.2. Many Consumers Surveyed Showed Keen Interest in Functional Beverages
8.3. There Has Been Rapid Growth in Revenues of Manufacturers Who Already Exist in the Functional Beverage Market
8.4. Protein is the most Favored Ingredient Among the Young Population, an Age Group Which Has Been Increasingly Driving the Functional Beverages Market

9. Functional Beverages Market Trends and Strategies
9.1. Natural Botanicals Infused Drinks
9.2. Relaxation Drinks
9.3. CBD-Infused Functional Drinks
9.4. Protein-Based Functional Beverages
9.5. Dairy in Functional Beverages
9.6. Vegan/ Plant-Based Functional Beverages
9.7. Healthy Hydration Drinks
9.8. Introduction of Nootropic Drinks (Brain Health)
9.9. Use of Low-calorie Natural Sweeteners
9.10. Strategic Acquisitions and Product Portfolio Development
9.11. Expanding Geographical Presence

10. COVID Impact on the Functional Beverages Market
10.1. Surveys on COVID Impact on Consumers

11. Global Functional Beverages Market Size and Growth
11.1. Market Size
11.2. Historic Market Growth, 2015 - 2019, Value ($ Million)
11.2.1. Drivers of the Market 2015 - 2019
11.2.2. Restraints on the Market 2015 - 2019
11.3. Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
11.3.1. Drivers of the Market 2019 - 2023
11.3.2. Restraints on the Market 2019 - 2023

12. Global Functional Beverages Market Segmentation
12.1. Global Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
12.1.1. Energy Drinks
12.1.2. Dairy-based Beverages
12.1.3. Sports Drinks
12.1.4. Enhanced Water
12.1.5. Nutraceutical Drinks
12.1.6. Juices
12.1.7. Others
12.2. Global Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
12.2.1. Health & Wellness
12.2.2. Weight Management
12.3. Global Functional Beverages Market, Segmentation by Distribution Channel, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
12.3.1. Brick and Mortar
12.3.2. Specialty Foodservice Stores

13. Functional Beverages Market, Regional and Country Analysis
13.1. Global Functional Beverages Market, by Region, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
13.2. Global Functional Beverages Market, by Country, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)

14. Asia-Pacific Functional Beverages Market
14.1. Asia Pacific Functional Beverages Market Overview
14.1.1. Region Information
14.1.2. Impact of COVID-19
14.1.3. Market Information
14.1.4. Background Information
14.1.5. Government Initiatives
14.1.6. Regulations
14.1.7. Regulatory Bodies
14.1.8. Major Associations
14.1.9. Taxes Levied
14.1.10. Corporate Tax Structure
14.1.11. Investment
14.1.12. Major Companies
14.2. Asia-Pacific Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
14.3. Asia-Pacific Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
14.4. Asia-Pacific Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.5. Asia-Pacific Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.6. Asia-Pacific Functional Beverages Market: Country Analysis
14.7. China Functional Beverages Market
14.7.1. Country Information
14.7.2. Impact of COVID-19
14.7.3. Market Information
14.7.4. Background Information
14.7.5. Government Initiatives
14.7.6. Regulations
14.7.7. Regulatory Bodies
14.7.8. Major Associations
14.7.9. Taxes Levied
14.7.10. Corporate Tax Structure
14.7.11. Investment
14.7.12. Major Companies
14.8. China Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
14.9. China Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
14.10. China Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.11. China Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.12. India Functional Beverages Market
14.12.1. Country Information
14.12.2. Impact of COVID-19
14.12.3. Market Information
14.12.4. Background Information
14.12.5. Government Initiatives
14.12.6. Regulations
14.12.7. Regulatory Bodies
14.12.8. Major Associations
14.12.9. Taxes Levied
14.12.10. Corporate Tax Structure
14.12.11. Investment
14.12.12. Major Companies
14.13. India Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
14.14. India Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
14.15. India Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.16. India Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.17. Japan Functional Beverages Market
14.17.1. Country Information
14.17.2. Impact of COVID-19
14.17.3. Market Information
14.17.4. Background Information
14.17.5. Regulations
14.17.6. Regulatory Bodies
14.17.7. Major Associations
14.17.8. Taxes Levied
14.17.9. Corporate Tax Structure
14.17.10. Investment
14.17.11. Major Companies
14.18. Japan Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
14.19. Japan Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
14.20. Japan Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.21. Japan Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.22. Australia Functional Beverages Market
14.23. Australia Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
14.24. Australia Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
14.25. Australia Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.26. Australia Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.27. Indonesia Functional Beverages Market
14.28. Indonesia Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
14.29. Indonesia Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
14.30. Indonesia Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.31. Indonesia Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.32. South Korea Functional Beverages Market
14.33. South Korea Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
14.34. South Korea Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
14.35. South Korea Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
14.36. South Korea Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)

15. Western Europe Functional Beverages Market
15.1. Western Europe Functional Beverages Market Overview
15.1.1. Region Information
15.1.2. Impact of COVID-19
15.1.3. Market Information
15.1.4. Background Information
15.1.5. Government Initiatives
15.1.6. Regulations
15.1.7. Regulatory Bodies
15.1.8. Major Associations
15.1.9. Taxes levied
15.1.10. Corporate Tax Structure
15.1.11. Investments
15.1.12. Major Companies
15.2. Western Europe Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
15.3. Western Europe Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
15.4. Western Europe Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
15.5. Western Europe Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
15.6. Western Europe Functional Beverages Market: Country Analysis
15.7. UK Functional Beverages Market
15.7.1. Country Information
15.7.2. Impact of COVID-19
15.7.3. Market Information
15.7.4. Background Information
15.7.5. Government Initiatives
15.7.6. Regulations
15.7.7. Regulatory Bodies
15.7.8. Major Associations
15.7.9. Taxes levied
15.7.10. Corporate Tax Structure
15.7.11. Investments
15.7.12. Major Companies
15.8. UK Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
15.9. UK Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
15.10. UK Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
15.11. UK Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
15.12. Germany Functional Beverages Market
15.13. Germany Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
15.14. Germany Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
15.15. Germany Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
15.16. Germany Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
15.17. France Functional Beverages Market
15.18. France Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
15.19. France Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
15.20. France Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
15.21. France Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)

16. Eastern Europe Functional Beverages Market
16.1. Eastern Europe Functional Beverages Market Overview
16.1.1. Region Information
16.1.2. Impact of COVID-19
16.1.3. Market Information
16.1.4. Background Information
16.1.5. Government Initiatives
16.1.6. Regulations
16.1.7. Regulatory Bodies
16.1.8. Major Associations
16.1.9. Taxes levied
16.1.10. Corporate Tax Structure
16.1.11. Investments
16.1.12. Major Companies
16.2. Eastern Europe Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
16.3. Eastern Europe Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
16.4. Eastern Europe Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
16.5. Eastern Europe Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
16.6. Eastern Europe Functional Beverages Market: Country Analysis
16.7. Russia Functional Beverages Market
16.8. Russia Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
16.9. Russia Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
16.10. Russia Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
16.11. Russia Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)

17. North America Functional Beverages Market
17.1. North America Functional Beverages Market Overview
17.1.1. Region Information
17.1.2. Impact of COVID-19
17.1.3. Market Information
17.1.4. Background Information
17.1.5. Government Initiatives
17.1.6. Regulations
17.1.7. Regulatory Bodies
17.1.8. Major Associations
17.1.9. Taxes Levied
17.1.10. Corporate Tax Structure
17.1.11. Investments
17.1.12. Major Companies
17.2. North America Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
17.3. North America Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
17.4. North America Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
17.5. North America Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
17.6. North America Functional Beverages Market: Country Analysis
17.7. USA Functional Beverages Market Overview
17.7.1. Country Information
17.7.2. Impact of COVID-19
17.7.3. Market Information
17.7.4. Background Information
17.7.5. Government Initiatives
17.7.6. Regulations
17.7.7. Regulatory Bodies
17.7.8. Major Associations
17.7.9. Taxes Levied
17.7.10. Corporate Tax Structure
17.7.11. Investments
17.7.12. Major Companies
17.8. USA Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
17.9. USA Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
17.10. USA Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
17.11. USA Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)

18. South America Functional Beverages Market
18.1. South America Functional Beverages Market Overview
18.1.1. Region Information
18.1.2. Impact of COVID-19
18.1.3. Market Information
18.1.4. Background Information
18.1.5. Government Initiatives
18.1.6. Regulations
18.1.7. Regulatory Bodies
18.1.8. Major Associations
18.1.9. Taxes levied
18.1.10. Corporate Tax Structure
18.1.11. Investments
18.1.12. Major Companies
18.2. South America Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
18.3. South America Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
18.4. South America Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
18.5. South America Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
18.6. South America Functional Beverages Market: Country Analysis
18.7. Brazil Functional Beverages Market
18.8. Brazil Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
18.9. Brazil Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
18.10. Brazil Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
18.11. Brazil Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)

19. Middle East Functional Beverages Market
19.1. Middle East Functional Beverages Market Overview
19.1.1. Region Information
19.1.2. Impact of COVID-19
19.1.3. Market Information
19.1.4. Background Information
19.1.5. Government Initiatives
19.1.6. Regulations
19.1.7. Regulatory Bodies
19.1.8. Major Associations
19.1.9. Taxes levied
19.1.10. Corporate Tax Structure
19.1.11. Investments
19.1.12. Major Companies
19.2. Middle East Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
19.3. Middle East Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
19.4. Middle East Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
19.5. Middle East Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)

20. Africa Functional Beverages Market
20.1. Africa Functional Beverages Market Overview
20.1.1. Region Information
20.1.2. Impact of COVID-19
20.1.3. Market Information
20.1.4. Background Information
20.1.5. Government Initiatives
20.1.6. Regulations
20.1.7. Regulatory Bodies
20.1.8. Major Associations
20.1.9. Taxes levied
20.1.10. Corporate Tax Structure
20.1.11. Investments
20.1.12. Major Companies
20.2. Africa Functional Beverages Market, Historic Market Growth, 2015 - 2019, Value ($ Million)
20.3. Africa Functional Beverages Market, Forecast Market Growth, 2019 - 2023, 2025F, 2030F Value ($ Million)
20.4. Africa Functional Beverages Market, Segmentation by Type, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)
20.5. Africa Functional Beverages Market, Segmentation by Function, Historic and Forecast, 2015 - 2019, 2023F, 2025F, 2030F, Value ($ Million)

21. Global Functional Beverages Market Competitive Landscape
21.1. Company Profiles
21.2. the Coca-Cola Company
21.2.1. Overview
21.2.2. Products and Services
21.2.3. Financial Overview
21.3. PepsiCo, Inc.
21.3.1. Overview
21.3.2. Products and Services
21.3.3. Business Strategy
21.3.4. Financial Overview
21.4. Nestle S.A
21.4.1. Overview
21.4.2. Products and Services
21.4.3. Business Strategy
21.4.4. Financial Overview
21.5. Danone S.A.
21.5.1. Overview
21.5.2. Products and Services
21.5.3. Business Strategy
21.5.4. Financial Overview
21.6. Red Bull GmbH
21.6.1. Overview
21.6.2. Products and Services
21.6.3. Business Strategy
21.6.4. Financial Overview

22. Key Mergers and Acquisitions in the Functional Beverages Market
22.1. Mondias Natural Products Inc. acquired Erablier for CAD $1 million
22.2. Celsius Holdings Inc. acquired Func Food Group Oyj for $15.1 million
22.3. Bhang Inc. acquired Red Ace, LLC
22.4. Life on Earth, Inc. acquired Chill Group
22.5. Clearly Drinks acquired the Powerful Water Company
22.6. Bucha Inc. merged with New Age Beverages Group

23. Functional Beverages Market Opportunities and Strategies
23.1. Global Functional Beverages Market in 2023 - Countries Offering most New Opportunities
23.2. Global Functional Beverages Market in 2023- Segments Offering most New Opportunities
23.3. Global Functional Beverages Market in 2023 - Growth Strategies
23.3.1. Market Trend Based Strategies
23.3.2. Competitor Strategies

24. Functional Beverages Market, Conclusions and Recommendations
24.1. Conclusions
24.2. Recommendations
24.2.1. Product
24.2.2. Price
24.2.3. Place
24.2.4. Promotion
24.2.5. People

25. Appendix
25.1. Market Data Sources
25.2. Research Methodology
25.3. Currencies
25.4. Research Inquiries
25.5. About the Publisher
25.6. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott
  • Campbell Soup Company
  • Dr. Pepper Snapple Group
  • Nestle S.A
  • Red Bull GmbH
  • The Coca-Cola Company
This report describes and evaluates the global functional services market. It covers 2015 to 2019, termed the historic period, and 2019 to 2023 termed the forecast period, along with further forecasts for the periods 2023-2025 and 2025-2030.

The global functional beverages market reached a value of nearly $128,660 million in 2019, having increased at a compound annual growth rate (CAGR) of 4.6% since 2015. The market is expected to decrease from $128,660 million in 2019 to $125,390 million in 2020 at a rate of -2.5%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8.07% from 2021 and reach $158,280 million in 2023.

Growth in the historic period resulted from increase in economic growth, and increase in clean-label, organic, and non-gmo products. Factors that negatively affected growth in the historic period were legal actions against misinformation and false advertising, and high prices of functional beverages. Going forward, growing number of health-conscious consumers; faster economic growth; growing demand for immunity boosting foods and beverages; and rising penetration of organized retail will drive the market for functional beverages. Factors that could hinder the growth of the functional beverages market in the future include increased taxes, complexity of acceptance and purchase intentions of consumers and wide availability of traditional/natural substitutes.

The functional beverages market is segmented by type into energy drinks, sports drinks, nutraceutical drinks, dairy-based beverages, juices, enhanced water and others. The energy drinks market was the largest segment of the functional beverages market segmented by type, accounting for 24.8% of the total in 2019. Going forward, energy drinks segment is expected to be the fastest growing segment in the functional beverages market, at a CAGR of 9.0%.

The functional beverages market is also segmented by function into health & wellness; and weight management. The health & wellness segment was the largest segment of the functional beverages market segmented by function, accounting for 80.7% of the total in 2019. Going forward, health & wellness segment is expected to be the fastest growing segment in the functional beverages market, at a CAGR of 7.6%.

The functional beverages market is also segmented by distribution channel into brick and mortar; specialty foodservice stores; and online. The brick and mortar segment was the largest segment of the functional beverages market segmented by function, accounting for 75.1% of the total in 2019. Going forward, online segment is expected to be the fastest growing segment in the functional beverages market, at a CAGR of 18.6%.

The coronavirus outbreak has given an positive impact on the global functional beverages market The disease has caused elevated health consciousness among consumers, who are increasingly look for healthy alternatives in food and beverages to boost immunity and decrease chances of contracting the virus. The demand for functional beverages has increased since the pandemic began as they offer high nutritional and health and wellness value. Substituting high sugar drinks and carbonated drinks with functional beverages has become a ‘health trend’ in 2020, and is viewed as a precautionary step towards curbing the effects of the virus. However, low sales from the off premise consumption channels such as restaurants impacted the overall sales of the market.

Asia Pacific was the largest region in the global functional beverages market, accounting for 37.5% of the total in 2019. It was followed by Western Europe, North America, and then the other regions. Going forward, the fastest-growing regions in the functional beverages market will be Asia Pacific, and Middle East, where growth will be at CAGRs of 9.7% and 7.8% respectively. These will be followed by Western Europe, and the Africa, where the markets are expected to grow at CAGRs of 6.8% and 5.5% respectively.

The functional beverages market is slightly concentrated, with a small number of large players holding significant market share. The top ten competitors in the market made up to 43.44% of the total market in 2019. Major players in the market include The Coca-Cola Company, PepsiCo Inc., Nestle S.A, Danone and Red Bull GmbH.

The top opportunities in the functional beverages market segmented by type will arise in the energy drinks market segment, which will gain $9,220.7 million of global annual sales by 2023. The functional beverages market size will gain the most in the China at $8,192.2 million. Market-trend-based strategies for functional beverages market include investing in natural botanicals infused drinks, offering relaxation drinks to consumers to capture the market and increase revenues, offering CBD-infused drinks to attract more customers, investing in manufacturing protein-based beverages to attract fitness enthusiasts and health conscious customers, offering dairy-based functional beverages to cater to the needs of consumers who prefer natural ingredients over other elements in their drinks and introducing new vegan or plant-based portfolio of functional drinks in order to attack health-conscious consumers.

To take advantage of the opportunities, the publisher recommends the functional beverages companies should focus on providing immunity boosting beverages during covid-19, natural botanicals infused drinks, CBD-infused functional drinks, strategic acquisitions and product portfolio development, healthy hydration drinks, use of low-calorie natural sweeteners, competitive pricing, expanding in emerging markets, set up authorized distributors and sales representatives, leverage e-commerce to maximize reach and revenues, increase adoption of internet and social media, use direct-to-consumer (DTC) advertising, participate in trade shows and events, and targeting millennials.
Note: Product cover images may vary from those shown
  • Abbott
  • Amul
  • Asahi Soft Drinks Co Ltd
  • Beijing Huiyuan Food and Beverage Co., Ltd
  • Beverage Industrial Co., Ltd
  • Britannia Industries Ltd
  • Campbell Soup Company
  • China Haisheng Juice Holdings Co., Ltd
  • Dabur
  • Dali Foods Group Co., Ltd
  • Danone
  • Dr. Pepper Snapple Group
  • Eko Vit Sp zoo
  • Fonterra Co-operative Group
  • Hangzhou Wahaha Group Co., Ltd
  • HUL
  • Kraft Heinz Company
  • Mondelez International Inc.
  • Monster Beverage Corporation
  • Nestle S.A
  • Nongfu Spring
  • Otsuka Holdings Co Ltd
  • PepsiCo Inc.
  • Red Bull GmbH
  • Red Devil NV
  • Rockstar Inc
  • Shenzhen Eastroc Beverage Industrial Co., Ltd
  • South Beach Beverage Co. Inc.
  • Suntory Beverage & Food Ltd
  • The Cloud 9 Energy Drink
  • The Coca-Cola Company
  • The Hain Celestial Group
  • The Kraft Heinz Company
  • WNWM Ustronianka
Note: Product cover images may vary from those shown

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