Functional Beverages Market Poised to Reach $200 Billion by 2030, Fueled by Health-Conscious Consumer Trends
Sports drinks and natural ingredients drive growth at a CAGR of 5.9% in the functional beverages market.
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, June 20, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, โFunctional Beverages Market by Type, Distribution channel and End user: Global Opportunity Analysis and Industry Forecast, 2021-2030,โ
The functional beverages market share is expected to reach $200,080.3 million by 2030, registering a CAGR of 5.9% from 2021 to 2030.
โถ๏ธ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/13452
๐๐ฑ๐๐ข๐ญ๐ข๐ง๐ ๐๐๐๐๐ซ ๐๐ฅ๐๐ซ๐ญ! ๐ ๐๐๐ญ ๐ ๐๐๐ฌ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐๐จ๐ฎ๐ซ ๐๐๐ฑ๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐! ๐๐ฎ๐ฒ ๐ง๐จ๐ฐ ๐๐ง๐ ๐ญ๐๐ค๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ฅ๐ข๐ฆ๐ข๐ญ๐๐-๐ญ๐ข๐ฆ๐ ๐จ๐๐๐๐ซ. ๐๏ธ
๐๐๐๐ฏ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ข๐ณ๐ข๐ง๐ ๐๐๐๐ฅ๐ญ๐ก ๐ฐ๐ข๐ญ๐ก ๐
๐ฎ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ: ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
Functional beverages, the nonalcoholic elixirs teeming with physical and mental health benefits, have emerged as the cornerstone of the modern health-conscious lifestyle. Crafted from an eclectic blend of raw fruits, vitamins, herbs, vegetables, amino acids, probiotics, and even artificial additives, these beverages are redefining the concept of hydration, offering consumers a holistic approach to wellness.
๐๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
The surge in demand for sports and energy drinks among athletes and fitness enthusiasts has propelled the functional beverages market to new heights. The burgeoning athlete community, coupled with the rising popularity of fitness centers and health clubs, underscores the growing consumer inclination towards physical well-being. Manufacturers are capitalizing on this trend by diversifying their product portfolios with innovative flavors infused with added health benefits. Moreover, the production of functional beverages using natural ingredients, including natural sweeteners, presents manufacturers with a compelling opportunity to enhance the nutritional profile of their offerings.
Despite the meteoric rise of functional beverages, the market faces stiff competition from alternative beverages such as green tea, ginger root tea, coffee, and fresh juice. The consumption of coffee, in particular, poses a challenge to the energy drinks segment, as it diminishes the effect of caffeine found in traditional energy drinks. Furthermore, the availability of healthier alternatives, coupled with growing consumer awareness regarding sugar consumption, has dampened the growth of the functional beverages market.
๐๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐
๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ
The functional beverages market is segmented based on type, distribution channel, end-user, and region, offering a nuanced understanding of consumer preferences and market dynamics. Sports drinks, characterized by their ability to replenish electrolytes and mitigate dehydration, are poised to dominate the market, fueled by the growing millennial population's affinity for fitness activities. Specialty stores emerge as a preferred distribution channel, driven by consumers' desire to scrutinize product attributes before making a purchase.
โถ๏ธ ๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง https://www.alliedmarketresearch.com/request-for-customization/A13087
Within the end-user segment, athletes command a considerable share of the market, driven by their relentless pursuit of peak performance and the perceived benefits of sports drinks. The increasing participation of women in sports, particularly at the international level, further augments the demand for functional beverages among athletes.
Regionally, Asia-Pacific stands out as a hotbed of growth for functional beverages, buoyed by the region's burgeoning demand for convenience beverages and the rising trend of workaholic culture. Moreover, the escalating participation in sports and fitness activities, particularly in countries like India and China, underscores the region's vast untapped potential for market expansion.
๐๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ ๐๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ
Leading players in the functional beverages market, including Red Bull, The Coca-Cola Company, and PepsiCo, Inc., are doubling down on product innovation and business expansion to maintain their competitive edge. Through strategic product launches and market expansion initiatives, these industry titans are poised to capitalize on emerging opportunities and consolidate their market position.
The functional beverages market represents a dynamic landscape of innovation and growth, driven by evolving consumer preferences and the relentless pursuit of well-being. As consumers continue to prioritize health and fitness, the market is primed for sustained expansion, offering ample opportunities for industry players to thrive in the era of holistic wellness.
๐๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
๐กThe functional beverages market size was valued at $ 110,148.9 million in 2020, and is estimated to reach $ 200,080.3 million by 2030, registering a CAGR of 5.9% from 2021 to 2030.
๐กIn 2020, depending on type, the dairy-based beverages segment accounted for $ 7,215.1 million, garnering 6.6% of the global market share.
๐กOn the basis of distribution channel, the E-Commerce segment acquired $ 12,555.8 million, exhibiting 11.4% of the global market share.
๐กIn 2020, by end user, the athletes segment was valued at $35,319.6 million, accounting for 32.1% of the market share.
๐กU.S. was the most prominent market in North America in 2020, and is projected to reach $ 53,683.3 million by 2030, growing at a CAGR of 4.2% during the forecast period.
โถ๏ธ ๐๐๐ฅ๐ค ๐ญ๐จ ๐จ๐ฎ๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ญ https://www.alliedmarketresearch.com/connect-to-analyst/A13087
ยซ ยป ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐ ๐จ๐จ๐ ๐๐ง๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
๐Gluten-free flour Market : https://www.alliedmarketresearch.com/gluten-free-flour-market
๐Food away from home market : https://www.alliedmarketresearch.com/food-away-from-home-market-A31829
๐Energy Bar Market : https://www.alliedmarketresearch.com/energy-bar-market
๐กGuacamole Market : https://www.alliedmarketresearch.com/guacamole-market-A16882
๐กGreen Tea Market : https://www.alliedmarketresearch.com/green-tea-market
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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