Functional Beverages Industry Projected to Hit $179.8 Billion by 2029

Functional Beverages Market Forecast to Climb to $179.8 Billion by 2029

Functional Beverages Market - 2022-2029 Meticulous Research a leading global market research company, published a research report titled, Functional Beverages Market by Type (Energy Drinks, Sports Drinks, Dairy Beverages), Application (Health & Wellness, Weight Management), Distribution Channel (Supermarkets, Convenience stores, E-commerce), and Geography - Global Forecasts to 2029. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=5407?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_co ntent=29-10-2024 According to the latest report by Meticulous Research , the functional beverages market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 6.7% from 2022 to 2029, reaching $179.8 billion by 2029. This market expansion is primarily driven by the rising demand for functional beverages in emerging economies, the growing popularity of sports drinks, and increased health expenditures. However, the availability of healthier alternatives and the higher prices of functional beverages compared to conventional ones may impede market growth to some extent. Market Segmentation: Energy Drinks Sports Drinks: Expected to register the highest CAGR during the forecast period, fueled by their increasing popularity among teenagers and adults engaged in sports and physical activities, health- conscious consumer preferences, and the demand for clean or non-GMO food products. Dairy-based Beverages Nutraceutical Drinks Vegetable & Fruit Beverages Other Beverages By Application: Health & Wellness Weight Management By Distribution Channel: Supermarkets & Hypermarkets Convenience Stores: Predicted to hold the largest share of the market in 2022. Pharmacies & Health Stores E-commerce: Expected to witness the highest CAGR during the forecast period, driven by the availability of a diverse range of products, attractive discounts, and convenient home delivery services. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Functional Beverages Market - 2022-2029 By Geography: North America: Projected to command the largest share of the market in 2022, driven by heightened awareness of the health benefits of functional beverages and strong demand for innovative and healthier food & beverage options. Europe: Includes Germany, Spain, Italy, France, the U.K., Russia, and the Rest of Europe. Asia-Pacific: Expected to witness the fastest growth during the forecast period, driven by increasing incidences of diabetes and obesity, rising low-carb and clean-label trends, growing demand for sugar-free products, and heightened awareness of health and fitness. Latin America: Includes Brazil, Argentina, Mexico, and the Rest of Latin America. The functional beverages market exhibits a moderately competitive landscape, featuring numerous global, regional, and local players. Key players in the market include Danone S.A. (France), Meiji Holdings Co., Ltd. (Japan), Monster Beverage Corporation (U.S.), National Beverage Corp. (U.S.), Nestle S.A. (U.S.), PepsiCo, Inc. (U.S.), Red Bull GmbH (Austria), Suntory Holdings Limited (Japan), The Coca-Cola Company (U.S.), and The Kraft Heinz Company (U.S.). Buy Now@ https://www.meticulousresearch.com/Checkout/56810581?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_content=29-10-2024 About Meticulous Research : We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with actionable market intelligence tailored to drive revenue transformation and strategic growth. Our insights reveal forward-looking revenue opportunities, providing our clients with a competitive edge through a diverse suite of research solutions syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace. Contact Us: Meticulous Market Research Pvt. Ltd. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. Email- sales@meticulousresearch.com USA: +1-646-781-8004 Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

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