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Functional Beverages Market

Rise in number of fitness enthusiasts and growing consumer inclination towards healthy lifestyle are expected to be the key growth drivers of the functional beverages market. Growing participation of people in sports at national and international level are likely to increase the number of athletes, which in turn accelerate the growth throughout functional beverages market forecast period.

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Functional Beverages Market

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  2. According to a new report published by Allied Market Research, titled, “Functional Beverages Market by Type, Distribution channel and End user: Global Opportunity Analysis and Industry Forecast, 2021-2030,” 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. Functional beverages are nonalcoholic drinks which provides physical and mental health benefits and promote the state of health and well-being. Raw fruit, vitamins, herbs, vegetables, amino acid, probiotics, milk and some artificial additives are used to formulate the functional beverages. Rising demand for sports and energy drinks among athletes and individuals engaged in intense physical activities majorly drives the functional beverages market growth. The growing athlete community and an increasing number of sportspersons in developing countries are some of the other factors driving the market. In addition, rising consumer inclination towards physical fitness and an increased number of fitness centers and health clubs are expected to fuel the market growth. Manufacturers are focusing on expanding their product portfolio by innovating new flavors with added health benefits. • Functional Beverages Market Download Report Sample

  3. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/13452 • Frontrunners in the industry- • Red Bull • Dupont Nutrition Biosciences ApS • MaxiNutrition • Clif Bar • The Coca-Cola Company • Monster Beverage Corporation • Meiji Co. Ltd • Nestlé S.A. • National Beverage Corp. • Pepsico • Functional Beverages Market Download Report Sample

  4. Functional Beverages Market Market Segment: According to the functional beverages market trends, on the basis of type, the energy drinks segment was the highest contributor to the market, with $44,801.2 million in 2020, and is estimated to reach $75,365.0 million by 2030, at a CAGR of 5.1% during the forecast period. Energy drinks are provides instant energy along with providing mental and physical stimulation. According to the distribution channel, the supermarket and hypermarket segment was the highest contributor to the market, with $43,578.6 million in 2020, and is estimated to reach $73,333.8 million by 2030, at a CAGR of 5.1% during the forecast period. Depending on end user, the fitness lifestyle users segment was the valued at 35,319.6 million in 2020, and is estimated to reach $ 58,588.5 million by 2030, at a CAGR of 4.9% during the forecast period. Fitness lifestyle users is evolving category of the health and fitness conscious category people who perceive fitness and sports performance as part of their daily activities. Download Report Sample

  5. Purchase this Report (Price 6,169 USD for single user license): https://www.alliedmarketresearch.com/checkout-final/dde2445cd656e420f711a29124568b89 • Key findings of the study • The 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. • In 2020, depending on type, the dairy-based beverages segment accounted for $ 7,215.1 million, garnering 6.6% of the global market share. • On the basis of distribution channel, the E-Commerce segment acquired $ 12,555.8 million, exhibiting 11.4% of the global market share. • In 2020, by end user, the athletes segment was valued at $35,319.6 million, accounting for 32.1% of the market share. • U.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. • Functional Beverages Market Download Report Sample

  6. Covid-19 scenario- • The outbreak of Covid-19 led to the enforcement of lockdown in almost all the countries across the world. It caused significant hardship to several industrial verticals along with the Functional Beverages Market. There were huge disruptions in the supply chain as well. • Nevertheless, the government bodies are now coming up with relaxations on the existing regulations to help different sectors get back on their feet yet again. • Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/13452 • Functional Beverages Market Download Report Sample

  7. About Allied Market Research: 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 services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. 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. 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. Functional Beverages Market Download Report Sample

  8. Contact Us: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1(855)550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research Functional Beverages Market Download Report Sample

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