Functional Drinks Market 2021-2025: APAC will Dominate Market Growth
The functional drinks market size is set to post an incremental growth of USD 179.28 billion, accelerating at a CAGR of 11.33% during the forecast period. 40% of the market's growth will originate from APAC during the forecast period. New product launches are one of the key driving factors that positively impact the functional drinks market growth.
The research report by Technavio analyses the growth trajectory of the market with a preview of the prevalent market scenario, functional drinks market trends, and drivers. It also provides competitive bench-marking of the key market players and their product portfolios.
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Functional Drinks Market: APAC to lead market growth during the forecast period
- The functional drinks market is segmented by Product (Energy beverages, Functional fruit and vegetable juices, Sports beverages, Prebiotic and probiotic drinks, and Others) and Geography (APAC, North America, Europe, South America, and MEA).
- Based on product segmentation, the functional drinks market share in the energy beverages segment will be significant during the forecast period. The availability of these drinks through improved channels of distribution makes them more accessible.
- By geographical segmentation, APAC is projected to contribute 40% of the functional drinks market share during the forecast period. China is the key market for functional drinks in APAC.
- Factors such as new product launches, improved taste and versatility, and high levels of marketing support will increase the demand for functional drinks during the forecast in APAC.
Functional Drinks Market: Key Competitors
Archer Daniels Midland Co., Danone SA, Monster Beverage Corp., Nestlé SA, NextFoods Inc., PepsiCo Inc., Red Bull GNBH, Suntory Holdings Ltd., The Coca-Cola Co., and The Kraft Heinz Co. are some of the major functional drinks market vendors.
The market is concentrated, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 11.33%.
- What is the incremental growth of the market?
The market is expected to grow up to USD 179.28 billion.
- What is a key factor driving this market?
The health benefits of functional drinks will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market?
40% growth will originate from APAC.
- Who are the leading market vendors?
The leading vendors in this market are Archer Daniels Midland Co., Danone SA, Monster Beverage Corp., Nestlé SA, NextFoods Inc., PepsiCo Inc., Red Bull GNBH, Suntory Holdings Ltd., The Coca-Cola Co., and The Kraft Heinz Co.
- What are the market segments covered in this report?
The market is segmented by Product (Energy beverages, Functional fruit and vegetable juices, Sports beverages, Prebiotic and probiotic drinks, and Others) and Geography (APAC, North America, Europe, South America, and MEA).
