Global Functional Drinks Market to grow at a CAGR of 8.77% during the period 2017-2020
Functional beverages are a segment of non-alcoholic beverages that contain vitamins, herbs, pre- and probiotic live bacteria and yeasts, non-digestible fiber, amino acids, or additional raw vegetables and fruits. Functional beverages also include RTD teas that have functional benefits, as well as non-dairy beverages that provide nutrition for lactose intolerant individuals or those who are looking to cut down on dairy fats.
These beverages are formulated to provide improved digestion, boost immunity, boost energy and stamina, promote health functions, and provide a feeling of satiation. The beverages also serve the needs of consumers who seek convenience and health benefits while on the go. These two aspects are important factors in product purchase decisions.
Functional beverages provide benefits of:
Hydration
Energy
Health and wellness, including digestive and bone and joint health, and strengthening of the immune system
Weight management
Technavios analysts forecast the global functional drinks market to grow at a CAGR of 8.77% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global functional drinks market for 2016-2020. To calculate the market size, the report considers the revenue from the sales of the following products:
Functional fruit and vegetable juices
Energy beverages
Pro- and prebiotic drinks (drinking yogurt and sour milk products)
Sports beverages
Functional ready-to-drink (RTD) tea
Dairy-alternative beverages
Functional water
The market is divided into the following segments based on geography:
Americas
APAC
Europe
MEA
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Technavio's report, Global Functional Drinks Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Coca-Cola
Danone
Monster Beverage
PepsiCo
Red Bull
Yakult
Other prominent vendors
Archer Daniels Midland (ADM)
Campbell Soup
Del Monte Pacific
Dr. Pepper Snapple Group
Fonterra
GlaxoSmithKline
JDB Group
Kraft Heinz
Living Essentials
Nestl
Otsuka Pharmaceutical
Rockstar
Suntory
TC Pharmaceutical Industries
The Hain Celestial Group
Unilever
Uni-President
Welchs
White Wave Foods
Market driver
Health benefits associated with functional drinks
For a full, detailed list, view our report
Market challenge
Challenges in product formulation
For a full, detailed list, view our report
Market trend
Increase in use of natural ingredients and botanicals in functional drinks
For a full, detailed list, view our report
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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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