The Latest Functional Beverage Industry Statistics Explained
The global functional beverage market size was valued at USD 98.77 Billion in 2020.
The statistic that the global functional beverage market size was valued at USD 98.77 billion in 2020 indicates the total worth of the market for functional beverages worldwide during that year. Functional beverages are non-alcoholic drinks that provide added health benefits beyond basic nutrition, such as enhanced energy, improved immunity, and weight management. This market size figure reflects the value of all sales of functional beverages, including products such as sports drinks, energy drinks, ready-to-drink teas, and enhanced waters across various regions and distribution channels. The significant value highlights the growing consumer demand for healthier beverage options and the expansion of product offerings in the functional beverage industry.
Functional water is the leading category in the functional beverages market with a share of 42.5% in 2021.
The statistic indicates that functional water accounted for the largest proportion of sales within the functional beverages market in 2021, capturing a 42.5% share. This suggests that consumers are increasingly drawn to the benefits and added functionalities offered by functional water products compared to other types of functional beverages. The high market share of functional water highlights its popularity and strong demand among consumers seeking health and wellness benefits from their beverages. This trend may also reflect shifting consumer preferences towards healthier and more functional beverage options, as well as the effectiveness of marketing strategies and product innovation within the functional water category.
The Asia Pacific market is projected to register a significant CAGR of 8.2% between 2019 and 2025.
This statistic indicates that the Asia Pacific market is expected to experience substantial growth over the period from 2019 to 2025, with a Compound Annual Growth Rate (CAGR) of 8.2%. A CAGR of 8.2% means that on average, the market is forecasted to increase by 8.2% each year during this period. This growth rate suggests a strong expansion in the market size and economic activity within the Asia Pacific region, potentially driven by various factors such as increasing consumer demand, technological advancements, infrastructure development, and favorable economic conditions. Overall, this projection highlights the significant growth potential and opportunities for businesses operating or looking to enter the Asia Pacific market.
The global functional drinks market size is expected to reach USD 153.80 Billion by 2026.
The statistic indicates that the global functional drinks market is projected to experience significant growth, with a predicted market size of USD 153.80 Billion by the year 2026. Functional drinks are beverages that offer additional health benefits beyond basic nutrition, often containing added ingredients such as vitamins, minerals, herbs, or other bioactive compounds. The expected increase in market size suggests a growing consumer interest in health and wellness products and a shift towards healthier beverage options. This trend may be driven by factors such as increasing awareness of the importance of nutrition, changing lifestyles, and a desire for products that enhance overall well-being. Companies operating in the functional drinks sector may benefit from this growing market opportunity by innovating and offering products that cater to consumer preferences for health-focused beverages.
The fruit-flavored functional drinks accounted for the largest market share of over 40% in 2020.
The statistic indicates that fruit-flavored functional drinks held the highest market share, constituting more than 40% of the total market in 2020. This information suggests that consumers have a strong preference for fruit-flavored functional drinks over other types of beverages within the functional drinks category. It highlights the popularity and demand for fruit-infused products in the market, indicating potential growth opportunities for companies producing and selling these beverages. Additionally, this statistic offers valuable insights for businesses looking to capitalize on this trend by focusing on developing and promoting fruit-flavored functional drinks to meet consumer preferences and drive sales in the market.
The functional drinks market in Europe valued USD 31.10 billion in 2019.
The statistic “The functional drinks market in Europe valued USD 31.10 billion in 2019” indicates the total monetary value of sales generated by functional drinks within the European market in the year 2019. Functional drinks are beverages that contain ingredients known to provide specific health benefits beyond basic nutrition, such as energy-boosting, immune-boosting, or weight management properties. This statistic highlights the significant size and economic importance of the functional drinks industry in Europe, showing a demand for products that offer health and wellness benefits to consumers. The monetary value of USD 31.10 billion reflects the level of consumer spending on these products, indicating a strong market presence and potential for further growth and innovation in the industry.
The sports drinks category is anticipated to expand at a CAGR of 6.3% from 2019 to 2025.
This statistic indicates that the sports drinks category, which includes beverages designed to rehydrate and replenish electrolytes for individuals engaged in physical activity, is expected to experience a Compound Annual Growth Rate (CAGR) of 6.3% from the year 2019 to 2025. This implies a projected annual increase in market size over the specified time frame. The growth rate suggests that there is an anticipated rise in the demand for sports drinks over the next few years, likely driven by factors such as increasing health consciousness, growing interest in fitness and athletic activities, and expanding consumer preferences for convenient and functional beverages. As a result, companies within the sports drinks industry may need to adapt their strategies to capitalize on this projected growth and meet evolving consumer needs.
Functional tea is forecasted to witness the fastest growth, reporting a CAGR of 8.5% between 2019 and 2025.
This statistic indicates that the functional tea market is projected to experience significant growth over the forecasted period of 2019 to 2025, with a Compound Annual Growth Rate (CAGR) of 8.5%. This means that the demand for functional tea, which includes teas with added health benefits like antioxidants or vitamins, is expected to increase rapidly. The forecasted CAGR of 8.5% suggests a steady and consistent growth rate in the market, signaling a strong potential for expansion and profitability within the functional tea industry over the specified time frame.
The probiotic category of products are anticipated to lead the functional beverage market with the fastest growth of 9.4% CAGR between 2019 and 2025.
The statistic indicates that within the functional beverage market, the probiotic category of products is expected to experience the highest growth rate over the period from 2019 to 2025, with a Compound Annual Growth Rate (CAGR) of 9.4%. This means that probiotic beverages, which contain beneficial bacteria for digestive health, are projected to outperform other types of functional beverages in terms of market expansion. The anticipated growth rate suggests increasing consumer interest and demand for probiotic products during this time frame, likely driven by rising awareness of the potential health benefits associated with probiotics. This growth trend highlights a significant market opportunity for manufacturers and stakeholders in the probiotic beverage industry.
The market size of functional energy drinks is expected to reach USD 100 billion by 2027.
The statistic “The market size of functional energy drinks is expected to reach USD 100 billion by 2027” indicates that the total revenue generated by sales of functional energy drinks is projected to reach $100 billion by the year 2027. This forecast suggests a significant growth in consumer demand for energy drinks that provide functional benefits such as improved focus, energy, and well-being. This information is valuable for businesses operating in the energy drink industry, as it highlights the potential for substantial market expansion and revenue opportunities in the coming years. Tracking this market size can help companies to make informed strategic decisions related to product development, marketing, and distribution to capitalize on the growing demand for functional energy drinks.
Functional beverage sales accounted for approximately 28% of the total non-alcoholic beverage market in 2020.
This statistic indicates that functional beverage sales comprised about 28% of the overall non-alcoholic beverage market in 2020. Functional beverages are defined as drinks that offer added health and wellness benefits beyond basic hydration, such as energy drinks, sports drinks, and vitamin-enhanced waters. The fact that functional beverages accounted for nearly a third of the market highlights the growing consumer interest in products that provide specific health benefits. This trend suggests that consumers are increasingly seeking out beverages that not only quench their thirst but also offer additional value in terms of nutrition, energy, or wellness support. The statistic underscores the importance for beverage manufacturers to innovate and offer a diverse range of functional beverages to meet the evolving preferences of consumers in the non-alcoholic beverage market.
The online retail segment is expected to register a CAGR of 8.1% from 2019 to 2025 in the functional drinks industry.
This statistic indicates that the online retail segment within the functional drinks industry is projected to experience a Compound Annual Growth Rate (CAGR) of 8.1% from the year 2019 to 2025. This growth rate suggests that online retail sales of functional drinks are expected to increase at a steady annual pace over the specified period. The CAGR is a useful metric for understanding the average annual growth rate of a specific market segment, providing insight into the future trajectory of online sales in the functional drinks industry. A CAGR of 8.1% suggests that the online retail segment is anticipated to expand significantly and potentially capture a larger share of the market in the coming years.
The functional energy drinks segment is forecasted to achieve a CAGR of 6.5% during the forecast period 2019-2025.
This statistic indicates that the functional energy drinks segment is expected to experience a Compound Annual Growth Rate (CAGR) of 6.5% between the years 2019 and 2025. This suggests that the market for functional energy drinks is predicted to grow steadily at a rate of 6.5% per year during this period. The forecasted CAGR serves as a measure of the overall growth trend in the industry, providing insight into the potential performance and expansion of the functional energy drinks market in the coming years.
Consumption of functional beverages was found to be high in conventional stores with a share of 80.8% in 2019.
The statistic indicates that in 2019, the consumption of functional beverages, such as energy drinks or wellness drinks, was predominantly high in conventional stores, accounting for 80.8% of the total consumption. This suggests that conventional stores, which include supermarkets and traditional retail outlets, were the preferred choice for consumers when purchasing functional beverages. The high share of consumption in conventional stores may be attributed to factors such as convenience, accessibility, and the wide range of beverage options available in these stores. This statistic highlights the significant popularity and market presence of functional beverages in 2019, particularly within the retail sector.
The vitamins and minerals category is expected to expand at the fastest CAGR of 9.2% from 2019 to 2025 in the functional beverage industry.
This statistic indicates that within the functional beverage industry, the vitamins and minerals category is projected to experience the highest Compound Annual Growth Rate (CAGR) of 9.2% from 2019 to 2025. This suggests a strong and steady growth trend for products containing vitamins and minerals as consumers increasingly prioritize their health and wellness. The significant expansion in this specific category could be driven by various factors such as rising awareness of the benefits of vitamins and minerals, changing consumer preferences towards healthier beverage options, and advancements in product formulations. As a result, companies operating in the functional beverage industry may want to consider investing in products that cater to this growing demand for vitamins and minerals to capitalize on this projected growth opportunity.
A recent report projects that the functional beverages market has a potential to reach approximately $208.13 billion by 2025.
The statistic highlights a projection indicating that the functional beverages market is expected to grow significantly in the coming years, with a potential value of around $208.13 billion by the year 2025. This suggests a considerable expansion in the market for functional beverages, which are drinks that contain ingredients claimed to provide health benefits beyond basic nutrition. The projected growth in this market indicates a rising consumer interest in healthier beverage options and an increasing awareness of the potential benefits of functional ingredients. This statistic underscores the opportunities and potential profitability in the functional beverages industry, signaling a lucrative market for businesses operating in this sector.
Conclusion
The functional beverage industry is experiencing significant growth and innovation, with a wide range of products catering to consumers seeking health benefits and convenience. The statistics show a promising future for this industry as more consumers prioritize their health and wellness. It is evident that functional beverages are more than just a passing trend, but a crucial component of the modern beverage market.
References
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