GITNUX MARKETDATA REPORT 2024

Functional Beverages Industry Statistics

The functional beverages industry is experiencing significant growth, driven by increasing consumer demand for health and wellness products with added benefits.

In this post, we will explore key statistics and trends shaping the functional beverages industry. From the dominance of energy drinks to the rapid growth in the Asia-Pacific region, we will analyze market dynamics, distribution channels, and popular product segments driving the industry forward. Stay tuned to discover valuable insights into the evolving landscape of functional beverages.

Statistic 1

"Energy drinks hold the highest share in the global functional drinks market."

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Statistic 2

"The Asia-Pacific region is expected to be the fastest-growing market for functional beverages during the forecast period."

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Statistic 3

"The non-alcoholic functional beverages segment dominated the market in 2021."

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Statistic 4

"The market for functional beverages in Europe is projected to grow at a CAGR of 6.2% over the forecast period."

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Statistic 5

"The functional water segment is estimated to witness the fastest growth during the next few years."

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Statistic 6

"In terms of distribution channel, supermarkets/hypermarkets dominated the market in 2021."

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Statistic 7

"Vitamin-fortified beverages hold a significant portion of this market."

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Statistic 8

"The demand for antioxidant-rich drinks has seen a notable increase, fueling the growth of the functional beverages industry."

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Statistic 9

"The functional beverages market in Latin America was valued at USD 10.77 billion in 2020."

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Statistic 10

"Probiotic drinks are expected to show a significant growth rate in the coming years."

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Statistic 11

"Approximately 30% of the total revenues in the functional beverages industry have been generated from online distribution channels."

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Statistic 12

"Among functional ingredients, vitamins and minerals account for a sizable portion of the functional beverages industry."

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Energy drinks lead the global functional beverages market, with the Asia-Pacific region projected to experience the most rapid growth. The dominance of non-alcoholic functional beverages and the surge in demand for antioxidant-rich and vitamin-fortified drinks are driving market expansion. Europe is poised for significant growth, particularly in the functional water segment, while Latin America’s market value showcases a promising trajectory. Probiotic drinks and online distribution channels are anticipated to play pivotal roles in the industry’s future success, while vitamins and minerals continue to be key ingredients driving innovation.

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