Functional Drinks Industry Statistics

In this post, we will explore key statistics and trends in the functional drinks industry, shedding light on the market’s size, growth projections, regional dynamics, and consumer preferences. From the industry’s global valuation to product segment insights and market share breakdowns, these statistics paint a comprehensive picture of a thriving sector driven by innovation and changing consumer demands. Join us as we delve into the data shaping the future of functional beverages.

Statistic 1

"The functional drinks industry was valued at approximately 98.77 billion U.S. dollars worldwide in 2019."

Statistic 2

"The functional beverage market is expected to reach $208.13B globally by 2024."

Statistic 3

"The US functional drink market constitutes about 33.31% of the global market."

Statistic 4

"Functional beverages' revenue is set to rise at a CAGR (Compound annual growth rate) of 8.66% from 2020 to 2025."

Statistic 5

"Europe's functional beverages market is expected to grow at a CAGR of 7.5% during the forecast period of 2020-2025."

Statistic 6

"North America dominates the functional drinks industry with a market share of 38.4%."

Statistic 7

"Functional energy drinks accounted for a 29.5% share of the total functional beverages market in 2018."

Statistic 8

"The Asia-Pacific region is projected to grow at the highest CAGR of 10.6% from 2020 to 2027 in the functional drinks industry."

Statistic 9

"Approximately 60% of the millennial population consumes functional beverages in the United States."

Statistic 10

"The fruit-based functional beverages category is expected to grow at a CAGR of 8.1% from 2021 to 2028."

Statistic 11

"Sports drinks is the largest product segment in the functional beverages market, accounting for over 22.0% of the global value in 2020."

Statistic 12

"As of 2019, Japan has the highest per-capita functional drinks consumption."

Statistic 13

"Dairy-based functional beverages are predicted to increase at a CAGR of 6.2% from 2019 to 2025."

Statistic 14

"The probiotics functional beverages sector is expected to grow at a CAGR of 8.29% from 2021 to 2026."

Statistic 15

"In 2018, non-alcoholic functional beverages accounted for 37.55% of the market."

Statistic 16

"The functional water market segment was valued at approximately $10.34 billion in 2020."

Statistic 17

"By 2025, functional energy drinks are expected to gain the largest market share due to increasing consumer preference for healthier alternatives to traditional energy drinks."

The statistics show a significant growth potential in the global functional drinks industry, with a clear upward trend in market value and consumption patterns across various regions and product categories. The industry is projected to more than double in value by 2024, driven by increasing demand for healthier beverage options and specific product preferences among consumers. With regional variations in market share dominance and growth rates, it is evident that there are diverse opportunities for market expansion and strategic targeting within the functional drinks sector. Additionally, the forecasted rise in consumption rates among specific demographics, such as millennials, and the escalating popularity of certain product types like fruit-based and probiotics beverages, indicate evolving consumer preferences shaping the industry landscape for the foreseeable future.