Regional Analysis:
The global functional beverages market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. Europe is estimated to dominate the global functional beverages market in 2018. The European market is projected to reach to USD 74.26 billion by the end of 2023. Consumers are increasingly opting for healthy and nutritional drinks over calorie-heavy soft drinks, which is driving the growth of the functional beverages market in the region. In Europe, Germany and the UK are expected to contribute greatly to market growth. The functional beverages market in Asia-Pacific is projected to register a substantial CAGR of 7.29% during the forecast period. Rising health awareness is one of the major factors for increasing product demand in the region. In addition, key manufacturers of functional beverages are targeting the market in Asia-Pacific. The North American market is expected to account for 29.34% of the market share in 2018 and is projected to register a moderate growth rate during the forecast period.

Segments
The global functional beverages market has been segmented, on the basis of type, into energy drinks, functional fruit and vegetable juices, sports beverages, prebiotic and probiotic drinks, functional dairy products, dairy alternative beverages, and others. In 2017, the sports beverage segment accounted for the majority market share of the global functional beverages market and is projected to reach USD 63.88 billion by the end of 2023. However, the functional fruit and vegetable juices segment is projected to register the highest CAGR of 7.13% during the review period.
On the basis of function, the global functional beverages market has divided into hydration, energy and rejuvenation, health and wellness, and weight management. In 2017, the health and wellness segment is expected to account for the maximum market share and is projected to reach USD 91.25 billion by the end of 2023.
The global functional beverages market has been also been categorized, on the basis of distribution channel, as store-based and non-store-based. The store-based segment is expected to be the larger market while the non-store-based segment is projected to be the faster-growing market at the higher CAGR of 7.08% during the assessment period.

Key Players:
The leading market players in the global functional beverages market are PepsiCo Inc. (US), the Coca-Cola Company (US), Nestle SA (Switzerland), Danone (France), Kraft Heinz Company (US), Fonterra Co-operative Group Ltd (New Zealand), Mondelez International Inc. (US), Monster Beverage Corporation (US), Campbell Soup Co. (US), and Hain Celestial Group (US).

Target Audience:
• Food & beverage manufacturers
• Functional beverage manufacturers
• Raw material suppliers

• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters

Key Findings:
• The sports beverage segment of the global functional beverages market, by type, is expected to be the largest market during the forecast period of 2018 to 2023. However, the functional fruit and vegetable juices segment is projected to register the highest CAGR of 7.13% during the review period.
• The health and wellness function segment is expected to exhibit a CAGR of 6.31% during the forecast period to reach USD 91.25 billion by the end of 2023. The energy and rejuvenation segment is projected to register a CAGR of 7.07% during the review period.
Global Functional Beverages Market Research Report—Forecast till 2023:
As per MRFR analysis, the global functional beverages market is estimated to reach USD 234.48 billion by the end of 2023 at a CAGR of 6.63% during the forecast period.

The report also offers a regional analysis:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia and New Zealand
o Rest of Asia-Pacific
• Rest of the World
o Latin America
o Middle East
o Africa

The post Global Functional Beverages Market Research Report – Forecast to 2023 first appeared on CRI Report.

Functional Drink is classified into nutrimental beverages, sport drinks and drinks for other special usage after adjusting the composition and content of natural nutrients for particular nutrition needs in regulating body functions instead of treating diseases. It mainly serves for anti-fatigue and energy supplement.

In terms of age, major consumers of functional drinks are young people such as children, students and office workers for its energy supplement. In terms of gender, males consume more functional drinks due to their preference for sports and staying up late in China. In contrast, female consumers prefer soft drinks such as fruit juice, vegetable protein beverages or bottled water with less sport time.

According to CRI, the sales revenue of functional drinks increased from CNY 25.71 billion in 2011 to CNY 60.6 billion in 2015 with the CAGR of 23.9%, far exceeding the growth rate of the market size of the soft drink industry during the corresponding period. In China, the competition in the functional drink industry is less intense than other soft drink varieties. According to CRI, the aggregate market share of top 5 functional drink manufacturers in China was about 63.5% of the total with a high market concentration rate, of which the market share of Red Bull and Danone Mizone was over half of the total in 2015.

Thailand Functional Drinks Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

In recent years, the resident consumption ability improves especially in the third and fourth tier cities as well as rural areas, leading to the growing beverage industry. The demand for functional drinks will continue increasing with the improvement of resident health awareness. Existing products are small in varieties in the functional drink market mainly including those adding vitamin and taurine with high retail prices while there are less international popular varieties.

Therefore, opportunities exist for new functional drink manufacturers in segment varieties and regional markets. The annual average consumption volume of functional drinks was less than 3 liters per capita in China, far inferior to the global level of 7 liters. This means that functional drink enterprises need to promote the marketing for more understanding and popularity among consumers and larger consumption space of functional drinks.

CRI estimates that the CAGR of the market size of functional drinks will exceed 15% even reach 20% in China from 2016 to 2021.

Through this report, readers can acquire the following information:

• -Economy and Policy Environment Faced by China Functional Drink Industry
• -Analysis on Supply and Demand in China Functional Drink Industry
• -Top 5 Enterprises and Their Operation Status in China Functional Drink Manufacturing Industry, 2013-2016
• -Competition Status of Functional Drink Industry in China
• -Price Trend of Edible Sugar, PET and Packing Materials in China, 2013-2016
• -Major Driving Forces and Market Opportunities in China Functional Drink Industry in the Future
• -Risks and Challenges Faced by China Functional Drink Industry
• -Development Trend of China Functional Drink Industry, 2017-2021

Related reports:

https://www.cri-report.com/product/global-functional-beverages-market-research-report-forecast-to-2023/

https://www.cri-report.com/product/thailand-functional-drinks-market-outlook-2030-industry-insights-opportunity-evaluation-2019-2030/

https://www.cri-report.com/product/functional-tea-market-research-report-forecast-till-2026/

The post China Functional Drink Industry Overview, 2017-2021 first appeared on CRI Report.