According to industry analysis, the global market for health drinks is projected to experience substantial growth and a high compound annual growth rate throughout the forecast period, with a significant market size expected by 2028. This growth is driven by changing market trends and a rising consumer demand for health drinks, which is expected to support both industry and market expansion. Health drinks are beverages that contain essential nutrients and boost immunity, typically made from fruits and vegetables, and can be categorized into two types: dairy and non-dairy. When consumed in moderation, health drinks provide numerous health benefits and reduce the risk of developing diseases.
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Top Companies Operating in the Global Functional Health Drinks Market Report:
- Nestlé
- Upbeat Drinks
- Rakyan Beverages
- ViVA Drinks
- Suja Life, LLC
- GlaxoSmithKline
- Mondelez International
- Timbucha Kombucha
- Oy Karl Fazer Ab.
- GCMMF
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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The global Functional Health Drinks Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
By Type (Revenue, USD Billion; 2018–2028)
- Fresh Packaged Fruit Juices
- Nutritional Drinks
- Functional Drinks
- Others
By Distribution Channel (Revenue, USD Billion; 2018–2028)
- Online Retail
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Others
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