Europe Functional Beverages Market By End User (Fitness Lifestyle Users, Athletes and Others), By Type (Energy Drinks, Sports Drinks, Juices, Dairy-based Beverages and Others), By Distribution Channel (Supermarket/Hypermarket, Specialty Stores, E-commerce and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Europe Functional Beverages Market would witness market growth of 7.6% CAGR during the forecast period (2021-2027).
Functional beverages are those liquids that keep the body hydrated and also help in maintaining nutritional balance. Thus, these fortified drinks help consumers belonging to all generations to stay healthy and avoid any kind of health problems. In addition, functional drinks offer various health benefits like improve mental capability, control cholesterol levels, enhance heart health, boost the immune system, enhance bone health, and other benefits that are related to vision safety. Owing to these benefits consumers are inclining towards grab-and-go snacks such as functional drinks. Moreover, various energy drink manufacturers are introducing a variety of new products like sugar-free soft drinks and products to stay updated with the current developments and developing competitors, these are some factors that would hamper the growth of the functional beverages market in the upcoming years.
The functional beverage market in Europe is obtaining promising growth due to the growing health consciousness among consumers and a strong economy. In addition, the older generation residing in this region is boosting the demand for functional drinks to overcome & prevent major health issues. For them, functional drinks are like meat bottles. Additionally, customers in Germany demand high-quality products that comprise organic and health & wellness food products. Moreover, products like convenient foods, ready-to-eat products, and instant energy drinks are gaining traction in this region due to the adoption of hectic lifestyles.
Further, the functional beverage sector is witnessed as the fastest growing sector in this region. The growth in the sector is attributed to the changing preferences of customers from carbonated soft drinks to functional drinks and large investments by reputed food & beverage organizations. Furthermore, various manufacturers are focusing on including an expansive line of functional ingredients like zero-calorie sweeteners, flavors, and nutraceuticals, which offer good taste and are also healthy for the human body. Therefore, these factors would create lucrative growth opportunities for the players operating in the regional functional beverages market over the forthcoming years.
The Germany market dominated the Europe Dairy-based Beverages Market by Country in 2020, thereby, achieving a market value of $1,182.4 Million by 2027. The UK market is exhibiting a CAGR of 8.6% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 11.1% during (2021 - 2027).
Based on End User, the market is segmented into Fitness Lifestyle Users, Athletes and Others. Based on Type, the market is segmented into Energy Drinks, Sports Drinks, Juices, Dairy-based Beverages and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Specialty Stores, E-commerce and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Functional Beverages Market Size will Hit $140.7 Billion by 2027, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., The Coca Cola Company, Nestle S.A., Danone S.A., Meiji Holdings Co., Ltd., Monster Beverage Corporation, Suntory Beverage & Food Limited, National Beverage Corporation, Red Bull GmbH, and Clif Bar & Company.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Fitness Lifestyle Users
- Energy Drinks
- Sports Drinks
- Dairy-based Beverages
By Distribution Channel
- Specialty Stores
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- PepsiCo, Inc.
- The Coca Cola Company
- Nestle S.A.
- Danone S.A.
- Meiji Holdings Co., Ltd.
- Monster Beverage Corporation
- Suntory Beverage & Food Limited
- National Beverage Corporation
- Red Bull GmbH
- Clif Bar & Company
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