The Latin America, Middle East and Africa Functional Beverages Market would witness market growth of 8.9% CAGR during the forecast period (2021-2027).
Health-oriented beverages such as probiotic food products are considered as necessary products due to which, customers are increasingly moving towards the consumption of such products. Additionally, the demand for probiotic drinks like kombucha is driven by the strategies used to maximize the sale like the addition of attractive tag lines that include ready-to-drink & on the go beverages. These factors are accountable for the changing preference of customers from fruit juices & carbonated drinks towards functional drinks.
Moreover, with the growing awareness among customers about the ill-effects of soft drinks, the customers are rapidly reducing the consumption of soft drinks such as juices and carbonates and are inclining towards healthy products like probiotics, soymilk, and other functional drinks. Further, customer education is playing a vital role in the rapidly growing demand for healthy hydration drinks. The fame gained by the trend of healthy hydration is due to the rising acceptance of probiotics drinks by customers and swiftly increasing awareness about fermented drinks that contain natural ingredients. Thus, these factors are anticipated to boost the growth of the functional beverages market in the forthcoming years.
The LAMEA functional beverages market is anticipated to acquire strong growth in the forthcoming years. These beverages improve digestive health due to which, this region is witnessing considerable growth in its demand. In addition, customers are gradually inclining towards probiotics products as the awareness related to its benefits is increasing among the customers across this region. Probiotics drinks are one of the functional beverages. Additionally, the factors such as improved gut health, a rising number of health-conscious customers, especially millennials, and great availability of ready-to-drink products are directly associated with the growth of the regional market.
Moreover, functional drinks like probiotic drinks are among the essential drinks that help in maintaining a healthy balance of intestinal bacteria and provide several health benefits such as proper immune function, digestive health, and weight loss. Further, higher consumption of these drinks stimulates mental health and helps in maintaining the better light. Therefore, it is projected that these aspects will propel the growth of the functional beverages market in the upcoming years.
The Fitness Lifestyle Users market dominated the South Africa Functional Beverages Market by End User in 2020, thereby, achieving a market value of $882.4 Million by 2027. The Athletes market is estimated to grow at a CAGR of 10.1% during (2021 - 2027). Additionally, The Others market is expected to witness highest CAGR of 9.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Functional Beverages Market is Predict to reach $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
- Athletes
- Others
By Type
- Energy Drinks
- Sports Drinks
- Juices
- Dairy-based Beverages
- Others
By Distribution Channel
- Supermarket/Hypermarket
- Specialty Stores
- E-commerce
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Functional Beverages Market, by End User
1.4.2 LAMEA Functional Beverages Market, by Type
1.4.3 LAMEA Functional Beverages Market, by Distribution Channel
1.4.4 LAMEA Functional Beverages Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Feb – 2021, Aug) Leading Players
Chapter 4. LAMEA Functional Beverages Market by End User
4.1 LAMEA Fitness Lifestyle Users Market by Country
4.2 LAMEA Athletes Market by Country
4.3 LAMEA Others Market by Country
Chapter 5. LAMEA Functional Beverages Market by Type
5.1 LAMEA Energy Drinks Market by Country
5.2 LAMEA Sports Drinks Market by Country
5.3 LAMEA Juices Market by Country
5.4 LAMEA Dairy-based Beverages Market by Country
5.5 LAMEA Other Type Market by Country
Chapter 6. LAMEA Functional Beverages Market by Distribution Channel
6.1 LAMEA Supermarket/Hypermarket Market by Country
6.2 LAMEA Specialty Stores Market by Country
6.3 LAMEA E-commerce Market by Country
6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Functional Beverages Market by Country
7.1 Brazil Functional Beverages Market
7.1.1 Brazil Functional Beverages Market by End User
7.1.2 Brazil Functional Beverages Market by Type
7.1.3 Brazil Functional Beverages Market by Distribution Channel
7.2 Argentina Functional Beverages Market
7.2.1 Argentina Functional Beverages Market by End User
7.2.2 Argentina Functional Beverages Market by Type
7.2.3 Argentina Functional Beverages Market by Distribution Channel
7.3 UAE Functional Beverages Market
7.3.1 UAE Functional Beverages Market by End User
7.3.2 UAE Functional Beverages Market by Type
7.3.3 UAE Functional Beverages Market by Distribution Channel
7.4 Saudi Arabia Functional Beverages Market
7.4.1 Saudi Arabia Functional Beverages Market by End User
7.4.2 Saudi Arabia Functional Beverages Market by Type
7.4.3 Saudi Arabia Functional Beverages Market by Distribution Channel
7.5 South Africa Functional Beverages Market
7.5.1 South Africa Functional Beverages Market by End User
7.5.2 South Africa Functional Beverages Market by Type
7.5.3 South Africa Functional Beverages Market by Distribution Channel
7.6 Nigeria Functional Beverages Market
7.6.1 Nigeria Functional Beverages Market by End User
7.6.2 Nigeria Functional Beverages Market by Type
7.6.3 Nigeria Functional Beverages Market by Distribution Channel
7.7 Rest of LAMEA Functional Beverages Market
7.7.1 Rest of LAMEA Functional Beverages Market by End User
7.7.2 Rest of LAMEA Functional Beverages Market by Type
7.7.3 Rest of LAMEA Functional Beverages Market by Distribution Channel
Chapter 8. Company Profiles
8.1 PepsiCo, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.2 The Coca Cola Company
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.4.2 Product Launches and Product Expansions:
8.2.4.3 Acquisition and Mergers:
8.3 Nestle S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.4 Danone S.A.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.5.3 Geographical Expansions:
8.5 Meiji Holdings Co., Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisitions and Mergers:
8.5.5.2 Product Launches and Product Expansions:
8.6 Monster Beverage Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.7 Suntory Beverage & Food Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisitions and Mergers:
8.7.5.2 Product Launches and Product Expansions:
8.8 National Beverage Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Red Bull GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Product Launches and Product Expansions:
8.9.2.3 Geographical Expansions:
8.10. Clif Bar & Company
8.10.1 Company Overview
TABLE 1 LAMEA Functional Beverages Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Functional Beverages Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Functional Beverages Market
TABLE 4 Product Launches And Product Expansions– Functional Beverages Market
TABLE 5 Acquisition and Mergers– Functional Beverages Market
TABLE 6 Geographical Expansions– Functional Beverages Market
TABLE 7 LAMEA Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 8 LAMEA Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 9 LAMEA Fitness Lifestyle Users Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Fitness Lifestyle Users Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Athletes Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Athletes Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 16 LAMEA Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 17 LAMEA Energy Drinks Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Energy Drinks Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Sports Drinks Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Sports Drinks Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Juices Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Juices Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Dairy-based Beverages Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Dairy-based Beverages Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Other Type Market by Country, 2017 - 2020, USD Million
TABLE 26 LAMEA Other Type Market by Country, 2021 - 2027, USD Million
TABLE 27 LAMEA Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 28 LAMEA Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 29 LAMEA Supermarket/Hypermarket Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Supermarket/Hypermarket Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Specialty Stores Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Specialty Stores Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA E-commerce Market by Country, 2017 - 2020, USD Million
TABLE 34 LAMEA E-commerce Market by Country, 2021 - 2027, USD Million
TABLE 35 LAMEA Others Market by Country, 2017 - 2020, USD Million
TABLE 36 LAMEA Others Market by Country, 2021 - 2027, USD Million
TABLE 37 LAMEA Functional Beverages Market by Country, 2017 - 2020, USD Million
TABLE 38 LAMEA Functional Beverages Market by Country, 2021 - 2027, USD Million
TABLE 39 Brazil Functional Beverages Market, 2017 - 2020, USD Million
TABLE 40 Brazil Functional Beverages Market, 2021 - 2027, USD Million
TABLE 41 Brazil Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 42 Brazil Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 43 Brazil Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 44 Brazil Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 45 Brazil Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 46 Brazil Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 47 Argentina Functional Beverages Market, 2017 - 2020, USD Million
TABLE 48 Argentina Functional Beverages Market, 2021 - 2027, USD Million
TABLE 49 Argentina Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 50 Argentina Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 51 Argentina Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 52 Argentina Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 53 Argentina Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 54 Argentina Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 55 UAE Functional Beverages Market, 2017 - 2020, USD Million
TABLE 56 UAE Functional Beverages Market, 2021 - 2027, USD Million
TABLE 57 UAE Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 58 UAE Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 59 UAE Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 60 UAE Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 61 UAE Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 62 UAE Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 63 Saudi Arabia Functional Beverages Market, 2017 - 2020, USD Million
TABLE 64 Saudi Arabia Functional Beverages Market, 2021 - 2027, USD Million
TABLE 65 Saudi Arabia Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 66 Saudi Arabia Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 67 Saudi Arabia Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 68 Saudi Arabia Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 69 Saudi Arabia Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 70 Saudi Arabia Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 71 South Africa Functional Beverages Market, 2017 - 2020, USD Million
TABLE 72 South Africa Functional Beverages Market, 2021 - 2027, USD Million
TABLE 73 South Africa Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 74 South Africa Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 75 South Africa Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 76 South Africa Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 77 South Africa Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 78 South Africa Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 79 Nigeria Functional Beverages Market, 2017 - 2020, USD Million
TABLE 80 Nigeria Functional Beverages Market, 2021 - 2027, USD Million
TABLE 81 Nigeria Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 82 Nigeria Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 83 Nigeria Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 84 Nigeria Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 85 Nigeria Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 86 Nigeria Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 87 Rest of LAMEA Functional Beverages Market, 2017 - 2020, USD Million
TABLE 88 Rest of LAMEA Functional Beverages Market, 2021 - 2027, USD Million
TABLE 89 Rest of LAMEA Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 90 Rest of LAMEA Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 91 Rest of LAMEA Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 92 Rest of LAMEA Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 93 Rest of LAMEA Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 94 Rest of LAMEA Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 95 key information – PepsiCo, Inc.
TABLE 96 key information – The Coca Cola Company
TABLE 97 Key Information – Nestle S.A.
TABLE 98 Key information – Danone S.A.
TABLE 99 Key Information – Meiji Holdings Co., Ltd.
TABLE 100 Key Information – Monster Beverage Corporation
TABLE 101 key Information – Suntory Beverage & Food Limited
TABLE 102 key information – National Beverage Corporation
TABLE 103 Key Information – Red Bull GmbH
TABLE 104 Key Information – Clif Bar & Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Feb – 2021, Aug) Leading Players
FIG 5 Recent strategies and developments: PepsiCo, Inc.
FIG 6 Recent strategies and developments: The Coca Cola Company
FIG 7 Recent strategies and developments: Nestle S.A.
FIG 8 Recent strategies and developments: Danone S.A.
FIG 9 Recent strategies and developments: SUNTORY BEVERAGE & FOOD LIMITED
FIG 10 Recent strategies and developments: RED BULL GMBH