Sparkling Functional Beverages Market by Category, Distribution Channel, End-user

Description

List of Tables

[181 Pages Report] The Sparkling Functional Beverages Market size was estimated at USD 64.54 billion in 2023 and expected to reach USD 70.60 billion in 2024, at a CAGR 9.96% to reach USD 125.49 billion by 2030.

Global Sparkling Functional Beverages Market

KEY MARKET STATISTICS
Base Year [2023]	USD 64.54 billion
Estimated Year [2024]	USD 70.60 billion
Forecast Year [2030]	USD 125.49 billion
CAGR (%)	9.96%

Sparkling Functional Beverages Market - IMG1

Sparkling functional beverages are carbonated drinks that, besides refreshment benefits, offer health-related benefits or functional claims. These may include added vitamins, minerals, electrolytes, fibers, or plant-based compounds, catering to consumers' growing interest in health and wellness. Consumers' increasing health awareness and inclination towards non-alcoholic beverages and consumer readiness to pay a premium price for various functional advantages are driving the market growth. Growing consumption of sports drinks due to increasing sports and exercise also fuels market growth. Strict and non-standard regulatory protocols for approval due to concerns over the safety of the beverage pose significant hurdles for the sparkling functional beverages market. The availability of inexpensive substitutes can lead to market saturation. The introduction of new and exotic flavors, the rising popularity of nootropic beverages, and attractive availability through online channels are expected to create significant growth in the market.

Regional Insights

The sparkling functional beverages market in the Americas is experiencing substantial growth, driven by the increasing consumer demand for healthier alternatives to traditional soft drinks. Factors such as rising health awareness, the prevalence of lifestyle-related diseases, and the trend of on-the-go consumption are contributing to the expansion of this market. The United States represents major growth, with various brands and flavors catering to diverse consumer preferences. The South American market also shows growth potential, with an increasing middle-class population looking for premium health-oriented beverages. The Asia-Pacific (APAC) region possesses a burgeoning sparkling functional beverages market owing to a growing middle class, rapid urbanization, and increased consumer health consciousness. Countries such as China, Japan, and India are spearheading the market with a demand for beverages that offer wellness benefits alongside convenience.

Moreover, the younger demographic is driving innovation in the space with a preference for unique and exotic flavors and attractive and sustainable packaging solutions. European consumers increasingly lean towards premium segments with a clear focus on health, environmental impact, and clean-label products. There is also a strong demand for organic and locally sourced ingredients. Although smaller in comparison, the Middle Eastern market is anticipated to grow, with a young and expanding population seeking novel and health-focused beverage options. Africa presents an untapped market with low per capita consumption, offering great potential for development, particularly in urban centers where consumer spending power is on the rise.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Sparkling Functional Beverages Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Sparkling Functional Beverages Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Sparkling Functional Beverages Market, highlighting leading vendors and their innovative profiles. These include Coca-Cola Company, Cold Spring Brewing Company, Danone S.A., Fonterra Co-operative Group Limited, GENERAL MILLS, INC., Genki Forest, Glanbia PLC, GLOW Beverages Inc., Gut Drinks, Keurig Dr Pepper, KICR Innovation Ltd, Koios Beverage Corp., Monster Beverage Corporation, MyDrink Beverages, National Beverage Corp., Nestle SA, Otsuka Holdings Co., Ltd., PepsiCo, Inc., Refresco B.V., Resync, LLC, Rishi Tea & Botanicals, Talking Rain, Tipp Distributors, Inc., Unique Beverage Company, LLC, and Zevia PBC.

Market Segmentation & Coverage

This research report categorizes the Sparkling Functional Beverages Market to forecast the revenues and analyze trends in each of the following sub-markets:

Category
- Flavored
- Plain
Distribution Channel
- Offline
  - Hypermarkets/Supermarkets
  - Specialty Stores
- Online
End-user
- Athletes
- Fitness Lifestyle Users
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Sparkling Functional Beverages Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Sparkling Functional Beverages Market?

3. What are the technology trends and regulatory frameworks in the Sparkling Functional Beverages Market?

4. What is the market share of the leading vendors in the Sparkling Functional Beverages Market?

5. Which modes and strategic moves are suitable for entering the Sparkling Functional Beverages Market?

Product Code: MRR-144C638C8F58

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Sparkling Functional Beverages Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Consumers' increasing health awareness and inclination towards non-alcoholic beverages
  - 5.1.1.2. Consumer readiness to pay a premium price for various functional advantages
  - 5.1.1.3. Growing consumption for sports drinks due to increasing sports and exercise
- 5.1.2. Restraints
  - 5.1.2.1. Strict and non-standard regulatory protocols for approval due to concerns over the safety of the beverage
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of new and exotic flavors
  - 5.1.3.2. Rising popularity of nootropic beverages and attractive availability through online channels
- 5.1.4. Challenges
  - 5.1.4.1. Availability of inexpensive substitutes
5.2. Market Segmentation Analysis
- 5.2.1. Category: Growing popularity of flavored sparkling beverage among consumers
- 5.2.2. Distribution Channel: Significant preference for online distribution channel due to convenience of home delivery
- 5.2.3. End-user: Rising use of low sugar content and clean labels by the athletes
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Sparkling Functional Beverages Market, by Category

6.1. Introduction
6.2. Flavored
6.3. Plain

7. Sparkling Functional Beverages Market, by Distribution Channel

7.1. Introduction
7.2. Offline
- 7.3.1. Hypermarkets/Supermarkets
- 7.3.2. Specialty Stores
7.3. Online

8. Sparkling Functional Beverages Market, by End-user

8.1. Introduction
8.2. Athletes
8.3. Fitness Lifestyle Users

9. Americas Sparkling Functional Beverages Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Sparkling Functional Beverages Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Sparkling Functional Beverages Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. New Product Launch & Enhancement
  - 12.3.1.1. SmartSoda enters the RTD category with launch of new wellness beverage line
- 12.3.2. Investment & Funding
  - 12.3.2.1. Functional beverage startup closes funding round
- 12.3.3. Award, Recognition, & Expansion
  - 12.3.3.1. Coca-Cola India bottling partner SLMG Beverages opens new facility in Amethi

13. Competitive Portfolio

13.1. Key Company Profiles
- 13.1.1. Coca-Cola Company
- 13.1.2. Cold Spring Brewing Company
- 13.1.3. Danone S.A.
- 13.1.4. Fonterra Co-operative Group Limited
- 13.1.5. GENERAL MILLS, INC.
- 13.1.6. Genki Forest
- 13.1.7. Glanbia PLC
- 13.1.8. GLOW Beverages Inc.
- 13.1.9. Gut Drinks
- 13.1.10. Keurig Dr Pepper
- 13.1.11. KICR Innovation Ltd
- 13.1.12. Koios Beverage Corp.
- 13.1.13. Monster Beverage Corporation
- 13.1.14. MyDrink Beverages
- 13.1.15. National Beverage Corp.
- 13.1.16. Nestle SA
- 13.1.17. Otsuka Holdings Co., Ltd.
- 13.1.18. PepsiCo, Inc.
- 13.1.19. Refresco B.V.
- 13.1.20. Resync, LLC
- 13.1.21. Rishi Tea & Botanicals
- 13.1.22. Talking Rain
- 13.1.23. Tipp Distributors, Inc.
- 13.1.24. Unique Beverage Company, LLC
- 13.1.25. Zevia PBC
13.2. Key Product Portfolio

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing