PUBLISHER: MarketLine | PRODUCT CODE: 1930571
PUBLISHER: MarketLine | PRODUCT CODE: 1930571
Global Functional Drinks industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The functional drinks market includes retail sales of sports drinks and energy drinks. Sports drinks are defined as drinks with performance-enhancing properties, described as 'isotonic', 'hypertonic', or 'hypotonic'. Energy drinks are defined as those with energy-enhancing properties; mainly carbonated and containing stimulants such as caffeine, taurine, guarana, glucuronolactone, yerba mate, along with glucose syrup (corn syrup) and maltodextrin. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
By distribution channel, the market is segmented into convenience stores, hypermarkets, supermarkets, foodservice, and others. The scope of the other segment includes e-commerce, direct sellers, food & drinks specialists, vending machines, etc.
All market data and forecasts are based on nominal prices, and all currency conversions used in the creation of this report have been calculated using annual average exchange rates. The USD values may show a declining trend for a few countries, such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
The global functional drinks market recorded revenues of $134,806.0 million in 2024, representing a compound annual growth rate (CAGR) of 9.5% between 2019-24.
Market consumption volume increased with a CAGR of 7.8% between 2019-24, reaching a total of 40,236.8 million liters in 2024.
The global functional drinks market registered strong growth during 2019-24, primarily driven by a rising consumer disposable income and widespread shift in consumer behavior.