Europe Functional Beverages Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Energy Drinks, Sports Drinks, Fortified Juices, Functional Water, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
The functional beverages market in Europe is expected to grow from US$ 16,691.41 million in 2021 to US$ 28,332.51 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
Over the past few years, awareness regarding health and nutrition has increased significantly. Because of hectic work schedules and extended working hours, people cannot concentrate on their health and fitness, leading to various health issues such as obesity, diabetes, eye problems, and skin problems. Therefore, people increasingly prefer food and beverages which offer nutritional health benefits. People are altering their dietary habits and including nutrient-enriched food and beverages. Functional beverages contain minerals, vitamins, amino acids, dietary fibers, and probiotics that enhance the overall physical state of the human body and reduce the risk of disease progression. Functional beverages are an instant energy source and are usually consumed by sportspersons and athletes. The increased participation of people in sports and fitness activities has also fueled the demand for functional beverages as they help in improving athletic performance. Furthermore, it helps in keeping the body well-hydrated. Moreover, manufacturers employ probiotic ingredients in the beverages, which help improve gut health. Functional beverages are replacing conventional sugar-dense beverages as health concerns have increased significantly. Furthermore, functional beverages are growing in popularity among young consumers because they are convenient and have high nutritional value. Moreover, many brands of functional beverages are available at multiple retail stores, which further increases their adoption among consumers. Thus, the rising health consciousness and the surging demand for beverages that offer functional benefits are driving the functional beverages market growth in Europe.
Europe Functional Beverages Market Revenue and Forecast to 2028 (US$ Million)
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Europe Functional Beverages Market Segmentation
The Europe functional beverages market is segmented into type, distribution channel, and country. Based on type, the Europe functional beverages market is segmented into energy drinks, sports drinks, fortified juices, functional water, and others. In 2020, the energy drinks segment held the largest share of the market. Based on distribution channel, the Europe functional beverages market is segmented into supermarkets and hypermarkets, online retail, and convenience stores. In 2020, the convenience stores segment held the largest share of the market. Similarly, based on country, the Europe functional beverages market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. Furthermore, the Rest of Europe contributed a substantial share in 2020.
CAMPBELL SOUP COMPANY; Danone S.A.; GENERAL MILLS, INC.; KRAFT Foods; Monster Energy Company; Nestlé; PepsiCo; Red Bull; The Coca-Cola Company; and The Wonderful Company LLC are among the leading companies operating in the Europe functional beverages market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Europe Functional Beverages Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. Europe Functional Beverages Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Beverages with Functional Benefits
5.1.2 Surging Healthcare Expenditure
5.2 Market Restraints
5.2.1 High Costs of Functional Beverages and Stringent Labelling Norms
5.3 Market Opportunities
5.3.1 Hike in Demand for Plant-based Functional Beverages
5.4 Future Trends
5.4.1 Growing Popularity of Nootropic Beverages
5.5 Impact Analysis of Drivers and Restraints
6. Functional Beverages – Europe Market Analysis
6.1 Europe Functional Beverages Market Overview
6.2 Europe Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Functional Beverages Market Analysis – By Type
7.1 Overview
7.2 Europe Functional Beverages Market Breakdown, By Type, (2020 & 2028)
7.3 Energy Drinks
7.3.1 Overview
7.3.2 Europe Energy Drinks Market Revenue Forecasts to 2028 (US$ Million)
7.4 Sports Drinks
7.4.1 Overview
7.4.2 Europe Sports Drinks Market Revenue Forecasts to 2028 (US$ Million)
7.5 Fortified Juices
7.5.1 Overview
7.5.2 Europe Fortified Juices Market Revenue Forecasts to 2028 (US$ Million)
7.6 Functional Water
7.6.1 Overview
7.6.2 Europe Functional Water Market Revenue Forecasts to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Europe Others Market Revenue Forecasts to 2028 (US$ Million)
8. Europe Functional Beverages Market Analysis – By Distribution Channel
8.1 Overview
8.2 Europe Functional Beverages Market Breakdown, By Distribution Channel, (2020 & 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 Europe Supermarkets and Hypermarkets Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 Europe Convenience Stores Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 Europe Online Retail Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Europe Others Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9. Europe Functional Beverages Market – Country Analysis
9.1 Overview
9.1.1 Europe Functional Beverages Market Breakdown, by Key Countries
9.1.1.1 Germany Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.1.1 Germany Functional Beverages Market Breakdown By Type
9.1.1.1.2 Germany Functional Beverages Market Breakdown by Distribution Channel
9.1.1.2 France Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.2.1 France Functional Beverages Market Breakdown By Type
9.1.1.2.2 France Functional Beverages Market Breakdown by Distribution Channel
9.1.1.3 Italy Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.3.1 Italy Functional Beverages Market Breakdown By Type
9.1.1.3.2 Italy Functional Beverages Market Breakdown by Distribution Channel
9.1.1.4 UK Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.4.1 UK Functional Beverages Market Breakdown By Type
9.1.1.4.2 UK Functional Beverages Market Breakdown by Distribution Channel
9.1.1.5 Russia Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.5.1 Russia Functional Beverages Market Breakdown By Type
9.1.1.5.2 Russia Functional Beverages Market Breakdown by Distribution Channel
9.1.1.6 Rest of Europe Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe Functional Beverages Market Breakdown By Type
9.1.1.6.2 Rest of Europe Functional Beverages Market Breakdown by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 PepsiCo
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 The Coca-Cola Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nestlé
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 The Kraft Heinz Company
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 Key Developments
11.5 GENERAL MILLS, INC.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Danone S.A.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Monster Energy Company
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Red Bull
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 CAMPBELL SOUP COMPANY
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 The Wonderful Company LLC.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 3. Germany Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 4. France Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 5. France Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 6. Italy Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 7. Italy Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 8. UK Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 9. UK Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 10. Russia Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 11. Russia Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 12. Rest of Europe Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 13. Rest of Europe Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Functional Beverages Market Segmentation
Figure 2. Europe Functional Beverages Market Segmentation – By Country
Figure 3. Europe Functional Beverages Market Overview
Figure 4. Europe Functional Beverages Market: By Type
Figure 5. Europe Functional Beverages Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Value Chain: Europe Functional Beverages Market
Figure 9. Europe Functional Beverages Market Impact Analysis of Drivers and Restraints
Figure 10. Europe Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Europe Functional Beverages Market Breakdown by Type, 2020 & 2028 (%)
Figure 12. Europe Energy Drinks Market Revenue Forecasts to 2028 (US$ Million)
Figure 13. Europe Sports Drinks Market Revenue Forecasts to 2028 (US$ Million)
Figure 14. Europe Fortified Juices Market Revenue Forecasts to 2028 (US$ Million)
Figure 15. Europe Functional Water Market Revenue Forecasts to 2028 (US$ Million)
Figure 16. Europe Others Market Revenue Forecasts to 2028 (US$ Million)
Figure 17. Europe Functional Beverages Market Breakdown by Distribution Channel, 2020 & 2028 (%)
Figure 18. Europe Supermarkets and Hypermarkets Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
Figure 19. Europe Convenience Stores Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
Figure 20. Europe Online Retail Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
Figure 21. Europe Others Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
Figure 22. Europe Functional Beverages Market, by key Country Revenue (2020) (US$ Million)
Figure 23. Europe Functional Beverages Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 24. Germany Functional Beverages Market Forecasts to 2028 (US$ Million)
Figure 25. France Functional Beverages Market Forecasts to 2028 (US$ Million)
Figure 26. Italy Functional Beverages Market Forecasts to 2028 (US$ Million)
Figure 27. UK Functional Beverages Market Forecasts to 2028 (US$ Million)
Figure 28. Russia Functional Beverages Market Forecasts to 2028 (US$ Million)
Figure 29. Rest of Europe Functional Beverages Market Forecasts to 2028 (US$ Million)
- CAMPBELL SOUP COMPANY
- Danone S.A.
- GENERAL MILLS, INC.
- KRAFT Foods
- Monster Energy Company
- Nestlé
- PepsiCo
- Red Bull
- The Coca-Cola Company
- The Wonderful Company LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Functional Beverages Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe Functional Beverages Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Functional Beverages Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution