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A functional beverage is a conventional liquid food marketed to highlight specific product ingredients or supposed health effects. [1] [2]Beverages marketed as "functional" include dairy drinks, sports and performance drinks, energy drinks, ready-to-drink teas, kombucha, "smart" drinks, fortified fruit drinks, plant milks, and enhanced water.
The functional beverage market size, valued at USD 164,058 million in 2023, is projected to exceed USD 277,744 million by 2033, with a CAGR of 5.4%. The global beverage emulsion market size is estimated to be worth USD 526.5 million by the end of 2023 and is expected to reach USD 754 million by 2033, growing at a 4.3% CAGR.
Welcome to the frenzy of functional beverages – drinks designed to do more than just taste good or hydrate. ... That was faster than the 43% growth for the non-alcoholic beverage market overall ...
Sports drinks are included within the functional drinks market. Within the functional drinks category, sports and energy drinks account for the largest volume growth. [20] These drinks have experienced exponential growth of more than 240% in the United States of America and around the world from the years 2004 to 2009. [20]
An energy drink is a type of functional beverage containing stimulant compounds, usually caffeine, ... with a market share of approximately 47% in 2005. [27]
In 2009, in the United Kingdom, 60% of households regularly bought probiotic drinks. The market there is currently worth £164m per year. [5] Consumers are willing to pay for products that provide health benefits. [26] Activia products, that are considered as functional foods, are priced about two dollars higher than other yogurts.
The global booze-free drinks market could surpass $1.7 trillion by 2028. ... This booming market is a far cry from just a few short years ago, one industry expert told Yahoo Finance.
Functional mushrooms are having a moment. We rounded up 10 adaptogenic coffees, teas, hot chocolates, and ready-to-drink beverages that should be on your radar.