New Research Report on Global Health Drinks Market is expected to grow at a CAGR of 4.9% over the Forecast Period (2021 – 2029), owing to the Growing Awareness and Increasing Health Consciousness among Consumers in Regions like North America, Europe and the Asia Pacific, says Absolute Markets Insights. The increasing health consciousness among consumers of both developed and developing nations such as United States, France, Germany, China and India amongst others is influencing the growth of the health drinks market across the globe. For instance, according to studies by National Center for Biotechnology Information, 20% of daily energy intake across adults in the United States are contributed by the consumption of beverages throughout the day. Weight management drinks have observed a significant growth across United States owing to the rising awareness of adverse health impacts of obesity. For instance, according to a study by Centers for Disease Control and Prevention (CDC) in 2019, 71.6% of adults in United States, who are aged 20 are older, were identified to be overweight. This has influenced lifestyle changes such as including exercises in daily activities and incorporating healthy food and drinks in their diet, thereby, contributing towards the growth of global health drinks market.
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In terms of revenue, global Health Drinks Market was valued at US$ 254.53 Bn in 2019 and is anticipated to grow at a CAGR of 4.9% over the forecast period (2020 – 2028). The study analyses the market in terms of revenue across all the major regions, which have been bifurcated into countries.
The detailed research study provides qualitative and quantitative analysis of global health drinks market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- Consumption of functional beverages across the globe have experienced a significant rise over the years. The segment witnessed a substantial share in 2019 in the global health drinks market.
- Market participants are increasingly focusing on online channels of distributions, specifically amidst the outbreak of the Covid-19 pandemic. Brands including PepsiCo are placing their new products for sale on their website and online retailer platforms to ensure reach to a wider consumer group.
- Asia Pacific is expected to register highest CAGR over the forecast period. The rising investments by global players to expand their business across the region is expected to influence the growth of the Asia Pacific Health Drinks Market over the forecast period.
- Some of the players operating in the global Health Drinks Market are Britvic PLC, Danone, Fonterra Co-operative Group Limited, Glanbia plc, Hain Celestial, Keurig Dr Pepper Inc., Maspex, Monster Energy Company, Nestle, PepsiCo Inc., Primo Water Corporation, Rakyan Beverages, RED BULL, REG, SUJA LIFE, LLC, The Coca-Cola Company, The Kraft Heinz Company, and Upbeat amongst others.
Global Health Drinks Market:
By Type
- Dairy and Dairy Alternative/Plant-based Beverages
- Fresh/Natural Milk
- Flavored Milk
- Drinkable Yogurt
- Others
- Functional Beverages
- Energy Drinks
- Sports Beverages
- Nutrient Enhanced Drinks
- Protein Drinks
- Others Functional Beverages
- Functional Water
- Others
By Application
- Heart Health
- Weight Management
- Sports and Fitness
- Bone and Joint Health
- Immune Health
- Digestive Health
- Brain Health
- Stress and Fatigue
- Energy
- Others
By Consumer Group
- Infants
- Children
- Adolescents
- Adults
- Elderly
By Distribution Channel
- Online
- Offline
- Specialty Stores
- Pharmacies
- Sports Clubs and Gyms
- Convenience Stores
- Supermarket and Hypermarket
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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