Functional beverages are one of the emerging industries that are developing rapidly with the rapid improvement of people's living standards. As a market segment of health food and beverages, functional beverages usually refer to non-traditional ingredients of non-alcoholic beverages containing minerals, vitamins, amino acids, dietary fiber, probiotics and adding various kinds of fruits.

Energy beverages, sports beverages and functional bottled water belong to the category of functional beverages, which have shown a huge growth trend in recent years. The functional beverages market is the largest and fastest growing part of functional foods field. The rapid growth in production and consumption of functional beverages is mainly due to the advancement of the urbanization, the increase in household income, the growing health problems and the positive effects on health promotion.

From a region perspective, the functional beverages market is divided into the Asia-Pacific region, North America (the United States, Canada, Mexico), Western Europe, Eastern Europe, the Middle East and North Africa, and other regions of the world including Latin America and South Africa. North America is the largest market with innovative beverages customized for all ages and classes; followed by regions such as Asia-Pacific and Europe. According to a research report by Research and Markets, the global functional foods and beverages market in 2020 is estimated to be 149.4 billion USD, and is expected to reach 229.1 billion USD by 2027. During the analysis period (2020-2027), the market will grow at a compound annual growth rate of 6.3%. Functional beverages are one of segment markets analyzed in the report, it is estimated that by 2027, the compound annual growth rate will reach 7.2% and the total market will reach 83.2 billion USD.

Among them, in 2020, the functional foods and beverages market of the United States is estimated to be 51.8 billion USD. As the second largest economy of the world, the market size of China is expected to reach 29.8 billion USD by 2027 and the compound annual growth rate will reach 10.3% during 2020-2027. Other notable regional markets include Japan and Canada, which are expected to grow at a compound annual growth rate of 4.3% and 5.3% during 2020-2027. Germany is expected to grow at a compound annual growth rate of approximately 5.4%.

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Source: China Food Newspaper

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