Functional Beverage Market in Europe 2022-2026

Functional Beverage Market in Europe 2022-2026

Technavio has been monitoring the functional beverage market in Europe and it is poised to grow by $ 13.95 bn during 2022-2026, progressing at a CAGR of 8.25% during the forecast period. Our report on the functional beverage market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by the health benefits of functional beverages and new product launches. In addition, the health benefits of functional beverages is anticipated to boost the growth of the market as well.

The functional beverage market in Europe analysis includes the product segment and geographic landscape.

Technavio's functional beverage market in Europe is segmented as below:

By Product

• Energy drinks
• Sports drinks
• Fortified juice
• Others

By Geographical Landscape

• Germany
• UK
• France
• Spain
• Rest of Europe

This study identifies the increasing consumption by millennialsas one of the prime reasons driving the functional beverage market growth in Europe during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on functional beverage market in Europe covers the following areas:

• Functional beverage market sizing
• Functional beverage market forecast
• Functional beverage market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional beverage market vendors in Europe that include Danone SA, Energy Beverages LLC, Fonterra Co operative Group Ltd., Monster Energy Co., Nestle SA, PepsiCo Inc., Red Bull GmbH, Starbucks Coffee Co., The Coca-Cola Co., and The Kraft Heinz Co. Also, the functional beverage market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.