Europe Functional Drinks Market Databank
The Functional Drinks market was valued at $7,690.0 Million in 2020, and is projected to reach $14,687.8 Million by 2029 growing at a CAGR of 7.50% from 2021 to 2029. Energy drinks segment is expected to be the highest contributor to this market, with $3,269.1 Million in 2020, and is anticipated to reach $6,299.9 Million by 2029, registering a CAGR of 7.61%. Energy drinks and Nutraceutical drinks segments collectively expected to account for about 79.3% share of the Functional Drinks market in 2020, with the former constituting around 42.5% share. Energy drinks and Sports drinks segments are expected to witness significant growth rates at a CAGR of 7.61% and 7.61% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 63.3% in the overall Functional Drinks market in 2020, and is anticipated to reach 63.8% by 2029.
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