Leading Functional Drinks Country Markets 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. Europe is expected to be the highest contributor to this market, with $2,868.4 Million in 2020, and is anticipated to reach $5,630.5 Million by 2029, registering a CAGR of 7.82%. Asia-Pacific is anticipated to reach $4,897.1 Million by 2029 with the highest CAGR of 9.01%. Europe and Asia-Pacific collectively expected to account for about 66.7% share of the Functional Drinks market in 2020, with the former constituting around 37.3% share. Asia-Pacific and Europe are expected to witness significant growth rates at a CAGR of 9.01% and 7.82% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 66.7% in the overall Functional Drinks market in 2020, and is anticipated to reach 71.7% by 2029.
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