Global Health Drink Market Size, Trends and Growth Opportunity, By Types (Fruit Juices, Nutritional Drinks, Functional Drinks and Others), By Distribution (Online Retail, Supermarket/Hypermarket, Specialty Stores, Convenience Stores and Others), By Region and Forecast Till 2027.
Global Health Drink Market
The global health drink market was valued at US$ 498.10 billion in 2021 and it is expected to reach at US$ 928.40 billion in 2027 at a CAGR of 7.8% during forecast period 2022-2027.
Consumers have become more health-conscious, as they are inclining towards traditional soft drinks. Health drinks refer to beverages which provide superior nutrition, usually made from fruits and vegetables. It is one of the fastest-growing markets in the world. They are available in dairy and non -dairy form if consumed in appropriate quantity it provides nutritional value and health benefits.
Market Drivers
Increasing heath complication and concern about obesity the demand for health beverages increasing at a considerable rate, health drink manufacturer increased brand awareness about the wide range of their health beverages. Consumption of health drinks also decreases risk of development of diseases.
Market Restraints
The use of preservatives such as phosphoric acid to give fruit juices their tangy taste can lead to reduction of bone-density, hampering the growth of the market. Although preservatives in health drink increases its self-life but artificial preservatives such as benzoates can cause serious health problems.
COVID-19 Impact on Health Drink Market
With the outbreak of covid-19 consumers are looking for food and beverages products that provide nutritional value and boost immunity. But due to stringent regulation and lockdown imposed by government supply chain disrupted however, adoption of healthy eating and drinking habit influence the growth of health drink market.
Market Segmentation
The global health drink segmented on the basis of type health drink segmented into fresh packaged fruit juices, Nutritional drinks, Functional drinks and others. On the basis of distribution channel it segmented into online retail, supermarket/hypermarket, specialty stores, convenience stores and others.
Regional Analysis
The global health drink market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Asia –Pacific dominates the global health drink market as it holds 40% market of global health drink. Counties like India, Japan and China witnessed a significant growth in the forecast period. North America is the second-largest market for health drink as it holds 30% market share globally.
Key Players
Various key players are listed in this report such as Nestle, Upbeat Drinks, Rakyan Beverages, Viva Drinks, Suja Life, LLC, Glaxo Smith Kline, Modelez International, Timbucha Kombucha, Oy Karl Fazer Ab, GCMMF
Market Taxonomy
By Types
Fresh packaged fruit juices
Nutritional drinks
Functional drinks
Others
By Distribution channel
Online retail
Supermarket/hypermarket
Specialty Stores
Convenience stores
Others.
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Health Drink Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook