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Market Overview of Global Functional Powder Drinks Concentrates market:
According to our latest research, the global Functional Powder Drinks Concentrates market looks promising in the next 5 years. As of 2022, the global Functional Powder Drinks Concentrates market was estimated at USD 1704.69 million, and it's anticipated to reach USD 2654.04 million in 2028, with a CAGR of 7.66% during the forecast years.
A fast-growing sector of the global beverage industry, the functional drinks market is being driven by consumers seeking specific health benefits from their foods and beverages. Functional drinks, however, are beverages with health benefits beyond their nutritional value, positively affecting one or more target functions in the body or mind to achieve an improved state of health and well-being.
Functional powder drink concentrates are being marketed as products that have additional ingredients to provide a wide range of health-related benefits. The presence of ingredients like vitamins, minerals, herbs, antioxidants, amino acids, and beneficial bacteria helps improve digestive health, and intestinal flora and gut function; improve mental strength; enhance immune system; improve heart rate, and aid in providing hydration and electrolyte replenishing benefits post exercise.
One of the primary drivers for this market is the rise in the awareness of the health-related benefits of functional drinks among consumers. It has been observed that the number of health-conscious people, globally, is increasing at a constant rate. This can be attributed to the increasing occurrences of health issues such as obesity and weak immune systems among the global population. As such, the demand for protein-rich food and beverages such as dietary supplements, functional powder drink concentrates, and ready meals that offer the optimal amount of nutrition is increasing. This has given an opportunity to the manufacturers of functional powder drink concentrates the opportunity to market their products using various health claims, thereby, targeting the expanding health-conscious population base. This rise in the health-conscious population will propel the growth of the global functional powder drink concentrates market during the forecast period.
Asia Pacific has emerged as a major revenue contributor to the global drink market, supported by increased revenue generated by supply of drink products via online medium & shipments by various Asia Pacific drinks producing countries including India, Malaysia, Vietnam & Philippines.
The demand for functional powder drink concentrates is increasing in the Americas, primarily due to the increasing health consciousness among consumers and the convenience offered by these products. Moreover, the increasing spending on functional foods in the Americas will also help in the market's grow during the forecast period.
Europe had the highest growth rate of all regions.
Nestle is one of the major players operating in the Functional Powder Drinks Concentrates market, holding a share of 17.13% in 2018.
Nestlé S.A., together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; Nestlé Waters; and Nestlé Nutrition segments. It offers baby foods under the Cerelac, Gerber, Gerber Graduates, NaturNes, and Nestum brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Chocapic, Cini Minis, Cookie Crisp, Estrelitas, Fitness, and Nesquik Cereal brands; and chocolate and confectionery products under the Smarties, Cailler, Butterfinger, Crunch, Aero, KitKat, Nestle Toll House, Wonka, and Orion brands.
Mondelez International, Inc., through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products.
By type, Functional Powder Drink Concentrates (With Added Sugar) segment accounted for the largest share of market in 2021.
By application, the Supermarkets and Hypermarkets segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Functional Powder Drinks Concentrates market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Functional Powder Drinks Concentrates Market Report:
Market Size Estimates: Functional Powder Drinks Concentrates market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Functional Powder Drinks Concentrates market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Functional Powder Drinks Concentrates market
Segment Market Analysis: Functional Powder Drinks Concentrates market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Functional Powder Drinks Concentrates market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Functional Powder Drinks Concentrates Market: Revenue and sales volume of major countries in each region
Functional Powder Drinks Concentrates Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Functional Powder Drinks Concentrates market in major regions.
Functional Powder Drinks Concentrates Industry Value Chain: Functional Powder Drinks Concentrates market raw materials & suppliers, manufacturing process, distributors, downstream customers
Functional Powder Drinks Concentrates Industry News, Policies & Regulations
Key players in the global Functional Powder Drinks Concentrates market are covered in Chapter 12:
In Chapter 2 and Chapter 15.1, based on types, the Functional Powder Drinks Concentrates market from 2018 to 2028 is primarily split into:
Functional Powder Drink Concentrates (With Added Sugar)
Sugar-Free Functional Powder Drink Concentrates
In Chapter 3 and Chapter 15.2, based on applications, the Functional Powder Drinks Concentrates market from 2018 to 2028 covers:
Supermarkets and Hypermarkets
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
Asia-Pacific (Covered in Chapter 8)
Europe (Covered in Chapter 9)
Latin America (Covered in Chapter 10)
Middle East and Africa (Covered in Chapter 11)
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Functional Powder Drinks Concentrates market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028