Global Functional Beverages market [2016-2023] by Europe

Market Dynamics

Rest of Europe accounted for the largest market share in 2017 in the Europe functional beverages market, and is expected to reach USD 19.60 Billion in 2023 from USD 13.95 Billion in 2017. However, France is the fastest growing market, which is expected to grow at a CAGR of 6.98% during the forecast period 2018 - 2023. sports beverages segment accounted for the largest market share in 2017, this market is expected to reach USD 20.04 Billion in 2023 from USD 13.87 Billion in 2017. This market is projected to grow at a CAGR of 6.38% during the forecast period from 2018 - 2023. However, functional fruit and vegetable juices segment is the fastest growing market, which is expected to grow at a CAGR of 6.67% during the forecast period 2018 - 2023. store based segment accounted for the larger market share in 2017, this market is expected to reach USD 55.61 Billion in 2023 from USD 39.27 Billion in 2017. This market is projected to grow at a CAGR of 6.02% during the forecast period from 2018 - 2023.

However, non store based segment is the fastest growing market, which is expected to grow at a CAGR of 6.82% during the forecast period 2018 - 2023. health and wellness segment accounted for the largest market share in 2017, this market is expected to reach USD 30.00 Billion in 2023 from USD 21.31 Billion in 2017. This market is projected to grow at a CAGR of 5.92% during the forecast period from 2018 - 2023. However, energy and rejuvenation segment is the fastest growing market, which is expected to grow at a CAGR of 6.66% during the forecast period 2018 - 2023.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.