Australia & New Zealand Dried Fruits MARKET By Application
Global Functional Beverages market [2016-2023] by Type
By Type, the market is segmented into Energy Drinks, Functional Fruit and Vegetable Juices, Sports Beverages, Prebiotic and Probiotic Drinks, Functional Dairy Products, Dairy Alternative Beverages, and Others (2016-2023)
| Label | Energy Drinks | Functional Fruit and Vegetable Juices | Sports Beverages | Prebiotic and Probiotic Drinks | Functional Dairy Products | Dairy Alternative Beverages | Others |
|---|---|---|---|---|---|---|---|
| 2016 | 33.68327497 USD Bn | 27.71138155 USD Bn | 40.67387197 USD Bn | 12.85807457 USD Bn | 22.7399226 USD Bn | 4.413935139 USD Bn | 8.8995392 USD Bn |
| 2017 | 35.7525711 USD Bn | 29.52099869 USD Bn | 43.19875378 USD Bn | 13.68385239 USD Bn | 24.01468105 USD Bn | 4.596364532 USD Bn | 9.347068452 USD Bn |
| 2018 | 38.02055555 USD Bn | 31.50737701 USD Bn | 45.96681959 USD Bn | 14.59030082 USD Bn | 25.40905197 USD Bn | 4.795082344 USD Bn | 9.83224584 USD Bn |
| 2019 | 40.46862914 USD Bn | 33.67019319 USD Bn | 48.97306012 USD Bn | 15.57793981 USD Bn | 26.9147362 USD Bn | 4.996184206 USD Bn | 10.35742575 USD Bn |
| 2020 | 43.11137355 USD Bn | 36.01157039 USD Bn | 52.21562349 USD Bn | 16.64296419 USD Bn | 28.52869801 USD Bn | 5.221738161 USD Bn | 10.9160983 USD Bn |
| 2021 | 45.99509239 USD Bn | 38.5794331 USD Bn | 55.75685255 USD Bn | 17.8113489 USD Bn | 30.28524308 USD Bn | 5.469473595 USD Bn | 11.50392445 USD Bn |
| 2022 | 49.15089469 USD Bn | 41.395464 USD Bn | 59.64724733 USD Bn | 19.08853591 USD Bn | 32.19502752 USD Bn | 5.742669212 USD Bn | 12.12828231 USD Bn |
| 2023 | 52.57681082 USD Bn | 44.46750955 USD Bn | 63.88498048 USD Bn | 20.48229981 USD Bn | 34.26129034 USD Bn | 6.035826293 USD Bn | 12.77442402 USD Bn |
Data Source: Wantstats Repository
Market Dynamics
sports beverages segment accounted for the largest market share in the functional beverages market, and is expected to reach USD 63.88 Billion in 2023 from USD 43.20 Billion in 2017. However, functional fruit and vegetable juices segment is the fastest growing market, which is expected to grow at a CAGR of 7.13% 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.
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