Global Nutritional Beverages Market Size To Worth USD 13.53 Billion By 2033 | CAGR of 8.29%
Category: Food & BeveragesGlobal Nutritional Beverages Market Size To Worth USD 13.53 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Nutritional Beverages Market Size is to Grow from USD 6.10 Billion in 2023 to USD 13.53 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 8.29% during the projected period.
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Browse key industry insights spread across 229 pages with 105 Market data tables and figures & charts from the report on the "Global Nutritional Beverages Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Protein Shake, Meal Replacement Drinks, Enhanced Waters, Functional Juices, and Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Specialty Stores, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/nutritional-beverages-market
Nutritional beverages, often known as dietary beverages, are non-alcoholic liquids that provide a balanced diet and can help maintain or improve health. Consumers' increasing health consciousness, as well as the increased prevalence of chronic diseases, are significant growth drivers for the business. As people grow more aware of the benefits of a well-balanced diet, they're turning to healthy beverages to supplement their daily nutritional needs. One of the primary growth drivers in the nutritional beverage market is increased awareness of health and well-being. People are placing a greater emphasis on their health as lifestyle-related diseases such as obesity, diabetes, and cardiovascular disease become more common around the world. However, the lack of food control facilities and amenities in developing countries will impede market progress.
The protein shake is expected to hold the biggest market share during the projection period.
Based on the product type, the global nutritional beverages market is categorized into protein shake, meal replacement drinks, enhanced waters, functional juices, and others. Among these, the protein shake is expected to hold the biggest market share during the projection period. Protein shakes are one of the most popular aspects of the growing fitness trend, as well as the increased number of health clubs and fitness centers. Protein shakes are popular with athletes and fitness enthusiasts for muscle recovery and energy replenishment. The emergence of plant-based protein sources has also made the industry more appealing to vegan and vegetarian consumers.
The supermarkets/hypermarkets are expected to dominate the market during the projection period.
Based on the distribution channel, the global nutritional beverages market is categorized into supermarkets/hypermarkets, convenience stores, online retail, specialty stores, and others. Among these, the supermarkets/hypermarkets are expected to dominate the market during the projection period. Supermarkets and hypermarkets have a significant market share due to their broad reach and diverse product offers. These retail establishments provide a convenient shopping experience by letting customers discover a variety of brands and product types in one area. Large shelf space and advertising activities in supermarkets and hypermarkets contribute to improved product visibility and consumer awareness.
North America is projected to hold the biggest share of the global nutritional beverages market over the forecast period.
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North America is a big market for nutritional beverages due to high consumer awareness and purchasing power. The area accounted for a substantial percentage of the market, with an increasing demand for health and wellness products. The United States, in particular, is a sizable market with an established infrastructure for the health and fitness industries. The presence of major rivals and continual product innovation encourage market expansion in North America. The region is expected to grow steadily over the forecast period, aided by rising consumption of plant-based and functional beverages.
Asia-Pacific is predicted to grow fastest pace throughout the forecast period. The Asia-Pacific region is expected to develop at the quickest rate over the projected period, owing to factors such as greater urbanization, rising disposable incomes, and growing health awareness. Countries like China and India are becoming key markets due to their large populations and improving economic conditions.
Major vendors in the global nutritional beverages market include Labcorp Drug Development, Danone, Mead Johnson & Company, LLC., PepsiCo, Inc, Nestlé, The Kraft Heinz Company, General Mills, ADM, B. Braun Melsungen AG, Abbott, Thermo Fisher Scientific Inc., BASF SE, DuPont, Eurofins Scientific, Bureau Veritas S.A, ALS Ltd, Mérieux Nutrisciences Corporation, Asurequality Ltd., TUV Nord Group, Bureau Veritas, and Others.
Recent Developments
- In November 2024, Akums Drugs and Pharmaceuticals stated that its wholly owned subsidiary Maxcure Nutravedics has entered into a collaborative agreement with Jagdale Industries to market ready-to-drink nutritional beverages.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global nutritional beverages market based on the below-mentioned segments:
Global Nutritional Beverages Market, By Product Type
- Protein Shakes
- Meal Replacement Drinks
- Enhanced Waters
- Functional Juices
- Others
Global Nutritional Beverages Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Specialty Stores
- Others
Global Nutritional Beverages Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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