Global Nutritional Beverages Market Insights Forecasts to 2033

• The Global Nutritional Beverages Market Size was Valued at USD 6.10 Billion in 2023
• The Market Size is Growing at a CAGR of 8.29% from 2023 to 2033
• The Worldwide Nutritional Beverages Size is Expected to Reach USD 13.53 Billion by 2033
• Asia-Pacific is expected to grow the fastest during the forecast period.

The Global Nutritional Beverages Market Size is anticipated to Exceed USD 13.53 Billion by 2033, Growing at a CAGR of 8.29% from 2023 to 2033.

Market Overview:

Nutritional beverages, often known as dietary beverages, are non-alcoholic drinks that offer an appropriate diet and can help maintain or enhance health.  Consumers' growing health consciousness and the rising frequency of chronic diseases are important growth drivers for the industry. As consumers become more aware of the benefits of a well-balanced diet, they are increasingly turning to nutritious beverages to augment their daily nutritional requirements. The growing awareness of health and well-being is one of the key growth drivers in the nutritional beverages industry. People are increasingly emphasizing their health as lifestyle-related disorders such as obesity, diabetes, and cardiovascular conditions become more prevalent worldwide. Nutritional beverages, which are high in important nutrients, vitamins, and minerals, offer consumers an easy method to maintain a healthy diet.

Report Coverage:

This research report categorizes the market for the global nutritional beverages market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global nutritional beverages market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global nutritional beverages market.

Driving Factors:

The expanding popularity of healthy drinks among young people, as well as market companies' aggressive marketing strategies to extend their consumer bases, are expected to intensify industry growth. Furthermore, expanding urbanization and increased disposable income will boost market value growth. Furthermore, the rise of the global processed food industry, the application of food labeling, and economic development around the world would moderate the growth rate of the nutritional beverages market.

Restraining Factors:

The absence of food control facilities and amenities in developing nations will hinder the market's expansion. On the other side, the market is expected to be impeded by the increased usage of artificial flavors and preservatives.

Market Segmentation:

The global nutritional beverages market share is classified into product type and distribution channel.

• The protein shake is projected to hold the largest share of the market during the forecast 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 projected to hold the largest share of the market during the forecast period. Protein shakes are one of the most popular segments of the expanding fitness trend and the increased number of health clubs and fitness facilities. Protein shakes are popular among athletes and fitness enthusiasts for muscle rehabilitation and energy replenishment. The introduction of plant-based protein sources has also increased the market's attractiveness to vegan and vegetarian consumers.

• The supermarkets/hypermarkets are expected to hold the biggest share of the market over the forecast 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 hold the biggest share of the market over the forecast period.              Supermarkets and hypermarkets have a substantial market share due to their extensive reach and various product offerings. These retail outlets offer a convenient shopping experience by allowing customers to discover multiple brands and product kinds in one location. Large shelf space and promotional activity in supermarkets and hypermarkets help to increase product visibility and consumer awareness.

Regional Segment Analysis of the Global Nutritional Beverages Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is projected to hold the largest share of the global nutritional beverages market over the forecast period.

North America is a significant market for nutritional beverages, owing to strong consumer awareness and buying capability. The region accounted for a sizable portion of the market, with a growing desire for health and wellness items. The United States, in particular, is a significant market with a well-developed infrastructure for the health and fitness industries. The presence of significant competitors and ongoing product innovation promote market expansion in North America. The region is predicted to rise steadily during the projection period, aided by increased consumption of plant-based and functional beverages.

Asia-Pacific region is also expected to fastest CAGR growth during the forecast period. The Asia-Pacific region is predicted to experience the fastest growth rate throughout the forecast period, owing to factors such as increased urbanization, rising disposable incomes, and expanding health awareness. Countries such as China and India are developing as important markets due to their vast populations and improving economic conditions.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global nutritional beverages market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies:

• Labcorp Drug Development
• Danone
• Mead Johnson & Company, LLC.
• PepsiCo, Inc
• Nestle
• 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
• Merieux Nutrisciences Corporation
• Asurequality Ltd.
• TUV Nord Group
• Bureau Veritas
• Others

Key Market Developments:

• In November 2024, Akums Drugs and Pharmaceuticals announced that its wholly owned subsidiary Maxcure Nutravedics has signed a collaboration 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