Fortified Beverages Market Research Report - Forecast to 2027

Fortified Beverages Market Information- by Nutrients Type (Minerals, Vitamins and others), Product Type (Non-Alcoholic, Alcoholic), Distribution Channel (Store Based and Non-Store Based) and Region - Forecast to 2027

ID: MRFR/F-B & N/2174-HCR | February 2021 | Region: Global | 110 Pages         

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the study

2.2.1 Research Objectives

2.2.2 Assumptions

2.2.3 Limitations

2.3 Markets Structure

2.4 Stakeholders

3 Research methodology

3.1 Research application

3.2 Secondary research

3.3 Primary research

3.4 Forecast model

3.5 Market Size estimation

4 MARKET DYNAMICS

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5 MARKET TRENDS

5.1 Trends in Supply/Production

5.2 Trends in Demand/Consumption

5.3 Emerging Markets (Supply & Demand)

5.4 Emerging Brands

5.5 Trade (Import-export) Analysis

5.6 Innovations in Products/application

5.7 Macroeconomic indicators Analysis for top 5 Producing countries

6 MARKET FACTOR ANALYSIS

6.1 Introduction

6.2 Value chain analysis

6.3 Porter’s five forces

6.4 Supply Chain Analysis

7. MARKET-By Nutrition Type

7.1 Introduction

7.2 Market size (sub segments)

7.2.1 Minerals

7.2.1.1 Zinc

7.2.1.2 Folic Acid

7.2.1.3 Copper

7.2.1.4 Iron

7.2.1.5 DHA

7.2.1.6 Others

7.2.2 Vitamins

7.2.2.1 Vitamin A

7.2.2.2 Vitamin C

7.2.2.3 Vitamin D

7.2.2.4 Others

7.2.3 Others

8. MARKET-By Product Type

8.1 Introduction

8.2 Market size (sub segments)

8.2.1 Non- Alcoholic

8.2.1.1 Fruit Juices

8.2.1.2 Sports Drinks

8.2.1.3 Energy Drinks

8.2.1.4 Milk Based Beverages

8.2.1.5 Mineral water

8.2.1.6 Flavored Instant Mixes

8.2.1.7 Soft Drinks

8.2.1.8 Others

8.2.2 Alcoholic

9. MARKET-By distribution channel

9.1 Introduction

9.2 Market size (sub segments)

9.2.1 Store Based

9.2.2 Non-Store Based

10. MARKET -By Region

10.1 Introduction

10.1.1 North America

10.1.1.1 U.S.

10. 1.1.2 Canada

10.1.1.3 Mexico

10.2 Europe

10.2.1 Introduction

10.2.1.1 Germany

10.2.1.2 France

10.2.1.3 Italy

10.2.1.4 U.K

10.2.1.5 Rest of Europe

10.4 Asia– Pacific

10.4.1 Introduction

10.4.1.1 China

10.4.1.2 India

10.4.1.3 Japan

10.4.1.4 Rest of Asia-Pacific

10.5 RoW

10.5.1 Introduction

10.5.1.1 Brazil

10.5.1.2 Argentina

10.5.1.3 Egypt

10.5.1.4 South Africa

10.5.1.5 Others

11. Competitive landscape

11.1 Introduction

11.2 Product Launch/Development

11.3 Partnerships and collaborations

11.4 Acquisitions

11.5 Business Expansion

12. COMPANY PROFILES

12.1 Danone SA (France)

12.2 Nestle SA (Switzerland)

12.3 The Coco Cola Company (U.S.)

12.4 Abbott Laboratories (U.S.)

12.5 The Boots Company PLC (U.K.)

12.6 Tropicana Products Inc. (U.S.)

12.7 General Mills, Inc. (U.S.)

LIST OF TABLES

TABLE 1 PESTLE ANALYSIS - U.S.

TABLE 2 PESTLE ANALYSIS- IRELAND

TABLE 3 PESTLE ANALYSIS- CHINA

TABLE 4 PESTLE ANALYSIS- JAPAN

TABLE 5 PESTLE ANALYSIS- GERMANY

TABLE 6 KEY SUPPLIERS OF RAW MATERIALS FOR FORTIFIED BEVERAGES

TABLE 7 GLOBAL MARKET FOR FORTIFIED BEVERAGES, BY Nutrition Type, (2020–2027), USD MILLION

TABLE 8 GLOBAL MARKET FOR FORTIFIED BEVERAGES, BY Product Type, (2020–2027), USD MILLION

TABLE 9 GLOBAL MARKET FOR FORTIFIED BEVERAGES, BY Distribution channel, (2020–2027), USD MILLION

TABLE 10 GLOBAL FORTIFIED BEVERAGES SALES AND GROWTH RATE (2020–2027) USD MILLION

TABLE 11 GLOBAL MARKET FOR FORTIFIED BEVERAGES TOP 5 COUNTRIES

TABLE 12 GLOBAL MARKET FOR FORTIFIED BEVERAGES TOP COMPANIES-USD MILLION

TABLE 13 NORTH AMERICAN MARKET FOR FORTIFIED BEVERAGES, BY Nutrition Type, 2020–2027 (USD MILLION)

TABLE 14 NORTH AMERICAN MARKET FOR FORTIFIED BEVERAGES, BY Product Type, 2020–2027 (USD MILLION)

TABLE 15 NORTH AMERICAN MARKET FOR FORTIFIED BEVERAGES, BY Distribution channel, 2020–2027 (USD MILLION)

TABLE 16 EUROPEAN MARKET FOR FORTIFIED BEVERAGES, BY Nutrition Type, 2020–2027 (USD MILLION)

TABLE 17 EUROPEAN MARKET FOR FORTIFIED BEVERAGES, BY Product 2020–2027 (USD MILLION)

TABLE 18 EUROPEAN MARKET FOR FORTIFIED BEVERAGES, BY Distribution channel, 2020–2027 (USD MILLION)

TABLE 19 APAC MARKET FOR FORTIFIED BEVERAGES, BY Nutrition Type, 2020–2027 (USD MILLION)

TABLE 20 APAC MARKET FOR FORTIFIED BEVERAGES, BY Product, 2020–2027 (USD MILLION)

TABLE 21 APAC MARKET FOR FORTIFIED BEVERAGES, BY Distribution channel, 2020–2027 (USD MILLION)

TABLE 22 REST OF THE WORLD MARKET FOR FORTIFIED BEVERAGES, BY Nutrition Type, 2020–2027 (USD MILLION)

TABLE 23 REST OF THE WORLD MARKET FOR FORTIFIED BEVERAGES, BY Product 2020–2027 (USD MILLION)

TABLE 24 REST OF THE WORLD MARKET FOR FORTIFIED BEVERAGES, BY Distribution Channel, 2020–2027 (USD MILLION)

TABLE 25 COMPETITIVE LANDSCAPING BASED ON FINACIALS DURING THE YEAR 2020

TABLE 26 PRODUCTS

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 PRIMARY DATA ANALYSIS APPROACH

FIGURE 3 SECONDARY DATA ANALYSIS APPROACH

FIGURE 4 TREND IN FORTIFIED BEVERAGES IMPORTS 2020

FIGURE 5 GROWTH RATE IN FORTIFIED BEVERAGES IMPORTS 2020

FIGURE 6 FORTIFIED BEVERAGES IMPORTS MARKET SHARE BY TOP 5 IMPORTERS 2020

FIGURE 7 TREND IN FORTIFIED BEVERAGES EXPORTS 2020

FIGURE 8 GROWTH RATE FORTIFIED BEVERAGES EXPORTS 2020

FIGURE 9 FORTIFIED BEVERAGES EXPORTS MARKET SHARE BY TOP 5 EXPORTERS 2020

FIGURE 10 VALUE CHAIN ANALYSIS

FIGURE 11 COST ANALYSIS: FORTIFIED BEVERAGES

FIGURE 12 PORTER’S FIVE FORCES ANALYSIS

FIGURE 13 FORTIFIED BEVERAGES MARKET TRENDS BY Nutrition Type

FIGURE 14 FORTIFIED BEVERAGES MARKET TRENDS BY Product Type

FIGURE 15 FORTIFIED BEVERAGES MARKET TRENDS BY Distribution channel

FIGURE 16 FINANCIALS


Fortified Beverages Market

Fortified Beverages Market Size is expected to cross USD $247 billion by 2030 at a CAGR of 7.50% during the forecast period 2020-2030

Segmentation

by Nutrients Type Minerals Vitamins Others
by Product Type Non Alcoholic Alcoholic
by Distribution Channel Store Based Non Store Based

Key Players

  • Danone SA (France)
  • Nestle SA (Switzerland)
  • The Coco-Cola Company (U.S.)
  • The Boots Company PLC (U.K.)
  • Tropicana Products Inc. (U.S.)
  • General Mills Inc. (U.S)
  • Abbott Laboratories (U.S.)

Drivers

  • Growing health-conscious consumers
  • enhancement of livelihood
  • increasing urbanization
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Fortified Beverages Market Overview:


The fortified Beverages Market is predicted to grow at a CAGR of 7.50% During the Forecast Period. The fortified beverage is a type of healthy drink that offers extra micronutrients. This drink includes essential trace elements and some different vitamins. The process of adding micronutrients to beverages is the fortification of beverages. These are consumed by the different age groups. Fortified beverages provide a diverse range of products that are enriched with several nutrients.


These are available in various types such as energy drinks, fruit juices, flavored powder drinks, sports drinks, flavored milk, mineral water, and soft drinks. Fortified mineral drinks include medicinal properties that offer healing benefits along with the required nutrients to the human body. These fortified beverages can build up a resistance power that is required to the human body and fight against common diseases. Owing to the increased hectic work life, consumers are preferring convenience products to fulfill the nutrition daily required for the human body. 


Covid-19 Analysis of Fortified Beverages Market


Due to the COVID-19 outbreak, various sectors are negatively impacted worldwide. To control the spread of the virus, various stringent regulations are imposed by the government like semi or full lockdown, business sectors and educational sectors off, retail shops shut down, transportation bans, etc. Due to the lockdown, manufacturing sectors are facing issues like lack of raw material, labor death, supply chain disruptions, and many more, and hence it leads to stoppage of production.


The fortified beverages market is also drastically impacted in the first two quarters of 2020 due to the supply chain disruptions, manufacturing stoppage, and retailer shops shutdowns. Thus, the demand for the fortified beverages industry decreases. But later the pandemic situation increases the awareness among the consumers regarding healthy food that includes nutrients, vitamins, minerals, and proteins. Rapidly the fortified beverages market growth increases as the fortified beverages build up a resistive power in the human body which is very essential in this pandemic situation. Due to the strong initiatives of few organizations like the World Health Organization (WHO) and Food and Agriculture Organization, the fortified beverages industry is again regaining its demand for providing healthy nutrients and minimizing malnutrition.


Market Dynamics


Drivers


Growing health-conscious consumers and the enhancement of livelihood in developing economies are expected to drive the market during the assessment period. Growing per capita disposable income in developing economies along with the increasing urbanization is predicted to propel the growth of the market. These beverages are available in various packaging solutions and pouches are the most attractive packaging solution which increases the demand for the fortified beverages market. Health concerns coupled with growing disease incidences are the major driving factor of the market.


Restraint


Regular up and downs in raw material prices are restraining the market growth.  Taking nutrition beyond the required level leads to obesity and increased blood pressure is hampering the global market growth.


Opportunities


The constant growth in the agriculture industry and food processing industry may allow key players to invest in the fortified beverages market. Growing demand for innovative products such as plant-based and lactose-free beverage products may propel market growth. The inclusion of CBD-infused functional beverages is predicted to create an opportunity to increase the growth of the global market. 


Challenges


Nutrient’s fortifications may cause related side effects may act as a challenge to the fortified beverages market. There is a chance of eatables may deliver a toxic amount of nutrients.


Study Objectives



  • To provide detailed information about the fortified beverages industry structure along with various forecast segments and sub-segments for the next 10 years.

  • To provide the factors that are affecting the growth of the fortified beverages industry value.

  • To analyze the fortified beverages industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the fortified beverages industry revenue for the main geographies.

  • To provide the country-level analysis of the current global market size and future prospective. 

  • To provide country-level analysis of the fortified beverages industry growth by region, form, and application.

  • To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a global market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global market research.


Segment Overview


The global fortified beverages market has been divided into segments based on nutrients, product type, distribution channel, and region.


Based on Product Type


By product type, the global fortified beverages market is divided into two types as alcoholic beverages and non-alcoholic beverages. Again, non-alcoholic beverages are sub-segmented into sports drinks, fruit juices, energy drinks, bottled water, flavored milk products, flavored powder drinks, soft drinks, and others.


Based on Nutrients


Based on the nutrients, the global fortified beverages market is classified into two types as mineral and vitamin. Again, the mineral segment is sub-segmented into zinc, folic acid, copper, iron, DHA, and others. Apart, the vitamin segment is sub-segmented into Vitamin A, Vitamin C, Vitamin D, and others.


Based on Distribution Channel


The global market based on distribution channel is bifurcated into supermarkets & hypermarkets, specialist retailers, convenience stores, and others.


Based on Region


Regionally, the global fortified beverages market is categorized into Europe, Asia-Pacific, North America, and the Rest of the World. Among these, North America is holding the highest share for its growing per capita income and changing lifestyles of the consumers in the U.S.


Regional Analysis


Geographically, the fortified beverages market based on regions is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Out of these regions, North America is dominating the largest fortified beverages industry share due to the increasing per capita income along with changing lifestyles of the consumer in the U.S. Europe is also predicted to hold a healthy market proportion.


Emerging economies like India and China are offering a lucrative opportunity to the Asia-Pacific region and are expected to exhibit a significant CAGR for the fortified beverages market during the review period. The high incidence of cardiovascular disease, arthritis, osteoporosis, changing lifestyle among consumers, and growing demand for convenience beverages are boosting the growth of the market in this region. Moreover, with rising the prevalence of diabetes in India and China, people are having awareness regard healthy diet and active lifestyle that leads to prefer the natural sweetener like beverages.


 In 2019, The International Diabetes Federation report states that India was home to 77 million diabetes patients which is the second largest in the world and it is expected that it reaches 101 million by 2030. Due to the growing disposable incomes, Latin America is expected to show high potential for the global market.


Competitive Landscape


The prominent key players in the fortified beverages market outlook are the following:



  • Danone SA (France)

  • Nestle SA (Switzerland)

  • The Coco-Cola Company (U.S.)

  • The Boots Company PLC (U.K.)

  • Tropicana Products Inc. (U.S.)

  • General Mills, Inc. (U.S)

  • Abbott Laboratories (U.S.)


Recent Developments



  • In 2019, one of the leading company Gaclife introduced a line of seven daily healthy beverages drink that has many benefits as aids in skin health, sleep, energy, relaxation, and detoxification. This drink includes caffeine and amino acid L-theanine which are sourced from green tea leaves. Apart, it also contains ginseng, taurine, B vitamins, guarana, and amino acids.

  • In 2019, one of the leading companies Gaclife introduced a line of seven daily healthy beverages which aids in skin health, sleep, energy, relaxation, and detoxification.

  • In 2020, the highly popular enterpriser PepsiCo introduced an innovative functional beverage drink named Driftwell which is specially designed to help consumers relax, unwind, and de-stress. The production of this drink includes the amino acid L-theanine. This drink promotes relaxation without drowsiness, like magnesium, and also has a spa-water-inspired flavor with hints of blackberry and lavender.


Report Overview


Globally, the fortified beverages market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the fortified beverages industry drivers, restraints, challenges, and opportunities. The fortified beverages industry forecast segments are nutrients, product type, distribution channel, and region.


Segmentation Table


The fortified beverages market trends have been segmented globally based on the nutrients, product type, distribution channel, and region.


By Product Type


Alcoholic beverages and non-alcoholic beverages.


By Nutrients


Mineral and vitamin.


By Distribution Channel


Specialist retailers, convenience stores, supermarkets & hypermarkets, and others are few distribution channels.


By Region


Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the fortified beverages market.



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Frequently Asked Questions (FAQ) :

The COVID-19 impacts positively on the fortified beverages market as the fortified beverages increase the immunity power in the human body which is very essential in this pandemic situation.

The rise in health-conscious consumers in developing economies.