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The Functional Food and Beverages Market is expected to reach $532.98 billion by 2030, at a CAGR of 8.9% from 2023 to 2030. The growth of this market is driven by the increasing demand for healthy & nutrition-rich diets, rising demand for sports & performance drinks, growing innovation and new product developments, and changes in lifestyles & rising incidences of chronic diseases.
Here are the top 10 companies operating in the Functional Food and Beverages Market
The Coca-Cola Company (U.S.)
Founded in 1892 and headquartered in Georgia, U.S., Coca-Cola is engaged in the manufacturing and marketing of beverages. The company operates through seven business segments, namely, North America, Bottling Investments, Europe, Middle East and Africa, Asia-Pacific, Latin America, Global Ventures, and Corporate. The company offers functional food and beverages through its brands, such as AdeS, Del Valle, fairlife, innocent, Minute Maid, Simply, BODYARMOR, POWERADE, glacéau vitaminwater, Costa Coffee, FuzeTea, Doğadan, and Georgia. Its product portfolio includes juices, dairy & plant-based drinks, sports drinks, and coffee & tea.
The company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its subsidiaries and strong distribution network in more than 200 countries.
Founded in 1997 and headquartered in Kilkenny, Ireland, Glanbia is involved in the manufacturing of nutrition products. The company operates through two business segments, namely, Glanbia Performance Nutrition and Glanbia Nutritionals. It offers functional food and beverages through the Glanbia Performance Nutrition business segment. Glanbia’s product portfolio includes protein bars, buttercream, beverages, cheese, dairy products, vitamins, and grains & seeds.
The company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its distribution networks in more than 100 countries.
PepsiCo, Inc. (U.S.)
Founded in 1965 and headquartered in New York, U.S., PepsiCo is engaged in the manufacturing, marketing and selling of snacks, carbonated and non-carbonated beverages, and food items worldwide. The company operates through seven business segments, namely, PepsiCo Beverages North America; Frito-Lay North America; Europe; Latin America; Africa, Middle East and South Asia; Asia-Pacific, Australia and New Zealand and China Region; and Quaker Foods North America. The company offers functional food and beverages through its brands, such as Quaker, Health Warrior, Soulboost, Dole, Gatorade, KeVita, Mountain Dew, Muscle Milk, Naked, Sobe, Tropicana, Yachak, and Rockstar Energy.
PepsiCo has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its subsidiaries and a strong distribution network in over 200 countries.
Meiji Holdings Co., Ltd. (Japan)
Founded in 1916 and headquartered in Tokyo, Japan, Meiji Holdings manufactures food and pharmaceutical products. The company’s product portfolio comprises nutrition and confectionery products such as milk, yogurt, cheese, ice cream, and beverages. It also offers butter, cheese, cream, margarine, frozen food, chocolates, sports nutrition, gummies, beauty supplements, chewing gum, sugar and corn sweeteners, feedstuffs, and generic pharmaceutical products. The company operates through two business segments, namely, Food and Pharmaceuticals. It offers functional food and beverages through the Food segment.
The company has a geographical presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its distribution networks in more than 122 countries.
Danone S.A. (France)
Founded in 1919 and headquartered in Paris, France, Danone is engaged in the manufacturing of dairy and nutritional products. The company operates through three business segments, namely, Essential Dairy and Plant-based, Specialized Nutrition, and Waters, and offers fresh dairy products, bottled water, and early life nutrition & medical nutrition products. Its portfolio comprises yogurt, fermented dairy products, dairy specialties, plant-based nutritional cooking products and beverages, and specialized food for babies and older people. Danone also offers packaged water and flavored & vitamin-enriched water. The company offers functional food and beverages through its brands, such as Actimel, Activia, Alpro, Danone, Danonino, Oikos, Prostokvashino, Silk, International Delight, Nutricia, Salus, and Mizone.
The company has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its subsidiaries and a strong distribution network in over 120 countries.
Meticulous Research in its latest publication on Functional Food and Beverages Market has predicted the growth of 8.9% during the forecast year 2023-2030.
Founded in 1866 and headquartered in Vevey, Switzerland, Nestlé manufactures and markets a wide range of food products. Its product line includes milk, chocolate, confectionery, bottled water, coffee, creamer, seasoning, frozen food, and pet foods. The company operates through seven business segments, namely, Powdered and Liquid Beverages, PetCare, Nutrition and Health Science, Prepared Dishes and Cooking Aids, Milk Products and Ice Cream, Confectionery, and Water.
Nestlé offers functional food and beverages through its brands, such as Gerber, NaturNes, Cerelac, Nido, Fitness, Garden Gourmet, Sweet Earth, Nesquik, Milo, YIYANG Active, Nuun, Sjora, Garden of Life, Nature’s Bounty, Persona, Vital Proteins, Solgar, BOOST, Compleat, Impact, Peptamen, Vitaflo, Resource, Coffee-Mate, and Wunda.
Nestlé has a geographic presence across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa through its subsidiaries and a strong distribution network in over 186 countries.
General Mills, Inc. (U.S.)
Founded in 1928 and headquartered in Minnesota, U.S., General Mills is engaged in the manufacturing and marketing of branded consumer foods. The company operates through four business segments, namely, North America Retail, International, Pet, and North America Foodservice. It offers functional food and beverages through various brands, including Annie’s, Autumn’s Gold, Cascadian Farm, Cheerios, Chex Mix, Chex, Doolies, Epic, Fiber One, Good Measure, Larabar, Lucky Charms, Nature Valley, Oui, Ratio Food, Trix, Wheaties, and Yoplait.
General Mills manufactures products in 13 countries, markets them in over 100 countries, and has a global presence throughout North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The Kraft Heinz Company (U.S.)
Founded in 2015 and headquartered in Pittsburgh, U.S., The Kraft Heinz Company manufactures and markets food and beverage products, including condiments and sauces, cheese and dairy, ambient foods, frozen and chilled foods, meats and seafood, refreshment beverages, desserts, toppings and baking, coffee, nuts, and salted snacks, infant and nutrition, and other grocery products. The company offers functional food and beverages through its brands, such as Heinz, Philadelphia, Wattie’s, Plasmon, and Capri Sun.
Heinz sells its products through its own sales organizations and independent brokers, agents, and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, food service distributors, and institutions, including hotels, restaurants, hospitals, health care facilities and certain government agencies.
Heinz has a strong geographic presence across North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.
Kellogg Company (U.S.)
Founded in 1906 and headquartered in Michigan, U.S., Kellogg Company is engaged in the manufacturing and marketing of ready-to-eat cereal and convenience foods. The company operates through four business segments, namely, Snacks, Cereal, Frozen, and Noodles & Other. Its principal products are snacks, such as crackers, savory snacks, toaster pastries, cereal bars, granola bars and bites, and convenience foods, such as ready-to-eat cereals, frozen waffles, veggie foods, and noodles.
Kellogg offers functional food and beverages through its brands, such as Kellogg’s Special K, MorningStar Farms, Kellogg’s All-Bran, and Kellogg’s Corn Flakes, the company’s products are manufactured in 18 countries and marketed in more than 180 countries.
Founded in 1939 and headquartered in Raisio, Finland, Raisio is engaged in the manufacturing and marketing of vegetation-based foods, functional food ingredients, and feeds and malts. The company has three reporting segments, namely, Healthy Food, Healthy Ingredients, and Other Operations. It markets functional food and beverage products under Benecol, Elovena, Torino, Nalle, and Beanit brands. The company has a geographic presence across Europe.
Popular Mention: Hearthside Food Solutions LLC (U.S.), Mars, Incorporated (U.S.), Royal FrieslandCampina N.V. (Netherlands), Arla Foods amba (Denmark), and Amway Corporation (U.S.)
Authoritative Research on the Functional Food and Beverages Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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