China Functional Drink Industry Overview
Marketreportsonchina.com presents a report on “China Functional Drink Industry Overview, 2017-2021”. http://www.marketreportsonchina.com/food-beverages-market-research-reports-23692/functional-drink-china.html Functional Drink is classified into nutrimental beverages, sport drinks and drinks for other special usage after adjusting the composition and content of natural nutrients.
October, 03rd, 2016, Mumbai, India:Market Reports on China presents the report, on “China Functional Drink Industry Overview, 2017-2021”. This means that functional drink enterprises need to promote the marketing for more understanding and popularity among consumers and larger consumption space of functional drinks.
Functional Drink is classified into nutrimental beverages, sport drinks and drinks for other special usage after adjusting the composition and content of natural nutrients for particular nutrition needs in regulating body functions instead of treating diseases. It mainly serves for anti-fatigue and energy supplement.
In terms of age, major consumers of functional drinks are young people such as children, students and office workers for its energy supplement. In terms of gender, males consume more functional drinks due to their preference for sports and staying up late in China. In contrast, female consumers prefer soft drinks such as fruit juice, vegetable protein beverages or bottled water with less sport time.
According to the sales revenue of functional drinks increased from CNY 25.71 billion in 2011 to CNY 60.6 billion in 2015 with the CAGR of 23.9%, far exceeding the growth rate of the market size of the soft drink industry during the corresponding period. In China, the competition in the functional drink industry is less intense than other soft drink varieties.
According to the aggregate market share of top 5 functional drink manufacturers in China was about 63.5% of the total with a high market concentration rate, of which the market share of Red Bull and Danone Mizone was over half of the total in 2015.
In recent years, the resident consumption ability improves especially in the third and fourth tier cities as well as rural areas, leading to the growing beverage industry. The demand for functional drinks will continue increasing with the improvement of resident health awareness. Existing products are small in varieties in the functional drink market mainly including those adding vitamin and taurine with high retail prices while there are less international popular varieties.
Therefore, opportunities exist for new functional drink manufacturers in segment varieties and regional markets. The annual average consumption volume of functional drinks was less than 3 liters per capita in China, far inferior to the global level of 7 liters. This means that functional drink enterprises need to promote the marketing for more understanding and popularity among consumers and larger consumption space of functional drinks.
estimates that the CAGR of the market size of functional drinks will exceed 15% even reach 20% in China from 2016 to 2021.
Table of Contents
1 Concept of Functional Drink Industry
1.1 Definition and Classification of Functional Drinks
1.1.1 Definition of Functional Drinks
1.1.2 Classification of Functional Drinks
1.2 Research Methods of the Report
1.2.1 Parameters and Assumptions
1.2.2 Data Sources
2 Analysis on China Functional Drink Industry, 2011-2015
2.1 Development Environment of Functional Drink Industry in China
2.1.1 Economic Environment of Functional Drink Industry in China
2.1.2 Policy Environment of Functional Drink Industry in China
2.1.3 Social Environment
2.2 Analysis on Supply of China Functional Drink Industry
2.3 Market Demand for Functional Drinks in China
2.3.1 Major Consumer Group of Functional Drinks in China
2.3.2 Market Scale of Functional Drinks in China
To view a full Executive Summary and Table of Contents, please visit: http://www.marketreportsonchina.com/food-beverages-market-research-reports-23692/functional-drink-china.html
About Author Bio: Sarah Davis is working with MarketReportsonChina which is a portal where you can access thousands of reports on China starting from Aeronautics to Zinc (A-Z). The website provides market reports on different sectors.
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