Global Relaxation Beverages Market, By Product Type (Relaxation Shots, Relaxation Mixes, Relaxation Drinks, Vitamin Beverage, Tea Drinks, and Others), Application (Insomnia, Anxiety Patients, and Others) – Industry Trends and Forecast to 2031.
Relaxation Beverages Market Analysis and Size
The relaxation beverages market caters to the growing consumer demand for stress relief and relaxation through innovative beverage offerings. These beverages often contain ingredients such as herbs, amino acids, and botanical extracts known for their calming properties, providing consumers with a convenient and entertaining way to unwind and reduce stress. The market's expansion reflects a broader societal focus on well-being and the recognition of the link between relaxation and overall health.
Data Bridge Market Research analyses the global relaxation beverages market, which was USD 459.31 million in 2023, is expected to reach USD 1,434.63 million by 2031, at a CAGR of 15.30% during the forecast period 2024-2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Relaxation Beverages Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2024-2031
|
|
Base Year
|
2023
|
|
Historic Years
|
2022 (Customizable to 2016-2021)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product Type (Relaxation Shots, Relaxation Mixes, Relaxation Drinks, Vitamin Beverage, Tea Drinks, and Others), Application (Insomnia, Anxiety Patients, and Others)
|
|
Countries Covered
|
U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
|
|
Market Players Covered
|
Encha (China), IPPODO TEA (China), TranQuini (U.S.), Chillbev (U.S.), Slow Cow (Canada), Som Sleep.(U.S.), Harvestone Group LLC (Canada), Phi Drinks, Inc. (California)
|
|
Market Opportunities
|
|
Market Definition
Relaxation beverages are a category of non-alcoholic drinks formulated to induce a calming or stress-relieving effect on the consumer. These beverages typically contain ingredients such as botanical extracts, amino acids, and vitamins known for their relaxing properties. Marketed as an alternative to traditional energy drinks, relaxation beverages aim to promote relaxation and reduce anxiety without the use of sedatives or alcohol, catering to individuals seeking a beverage to unwind and de-stress.
Global Relaxation Beverages Market Dynamics
Drivers
- Stressful Lifestyles Increases the Demand for Relaxation Beverages
As individuals seek effective ways to unwind and manage stress, there is a growing inclination towards relaxation beverages. These beverages, enriched with calming ingredients such as herbs and adaptogens, are positioned as a remedy for stress relief. The market is witnessing increased consumer awareness about the impact of stress on well-being, driving the popularity of relaxation beverages as a convenient and soothing solution in today's fast-paced world..
- Rising Awareness of the Impact of Stress on the Well-Being
The global shift towards health and wellness is fueling the demand for relaxation beverages. Consumers are becoming more conscious of the impact of stress on their well-being and are seeking natural and functional beverages that promote relaxation and aid in stress management. This awareness has fueled the demand for RELAXATION BEVERAGES, driving market growth as people prioritize stress management in their daily lives.
Opportunities
- Increasing Health Awareness among the Aging Population
The increasing aging population, especially in developed economies, presents an opportunity for the global relaxation beverages market. Older consumers are often more focused on health and stress management, creating a potential market for relaxation beverages that cater specifically to their needs.Formulations incorporating ingredients aimed at addressing stress associated with aging and promoting relaxation have the potential to attract this demographic. .
- Product Diversification within the Relaxation Beverages
The opportunity for innovation and product diversification within the relaxation beverages market is substantial. Manufacturers can explore unique formulations, flavors, and delivery methods to differentiate their products and cater to diverse consumer preferences. Creating beverages with novel ingredients backed by scientific research can attract consumers seeking effective ways to unwind, contributing to market growth through product differentiation.
Restraints/Challenges
- Regulatory Challenges Limits the Inclusion of Certain Herbal Extracts
Stringent regulations and varying standards across different regions may hinder the formulation and marketing of these beverages, impacting the industry's potential for innovation and product diversification. The need to comply with complex regulatory frameworks creates barriers to entry for manufacturers, affecting the availability and variety of herbal ingredients in relaxation beverages and constraining market growth.
- Economic Uncertainties Limits the Consumer Spending Habits
In times of economic difficulty, consumers tend to prioritize essential expenditures, leading to a reduction in non-essential purchases such as relaxation beverages. The downturn in consumer spending habits adversely affects the sales of relaxation beverages worldwide. Economic uncertainties create a cautious consumer mindset, impacting the market's growth potential as individuals prioritize necessities over indulgent products, posing a notable challenge for the global relaxation beverages market.
This global relaxation beverages market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global relaxation beverages market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss
Global Relaxation Beverages Market Scope
The global relaxation beverages market is segmented on the basis of product type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
- Relaxation Shots
- Relaxation Mixes
- Relaxation Drinks
- Vitamin Beverage
- Tea drinks
- Others
Application
- Insomnia
- Anxiety Patients
- Others
Global Relaxation Beverages Market Regional Analysis/Insights
The global relaxation beverages market is analysed and market size insights and trends are provided by country, product type and application as referenced above.
The countries covered in the global relaxation beverages market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The Asia-Pacific (APAC) region, historically a hub for cultural and environmental interactions, is poised for market stimulation. The growth is anticipated to be driven by the strengthening well-being sector, particularly in areas related to aging, adult blindness, and various disorders. Promotional initiatives further contribute to this momentum, emphasizing the increasing significance of health-related businesses in the APAC market. The region's focus on well-being reflects a growing awareness and proactive approach to address health concerns and age-related disorders.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Relaxation Beverages Market Share Analysis
The global relaxation beverages market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global relaxation beverages market.
Some of the major players operating in the global relaxation beverages market are:
- Encha (China)
- IPPODO TEA (China)
- TranQuini (U.S.)
- Chillbev (U.S.)
- Slow Cow (Canada)
- Som Sleep.(U.S.)
- Harvestone Group LLC (Canada)
- Phi Drinks, Inc. (California)
SKU-