LATAM Functional Beverages Market Size & Outlook, 2026-2034

LATAM Functional Beverages Market Insights

As highlighted in Deep Market Insights analysis, the LATAM Functional Beverages Market, valued at USD 9.58 Billion in 2025, is estimated to achieve USD 19.43 Billion by 2034.
The market is estimated to grow at a CAGR of 8.25% spanning 2026 to 2034.
By market size, Energy Drinks led the By Type category in 2025.
The By Type segment led by Dairy-Based Functional Drinks is estimated to post the fastest growth, sustaining its position as the most lucrative during the forecast timeframe.

In 2025, LATAM accounted for 6.18% of the global Functional Beverages Market size.
By 2034, United States is projected to lead the global market in terms of market size.
Mexico is projected to emerge as the fastest-growing market in LATAM, reaching USD 6.93 Billion by 2034.

Report Scope	Details
Base Year for Study	2025
Study Period	2022-2034
Historical Period	2022-2024
Forecast Period	2026-2034
Market Size In 2025	USD 9.58 Billion
Market Size In 2034	USD 19.43 Billion
Largest segment	Energy Drinks
Units	Revenue in USD Billion
CAGR	8.25% (2026-2034)
Segmnetation Covered
LATAM	Brazil Mexico Argentina
By Type	Energy Drinks Sports Drinks Fortified Juices Dairy-Based Functional Drinks Others
By Function	Hydration Energy Immunity Digestive Health Weight Management
By Distribution Channel	Supermarkets/Hypermarkets Convenience Stores Online Others
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends

LATAM	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Brazil	XX.x	XX.x	XX.x	4.79	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Mexico	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Argentina	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

By Type	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Energy Drinks	XX.x	XX.x	XX.x	3.79	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Sports Drinks	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Fortified Juices	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Dairy-Based Functional Drinks	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Others	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

By Function	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Hydration	XX.x	XX.x	XX.x	3.4	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Energy	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Immunity	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Digestive Health	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Weight Management	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x

Source: DMI Analysis Company Publications, Primary Interviews.

By Distribution Channel	2022	2023	2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034
Supermarkets/Hypermarkets	XX.x	XX.x	XX.x	3.95	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Convenience Stores	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Online	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Others	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x
Total	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x	XX.x