Market Overview
The global Functional Beverages Market Size is growing pervasively over the past few years. Factors such as increasing health-centric (health-conscious) populaces and millennial generation increase the Functional Beverages Market Size size. Moreover, the rising popularity of functional beverages and rising consumer preference for verities of drinks are accelerating the market growth to booming heights.
According to Market Research Future (MRFR), the global Functional Beverages Market Size is expected to witness modest growth by 2023. In its recent market analysis, MRFR also asserts that the market would register a 6.63% CAGR throughout the review period (2018-2023). Growing industrialization, urbanization, and improving economic conditions worldwide act as a significant driving force.
Key Players
Players leading the functional beverages, include The Coca-Cola Company (US), Nestle S.A. (Switzerland), PepsiCo Inc. (US), Mondelez International Inc. (US), Fonterra Co-operative Group Ltd. (New Zealand), Hain Celestial Group (US), Kraft Heinz Company (US), Monster Beverage Corporation (US), Danone (France), and Campbell Soup Co. (US), among others.
Market Segmentation:
MRFR has segmented the report into four dynamics to widen the scope of understanding,
By Type : Energy Drinks, Sports Beverages, Prebiotic & Probiotic Drinks, Functional Fruits & Vegetable Juices, Functional Dairy Products, Dairy Alternative Beverages, and others (Water, Teas & Coffee).
By Distribution Channel : Store-Based and Non-Store Based
By Function : Health & Wellness, Energy & Rejuvenation, Weight Management, Hydration, and others.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Access Report @ https://www.marketresearchfuture.com/reports/functional-beverages-market-1863
Regional Analysis
The European region dominates the global Functional Beverages Market Size. The largest share of the market attributes to the growing sales of functional beverages in the region. Besides, high disposable income and increasing health eccentric populace drive the regional market growth. The Functional Beverages Market Size in Europe is predicted to create a valuation of USD 74.26 BN, registering a CAGR of 6.22% CAGR during the review period (2018 to 2023). Also, the influence of the media industry is going to escalate the regional market growth further. Germany, France, Spain, and Italy are the major markets in the region.
North America accounts for the second-largest share in the global Functional Beverages Market Size. Factors such as high per capita income and the presence of large innovative players drive the growth of the regional market. The region is expected to scale up a market value of USD 68.12 BN with a 6.42% CAGR during the forecast period. It can scale Mexico is expected to grow at the fastest CAGR, whereas the US would have the largest market share accounting for a valuation of USD 49.51 BN.
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
The Business Research Company published its Functional Beverages Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Functional Beverages market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the Functional Beverages market’s segments-1) By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-Based Beverages, Juices, Enhanced Water, Others2) By Function: Health & Wellness, Weight Management3) By Distribution Channel: Brick & Mortar, Online.
View Complete Report:https://www.thebusinessresearchcompany.com/report/functional-beverages-market-global-report-2020-30-covid-19-growth-and-changeFunctional Beverages Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The global functional beverages market is expected to decline from $128.66 billion in 2019 to $125.39 billion in 2020 at a compound annual growth rate (CAGR) of -2.54%.
The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities.
