Functional Beverages Market Analysis, Share, Global Revenue, Future Demand, Top Leading Manufactures by 2027
The
global functional beverage market 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 Analysis. 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 beverage market 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.
Functional
beverages trends not only drive the market growth but also encourage the
makers/manufacturers to bring novelty in the drinks. Manufacturers invest
substantial investments in R&D activities and to develop attractive
packaging solutions. All such efforts commutatively drive the market by
increasing the demand, sales, and size of the Functional Beverages Market
Analysis.
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 Analysis. 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 beverage market 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 Analysis.
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.
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York 10013, United States of America
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