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The Global Functional Beverage Market is estimated to reach USD 208 billion by 2026, expanding at a CAGR of around 9% during the forecast period, 2020 u2013 2026. The growing consumer inclination towards the consumption functional beverage is mainly due to the rising demands for non-alcoholic beverages. Functional drinks are being preferred over carbonated drinks and fruit juices by consumers.
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Global Functional Beverages Market2020 Global Functional Beverages Market by Types – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2026 The Global Functional Beverage Market is estimated to reach USD 208 billion by 2026, expanding at a CAGR of around 9% during the forecast period, 2020 – 2026. The growing consumer inclination towards the consumption functional beverage is mainly due to the rising demands for non-alcoholic beverages. Functional drinks are being preferred over carbonated drinks and fruit juices by consumers. For gaining position in the market companies are coming up with new innovations. For various advantages of functional beverages, the consumers are willing to spend a premium which is one of the major advantages of functional beverage. Ready to drink beverages that are non-alcoholic and include non-traditional ingredients are known as functional drinks. Functional drinks include few common ingredients such as minerals, herbs, some raw fruits or vegetables, and amino acids. The health-related benefits offered by functional drinks are much more than the daily nutritional intake. Improved heart health, immune system strengthening, improved mental energy, improved bone health, cholesterol management, and other health related benefits related to eye-health and vision. Dairy, enhanced fruit drinks & juices, ready to drink teas, energy drinks, functional milk, soy beverages, and sports & performance drinks are the most common types of functional drinks. Request Free Sample Of This Report At:Global Functional Beverage Market Global Functional Beverages Market Segment Insights: Based on types, the global functional beverages market is segregated into dairy based beverages, enhanced water, energy drinks, sports drinks, functional fruit juices, and others. Energy drink is the dominant segment and is expected to remain dominant during the forecast period. The reason for the dominance of this market is due to rising involvement of individuals in various games and sports events. In terms of distribution channels, the global functional beverages market is segmented into store based, online, supermarkets & hypermarkets, and convenience stores. Supermarkets & Hypermarkets comprises of the majority of the market share and is expected to remain dominant during the forecast period. The reason for dominance is due to convenience of buying, high consumer dependency, and one stop shopping. DataIntelo Page 1
Global Functional Beverages Market2020 On the basis of regions, the global functional beverages market is segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. North America is the dominant segment and is expected to remain dominant during the forecast period. The dominance of this market can be attributed to rapid urbanization and high disposable income of the individuals. High product demand and increasing awareness regarding the health benefits of functional beverages are some of the important factors for the growth of the market. Customize Report and Inquiry for Report:Global Functional Beverage Market Competitive Landscape: Major companies in the global functional beverages market include The Coca-Cola Company, PepsiCo, Red Bull, Ocean Spray, Del Monte Food, Hain Celestial, Fonterra Co-operative Group, Mondelez International, and Nestle. Companies competing in the functional beverage market are adopting innovative strategies such as predatory pricing, innovative packaging, new product offerings, and distribution through various channels. The global golf apparel market has been segmented on the basis of Types: Dairy Based Beverages Enhanced Water Energy Drinks Sports Drinks Functional Fruit Juices Others: Distribution Channels Store Based Online Supermarkets & Hypermarkets Convenience Stores DataIntelo Page 2
Global Functional Beverages Market2020 Regions: Asia Pacific Europe North America Middle East & Africa Latin America About DataIntelo: DATAINTELO has set its benchmark in the market research industry by providing syndicated and customized research report to the clients. The database of the company is updated on a daily basis to prompt the clients with the latest trends and in-depth analysis of the industry. Our pool of database contains various industry verticals that include: IT & Telecom, Food Beverage, Automotive, Healthcare, Chemicals and Energy, Consumer foods, Food and beverages, and many more. Each and every report goes through the proper research methodology, validated from the professionals and analysts to ensure the eminent quality reports. Contact Info: Name: Alex Mathews Address: 500 East E Street, Ontario, CA 91764, United States. Phone No: USA: +1 909 545 6473 | IND: +91-7000061386 Email: sales@dataintelo.com Website: https://dataintelo.com DataIntelo Page 3