Global Functional Beverages Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
20 Sep, 2021
The functional beverages market consists of sales of functional beverages and related services. Functional beverages are non-alcoholic drinks which contain non-traditional ingredients such as vitamins, minerals, dietary fibers, probiotics, and added fruits. Function drinks include energy drinks, sports drinks, enhanced fruit drinks, and functional bottles water.
Global Functional Beverages Market Size And Drivers:
The global functional beverages market is expected grow from $121.18 billion in 2020 to $130.51 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $173.23 billion in 2025 at a CAGR of 7%. Increasing awareness of health is anticipated to propel the demand for functional beverages over the forecast period.
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Trends In The Global Functional Beverages Market
he manufacturing of low-calorie natural sweeteners and the use of natural colour & ingredients are promoting the growth of functional beverages. Major players dealing in the industry are adopting various strategies in order to meet consumer requirements. For instance, in October 2019, Drink Nutrient, functional beverage company launched a new line of beverages that are capable of providing 13 essential vitamins in a single-serve and easy-to-drink pack. The new line of the company’s functional beverages includes Vitamins Booster+, Nutrient, and Vitamin Coffee, which is GMO, gluten, acrylamide-free and contains no artificial ingredients.
Global Functional Beverages Market Segments:
The global functional beverages market is further segmented –
By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-Based Beverages, Juices, Enhanced Water, Others
By Function: Health & Wellness, Weight Management
By Distribution Channel: Brick & Mortar, Online
By Geography: The global functional beverages market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Functional Beverages Market At:
https://www.thebusinessresearchcompany.com/report/functional-beverages-global-market-reportFunctional Beverages Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides functional beverages market overviews, analyzes and forecasts market size and growth for the global functional beverages market, functional beverages market share, functional beverages market players, functional beverages market segments and geographies, functional beverages market’s leading competitors’ revenues, profiles and market shares. The functional beverages market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.