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Functional beverages are drinks that impart health benefits to consumers. These drinks are fortified with several ingredients with various health advantages. Some of the major ingredients of functional beverages include vitamins & minerals, bacterial strain to promote gut health, herbs, amino acids, and others.
The global Functional Beverages market size is projected to reach US$ 161030 million by 2026, from US$ 120780 million in 2020, at a CAGR of 4.9% during 2021-2026.
The global Functional Beverages market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Functional Beverages market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2015-2026.
Increasing health consciousness, coupled with high investments in the R&D sector, is supporting the growth of functional beverages market. A wide range of product availability tends to attract consumers’ attention towards the offerings, thereby, facilitating its sale. Additionally, product promotions and celebrity endorsement also play a role in increasing the sales of the product. Escalating fitness trend among consumers is also encouraging new players to enter the market and generate high revenues.
Based on region, the global Functional Beverages market is segmented into North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America). Research analysts have studied government initiatives, changing the political environment, and social scenarios that are likely to contribute to the growth of the regional markets.
The major players that are operating in the global Functional Beverages market are
Hain Celestial Group
Kraft Foods Group
Campbell Soup Company
Segment by Type
Fruit & Vegetable Juices
Herbal & Fruit Tea
Segment by Application
Super/ Hyper Stores
Factors such as cost analysis, marketing strategy, factor analysis, distributors, sourcing strategy, and industrial chain are all the parts of the global Functional Beverages market. The report also includes the analysis of the return on investment (ROI) feasibility with the estimated SWOT analysis.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Functional Beverages market.
• The market share of the global Functional Beverages market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Functional Beverages market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Functional Beverages market.