Our latest research report entitled Functional Beverage Market (by product type (dairy-based beverage, energy drinks, enhanced water, functional fruit, sports & performance drink, RTD tea & coffee), distribution channels (convenience stores, pharmacies, online retail, supermarket)) provides complete and deep insights into the market dynamics and growth of Functional Beverage.
The latest information on market risks, industry chain structure Functional Beverage cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Functional Beverage growth factors.
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Increasing Consumers Demand Energy Drinks in the Sports Sector and Rising Demand
Functional beverages are non-alcoholic drinks with specific health benefits which keeps the body hydrated and provide overall nutrients. These beverages are ready to drink beverages and contain some of the common ingredients such as vitamins, herbs, amino acids, minerals, and additional raw fruits or vegetables.
Further, these functional beverages provide several health-related benefits such as establish an immune system, manages cholesterol level, improves the health of the bone, heart, and other benefits connected with eye and vision. Several common functional beverages include sports & performance drinks, yogurt & dairy drinks, enhanced fruit drinks & juices, and ready to drink teas.
Increasing consumer’s demand energy drinks in the sports sector and rising demand for convenience beverages are enhancing factors for the growth of the functional beverage market. As per the May 2017 report by market research group Mintel, the U.S. energy shot and energy drink sales grew by 5.8 %t in 2016.
Further, growing health care awareness, busy lifestyles, and innovative flavors in beverages are boosting the demand for health-related functional beverage and drinks market. In addition to this, functional drinks are alternatives to traditional supplements. Many key players are focusing on an escalating product portfolio that addresses the use of natural ingredients and advancement in technologies in a functional beverage.
The demand for clean labeling from consumers is rising and this also supports the growth of the market. Besides, the consumers who are looking forward to losing weight prefer ready to drink tea and fruit/ vegetable juices that contain natural food/beverage and low-calorie natural sweeteners. This factor fuels the growth of the market.
Moreover, increasing health awareness regarding the consumption of functional beverage are leading the growth opportunity of this market over the forecast period. On the contrary, the high cost of functional beverage as compared with traditional drinks can limit the growth of the functional beverage market.
North America Holds the Largest Market Share
As per the geographies, North America holds the largest market share in the functional beverage market followed by the Asia-Pacific region. In the North America region, the U.S is the major contributor that boosts the growth of the North America region.
Owing to a busy lifestyle, work culture, growing athletic administration, and increasing health awareness among all age group consumers are driving the growth for the functional beverage market in the North America region.
Further, in the Asia-Pacific region, potential countries such as India, China, and Australia are attracting the functional beverage market. Besides, changing lifestyles, economic growth, and a growing number of health-conscious consumers in developing and developed nations are boosting the growth of the functional beverage market.
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Report on Global Functional Beverage Market Covers Segments Such As Product Type and Distribution Channels
On the basis of product type, the sub-markets include dairy-based beverages, energy drinks, enhanced water, functional fruit and vegetable juices, sports & performance drink, and RTD tea & coffee. On the basis of distribution channels, the sub-markets include convenience stores, pharmacies, online retail, and supermarket/hypermarket.
The report provides profiles of the companies in the market such as RED BULL, Nestlé S.A, The Coca-Cola Company, PepsiCo, Inc., Ocean Spray, Mondelēz International, Inc., Fonterra Co-operative Group Limited, Del Monte Food, Inc, Keurig Dr. Pepper, and The Hain Celestial Group.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/food-beverage/global-functional-beverage-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Functional Beverage.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.