The latest report by Precision Business Insights, titled Functional Beverage Market size was valued at USD 130.3 billion in 2022 and is expected to reach a value of USD 226.2 million by 2029, growing at a CAGR of 8.2% during the forecast period 2023-2029. The research report includes historical data, trending characteristics, and market growth estimates for the future. Furthermore, the study includes a global and regional estimation and further divided by nations and categories within each region. The research also includes factors and barriers to the Functional Beverage Market growth , as well as their impact on the market's future growth. The report gives a comprehensive overview of both primary and secondary data.
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The global Functional Beverage Market segmentation:
- By Type: Fortified Juice, Energy Drink, Sports Drink, Dairy-Based Beverages, Enhanced Water, Others
- By Function: Health and Wellness, Wealth Management
- By Distribution Channel: Supermarket/Hypermarket, Departmental Stores, Health Stores, Online Stores, Convenience Stores, Others
- By Geography: North America, Asia Pacific, Europe, Middle East, and Africa, Latin America
The Functional Beverage Market report helps to provide the best results for business enhancement and business growth. It further helps to obtain the reactions of consumers to a new product or service. It becomes possible for business players to take action for changing perceptions. It uncovers and identifies potential issues of the customers. It becomes easy to obtain the reactions of the customers to a new product or service. It also enlightens further advancement, so it suits its intended market.
The Functional Beverage Market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. the North American market is expected to witness the highest market share during the forecast period due to its sensible financial foundation, high standard of living, and healthy growth rate.
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The important profiles and strategies adopted by Functional Beverage Market key players are.
- PepsiCo
- Red Bull GmbH
- Coco-Cola
- Monster Beverage Corporation
- The naked collective
- Nestle SA
- Fonterra Co-Operative Group Ltd
- Kraft Heinz Company
- Abbott
- Dali Foods Group Co. Ltd
- Hangzhou Wahaha Group Co. Ltd
- Shenzhen Eastroc Beverage Industrial Co. Ltd
- Nongfu Spring
- Dabur
- The MUL
- Asahi Soft Drinks Co. Ltd
- Otsuka Holdings Co. Ltd
- Suntory Beverage Food Ltd
- Beverage Industrial Co. Ltd
- Britannia Industries Ltd)
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