According to a new report Global Functional Beverages Market, published by KBV research, The Global Functional Beverages Market size is expected to reach $140.7 billion by 2027, rising at a market growth of 8% CAGR during the forecast period.
In 2020, the fitness lifestyle users segment obtained a prominent revenue share of the functional beverages market and is expected to display a promising growth rate over the forecasting years. Moreover, this segment is anticipated to witness significant growth, owing to the fact that a greater number of customers are joining health & gym clubs and the increasing obesity population.
The supermarket & hypermarket acquired the prominent revenue share of the functional beverages market in 2020 and would display a significant growth rate over the forecast years. Supermarkets & hypermarkets are stores where consumers find a wide range of products such as grocery products, merchandise, and functional beverages in a single place. In addition, hypermarkets enable customers to purchase their desired products and fulfill their shopping requirements.
In 2020, North America acquired a prominent market share of the functional beverages market and is likely to showcase a similar kind of trend even during the forecast years. The functional beverages market in this region is not affected by the evolving customer behavior as there is a rise in the number of customers inclining towards natural ingredients.
Full Report: https://www.kbvresearch.com/functional-beverages-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of PepsiCo, Inc., The Coca Cola Company, Nestle S.A., Danone S.A., Meiji Holdings Co., Ltd., Monster Beverage Corporation, Suntory Beverage & Food Limited, National Beverage Corporation, Red Bull GmbH, and Clif Bar & Company.
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