Press release
Functional Beverage Market Rising Trend, Demand and Business Outlook 2020 to 2025: Suntory Holdings, Fonterra, Nestle, Danone, Coco Cola
Functional Beverage – A Market Overview and Forecast 2020 – 2025, This report presents a profound evaluation of basic elements of Functional Beverage industry such as production scale and profit generation. Market driving factors, newly adopted technologies, latest business methodologies have been discussed in this report. The report also forecasts the potential of the market and reviews thorough analysis of vital segments and regional markets.The functional beverage market is projected to reach USD 208.13 billion by 2024. It is forecasted to witness a CAGR of 8.66% during the forecast period (2019-2024).
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Global functional beverage consumption is driven by the consumers inclination toward non-alcoholic beverages. Consumers have started to prefer functional drinks over fruit juices and carbonated drinks. Manufacturers are embracing innovation for gaining position in the market. One of the major advantages of functional beverage is that consumers are ready to pay a premium for its various functional advantages.
Competitive Landscape:
Pepsi and Coke dominated the functional beverage market, whereas Monster beverage is witnessing a jump in its share in the market. The growth of a company in the functional beverage industry in the future depends on their distribution channel and innovation in their product list with lucrative packaging style. The major companies are located in all regions and the major countries of those regions. However, the players are expanding into countries they are currently not present in. The most active companies in the functional beverage market include PepsiCo, followed by Suntory Holdings, Fonterra, Nestle, Danone, Coco Cola, and Glanbia PLC.
Scope of the Report
The functional beverage market includes energy drinks, fortified juice, sports drinks, dairy and dairy alternative drinks, and others, which include enhanced water, ready-to-drink (RTD) tea, and coffee. By sales channel, the market is segmented into supermarket/ hypermarket, health stores, convenience stores, internet retailing, and others.
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Furthermore, this study will help to solve the following issues:
Cyclical dynamics-Report foresees dynamics of industries by using core analytical and unconventional market research approaches.
Identifying key cannibalizes– Strong substitute of a product or service is that the most prominent threat. Report includes key cannibalizes of a market, by procuring marketing research. This helps in aligning new product development/launch strategies before.
Spotting emerging trends– Report helps to identify upcoming hot market trends. Report also track possible impact and disruptions which a market would witness by a specific emerging trend.
Interrelated opportunities–This report will allow making decisions based on data, thereby increasing the chances that the strategies will perform better.
Read Detailed Index of full Research Study at:
https://www.marketinsightsreports.com/reports/01091744086/functional-beverage-market-growth-trends-and-forecast-2020-2025?source=op&Mode=20
Customization of the Report:
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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Irfan Tamboli (Head of Sales) - Market Insights Reports
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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