Functional Beverages Market is Going to Boom with Dupont Nutrition Biosciences ApS, MaxiNutrition, Clif Bar

Report Ocean releases its latest report on the global Functional Beverages Market. A combination of information gathered from first-hand sources, qualitative and quantitative assessments of industry analysts, and insights from experts and participants across the value chain is used to calculate the global Functional Beverages Market.

In 2020, the global functional beverages market value was $110,148.5 million. The global functional beverages market will grow at a compound annual growth rate of 5.3% during the forecast period from 2021-2027. 

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Factors Affecting the Global Functional Beverages Market

Functional beverages are forecast to experience strong growth due to the rising number of fitness enthusiasts and the growing inclination of consumers towards a healthy lifestyle.

Increasing numbers of athletes participating in sports at a national and international level are likely to boost the market growth throughout the forecast period for functional beverages.

Due to the trend of casual users for sports and energy drinks, beverage manufacturers are now creating drinks with low calories and fats and adding flavors from fruits and vegetables. Moreover, the role of distribution channels in the functional beverage market is crucial. Therefore, the growth of the market is due to specialty stores, supermarkets, and hypermarkets. 

During the forecast period, energy drink consumption and availability of healthy substitutes are likely to restrain the growth of the functional beverages market.

The reports include an in-depth analysis of macroeconomic indicators, market trends, and underlying factors, as well as market attractiveness by segment. The reports include a qualitative impact map of different market factors. COVID-19 (Corona Virus) had an impact on the product industry chain based on upstream and downstream markets, on regions and countries, and the future development of the industry.

The reports on the Global Functional Beverages Market provide readers with a better understanding of the market and competitive landscape to support better decision-making. Report contents include an overview of participants, revenue results, sales volume, gross margin, capital investment, and global Functional Beverages Market growth rates.

Researchers gather and validate the market size and demand information with market experts. They also examine the geographical distribution of the Functional Beverages Market. Top manufacturers, distributors, traders, and dealers use these market studies to gain insights into the industry. It will provide an overview of the product, the market, the driving forces, the risks and opportunities, and the research findings.

Impact Analysis of COVID-19

A detailed study of Covid-19 impacts the Functional Beverages Market is provided in the report.

The World Health Organization has declared Covid-19 a global health emergency due to its impact on thousands of people worldwide. The Coronavirus disease, which already affects these groups, had affected Functional Beverages Market segments.

While the death toll continues to climb, the economic damage is already evident, making this the world's worst economic shock in decades.

Chaos can lead to several undesirable outcomes, including restaurant closings, flight cancellations, travel restrictions, indoor event venues losing permits, customer confidence eroding, stock markets fluctuating, and citizens becoming anxious.

The report extensively examines the fundamental aspects of the Global Functional Beverages Market, including its future prospects and competitive landscape. The Porter's Five Forces analysis of the Functional Beverages Market provides insight into the factors influencing its growth. This market study breaks down the Functional Beverages Market into segments, regions, and players in order to present an accurate picture of the current market environment. The study also includes macroeconomic and microeconomic analyses. Several graphs and charts appear in the report effectively.

Regional Overview

An analysis of the Functional Beverages Market at the country level looks at segments classified as potentially high-growth, countries with the largest market share, and countries with the best growth prospects. Among the regional breakdowns in the Functional Beverages Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), Other countries.

Leading Competitors

The leading prominent competitors in the global Functional Beverages Market are:

The Coca-Cola Company
Red Bull
Pepsico, Inc.
Nestlé S.A.
Dupont Nutrition Biosciences ApS
MaxiNutrition
Clif Bar
Monster Beverage Corporation
Meiji Co., Ltd
National Beverage Corp.
Other Players

Scope of the Report

The global Functional Beverages Market segmentation focuses on:

Segmentation based on Distribution Channel

Supermarket and Hypermarket
Specialty Stores
E-Commerce
Others 

Segmentation based on End-User

Athletes
Fitness Lifestyle Users
Others

Segmentation based on Type

Energy Drinks
Sports drinks
Dairy-based beverages
Juices
Others 

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This release was published on openPR.