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Functional Beverages Market Size, Share, Trends, Growth Report 2023-2032
Functional Beverages Market Report
The Business Research Company's Functional Beverages Global Market Report 2023 identifies Increasing awareness of health issues as the major driver for the functional Beverages market's growth in the forecast period. Functional beverages help to enhance various body functionalities, including the management of heart rate, digestive health, immune system, and weight management, due to the presence of vitamins, minerals, herbs, and amino acids. Consumers are increasingly shifting towards the consumption of functional beverages that contain ingredients to address these specific health issues.
The global functional beverages market size will grow from $131.47 billion in 2022 to $147.7 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global functional beverages market size is expected to grow from $224.99 billion in 2027 at a CAGR of 11.1%.
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Major competitors in the functional Beverages market are Danone, Clif Bar & Company, Universal Nutrition, Cloud 9, The Coca-Cola Company, Monster Beverage Corporation, Arla foods, National Beverage Corp., Cloud 9, Nestle.
Read More On The Global Functional Beverages Market Report Here:
https://www.thebusinessresearchcompany.com/report/functional-beverages-global-market-report
The functional beverages market is segmented -
•By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-based Beverages, Juices, Enhanced Water, Other Types
•By Function: Health & Wellness, Weight Management
•By Distribution Channel: Brick & mortar, Online
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the functional Beverages market.
The Business Research Company's "Global Functional Beverages Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Functional Beverages Market Include:
1. Executive Summary
2. Functional Beverages Market Characteristics
3. Functional Beverages Market Trends And Strategies
4. Functional Beverages Market - Macro Economic Scenario
5. Functional Beverages Market Size And Growth
……
26. Africa Functional Beverages Market
27. Functional Beverages Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Functional Beverages Market
29. Functional Beverages Market Future Outlook and Potential Analysis
30. Appendix
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