San Francisco, 23 October 2018 , The
global functional drinks market size is expected
to reach USD 93.68 billion by 2019, according to a new study by Grand View
Research, Inc., progressing at a CAGR of 6.1% during the forecast period.
Globally,
the market for functional drinks is treading along a healthy growth track. It
is particularly true in countries such as the U.K., U.S., and China. Despite
functional drinks being more expensive than conventional substitutes (such as
carbonated drinks), the market is expected to post noteworthy growth during the
forecast period.
The global
functional drinks market reached a valuation of USD 69.68 billion in 2014. As
health awareness becomes an increasingly important issue in many countries,
consumers may shift from sugary soft drinks to healthier alternatives in the
functional drinks segment, boosting market growth.
In U.S.,
large chain stores such as Walmart have strong presence. These stores offer
consumers a more extensive choice of products at lower prices than smaller
competitor supermarkets. Influx of new flavors and products is also working in
favor of the market.
Full Research Report On Functional Drinks Market Analysis:
www.grandviewresearch.com/industry-analysis/functional-drinks-market
www.grandviewresearch.com/industry-analysis/functional-drinks-market
Further key findings from the report suggest:
·
The global functional drinks market is
fragmented in nature, with the top four players holding 55.2% of the total
market
·
The U.S. functional drinks market is
expected to register a CAGR of 6.1% in terms of revenue over the forecast
period, owing to rising penetration of functional drinks in the U.S.
·
Energy drinks formed the largest segment in
the global functional drinks market, accounting for 55.8% of the total value in
2014
·
Key participants include The Coca-Cola
Company, Monster Beverage Corporation, PepsiCo, Red Bull GmbH, Otsuka Holdings
Co., Ltd, Suntory Group, Danone SA, and Nestlé.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the
global functional drinks market based on type and region:
Functional
Drinks Type Outlook (Revenue, USD Billion, 2010 - 2019)
·
Energy drinks
·
Sports drinks
·
Nutraceutical drinks
Functional
Drinks Regional Outlook (Revenue, USD Billion, 2010 - 2019)
·
U.S.
·
Canada
·
Mexico
·
UK
Access Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-functional-drinks-market
www.grandviewresearch.com/press-release/global-functional-drinks-market
About Grand View
Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com/
