09 June 2022
Functional Beverages Market Insights | Share | Impact of COVID-19 | Industry Trends and Forecast to 2029.
Functional Beverages Market grows at a CAGR of 7.3% in the forecast period 2022-2029.
Impact of COVID-19 on the market:
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019 and has since spread rapidly around the world. China, Italy, Iran, Spain, the Republic of Korea, France, Germany and the United States are among the most affected countries in terms of reported positive cases and deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to blockages, travel bans and business closures. The global food and beverage industry is a major industry facing severe disruptions such as supply chain disruptions, technology event cancellations, and office closures due to this epidemic. China is the global manufacturing hub, with the presence and largest suppliers of raw materials. The general market collapse due to COVID-19 is also affecting the growth of the bacon market due to the closure of factories, the obstacle in the supply chain and the slowing of the world economy.
Market Analysis & Insights: Functional Beverages Market
The functional beverages market is expected to witness market growth at a rate of 7.3% in the forecast period of 2022 to 2029. Data Bridge Market Research report on functional beverages market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The growth in awareness globally is escalating the growth of functional beverages market.
Functional beverages refer to the non-alcoholic beverages as these drinks keep the body hydrated and possess a nutritious balance overall. These fortified drinks avoid health problems across different age groups. Functional beverages offer health-related benefits such as improving mental capacity, enhancing bone health, and strengthening the immune system, among others.
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Functional Beverages Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to functional beverages market.
Functional Beverages Market Country Level Analysis
The countries covered in the compression therapy market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
Functional Beverages Market Scope and Market Size
On the basis of type, the functional beverages market is segmented into probiotic drinks, energy drinks, fruit and vegetable juices, herbal and fruit teas, fortified water, rehydration solutions, dairy beverages, non-dairy beverages and others.
On the basis of packaging, the functional beverages market is segmented into bottle, tetra pack, sachet, tin can, and others.
On the basis of functions, the functional beverages market is segmented into hydration, energy and rejuvenation, health and wellness, weight management and others.
On the basis of distribution channel, the functional beverages market is segmented into supermarket/hypermarket, pharmacies/health stores, convenience stores, online retail stores, and other distribution channels.
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Key Players Functional Beverages Market
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TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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