Worldwide,
functional drinks form an integral part of the daily life in several
cultures. In Asia, consumers tend to prefer dairy-based drinks, while
in the western markets such as the U.S. and Europe, consumers prefer
a wide range of products such as enhanced juices and waters. On the
other hand, the consumption of sports and energy drinks is rising in
Mexico and South America. The global functional drinks market is
expected to demonstrate a healthy growth rate in the coming few years
due the increasing demand of these drinks from consumers around the
world.
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In
addition to this, the growing consumer awareness about the benefits
of functional drinks will also propel the global functional drinks
market. Manufacturers in the global functional drinks market are
offering products that are in tune with the shifting consumer
demands. Hence, they are supplying products such as immunity drinks,
vitamin-containing water, amino-acid fortified functional beverages,
and others. The global functional drinks market is broadly segmented
on the basis of geography and products.
The
report on the global functional drinks market studies the latest
consumer trends in several regions of the world. Each regional
functional drinks market has been evaluated in detail in the research
study. This delivers an in-depth perspective to readers about the
consumer trends shaping the regional functional drinks market.
Furthermore, the report also talks about investment feasibility of
these regional markets and new product development to help
established companies or new entrants penetrate the market
effectively.
Overview
of the Global Functional Foods market
The
global
functional drinks market is gaining traction due to the
introduction of new products and quality development of existing
products. Companies in the global functional drinks market are
embracing innovation, which has resulted in functional drinks
occupying shelves in supermarkets faster. In the past decade, the
global functional drinks market has demonstrated a positive growth
and is expected to expand significantly in the forthcoming years.
By
product-type, the global functional drinks market is divided into
sports drinks, energy drinks, and nutraceutical drinks. Sports drinks
that feature new and innovative flavors are playing a vital role in
the development of the global functional drinks market. Energy drinks
have high glucose content due to which they are increasingly demanded
by consumers from different field of work. On the other hand,
nutraceutical drinks are targeted towards a particular class and
presently occupy the smallest market share.
Geographically,
the global functional drinks market is divided into North America,
Europe, Asia Pacific, and Rest of the World (RoW). Asia Pacific.
Among these regions, North America held significant share in the
global functional drinks market.
Companies
mentioned in the research report
Players
in the global functional drinks market are competing on the basis of
innovation. However, these products are regulated closely by the EFSA
(European Food Safety Authority) and the U.S. FDA (Food and Drug
Administration) to ensure product safety and health claims. Some of
the key companies operating in the global functional drinks market
are PepsiCo, Coca Cola Enterprises, Kraft, Red Bull, Nestle, Tata
Tea, Jivita LLC, GSK, Old Orchard Brands, RushNet, Cadbury Schweppes,
Taut, Energy69, and others.
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