SAN FRANCISCO, October 3, 2018 /PRNewswire/ --
The global functional drinks market size is expected toreach 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.
Browse full research report with TOC on "Functional Drinks Market Size, Share & Trends Analysis Report By Type (Sports Drinks, Energy Drinks, Nutraceutical Drinks), By Region (US., Canada, Mexico, U.K.), And Segment Forecasts, 2010 - 2019" at: https://www.grandviewresearch.com/industry-analysis/functional-drinks-market
Further Key Findings From the Report Suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global functional drinks market based on type and region:
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.
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.
Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: +1-415-349-0058 Toll Free: 1-888-202-9519 Email: firstname.lastname@example.org
SOURCE Grand View Research, Inc.
Subscribe to our Free Newsletters!