Functional Beverages to See 11% Growth in 4 Years

Millennials are pushing the functional beverage market to likely grow 11% in the next four years, according to Research and Markets.

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Research and Markets has been monitoring the global functional drinks market 2020-2024 and it is poised to grow by USD 179.28 billion during 2020 to 2024, progressing at a CAGR of 11% during the forecast period. The report on the global functional drinks market 2020-2024 provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The market is driven by health benefits of functional drinks. In addition, increasing consumption by millennials is anticipated to boost the growth of the global functional drinks market 2020-2024 as well.

Key Trends for global functional drinks market 2020-2024 growth

This study identifies increasing consumption by millennials as the prime reasons driving the global functional drinks market 2020-2024 growth during the next few years. Prominent vendors in global functional drinks Market 2020 to 2024.The publisher provides a detailed analysis of around 25 vendors operating in the global functional drinks market 2020-2024, including some of the vendors such as Archer Daniels Midland Co., Danone SA, Monster Beverage Corp., Nestlà SA, NextFoods Inc., PepsiCo Inc., Red Bull GNBH, Suntory Holdings Ltd., The Coca-Cola Co. and The Kraft Heinz Co. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.