2020 Impact Of Covid-19 On The Functional Beverages Market Growth And Trends
Posted by srikanth on December 8th, 2020
The Business Research Company’s latest report Functional Beverages Global Market Report 2020 covers Functional Beverages market drivers, Functional Beverages market trends, Functional Beverages market segments, Functional Beverages market growth rate, Functional Beverages market major players, and Functional Beverages market size. The report provides in-depth analysis of the impact of COVID-19 on the Functional Beverages industry, along with revised market numbers due to the effects of the coronavirus.
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Functional Beverages Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global functional beverages market reached a value of nearly 8,660 million in 2019, having increased at a compound annual growth rate (CAGR) of 4.6% since 2015. The market is expected to decrease from 8,660 million in 2019 to 5,390 million in 2020 at a rate of -2.5%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8.07% from 2021 and reach 8,280 million in 2023.
The report covers the Functional Beverages market’s segments-
1) By Type: Energy Drinks, Sports Drinks, Nutraceutical Drinks, Dairy-Based Beverages, Juices, Enhanced Water, Others.
2) By Function: Health And Wellness, Wealth Management.
3) By Distribution Channel: Brick And Mortar, Specialty Foodservice Stores, Online.
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About the Authorsrikanth
Joined: December 17th, 2019
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