The Global Functional Beverage Market Growth Accelerated By Increased Demand For Health And Wellness Products
Functional Beverage Market Functional beverages consist of nutritive ingredients that provide health benefits beyond basic hydration. They offer nutrients, vitamins, minerals, fibers, and other components that help in boosting immunity or improving physical or cognitive performance. The increasing health consciousness among people has accelerated the demand for beverages rich in functional ingredients like vitamins, herbs, amino acids, teas, juices, and probiotics. The global Functional Beverage Market is estimated to be valued at US$ 191.54 Bn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing demand for health and wellness products is one of the major trends driving the functional beverage market. Consumers are increasingly focusing on preventive healthcare and immunity enhancement. The COVID-19 pandemic has further heightened health...