The Booming Functional Beverages Market: A Comprehensive Overview
June 15, 2023 ⚊ 1 Min read ⚊ Views 83 ⚊ BLOG
Global Functional Beverages Market Overview
The functional beverages market is an ever-growing industry that has seen exponential growth in the past few years. With the rise of health-conscious consumers, the demand for functional beverages has #skyrocketed. Functional beverages are drinks that contain ingredients that are designed to provide #healthbenefits . These beverages come in a variety of forms, including #energydrinks, tea, #sportsdrinks, and more. Functional Beverages Market Size was valued at USD 145.2 billion in 2022. The functional beverages market industry is projected to grow from USD 153.3 Billion in 2023 to USD 212.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2023 – 2030)
This growth is attributed to the increasing demand for functional beverages due to the health benefits they provide. In addition, the growing trend of
