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June 5, 2020, 5:18 a.m. EDT

Functional Foods and Beverages Market Affects due to Coronavirus Pandemic | Know The Short and Long-Term Actions Taken by Key Players

Key Company Covered in the Functional Foods and Beverages Market Report are The Coca-Cola Company, Celsius Holdings, Inc., PepsiCo, Inc., Glanbia plc, Nestle S.A., Arla Foods amba, Hearthside Food Solutions LLC

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Jun 05, 2020 (The Expresswire) -- The global functional foods and beverages market size is projected to reach USD 412.22 million by 2026, exhibiting a CAGR of 8.49% during the forecast period. Increasing malnutrition worldwide will be the primary growth driver for this market in the near future, shares Fortune Business Insights™ in its new report, titled “Functional Foods and Beverages Market Size, Share and Industry Analysis, By Type (Cereals and Grains, Fats and Oils, Dairy Products, Bakery Products, and Other Functional/Fortified Foods) Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others), and Regional Forecasts, 2019 2026”.

List of Key Players Covered in the Report:

  • The Coca-Cola Company

  • Celsius Holdings, Inc.

  • PepsiCo, Inc.

  • Glanbia plc

  • Nestle S.A.

  • Arla Foods amba

  • Hearthside Food Solutions LLC

  • Tyson Foods, Inc.

  • General Mills, Inc.

  • Danone S.A.

Gain More Insights into the Functional Foods and Beverages Market Research Report

https://www.fortunebusinessinsights.com/functional-foods-market-102269

According to the World Health Organization (WHO), close to 462 million people are underweight and 52 million children under the age of 5 are suffering from wasting. Moreover, roughly 45% of deaths among children below 5 years of age occur due to under-nutrition. As a result, governments have spurred into action in both developed and developing countries. For instance, in 2019, the UK government made it mandatory to fortify flour with folic acid to prevent occurrence of congenital disabilities in children. Similarly, in July 2019, the Indian government announced distribution of rice fortified with folic acid, Vitamin B12, and iron through the Public Distribution System (PDS). The market for functional foods and beverages, thus, stands to gain from these developments.

The functional food and beverages market report states that the value of this market stood at USD 216.25 million in 2018. Other than this, the report contains the following:

  • Detailed segmentation of the market and piece-meal study of the each segment;

  • Exhaustive research into the various market drivers and restraints;

  • Comprehensive analysis of the regional developments and competitive milieu of the market; and

  • Panoramic understanding of the industry outlook and trends shaping the market.

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