Water purifiers are no longer considered to be consumer durables limited to affluent households. Increasing awareness coupled with lower prices have increased the penetration of water purifiers across lower income groups and rural households in the country. Reverse osmosis (RO) technology embedded in modern water purifiers is the most popular category.
Water purifiers range from simple water filters to advanced purifiers using membrane technology for water filtration followed by disinfection with ultraviolet (UV) lamp filters. Water purification has evolved, from using clay to filter out the sediments, to advanced water purification technologies that use electricity and the internet.
Import of household type water filters by value has grown at a compound annual growth rate (CAGR) of ~15.2%, where in terms of volume, it has gone down at a CAGR of ~21.5% during FY 2014 to FY 2018 due to a reduction in customs duty. Bangladesh is the largest importer of water filters for homes both in terms of value and volume for FY 2017 and FY 2018, followed by Philippines, Indonesia and Sri Lanka among others.

Key growth factors

o Manufacturers are producing affordable water-purifying units in order to penetrate the market. The price of water purifiers range from INR 500 – INR 20,000. Low-cost purifiers are easy to maintain and the refilling/refurbishing cost is also not very high.
o India has the world’s highest number of people who are without access to clean water. Moreover, challenges such as acute shortage, excessive salinity, and depleting underground water reserves plague the water distribution system. The proportionate levels of total dissolved solids (TDS), hardness, chlorides, and nitrates among others responsible for water contamination, have exceeded the permissible limits in certain parts of Mumbai, Delhi, Bangalore, Lucknow, Pune, Hyderabad, Kolkata and Chennai.

Threats and key players

o Water purifiers are considered to be a push product requiring considerable concept selling in rural markets, and penetration of water purifiers in rural India is also lower due to economic factors, poor sales and lack of distribution networks
o Eureka Forbes Limited, KENT RO Systems Limited, Blue Star Limited, Hindustan Unilever Limited and Tata Chemicals Limited are some of the major players operating in the Indian water purifier market

What is covered in the report?

1. Overview of the Indian water purifier market
2. Historical, current and forecasted market size data for the Indian water purifier market (2016 to 2023)
3. Qualitative analysis of the Indian water purifier market and its segments (by company- Eureka Forbes, Kent Ro, Livpure and others)
4. Trade analysis of the water purifier market in India
5. Qualitative analysis of the major drivers and challenges affecting the market
6. Analysis of the competitive landscape and profiles of major players operating in the market
7. Key recent developments associated with the water purifier market in India

Why buy?

1. Get a broad understanding of the water purifier market in India, the dynamics of the market and current state of the sector
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the water purifier market in India
4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

The post Water Purifier Market in India (2018-2023) first appeared on CRI Report.

The television market currently consists of televisions that cover a wide range of new technologies that go beyond the conventional cathode ray tube (CRT) format. Increasing innovation coupled with lower prices have augmented the penetration of flat-panel display across all income groups in the country.

Usage of television is no longer an urban phenomenon now with penetration of television in more than 99 Mn homes in rural India. TV manufacturers are rapidly adopting marketing of light-emitting diode (LED) TVs as they are sharper, colorful and more detailed, offering higher resolution pictures. With the decreasing trend in the prices of televisions, consumers tend to replace their televisions every five years.

Market segmentation

Samsung, Sony and LG are the three major television manufacturers that dominates the Indian television market. Liquid crystal display (LCD) and organic light emitting diode (OLED) comprise the two major segments in the global television market. The super-premium segment includes OLED and ultra-high-definition (UHD) or 4K televisions. The festive season in India starting in August with Independence Day till Diwali in October, primarily drives consumers buying across all markets.

Key growth factors

o The rapid growth of internet connectivity across the country, especially in tier II and III cities, is giving greater access to online entertainment portals to the tech-savvy generation. Flat-panel displays are extremely popular in urban areas as it occupies significantly less space and power consumption in comparison to CRT monitors.

o Digital influence on broader consumer spending is significant and is growing rapidly. The implementation of the cable digitization mandate further aided by over the top (OTT) services has contributed vastly to the expanding popularity of new age televisions.

Threats and key players

o The method of viewing content has gradually shifted from television to smartphones among the Indian consumers. Smartphones acting as a substitute for television is hindering the growth of the television market.

o Indian manufacturers are highly dependent on import for sourcing major portions of the television components. Developing broadcast content and infrastructure for 4K television in India is still a steep task with only a handful of players keeping pace.

o BPL Limited, Mirc Electronics Limited, Intex Technologies (India) Limited, Micromax Informatics Limited and LG Electronics India Private Limited are some of the major players that are operating in the Indian television market.

What is covered in the report?

1. Overview of the Indian television market
2. Historical, current and forecasted market size data for the Indian television market (2016 to 2023)
3. Qualitative analysis of the Indian television market and its segments, by company (Samsung, Sony, LG and others), by technology (UHD, full HD, HD, flat-panel display units sold – company-wise – Samsung, Sony, LG, Videocon Group, Panasonic, Others, Unorganized/grey)
4. Trade analysis of the television market in India
5. Qualitative analysis of the major drivers and challenges affecting the market
6. Analysis of the competitive landscape and profiles of major players operating in the market
7. Key recent developments associated with the television market in India

Why buy?

1. Get a broad understanding of the television market in India, the dynamics of the market and current state of the sector
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the television market in India
4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

Global Android STB and TV Market Research Report—Forecast till 2025

The post Television Market in India (LED, LCD, HD, UHD) (2018-2023) first appeared on CRI Report.

Ready-to-eat or RTE food products are defined as that form of animal or plant derived food that can be offered to the customer after being washed, cooked, frozen and processed. RTE food items are already prepared and can be consumed only after heating. Such products are convenient for the consumers since it saves both time and energy.
The concept of RTE food was introduced in India in 1987 by a Pune based company named Tasty Bites Eatables. The products launched initially did not get much popularity among the contemporary Indian consumers.
In the recent years, RTE items have gained popularity due to busy lifestyles, increased tourism and changing food habits across India. Currently, the RTE items are considered to be the largest segment of the overall food industry comprising both conventional and non-conventional products. Over time, the Indian RTE products, especially the cereal, vegetable and meat based items have shown significant demand among the non-resident Indians.

Key growth factors

o The average income level of Indians have been increasing in the recent years. In addition to it, nowadays, both men and women work. As a result, the number of people earning in a given family is increasing. This has in turn raised the per capita spending capacity. These factors are increasing the average consumption of RTE products in India.

o As per the United Nations (UN) World Urbanization Prospects 2018 report, the rate of urbanization has increased to a considerable level since the 2009 census. The fast changing urban lifestyle and the new trend of living away from home for studying and employment purposes have eventually resulted to the growing demand of RTE food in India.

Threats and key players

o The Indian food processing market faces serious problem due to the lack of effective product distribution system. Also, the elderly population of the country has a negative perception about the nutritional value of packaged RTE products. Such mind-set and increased health concern among Indians are affecting consumer behaviour adversely.

o ADF Foods Ltd., ITC Ltd., Kohinoor Foods Ltd., Venky’s India Ltd., Aakriti Foods Pvt. Ltd. and Gits Food Products Pvt. Ltd. are some of the major players operating in the Indian RTE market.

What is covered in the report?

1. Overview and structure of the Indian RTE market
2. Detailed description of the value chain of the RTE products in India
3. Historical, current and forecasted market size data for the Indian RTE market (2017 to 2023)
4. Qualitative analysis of the Indian RTE market based on competitive forces addressed by Porter’s five forces analysis
5. Trade analysis of the RTE market in India
6. Qualitative analysis of the major drivers and challenges affecting the market
7. Analysis of the competitive landscape and profiles of major players operating in the market

Why buy?

1. Get a broad understanding of the RTE market in India, the dynamics of the market and current state of the sector
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

The post Ready-to-Eat Market in India (2018-2023) first appeared on CRI Report.

Pharmacy retail refers to the sale of pharmaceutical products, which include over-the-counter (OTC) drugs and prescription drugs. Pharmacy retail stores also sell various FMCG products along with pharmaceutical products and its related services.
Advent of online pharmacy and the emergence of Ayurvedic product retailers in the Indian market is helping the market expand rapidly. Looking at the potential of this segment, several offline retailers too have started online stores in order to increase revenue.
Growing health awareness among consumers and knowledge of the additional services offered by organized players shall result in a gradual shift from unorganized pharmacies towards modern pharmacy retail outlets.

Key growth factors

o Enhancement in medical infrastructure, growth in the number of middle class households and increased penetration of health insurance highly impact the growth of the domestic pharmaceuticals sector.
o Stress, sedentary lifestyles and unhealthy food habits are the most common reasons for the increase in number of patients who suffer from lifestyle-based ailments. This will regulate medication on an ongoing basis, which in turn will make prescription-based medicines mandatory that will help in the expansion of the pharmacy retail market in India.

Threats and key players

o Pharmacy retailing is a capital intensive business proposition and its set-up involves strategic location of outlets and the margin is fixed based on the government’s stipulated prices.
o Apollo Pharmacy Private Limited, Emami Frank Ross Limited, MedPlus Health Services Private Limited, Netmeds Marketplace Limited, RWL Healthworld Limited and The Himalaya Drug Company Private Limited are some of the major players operating in the Indian pharmacy retail market.

What is covered in the report?

1. Overview of the Indian pharmacy retail market
2. Historical, current and forecasted market size data for the Indian pharmacy retail market (2017 to 2023)
3. Qualitative analysis of the Indian pharmacy retail market
4. Qualitative analysis of the major drivers and challenges affecting the market
5. Analysis of the competitive landscape and profiles of major players operating in the market
6. Key recent developments associated with the pharmacy retail market in India

Why buy?

1. Get a broad understanding of the pharmacy retail market in India, the dynamics of the market and current state of the sector
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the pharmacy retail market in India
4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

The post Pharmacy Retail Market in India (2018-2023) first appeared on CRI Report.

Consumers in general avail both online and offline sources of information for booking their journeys, among which ~12% of the consumers prefer to use offline sources for research, ~57% believe that the online channels give them better deals and find it more convenient to book online. With the advent of internet and emergence of artificial reality (AR), the online travel industry in India is changing rapidly due to which a growing number of Indians have turned to the convenience of the web for better travel prices and accommodations.
As smartphones have progressively become ubiquitous, mobile applications have emerged as the most critical point of interaction with consumers for any travel business, and a number of niche offerings such as medical tourism and eco-tourism are expected to create more demand for travelling. Several hotel chains and airlines are focusing on generating direct hotel bookings through their own websites and mobile applications.

Market segmentation

The online travel services market in India is segmented by category into railway tickets, hotel bookings and others (air, tour packages). Air tour package segment is expected to be the largest growing segment due to the availability of greater number of deals, offers and many more. In case of air travel, the flight tickets are more expensive, and hence revenue generation is more from air tickets.

Key growth factors

o Mobile applications have brought the most significant reform in travel, which have enabled the entire user experience to be available on the go. On an average, the consumers spend many hours on different online websites to plan, research and make a booking for vacations. Travellers have started opting for numerous shorter holidays throughout the year which in turn is driving the sales of various travel products and services.
o Government has taken up several projects pertaining to the development of roads, railways and airports, which is likely to boost tourism. Several measures have been taken to curb frauds in the digital platform by introducing safer avenues and gateways for making payments.

Threats and key players

o People in India still use 3G or even slower networks, which result in people taking the traditional routes to book tickets
o The internet penetration in the rural areas is low.
o Middle-aged and elderly people are reluctant to opt for online travel bookings due to technological involvement, which becomes very inconvenient for them, and hence, they opt for offline modes for booking tickets.
o Cox & Kings Limited, International Travel House Limited, Thomas Cook (India) Limited Cleartrip Private Limited, Expedia Corporate Travel Online India Private Limited, Ibibo Group Private Limited, MakeMyTrip (India) Private Limited, Oravel Stays Private Limited RedBus.in and Yatra Online Private Limited are some of the major players operating in the Indian online travel services market.

What is covered in the report?

1. Overview of the online travel services market in India
2. Historical, current and forecasted market size data for the Indian online travel services market (2016 to 2023)
3. Qualitative analysis of the Indian online travel services market and its segments (by category- railway tickets, hotel booking and others)
4. Qualitative analysis of the major drivers and challenges affecting the market
5. Analysis of the competitive landscape and profiles of major players operating in the market
6. Key recent developments associated with the online travel services market in India

Why buy?

1. Get a broad understanding of the online travel services market in India, the dynamics of the market and current state of the sector
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the online travel services market in India
4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

The post Online Travel Services Market in India (2018-2023) first appeared on CRI Report.

Fasteners are generally used to join the different parts of items by using nuts and bolts, washers, screws, clips, clamps and other products. The global industrial fasteners industry is considered to be highly fragmented and is competitive in nature, with small and large scale manufacturing companies operating in the United States, China, Japan, Germany, and India.
The market is expected to reach a value of INR 7,706 Bn by 2023, expanding at a CAGR of ~6.5% from 2018. Rising demand for fasteners in the automotive industry, coupled with an increase in construction and manufacturing spending in emerging countries like China, Brazil, Saudi Arabia, Australia, Indonesia and India, is expected to drive the demand for industrial fasteners during the forecast period.

Asia-Pacific was the largest market for fasteners in 2017, accounting for a major share of the fasteners manufactured globally. The major reason for this growth can be attributed to the increasing number of construction activities and growing automobile manufacturing in countries like China and India. Europe is one of the largest markets for industrial fasteners apart from being the second largest industrial fasteners manufacturing region in the world. However, lack of product differentiation and elasticity of prices of raw materials such as alloys, stainless steel and copper are hindering the growth of the market.
Precision Castparts Corporation, Stanley Black & Decker Inc., Wilhelm Böllhoff GmbH & Co. KG and Nitto Seiko Co. Limited, are the top four industrial fasteners manufacturing companies.

India industrial fasteners market

Owing to its application in diverse sectors, a wide range of fasteners are manufactured in the Indian market, which include exhaust bolts, balance wheel bolts, standard hexagon screws/bolts, socket head cap screws, socket shoulder screws, weld nuts, square nuts, hexagon nuts, self-tapping screws and others. With help from the Indian government’s ‘Make in India’ initiative, the Indian manufacturing sector is expected to generate huge demand for the industrial fasteners market.
The Indian industrial fasteners market is expected to reach a value of INR 460 Bn by 2023 expanding at a CAGR of ~9.6% from 2018. Fastener companies usually sell their products in India through various distribution channels – distributors, direct dealers, online channels and industrial events. De-licensing of the industry is facilitating the entry of major global manufacturers in the Indian market. The majority of fasteners that were imported by India in FY 2018 was other screws and bolts, whether or not with their nuts or washers followed by other non-threaded articles and threaded nuts.

Market segmentation

The Indian industrial fasteners market is segmented on the basis of application, product type and the organization of the market. The Indian automotive sector is expected to be the largest consumer of industrial fasteners, accounting for a major share of the market by 2023. This will be because of owing to increased automotive manufacturing in the country. It is followed by the construction and the engineering sector.
High-tensile fasteners are mainly used in the construction and engineering sector, whereas mild steel fasteners are used in manufacturing automobiles. Currently, there has been a shift in preference of manufacturing fasteners by using stainless steel, iron, brass, aluminium, nickel and plastics and composites.

Key growth factors

o Increasing sale of automobiles in India is significantly driving the growth of the auto ancillary market in the country, including automobile sector-specific fasteners. Growing usage of fasteners for manufacturing automotive parts such as engines, chassis, moulding, suspension system and wheels among others, is expected to drive the growth of the Indian industrial fasteners market during the forecast period.

Threats and key players

o Spurious and low quality fastener affect longevity adversely, and may result in accidents with catastrophic consequences

o The price of steel in India is influenced by demand-supply forces and international prices. The increasing prices of raw materials like these, which are used in the manufacture of industrial fasteners, reduce profitability.

o Lakshmi Precision Screws Limited, Sundram Fasteners Limited, KOVA Fasteners Private Limited, and Precision Castparts Corporation Fasteners are some of the major players that are operating in the Indian industrial fasteners market.

What’s covered in the report?

1. Overview of the global industrial fasteners market
2. Historical, current and forecasted market size data for the global industrial fasteners market (2017 to 2023)
3. Qualitative analysis of the global industrial fasteners market and its segments [by application – construction, engineering (including machinery used in manufacturing activities), automotive and others (including oil refinery, chemicals, MRO activities), region-wise manufacturing split – Asia-Pacific, Europe, North America, and other regions (includes Africa and Latin America)]
4. Qualitative analysis of the major drivers and challenges affecting the global industrial fasteners market
5. Overview of the Indian industrial fasteners market
6. Historical, current and forecasted market size data for the Indian industrial fasteners market (2017 to 2023)
7. Qualitative analysis of the India industrial fasteners market and its segments [by application – construction, engineering, automotive and others (including chemical, oil refinery, solar industry, and textile machinery) by product-type (High Tensile Fasteners and Mild Steel Fasteners)]
8. Overview of steel bolt, high tensile nut and manufacturing process
9. Trade analysis of Indian industrial fasteners market
10. Major industrial fasteners manufacturing clusters overview
11. Qualitative analysis of the major drivers and challenges affecting the market
12. Analysis of the competitive landscape and profiles of major players operating in the market

Why buy?

1. Get a broad understanding of the global and Indian industrial fasteners market, the dynamics of the market and its current state
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the industrial fasteners market in India
4. Understand major competitors’ business strategies and market dynamics, and respond accordingly to benefit from the market

The post Industrial Fasteners Market Global and India 2018-2023 first appeared on CRI Report.

With increasing internet penetration and rising popularity of the e-commerce market, footwear manufacturers, having a presence over the e-commerce ecosystem, are using the internet not only for driving sales but also to monitor consumer-buying behavior, and are accordingly offering a personalized experience to customers. Through e-commerce platforms companies also provide fast and convenient functional experience to customers like easy payment option, grievance management, after sales service and competitive pricing.

Market segmentation

The Indian footwear market is segmented by end user-wise sales, and type-wise market segmentation in which casual footwear contributes chiefly to the total revenue.

Key growth factors

o Increase in disposable income and per capita income has revolutionized the consumers’ buying and spending pattern towards apparel and footwear. A greater proportion of the overall Indian population, which includes tier I and II cities as well as smaller towns, now have considerably higher spending power, as a result of which, expansion of the footwear market is gaining mass momentum.
o The emergence of organized retail and e-tailing plays a major role in the development of the Indian footwear market. The modern retailing has resulted in increased accessibility, evaluation of a large number of alternatives, and special offers and discounts to attract customers.

Threats and key players

o In India, the unorganized footwear market accounts for 85% of total market and give stiff competition to organised sector players. Unorganised players have a lot of advantages over organised players like lower sales tax and lower labor cost.
o Khadim India Limited, Liberty Shoes Limited, Relaxo Footwear Limited, Sreeleather Limited, Bata India Limited and Adidas India Private Limited are some of the major players operating in the Indian footwear market.

What is covered in the report?

1. Overview of the Indian footwear market
2. Historical, current and forecasted market size data for the Indian footwear market (2017 to 2023)
3. Qualitative analysis of the Indian footwear market and its segments (end-user wise sales, organized vs unorganized split, material wise segmentation, type-wise market segmentation)
4. Trade analysis of the footwear market in India
5. Qualitative analysis of the major drivers and challenges affecting the market
6. Analysis of the competitive landscape and profiles of major players operating in the market
7. Key recent developments associated with the footwear market in India

Why buy?

1. Get a broad understanding of the footwear market in India, the dynamics of the market and current state of the sector
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the footwear market in India
4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

The post Footwear Market in India (2018-2023) first appeared on CRI Report.

The auto ancillary industry is the other side of the automotive industry, which deals with the manufacturing and selling of intermediate parts, equipment and chemicals among others. The auto ancillary supply chain members are original equipment manufacturers (OEMs), tier I, tier II, tier III manufacturers and intermediaries. OEMs deal in high-value instruments and dominate the market, while the unorganized sector serves the aftermarket and deals in low-value products.

Market segmentation

The Indian automobile market is segmented by domestic sales into different categories of automobiles in which two wheelers hold the largest share in domestic sales.
The Indian auto ancillary market is segmented on the basis component supply to OEMs which include passenger vehicles, two wheelers, medium and heavy commercial vehicles, light commercial vehicles, tractors, three wheelers and others. On the basis of type-wise market segmentation, engine parts contribute the major chunk to the market turnover.

Key growth factors

o India has a young population base with high purchasing power, which will lead to an increase in first-time vehicle purchases. Increasing disposable income and higher per-capita income of the middle class will also lead to new vehicle purchases along with repurchase of vehicles.

o India being the third largest steel producer provides cost advantage to the auto components manufacturers as steel is a major raw material for them. Clusters of the automotive industry have the advantage of proximity to water-based transport hubs around the country.

Threats and key players

o Technological advancement like green mobility has created a need to focus on more research and development (R&D) and innovations in supply chain in the auto ancillary market, and local suppliers need to adapt with the changing technological trends to survive in the market.
o Amtek Auto Limited, Bharat Forge Limited, Bosch Limited, Exide Industries Limited, Gabriel India Limited and Mahindra CIE Automotive Limited are some of the major players operating in the Indian auto ancillary market.

What is covered in the report?

1. Overview of the Indian auto ancillary market
2. Historical, current and forecasted market size data for the Indian auto ancillary market (2016 to 2023)
3. Qualitative analysis of the Indian auto ancillary market and its segments (automobile sales split, organized vs unorganized split, component supply to OEMs, type-wise market segmentation)
4. Trade analysis of auto ancillary in India
5. Qualitative analysis of the major drivers and challenges affecting the market
6. Analysis of the competitive landscape and profiles of major players operating in the market
7. Key recent developments associated with the auto ancillary market in India

Why buy?

1. Get a broad understanding of the auto ancillary market in India, the dynamics of the market and current state of the sector
2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market
3. Be informed regarding the key developments in the auto ancillary market in India
4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

The post Auto Ancillary Market in India (2018-2023) first appeared on CRI Report.

Regional Analysis:
The global functional beverages market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. Europe is estimated to dominate the global functional beverages market in 2018. The European market is projected to reach to USD 74.26 billion by the end of 2023. Consumers are increasingly opting for healthy and nutritional drinks over calorie-heavy soft drinks, which is driving the growth of the functional beverages market in the region. In Europe, Germany and the UK are expected to contribute greatly to market growth. The functional beverages market in Asia-Pacific is projected to register a substantial CAGR of 7.29% during the forecast period. Rising health awareness is one of the major factors for increasing product demand in the region. In addition, key manufacturers of functional beverages are targeting the market in Asia-Pacific. The North American market is expected to account for 29.34% of the market share in 2018 and is projected to register a moderate growth rate during the forecast period.

Segments
The global functional beverages market has been segmented, on the basis of type, into energy drinks, functional fruit and vegetable juices, sports beverages, prebiotic and probiotic drinks, functional dairy products, dairy alternative beverages, and others. In 2017, the sports beverage segment accounted for the majority market share of the global functional beverages market and is projected to reach USD 63.88 billion by the end of 2023. However, the functional fruit and vegetable juices segment is projected to register the highest CAGR of 7.13% during the review period.
On the basis of function, the global functional beverages market has divided into hydration, energy and rejuvenation, health and wellness, and weight management. In 2017, the health and wellness segment is expected to account for the maximum market share and is projected to reach USD 91.25 billion by the end of 2023.
The global functional beverages market has been also been categorized, on the basis of distribution channel, as store-based and non-store-based. The store-based segment is expected to be the larger market while the non-store-based segment is projected to be the faster-growing market at the higher CAGR of 7.08% during the assessment period.

Key Players:
The leading market players in the global functional beverages market are PepsiCo Inc. (US), the Coca-Cola Company (US), Nestle SA (Switzerland), Danone (France), Kraft Heinz Company (US), Fonterra Co-operative Group Ltd (New Zealand), Mondelez International Inc. (US), Monster Beverage Corporation (US), Campbell Soup Co. (US), and Hain Celestial Group (US).

Target Audience:
• Food & beverage manufacturers
• Functional beverage manufacturers
• Raw material suppliers

• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters

Key Findings:
• The sports beverage segment of the global functional beverages market, by type, is expected to be the largest market during the forecast period of 2018 to 2023. However, the functional fruit and vegetable juices segment is projected to register the highest CAGR of 7.13% during the review period.
• The health and wellness function segment is expected to exhibit a CAGR of 6.31% during the forecast period to reach USD 91.25 billion by the end of 2023. The energy and rejuvenation segment is projected to register a CAGR of 7.07% during the review period.
Global Functional Beverages Market Research Report—Forecast till 2023:
As per MRFR analysis, the global functional beverages market is estimated to reach USD 234.48 billion by the end of 2023 at a CAGR of 6.63% during the forecast period.

The report also offers a regional analysis:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia and New Zealand
o Rest of Asia-Pacific
• Rest of the World
o Latin America
o Middle East
o Africa

The post Global Functional Beverages Market Research Report – Forecast to 2023 first appeared on CRI Report.