Global Fortified Beverage Market Overview:
The global fortified beverage market is expected to grow at a slow pace during the forecast period, according to the AMA study. increasing health concerns relayted to age, myopia in adults, and other diseases, and the growing consumption of vitamin enhanced products are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness a slight decline in the growth during the next few years but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over.
- Increasing Health Concerns Related to Age, Myopia in Adults and Other Diseases
- The Growing Consumption of Vitamin Enhanced Products
- The Rising Global Expenditure on Healthy Food & Beverages Propelled by Rising Disposable Income
- The Outbreak of COVID-19 Pandemic is one of the Major Restraints for the Market as Most of the Industries have been Facing Economic Crisis Across the World
- Growing Awareness Related to Nutrient Deficiencies Including Vitamin A, Vitamin D, Iron, and Iodine
- Challenges Due to Lack of Transportation & Logistics Due to Lock-Down of Different Sectors Across the World
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Some of the key players profiled in the report are Danone SA (France), Nestle SA (Switzerland), The Coco Cola Company (United States), The Boots Company PLC (United Kingdom), Tropicana Products Inc. (United States), General Mills, Inc. (United States), Abbott Laboratories (United States), Sanitarium Health and Wellbeing Company (New Zealand), Karma Wellness Water (United States) and Califia Farms (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Fortified Beverage market by 2025. Considering Market by Distribution Channel, the sub-segment i.e. Hypermarkets will boost the Fortified Beverage market. Considering Market by Mixture, the sub-segment i.e. Alcoholic will boost the Fortified Beverage market.
Stringent Worldwide Government Regulations Regarding Shutting Down the Production & Services Across Different Countries of the World to Avoid the Spread of COVID-19
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Fortified Beverage market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Fortified Beverage market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.