Fusion Beverages Market projected to Reach USD 8.46 Billion by 2026
According to the report, The global fusion beverages market in 2019 was approximately USD 5.74 Billion. The market is expected to grow above a CAGR of 5.7% and is anticipated to reach over USD 8.46 Billion by 2026.
Increasing competition and new developments in fusion beverages across the globe are expected to affect global competition for fusion beverages. The fusion beverage improves efficiency and promotes good health. The increase in health awareness, change and taste among consumers of fusion beverages is expected to see the lucrative growth over the forecast period.
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Fusion drinks also known as pure fuse is a tea forger and non-fruit drinks made up of vitamins. Fusion beverages can be referred to as the hybrid beverages produced by mixing beverage varieties. Fusion drinks are gaining tremendous popularity among consumers because they not only quench the thirst but also nutritional benefits. Fusion drinks are fortified with a variety of vitamins and antioxidants that are a good factor in maintaining good health and improving efficiency.
The fusion beverages market is segmented based on type, sales channel and region. On the basis of type segmentation, the market is classified into fruit juices, carbonated drinks, sports and energy drinks, fused alcohol, non-carbonated drinks, and fused tea and coffee. Based on application, the market is segregated into online, and offline.
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Some of the essential players operating in the fusion beverages market, but not restricted to include PepsiCo, Silver ice Beverages, Monster Beverage, Danone, Kraft Foods Group, Campbell Soup, MYX Beverage, Fusion Formulations, Future Consumer Ltd., Coca-Cola Company, Tata Global Beverages Ltd., and Others.
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