Title: Singapore Functional Beverages Market Foresee Positive Growth in Future: Ken Research
1Singapore Functional Beverages Market Foresee
Positive Growth in Future Ken Research
2Insufficient exercise and less consumption of
convenience food busy lifestyles leading to
health deterioration increased incidence of
self-medication growing awareness among people
regarding the connection between their diet and
health, thanks to the inflow of information on
these topics from the health authorities and the
media a competitive market with many players,
has all led to the diffusion of functional foods.
Moreover, the economic potential of functional
food products has been realized by many
stakeholders who are beginning to consider these
products as highly important for public health
prevention.
3- According to some authors, the widespread
consumption of the functional foods can reduce
the expenditure on healthcare by around 20
annually. - Many parts of the world, including the
Asia-Pacific have seen an increased demand for
healthy food and beverages over the last decade.
Deteriorating health due to hectic lifestyles of
consumers which do not give them the time to
focus on their nutritional well-being and
exercise and the rising costs of health care have
been fueling the demand for functional food and
beverages. - The growing desire of consumers to eat healthy,
have proper intake of required nutrition and be
able to self-medicate themselves has resulted in
the consumers striving towards a healthier and
more nutritious well-being. This has been
supported
4- by public and political offices by various policy
decisions, for example, the decision by the
government of United Kingdom to implement a tax
on sugared drinks by the year 2018. - The market for functional drinks can be segmented
into three product categories sports drinks,
energy drinks and nutraceutical drinks. The use
of functional drinks for specific purposes and to
perform a particular function or to provide a
particular nutrient has resulted in the category
becoming highly targeted and specific. This has
resulted in a slew of new startups all over the
world, which are looking to serve some specific
niche market with the help of specific functional
drinks as their product. - The report titled Fortified/Functional Beverages
in Singapore provides a detailed and in-depth
analysis of the
5Fortified/Functional beverages market in
Singapore by giving the shape and size of the
market. The report also provides the forecast of
the future for the market thus providing the
trajectory that the market is expected to take in
the near future. There has been decline in
volumes of a large number of wellness and health
products in 2016 owing to a shortage of the
imported raw materials needed to manufacture
these products. This has made reversing the
downward trend shown by the market in 2012-2015
impossible. The fall in the global oil prices has
majorly resulted in a decline in revenues from
the activities related to oil and the government
became unable to maintain imports of the raw
materials after 2010 until when the government of
Singapore was able to supply the industry with
imports of raw materials.
6- It is estimated that the fortified/functional
beverages will show a slow and steady growth over
the forecast period. The estimates are based on
the projected sales and revenue of
fortified/functional fruit or vegetable juice
category which is the largest among all product
categories for the fortified/functional beverages
market. - The new health conscious generation of Singapore
is growing more aware day-by-day of the
importance of these beverages to balance their
diets and appreciate the convenience of doing so
in their hectic lifestyles. Thus, it is expected
that the fortified/functional beverages market in
Singapore is set to grow in the near future. - To know more about the research report
- Singapore Fermented Beverages Industry Future
Outlook - Singapore Micronutrient Drinks Import Value
- Singapore Dietary Fiber Beverages Market Demand
7Singapore Nutritional Functional Drinks
Trends Singapore Vitamin Fortified Drinks Market
Size Singapore Fortified Wine Market Growth
Opportunities Singapore Functional Beverages
Market Analysis Singapore Fortified Beverages
Market Research Report Singapore Fortified Water
Industry Trends Singapore Mineral Enriched
Beverages Market Revenue Global Functional
Beverages Market Research Report For further
reading click on the link below https//www.kenre
search.com/food-beverage-and-tobacco/non-alcoholic
-beverages/fortified-functional-beverages-singapor
e/121716-11.html
8Related reports https//www.kenresearch.com/food-
beverage-and-tobacco/non-alcoholic-beverages/forti
fied-functional-packaged-food-vietnam/121737-11.ht
ml https//www.kenresearch.com/food-beverage-and-
tobacco/non-alcoholic-beverages/health-wellness-vi
etnam/121821-11.html Contact Ken Research
Ankur Gupta, Head Marketing Communications quer
y_at_kenresearch.com 91-124-4230204
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