GREY:ASNHF - Post by User
Post by
TruthSeek101on Aug 13, 2013 12:10pm
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Post# 21666656
AVD's new product has enormous potential
AVD's new product has enormous potential I am looking forward to the functional beverage being launched by Avidus next month. Ridley has been very successful with functional beverages before and I believe he can generate exciting network growth for AVD with the product.
Here are some stats about the colossal size of the functional beverage industry from a report I found online:
- The functional drinks market consists of the retail sale of energy drinks, sport drinks and nutraceutical drinks. The market is valued according to retail selling price (RSP) and includes any applicable taxes. Any currency conversions used in the creation of this report have been calculated using constant 2011 annual average exchange rates.
- The US functional drinks market had total revenues of $22,864.7m in 2011, representing a compound annual growth rate (CAGR) of 4.7% between 2007 and 2011.
- Market consumption volumes increased with a CAGR of 2% between 2007 and 2011, to reach a total of 6,892.6 million liters in 2011.
- The performance of the market is forecast to accelerate, with an anticipated CAGR of 10.4% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $37,446.3m by the end of 2016.
The report is at https://www.marketresearch.com/MarketLine-v3883/Functional-Drinks-United-States-7678578/