The functional beverage market is a thriving and dynamic industry that caters to consumers' thirst for refreshing, flavorful, healthy, and hydrating beverages. According to Precedence Research, the global market for functional beverages will be worth approximately US $129.31 billion in 2021. It is expected to witness substantial growth, reaching a value of around US $279.4 billion by 2030, with a compounded annual growth rate (CAGR) of 8.94% from 2022 to 2030.

Trends indicate that this upward trajectory will continue, with sales expected to double over the next decade. Demand for healthier beverage options has driven this surge, which has been fueled by a growing preference for well-being and sober living among consumers of all ages, but particularly among younger consumers.

Functional beverages stand out due to their inclusion of beneficial ingredients such as herbs, mushrooms, electrolytes, vitamins, minerals, and probiotics. Notably, these beverages boast low sugar content and minimal artificial additives, aligning with the preferences of health-conscious individuals.

In this article, we will explore four penny stocks within this beverage sector, highlighting their potential as emerging players in the market. Let's dive into the first stock, INKW, and discover its growth prospects.

GREENE CONCEPTS, INC. INKW

INKW is an emerging company in the multibillion-dollar beverage sector. INKW is engaged in the bottling and production of a wide range of beverages.

The company’s...