The North America Functional Beverages Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027).
Functional beverages are the latest concept and product that helps in fulfilling food & beverage deficiencies in the human body. In addition, functional beverages are easily available in emerging nations, owing to the growing number of large retail stores like specialty stores, hypermarkets, and supermarkets as these stores help in surging the sales of these products.
In the recent few years, the functional beverages market has showcased prominent growth. Ready-to-drink (RTD) beverages have gain traction among the customers as they are unable to take a healthy diet due to their hectic and busy schedules. Additionally, consumers from the young generation would exhibit a strong preference for ready-to-eat drinks and foods along with a varied nutritional profile in the coming years. Moreover, the growth in the gym & fitness training trend along with its diets, training facilities, and accessories is flourishing among the consumers. Thus, several manufacturers are taking advantage of this opportunity and are introducing new products in the market like plant-based or vegan drinks. Further, nootropic beverages are also gaining traction among health-conscious consumers and it is estimated that such developments would boost the growth of functional beverages market in the forthcoming years.
The functional beverages market is witnessing rapid growth in North America. This surge in the growth of the regional market is attributed to factors such as the presence of various market players, the rising number of manufacturers of functional RTD beverages, increasing demand for functional drinks, and growing awareness about the benefits of consumption of functional beverages. In addition, the functional beverage industry is among the largest functional food sectors in this region that comprises beverages, food, and supplement sectors.
Additionally, a significant portion of the customers from the millennial generation in this region consume energy drinks each day. However, in the US, approximately 4/5th of the customers from the older generation consumes caffeine on a daily basis. Moreover, customers in this region focus more on maintaining their body fitness due to which, they consume energy drinks in large quality to boost their immune system, enhance bone health, and improve mental energy. Thus, it is anticipated that these factors would drive the growth of the regional functional beverages market in the forthcoming years.
The US market dominated the North America Athletes Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $12,814.6 Million by 2027. The Canada market is experiencing a CAGR of 10.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 9.4% during (2021 - 2027).
Based on End User, the market is segmented into Fitness Lifestyle Users, Athletes and Others. Based on Type, the market is segmented into Energy Drinks, Sports Drinks, Juices, Dairy-based Beverages and Others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Specialty Stores, E-commerce and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Functional Beverages Market is Estimated to Reach USD 140.7 Billion by 2027 at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PepsiCo, Inc., The Coca Cola Company, Nestle S.A., Danone S.A., Meiji Holdings Co., Ltd., Monster Beverage Corporation, Suntory Beverage & Food Limited, National Beverage Corporation, Red Bull GmbH, and Clif Bar & Company.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Fitness Lifestyle Users
- Athletes
- Others
By Type
- Energy Drinks
- Sports Drinks
- Juices
- Dairy-based Beverages
- Others
By Distribution Channel
- Supermarket/Hypermarket
- Specialty Stores
- E-commerce
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- PepsiCo, Inc.
- The Coca Cola Company
- Nestle S.A.
- Danone S.A.
- Meiji Holdings Co., Ltd.
- Monster Beverage Corporation
- Suntory Beverage & Food Limited
- National Beverage Corporation
- Red Bull GmbH
- Clif Bar & Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Functional Beverages Market, by End User
1.4.2 North America Functional Beverages Market, by Type
1.4.3 North America Functional Beverages Market, by Distribution Channel
1.4.4 North America Functional Beverages Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2018, Feb – 2021, Aug) Leading Players
Chapter 4. North America Functional Beverages Market by End User
4.1 North America Fitness Lifestyle Users Market by Country
4.2 North America Athletes Market by Country
4.3 North America Others Market by Country
Chapter 5. North America Functional Beverages Market by Type
5.1 North America Energy Drinks Market by Country
5.2 North America Sports Drinks Market by Country
5.3 North America Juices Market by Country
5.4 North America Dairy-based Beverages Market by Country
5.5 North America Other Type Market by Country
Chapter 6. North America Functional Beverages Market by Distribution Channel
6.1 North America Supermarket/Hypermarket Market by Country
6.2 North America Specialty Stores Market by Country
6.3 North America E-commerce Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Functional Beverages Market by Country
7.1 US Functional Beverages Market
7.1.1 US Functional Beverages Market by End User
7.1.2 US Functional Beverages Market by Type
7.1.3 US Functional Beverages Market by Distribution Channel
7.2 Canada Functional Beverages Market
7.2.1 Canada Functional Beverages Market by End User
7.2.2 Canada Functional Beverages Market by Type
7.2.3 Canada Functional Beverages Market by Distribution Channel
7.3 Mexico Functional Beverages Market
7.3.1 Mexico Functional Beverages Market by End User
7.3.2 Mexico Functional Beverages Market by Type
7.3.3 Mexico Functional Beverages Market by Distribution Channel
7.4 Rest of North America Functional Beverages Market
7.4.1 Rest of North America Functional Beverages Market by End User
7.4.2 Rest of North America Functional Beverages Market by Type
7.4.3 Rest of North America Functional Beverages Market by Distribution Channel
Chapter 8. Company Profiles
8.1 PepsiCo, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.5.3 Acquisition and Mergers:
8.2 The Coca Cola Company
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.4.2 Product Launches and Product Expansions:
8.2.4.3 Acquisition and Mergers:
8.3 Nestle S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Acquisition and Mergers:
8.4 Danone S.A.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.5.3 Geographical Expansions:
8.5 Meiji Holdings Co., Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisitions and Mergers:
8.5.5.2 Product Launches and Product Expansions:
8.6 Monster Beverage Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.7 Suntory Beverage & Food Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisitions and Mergers:
8.7.5.2 Product Launches and Product Expansions:
8.8 National Beverage Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.9 Red Bull GmbH
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Product Launches and Product Expansions:
8.9.2.3 Geographical Expansions:
8.10. Clif Bar & Company
8.10.1 Company Overview
TABLE 1 North America Functional Beverages Market, 2017 - 2020, USD Million
TABLE 2 North America Functional Beverages Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Functional Beverages Market
TABLE 4 Product Launches And Product Expansions– Functional Beverages Market
TABLE 5 Acquisition and Mergers– Functional Beverages Market
TABLE 6 Geographical Expansions– Functional Beverages Market
TABLE 7 North America Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 8 North America Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 9 North America Fitness Lifestyle Users Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Fitness Lifestyle Users Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Athletes Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Athletes Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 16 North America Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 17 North America Energy Drinks Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Energy Drinks Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Sports Drinks Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Sports Drinks Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Juices Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Juices Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Dairy-based Beverages Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Dairy-based Beverages Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Other Type Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Other Type Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 28 North America Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 29 North America Supermarket/Hypermarket Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Supermarket/Hypermarket Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Specialty Stores Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Specialty Stores Market by Country, 2021 - 2027, USD Million
TABLE 33 North America E-commerce Market by Country, 2017 - 2020, USD Million
TABLE 34 North America E-commerce Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Others Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Others Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Functional Beverages Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Functional Beverages Market by Country, 2021 - 2027, USD Million
TABLE 39 US Functional Beverages Market, 2017 - 2020, USD Million
TABLE 40 US Functional Beverages Market, 2021 - 2027, USD Million
TABLE 41 US Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 42 US Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 43 US Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 44 US Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 45 US Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 46 US Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 47 Canada Functional Beverages Market, 2017 - 2020, USD Million
TABLE 48 Canada Functional Beverages Market, 2021 - 2027, USD Million
TABLE 49 Canada Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 50 Canada Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 51 Canada Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 52 Canada Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 53 Canada Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 54 Canada Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 55 Mexico Functional Beverages Market, 2017 - 2020, USD Million
TABLE 56 Mexico Functional Beverages Market, 2021 - 2027, USD Million
TABLE 57 Mexico Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 58 Mexico Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 59 Mexico Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 60 Mexico Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 61 Mexico Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 62 Mexico Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 63 Rest of North America Functional Beverages Market, 2017 - 2020, USD Million
TABLE 64 Rest of North America Functional Beverages Market, 2021 - 2027, USD Million
TABLE 65 Rest of North America Functional Beverages Market by End User, 2017 - 2020, USD Million
TABLE 66 Rest of North America Functional Beverages Market by End User, 2021 - 2027, USD Million
TABLE 67 Rest of North America Functional Beverages Market by Type, 2017 - 2020, USD Million
TABLE 68 Rest of North America Functional Beverages Market by Type, 2021 - 2027, USD Million
TABLE 69 Rest of North America Functional Beverages Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 70 Rest of North America Functional Beverages Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 71 key information – PepsiCo, Inc.
TABLE 72 key information – The Coca Cola Company
TABLE 73 Key Information – Nestle S.A.
TABLE 74 Key information – Danone S.A.
TABLE 75 Key Information – Meiji Holdings Co., Ltd.
TABLE 76 Key Information – Monster Beverage Corporation
TABLE 77 key Information – Suntory Beverage & Food Limited
TABLE 78 key information – National Beverage Corporation
TABLE 79 Key Information – Red Bull GmbH
TABLE 80 Key Information – Clif Bar & Company
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2018, Feb – 2021, Aug) Leading Players
FIG 5 Recent strategies and developments: PepsiCo, Inc.
FIG 6 Recent strategies and developments: The Coca Cola Company
FIG 7 Recent strategies and developments: Nestle S.A.
FIG 8 Recent strategies and developments: Danone S.A.
FIG 9 Recent strategies and developments: SUNTORY BEVERAGE & FOOD LIMITED
FIG 10 Recent strategies and developments: RED BULL GMBH