North America Functional Beverages Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Energy Drinks, Sports Drinks, Fortified Juices, Functional Water, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
The functional beverages market in North America is expected to grow from US$ 42,744.40 million in 2021 to US$ 70,032.97 million by 2028; it is estimated to grow at a CAGR of 7.3% from 2021 to 2028.
The healthcare spending of people across the region has increased significantly owing to increased health concerns and the growing prevalence of chronic diseases such as cancer, heart disease, diabetes, and obesity. According to the US Centers for Medicare & Medicaid Services (CMS), in 2020, healthcare spending in the US increased by 9.7% to US$ 4.1 trillion, or US$ 12,530 per person. Healthcare spending contribution to the nation's GDP in 2020 was 19.7%. The prevalence of chronic diseases has increased significantly over the past few years. According to the Center for Disease Control and Prevention data, in 2020, 4.6% of individuals aged 18 and over in the US were diagnosed with coronary heart disease. Further, 696,962 heart disease-associated deaths were reported in the US in 2020 due to heart disease. The growing prevalence of such chronic diseases is one of the primary factors responsible for the increased health concerns among people. Therefore, people choose healthy products with nutritional health benefits over unhealthy, junk foods and beverages. People are also replacing carbonated and sugar-dense beverages with products that offer functional benefits. Thus, these factors are driving the growth of the functional beverages market in North America.
North America Functional Beverages Market Revenue and Forecast to 2028 (US$ Million)
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North America Functional Beverages Market Segmentation
The North America functional beverages market is segmented into type, distribution channel, and country. Based on type, the North America functional beverages market is segmented into energy drinks, sports drinks, fortified juices, functional water, and others. In 2020, the energy drinks segment held the largest share of the market. Based on distribution channel, the North America functional beverages market is segmented into supermarkets and hypermarkets, online retail, and convenience stores. In 2020, the convenience stores segment held the largest share of the market. Similarly, based on country, the North America functional beverages market is segmented into the US, Canada, and Mexico. Furthermore, the US contributed a substantial share in 2020.
CAMPBELL SOUP COMPANY; Danone S.A.; GENERAL MILLS, INC.; KRAFT Foods; Monster Energy Company; Nestlé; PepsiCo; Red Bull; The Coca-Cola Company; and The Wonderful Company LLC are among the leading companies operating in the North America functional beverages market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. North America Functional Beverages Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Value Chain Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Processing
4.4.3 Packaging
5. North America Functional Beverages Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for Beverages with Functional Benefits
5.1.2 Increasing Healthcare Expenditure
5.2 Market Restraints
5.2.1 High Costs of Functional Beverages and Stringent Labelling Norms
5.3 Market Opportunities
5.3.1 Hike in Demand for Plant-based Functional Beverages
5.4 Future Trends
5.4.1 Growing Popularity of Nootropic Beverages
5.5 Impact Analysis of Drivers and Restraints
6. Functional Beverages – North America Market Analysis
6.1 North America Functional Beverages Market Overview
6.2 North America Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)
7. North America Functional Beverages Market Analysis – By Type
7.1 Overview
7.2 North America Functional Beverages Market Breakdown, By Type, (2020 & 2028)
7.3 Energy Drinks
7.3.1 Overview
7.3.2 North America Energy Drinks Market Revenue Forecasts to 2028 (US$ Million)
7.4 Sports Drinks
7.4.1 Overview
7.4.2 North America Sports Drinks Market Revenue Forecasts to 2028 (US$ Million)
7.5 Fortified Juices
7.5.1 Overview
7.5.2 North America Fortified Juices Market Revenue Forecasts to 2028 (US$ Million)
7.6 Functional Water
7.6.1 Overview
7.6.2 North America Functional Water Market Revenue Forecasts to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 North America Others Market Revenue Forecasts to 2028 (US$ Million)
8. North America Functional Beverages Market Analysis By Distribution Channel
8.1 Overview
8.2 North America Functional Beverages Market Breakdown, By Distribution Channel, (2020 & 2028)
8.3 Supermarkets and Hypermarkets
8.3.1 Overview
8.3.2 North America Supermarkets and Hypermarkets Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
8.4 Convenience Stores
8.4.1 Overview
8.4.2 North America Convenience Stores Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
8.5 Online Retail
8.5.1 Overview
8.5.2 North America Online Retail Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 North America Others Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9. North America Functional Beverages Market – Country Analysis
9.1 Overview
9.1.1 North America Functional Beverages Market Breakdown, by Key Countries
9.1.1.1 US Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.1.1 US Functional Beverages Market Breakdown By Type
9.1.1.1.2 US Functional Beverages Market Breakdown by Distribution Channel
9.1.1.2 Canada Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.2.1 Canada Functional Beverages Market Breakdown By Type
9.1.1.2.2 Canada Functional Beverages Market Breakdown by Distribution Channel
9.1.1.3 Mexico Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
9.1.1.3.1 Mexico Functional Beverages Market Breakdown By Type
9.1.1.3.2 Mexico Functional Beverages Market Breakdown by Distribution Channel
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 PepsiCo
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 The Coca-Cola Company
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nestlé
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 The Kraft Heinz Company
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 GENERAL MILLS, INC.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Danone S.A.
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Monster Energy Company
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Red Bull
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 CAMPBELL SOUP COMPANY
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 The Wonderful Company LLC.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America Functional Beverages Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. US Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 3. US Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 4. Canada Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 5. Canada Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 6. Mexico Functional Beverages Market Revenue and Forecasts to 2028 – By Type (US$ Million)
Table 7. Mexico Functional Beverages Market Revenue and Forecasts to 2028 – By Distribution Channel (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Functional Beverages Market Segmentation
Figure 2. North America Functional Beverages Market Segmentation – By Country
Figure 3. North America Functional Beverages Market Overview
Figure 4. North America Functional Beverages Market: By Type
Figure 5. North America Functional Beverages Market: By Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Expert Opinion
Figure 8. Value Chain: North America Functional Beverages Market
Figure 9. US Healthcare Spending (US$ Million), 2016 to 2020
Figure 10. North America Functional Beverages Market Impact Analysis of Drivers and Restraints
Figure 11. North America Functional Beverages Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Functional Beverages Market Breakdown by Type, 2020 & 2028 (%)
Figure 13. North America Energy Drinks Market Revenue Forecasts to 2028 (US$ Million)
Figure 14. North America Sports Drinks Market Revenue Forecasts to 2028 (US$ Million)
Figure 15. North America Fortified Juices Market Revenue Forecasts to 2028 (US$ Million)
Figure 16. North America Functional Water Market Revenue Forecasts to 2028 (US$ Million)
Figure 17. North America Others Market Revenue Forecasts to 2028 (US$ Million)
Figure 18. North America Functional Beverages Market Breakdown by Distribution Channel, 2020 & 2028 (%)
Figure 19. North America Supermarkets and Hypermarkets Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
Figure 20. North America Convenience Stores Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
Figure 21. North America Online Retail Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
Figure 22. North America Others Functional Beverages Market Revenue Forecasts to 2028 (US$ Million)
Figure 23. North America Functional Beverages Market, by key Country Revenue (2020) (US$ Million)
Figure 24. North America Functional Beverages Market Breakdown by Key Countries, 2020 & 2028 (%)
Figure 25. US Functional Beverages Market Forecasts to 2028 (US$ Million)
Figure 26. Canada Functional Beverages Market Forecasts to 2028 (US$ Million)
Figure 27. Mexico Functional Beverages Market Forecasts to 2028 (US$ Million)
- CAMPBELL SOUP COMPANY
- Danone S.A.
- GENERAL MILLS, INC.
- KRAFT Foods
- Monster Energy Company
- Nestlé
- PepsiCo
- Red Bull
- The Coca-Cola Company
- The Wonderful Company LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America Functional Beverages Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America Functional Beverages Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the Functional Beverages Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution