North America Functional Foods And Beverages Market Analysis 2022-2026: The US to Dominate Market Growth
The functional foods and beverages market share in North America is expected to grow by USD 32.58 billion, accelerating at a CAGR of 7.29% during the forecast period. Technavio's research report offers an in-depth analysis of the market with respect to different geographical segments. It also provides a detailed analysis of all the trends, drivers, and challenges that will impact the market during the coming years.
The functional foods and beverages market report in North America offers a breakdown of all the regional players and their market share along with their product portfolios. This research analysis will provide businesses with the insights necessary to plan their growth strategy. Unlock Free Sample Analysis Report
Functional Foods And Beverages Market In North America: The US to lead market growth during the forecast period
- The functional foods and beverages market in North America is segmented by Product (functional foods and functional beverages) and Geography (US, Canada, and Mexico).
- The growing awareness about health and fitness will facilitate the functional foods and beverages market growth in the US.
- 63% of the market's growth will originate from the US during the forecast period. However, the market growth rate in the US will be slower than the growth of the market in Canada and Mexico.
- The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the functional foods and beverages market size in North America.
Functional Foods And Beverages Market In North America: Market Dynamics
Innovations in flavors and functional ingredients is notably driving the functional foods and beverages market growth in North America. However, skepticism regarding the efficiency of functional foods and beverages can inhibit the market growth. The report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus.
Functional Foods And Beverages Market In North America: Vendor Landscape
The market is fragmented due to the presence of several players. Some of the major functional foods and beverages market vendors in North America are:
- Archer Daniels Midland Co.
- Danone SA
- Monster Beverage Corp.
- Nestle SA
- PepsiCo Inc.
- Red Bull GmbH
- Suntory Holdings Ltd.
- The Coca-Cola Co.
- The Kraft Heinz Co.
- Yakult Honsha Co. Ltd.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 7.29%.
- What is the incremental growth of the market?
The market is expected to grow by USD 32.58 billion.
- What is a key factor driving this market?
Product innovations will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
The US, Canada, and Mexico are the key regions featured in this research report.
- Which is the leading geographic region for this market?
63% growth will originate from the US.
- Who are the leading market vendors?
The leading vendors in this market are Archer Daniels Midland Co., Danone SA, Monster Beverage Corp., Nestle SA, PepsiCo Inc., Red Bull GmbH, Suntory Holdings Ltd., The Coca-Cola Co., The Kraft Heinz Co., and Yakult Honsha Co. Ltd.
- What are the market segments covered in this report?
The market is segmented by Product (functional foods and functional beverages) and Geography (US, Canada, and Mexico).