Functional Foods and Beverages Market in North America 2024-2028

Description

List of Tables

Technavio has been monitoring the functional foods and beverages market in North America and is forecast to grow by USD 43.1 mn during 2023-2028, accelerating at a CAGR of 8.38% during the forecast period. Our report on the functional foods and beverages market in North America provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by product innovations in flavors and functional ingredients, increasing interest and rising awareness of the benefits of functional foods and beverages among different age groups, and rise in demand for new varieties of functional foods.

Technavio's functional foods and beverages market in North America is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	7.56%
CAGR	8.38%
Incremental Value	$43.1mn

By Product

Functional foods
Functional beverages

By Distribution Channel

Offline
Online

By Geographical Landscape

North America

This study identifies the rising awareness of the health benefits of functional foods and beverages as one of the prime reasons driving the functional foods and beverages market in North America growth during the next few years. Also, increasing number of young video gamers and increasing demand for organic juices will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the functional foods and beverages market in North America covers the following areas:

Functional foods and beverages market in North America sizing
Functional foods and beverages market in North America forecast
Functional foods and beverages market in North America industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading functional foods and beverages market in North America vendors that include Archer Daniels Midland Co., Arla Foods amba, Campbell Soup Co., Danone SA, Fonterra Cooperative Group Ltd., General Mills Inc., Glanbia plc, Hearthside Food Solutions LLC, Kellogg Co., Keurig Dr Pepper Inc., Monster Beverage Corp., Nestle SA, PepsiCo Inc., Red Bull GmbH, Suntory Holdings Ltd., The Coca Cola Co., Tyson Foods Inc., Unilever PLC, Yakult Honsha Co. Ltd., and The Kraft Heinz Co.. Also, the functional foods and beverages market in North America analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR72010

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028

4 Historic Market Size

4.1 Functional foods and beverages market in North America 2018 - 2022
4.2 Product Segment Analysis 2018 - 2022
4.3 Distribution Channel Segment Analysis 2018 - 2022
4.4 Geography Segment Analysis 2018 - 2022

5 Five Forces Analysis

5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition

6 Market Segmentation by Product

6.1 Market segments
6.2 Comparison by Product
6.3 Functional foods - Market size and forecast 2023-2028
6.4 Functional beverages - Market size and forecast 2023-2028
6.5 Market opportunity by Product

7 Market Segmentation by Distribution Channel

7.1 Market segments
7.2 Comparison by Distribution Channel
7.3 Offline - Market size and forecast 2023-2028
7.4 Online - Market size and forecast 2023-2028
7.5 Market opportunity by Distribution Channel

8 Customer Landscape

8.1 Customer landscape overview

9 Geographic Landscape

9.1 Geographic segmentation
9.2 Geographic comparison
9.3 US - Market size and forecast 2023-2028
9.4 Canada - Market size and forecast 2023-2028
9.5 Mexico - Market size and forecast 2023-2028
9.6 Market opportunity By Geographical Landscape

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks

12 Vendor Analysis

12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Archer Daniels Midland Co.
12.4 Campbell Soup Co.
12.5 Danone SA
12.6 Fonterra Cooperative Group Ltd.
12.7 General Mills Inc.
12.8 Kellogg Co.
12.9 Keurig Dr Pepper Inc.
12.10 Monster Beverage Corp.
12.11 Nestle SA
12.12 PepsiCo Inc.
12.13 Red Bull GmbH
12.14 Suntory Holdings Ltd.
12.15 The Coca Cola Co.
12.16 The Kraft Heinz Co.
12.17 Yakult Honsha Co. Ltd.

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations