Key Highlights
- The functional drinks market consists of retail sale of sports drinks and energy drinks. Sports drinks are defined as drinks with performance-enhancing properties, described as 'isotonic', 'hypertonic' or 'hypotonic'. Energy drinks are defined as those with energy-enhancing properties; mainly carbonated and containing stimulants such as caffeine, taurine, guarana, glucuronolactone, yerba mate, along with glucose syrup (corn syrup) and maltodextrin. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
- The Canadian Functional Drinks market had total revenues of $2.12 billion in 2023, representing a compound annual growth rate (CAGR) of 13.1% between 2018 and 2023.
- Market consumption volume increased with a CAGR of 9.7% between 2018 and 2023, to reach a total of 582.2 million liters in 2023.
- The performance of the market is forecast to follow a similar pattern with an anticipated CAGR of 13.2% for the five-year period 2023-28, which is expected to drive the market to a value of $3.95 billion by the end of 2028.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the functional drinks market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the functional drinks market in Canada
- Leading company profiles reveal details of key functional drinks market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada functional drinks market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the Canada functional drinks market by value in 2023?
- What will be the size of the Canada functional drinks market in 2028?
- What factors are affecting the strength of competition in the Canada functional drinks market?
- How has the market performed over the last five years?
- Who are the top competitors in Canada's functional drinks market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- PepsiCo Inc
- Monster Beverage Corp
- Red Bull GmbH
- The Coca-Cola Co