In 2024, annual sales of retail food and beverage stores in the United States amounted to approximately ****** billion U.S. dollars. This marked a constant increase during the reported period and more than double the amount registered two decades earlier. Food and beverages retail market In December 2024, monthly retail sales from U.S. food and beverage stores were estimated at approximately ***** billion U.S. dollars. This marked an increase of more than *** percent from the previous month, November 2024. Constituting a large part of the industry, the number of food and beverage retail stores in the United States in 2022 amounted to about *******. Supermarkets and other grocery stores were the most represented, numbering around ******, followed by beer, wine, and liquor stores numbering nearly ******. Leading food and grocery retailers and store types In 2023, the leading food and grocery retailer in the United States was by far Walmart, which generated sales numbers of close to *** billion U.S. dollars that year. The Kroger Co., Costco Wholesale Club, and Ahold Delhaize were also among the top U.S. retailers. In 2022, supermarkets and other grocery stores took the lion's share of food and beverage retail store sales with about **** percent, while beer, wine, and liquor stores took the second highest share of sales with *** percent.

This statistic shows the revenue of the industry “food and beverage stores“ in the U.S. by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of food and beverage stores in the U.S. will amount to approximately 821,7 billion U.S. Dollars by 2024.

According to Cognitive Market Research, the global Food and Beverage market size is USD 6684.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 2673.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 2005.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1537.37million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 334.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 133.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
The Breakfast Cereals held the highest Food and Beverage market revenue share in 2024.

Market Dynamics of Food and Beverage Market

Key Drivers of Food and Beverage Market

Rising Global Population to Increase the Demand Globally

The increasing number of people on the planet is driving up demand for food and drink, particularly in developing countries where disposable incomes are rising. There is a proportional increase in the demand for food and drink as more people enter the consumer market. The need for agricultural and food production systems to develop and adapt to satisfy growing demands is highlighted by this trend. Furthermore, it emphasizes how important sustainable practices are to ensuring food security over the long term and reducing environmental impacts. To address these issues and create resilient and equitable food systems that can meet the demands of an expanding population while preserving the planet's resources for future generations, governments, businesses, and communities must work together.

Urbanization and Busy Lifestyles to Propel Market Growth

Convenient, ready-to-eat food and beverages are in high demand due to urbanization and the spread of hectic lives. The need for easy and convenient food options has increased as more people live in cities and manage busy schedules. As a result of this trend, the availability of packaged foods, frozen dinners, and grab-and-go options has increased, appealing to consumers who want convenience without sacrificing flavor or nutrition. With urbanization driven by social and economic considerations, the portable food and beverage product market is expected to grow even further. In response to changing customer tastes, food producers and distributors are coming up with new and inventive ways to provide a wide range of easily accessible products that meet the needs of both busy lifestyles and urban residents.

Restraint Factors Of Food and Beverage Market

Rising Food Prices to Limit the Sales

Increased food costs are frequently caused by changes in the price of agricultural commodities, which are made worse by supply chain interruptions and extreme weather. These dynamics, especially for vulnerable people, can substantially impact affordability and consumer purchasing. When staple foods rise in price, households might have to spend more of their income to cover their fundamental nutritional needs, leaving them with less money to spend on other necessities. Furthermore, rising food prices have the potential to worsen food insecurity, increasing the likelihood of poverty and malnourishment in impacted areas. Businesses, civil society, and governments must tackle these issues by strengthening the food systems' resilience, reducing price volatility, and guaranteeing that all societal segments have fair access to reasonably priced and nutrient-dense food.

Impact of Covid-19 on the Food and Beverage Market

The COVID-19 pandemic has had a significant global impact on the food and beverage industry. Industry landscapes have been changed by lockdowns, supply chain disruptions, and changing customer behaviors. Due to closures and limitations, the restaurant and food service industries suffered large losses; yet, as people stored up and increased their home cooking, there was a boom in demand for packag...

North America Frozen Drinks Market will be USD 15405.68 million in 2024 and expand at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

All categories of alcoholic beverages had little or no growth in supplier gross revenue in 2024 compared to the previous year. Since 2010 spirits have enjoyed the most growth, mostly at the expense of beer. In 2023, spirits accounted for 42.2 percent of the overall alcohol market in the U.S., compared to 33.3 percent in 2010. Meanwhile, beer has lost seven percent of its market share over the same period. Gross revenue explained Supplier gross revenue is the total amount of sales of suppliers before any deductions for costs of selling the product. The term differs from net revenue, which is the remaining revenue after all deductions have been made. Spirits leaders Within the spirits category, the biggest share of the supplier gross revenue belonged to high end spirits, with 34 percent of the gross revenue in 2024. In terms of net growth, value spirits gained the most, at 185 million dollars in gross revenue compared to the previous year.

Forecast: Estimated Food and Beverage Stores Sales in the US 2024 - 2028 Discover more data with ReportLinker!

North America Sugar Free Food And Beverage Market Size Is USD 7805.68 Million In 2024 And Will Expand At a Compound Annual Growth Rate (CAGR) of 2.4% From 2024 to 2031.

North America Food and Beverage Market size will be USD 2673.68 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

According to Cognitive Market Research, the global Frozen Drinks market will be USD 40378.70 million in 2024 and expand at a compound annual growth rate (CAGR) of 6.40% from 2024 to 2031.

North America was the major market, accounting for more than 27.27% of global revenue and having a market size of USD 11714.89 million in 2024. It will grow at a compound annual growth rate (CAGR) of 6.39% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 11554.26million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 8858.27million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
The Latin America market will account for more than 5% of global revenue and have a market size of USD 1925.71million in 2024. It will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
The Middle East and Africa held the major markets, accounting for around 2% of the global revenue. The market was USD 770.28million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
The Hypermarket and Supermarket held the highest Frozen Drinks market revenue share in 2024.

Market Dynamics of Frozen Drinks Market

Key Drivers of Frozen Drinks Market

Consumer's Preference for Hygienic Products and Growing Working Populationto Increase the Demand Globally

The frozen drinks market is witnessing a surge in demand driven by consumers' preference for hygienic products and the expanding working population worldwide. With a growing awareness of health and safety concerns, consumers are increasingly drawn towards hygienically produced beverages. This trend is further fueled by the rise in hectic lifestyles, particularly among working professionals seeking convenient yet nutritious refreshment options. The demand for frozen drinks is expected to escalate globally as more individuals prioritize cleanliness and convenience in their consumption choices. Manufacturers are responding by innovating with safer production processes and packaging solutions to meet these evolving consumer needs. As a result, the frozen drinks market is poised for significant growth in the foreseeable future, with a particular emphasis on hygiene and convenience as key driving factors.

Innovative Marketing Strategies for the Target Consumers to Propel Market Growth

In the rapidly evolving frozen drinks market, innovative marketing strategies are essential to capture the attention of target consumers and drive market growth. Leveraging digital platforms and social media can enable personalized consumer engagement, offering interactive experiences such as virtual taste tests or customizable flavor combinations. Collaborations with influencers or celebrities who resonate with the target demographic can amplify brand visibility and credibility. Moreover, embracing sustainability initiatives, such as eco-friendly packaging or sourcing ethical ingredients, can appeal to environmentally conscious consumers. Additionally, implementing mobile ordering apps or partnering with food delivery services can enhance convenience and accessibility, especially among busy urban consumers. By combining these strategies with a focus on product quality and uniqueness, brands can differentiate themselves in the competitive frozen drinks market and establish a loyal customer base, ultimately propelling market growth.

Restraint Factors Of Frozen Drinks Market

Seasonal Demand Fluctuations to Limit the Sales

The Frozen Drinks market faces challenges due to seasonal demand fluctuations, which can limit sales. Demand for frozen beverages typically peaks during warmer months or in regions with hot climates, such as summer or tropical areas. Consumers seek refreshing options to combat the heat during these periods, driving up sales. However, demand tends to decline significantly during colder seasons or in colder regions. This challenges businesses reliant on frozen drink sales as they must navigate reduced demand and potential revenue loss. To mitigate this issue, companies may explore strategies such as diversifying product offerings to appeal to consumer preferences throughout the year, implementing targeted marketing campaigns, or focusing on regions less impacted by seasonal changes. Additionally, innovations in product development, such as offering ho...

CBD Beverages Market size is USD 1807.28 million in 2024 and will expand at a compound annual growth rate (CAGR) of 22.4% from 2024 to 2031.

In 2024, the retail sales of packaged carbonates amounted to over 62 billion U.S. dollars, the highest among packaged soft drinks. While ready-to-drink packaged coffee reached 5.9 billion U.S. dollars during that same period.

In 2024, Monster Beverage’s global net sales amounted to nearly 7.5 billion U.S. dollars. The beverage company’s net sales increased with each consecutive year since 2013, when the numbers stood at an estimated 2.3 billion U.S. dollars. The fiscal year end of the company is December, 31st Monster Beverage Monster Beverage is an American Beverage company, headquartered in Corona, California, owned by The Coca-Cola Company. Monster Beverage is best-known for the energy drink named Monster Energy; however, the company produces a number of other products under the Monster brand, such as Espresso Monster, Monster Rehab, and Monster Dragon Tea, which is a tea-based energy drink. Monster in the U.S. Monster Beverage sold around 309 million Monster Energy drinks in the United States in 2024, a slight, notable change in units compared to the previous year. This translated to around 1.5 billion U.S. dollars’ worth of sales. Over the past decade, the company’s market share in the United States has grown fairly steadily: what was one percent in 2013, turned into approximately 1.6 percent market share in 2024.

According to Cognitive Market Research, the global vitamin drinks market size will be USD 1865.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 746.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 559.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 429.07 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 93.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 37.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The non-carbonated drink segment holds the major share of the vitamin drinks market.

Market Dynamics of Vitamin Drinks Market

Key Drivers for Vitamin Drinks Market

Rising Popularity of Ready-To-Drink (RTD) Beverages Drives Market Growth

The rising popularity of Ready-To-Drink (RTD) beverages is a major factor driving growth in the vitamin drinks market. Consumers increasingly seek convenient, on-the-go solutions that align with their busy lifestyles while meeting their nutritional needs. RTD vitamin drinks offer a practical option, combining ease of use with health benefits such as immunity support, energy boosts, and hydration. Advancements in packaging technology further fuel this trend, ensuring product freshness and portability. The growing demand for functional beverages and the availability of diverse flavors and formulations enhance the appeal of RTD vitamin drinks. As a result, their increasing acceptance among health-conscious consumers is significantly contributing to the expansion of the vitamin drinks market globally. For instance, in May 2024, Plenish introduced Mango Sunshine and Beet Balance to its cold-pressed shots range. Mango Sunshine provided 100% of the recommended intake of vitamin D, while Beet Balance supported women’s health with 100% of the recommended intake of vitamin B6. These flavors joined existing options for various health needs.

Growth in Plant-Based and Organic Beverage Options Propels Market Growth

The growth in plant-based and organic beverage options is propelling the expansion of the vitamin drinks market. As consumers increasingly prioritize health and sustainability, there is a rising demand for beverages made with natural, organic, and plant-derived ingredients. These options appeal to health-conscious individuals seeking clean-label products free from artificial additives, preservatives, and genetically modified ingredients. The plant-based trend also aligns with the growing vegan and flexitarian lifestyles, further driving market demand. Additionally, organic vitamin drinks reassure consumers about quality and environmental responsibility, enhancing brand loyalty. This shift towards plant-based and organic beverages provides manufacturers with opportunities to innovate and cater to diverse consumer preferences, fueling the vitamin drinks market's growth trajectory.

Restraint Factor for the Vitamin Drinks Market

Negative Perceptions about Sugary Drinks Despite Functional Benefits Limits Market Growth

Negative perceptions about sugary drinks, even those offering functional benefits, pose a significant challenge to the growth of the vitamin drinks market. Health-conscious consumers increasingly associate high sugar content with adverse health effects such as obesity, diabetes, and cardiovascular issues, leading to reduced demand for beverages perceived as unhealthy. Despite the functional advantages of vitamin drinks, products with added sugars face scrutiny, impacting their appeal. Regulatory pressures and rising awareness about the harmful effects of excessive sugar further intensify this concern. Manufacturers are compelled to reformulate products, focusing on low-sugar or sugar-free alternatives, to address these perceptions. However, overcoming the stigma associated with sugary drinks rema...

Energy drink producers have expanded robustly through the end of 2024, outperforming most other packaged beverage production industries. Beverage producers have benefited from boosted per capita disposable incomes, which has allowed consumers to steadily purchase industry goods, particularly as impulse purchases at convenience stores. However, health concerns regarding the safety of consuming energy drinks have deflated previous surges in demand for these products. Through the end of 2024, energy drink manufacturers saw an expansion in demand for their products, even during COVID-19. Specifically, revenue shot up an estimated 13.1% in 2020, because of a boost in energy drink consumption by consumers who felt more stress from e-exams, social isolation and other pandemic-related challenges during the time. Energy drink producer revenue will expand 0.8% in 2024 and will surge at a CAGR of 10.7% through the end of 2024 to reach an estimated $21.6 billion in 2024. Energy drink manufacturers continue to benefit from the expanding penetration of energy drinks among the general population. New product formats, like energy shots and drink mixes, as well as new flavors, have appealed to different consumer groups, allowing these manufacturers to expand market reach and support profit. Also, producers have used targeted advertising to strengthen consumer loyalty to their brands and reach new consumer segments. Profit will account for approximately 17.5% of industry revenue in 2024. Through the end of 2029, energy drink manufacturers will continue strengthening, albeit at a slower rate than the current period. These producers will likely benefit from dropping demand for soda as consumers seek to replace it with alternative beverages. That's why manufacturers will introduce a larger variety of all-natural and organic energy drinks, appealing to consumers wary of the potential negative health consequences associated with artificial ingredients. More energy drink producers will continue to market brands to specific consumer groups and introduce new products, driving up the general population's acceptance of energy drinks. Revenue will inch up at a CAGR of 1.9% over the next five years to reach an estimated $23.7 billion in 2029.

Energy drinks in the United States have increased in popularity recently. In 2017, energy drink sales in the United States amounted to ** billion U.S. dollars and reached around ** billion U.S. dollars by 2024. Packaged beverages in the United States Energy drinks are one of the top-selling packaged beverages in the United States. In 2023, energy drinks accounted for almost ** percent of the dollar sales of packaged beverages sold at U.S. convenience stores. Leading energy drink brands In the United States, Red Bull is the bestselling brand of energy drink by a large margin. In 2023, Red Bull sales reached *** billion U.S. dollars. Monster was the second leading energy drink brand in the United States that year, generating sales of around *** billion U.S. dollars. Red Bull also manufactures a popular sugar-free energy drink, as well as Red Bull The Blue Edition, which is blueberry flavored.

In 2023, the retail sales of health and wellness soft drinks amounted to over 96 billion U.S. dollars. Health and wellness hot drinks reached 6.2 billion U.S. dollars in retail sales as of 2024.

According to Cognitive Market Research, the global RTD Coffee and Tea Drinks market size is USD 105815.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 42326.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 31744.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 24337.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Latin America holds the market of more than 5% of the global revenue with a market size of USD 5290.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Middle East and Africa held the market of around 2% of the global revenue with a market size of USD 2116.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
The flavors held the highest RTD Coffee and Tea Drinks market revenue share in 2024.

Market Dynamics of RTD Coffee and Tea Drinks Market

Key Drivers for RTD Coffee and Tea Drinks Market

Busy Lifestyles and On-the-Go Consumption to Increase the Demand Globally

The bustling existence of urban dwellers has catalyzed the demand for handy, on-the-move liquids. Ready-to-drink (RTD) coffee and tea have emerged as the best answers, catering to busy mornings and offering quick picks in the United States for the duration of the day. With their convenience and portability, RTD liquids provide a trouble-free opportunity for purchasers navigating tense schedules. Whether it is a morning rush or a midday power boost, the accessibility of RTD espresso and tea resonates with the needs of modern lifestyles. As urbanization continues and time becomes an increasingly precious commodity, the popularity of RTD drinks is poised to leap, reflecting a cultural shift toward comfort and functionality in consumption behavior.

Health and Wellness Trends to Propel Market Growth

Health and well-being developments are driving a shift in patron options in the direction of more healthy beverage choices, spurred by the aid of issues over sugary sodas. Ready-to-drink (RTD) tea has gained prominence as a perceived more healthy opportunity, touted for its capacity, antioxidant benefits, and clean qualities. Similarly, RTD coffee options are advertised for their purposeful homes, incorporating components aimed toward enhancing strength degrees or improving recognition. With developing recognition of the link between weight loss plans and well-being, the call for RTD drinks that offer both refreshment and functional blessings continues to push u. As consumers prioritize fitness-conscious options, RTD tea and espresso are positioned to further capitalize on these evolving developments in the beverage marketplace.

Restraint Factor for the RTD Coffee and Tea Drinks Market

Higher Cost Compared to Traditional Coffee/Tea to Limit the Sales

The better value of ready-to-drink (RTD) options as compared to brewing espresso or steeping tea at home can certainly be an enormous consideration for cost-aware consumers. While RTD beverages offer convenience and portability, their top-class rate factor may also deter some people, especially those looking to save money on their beverage costs. For budget-aware purchasers, the perceived price of RTD options ought to outweigh the fee differential compared to standard self-made alternatives. Manufacturers also need to deal with this charge disparity through aggressive pricing techniques or emphasize the comfort and first-rate assurance offered with the aid of RTD beverages to draw and keep clients in this section of the market.

Impact of Covid-19 on the RTD Coffee and Tea Drinks Market

The RTD coffee and tea drinks marketplace faces challenges and possibilities because of the COVID-19 pandemic. While initial disruptions in supply chains and distribution channels affected the supply of RTD drinks, lockdown measures and far-off painting arrangements brought about elevated calls for handy at-home options. However, the closure of cafes and decreased foot visitors in retail outlets impacted sales volumes, especially in urban areas. Health and protection concerns also precipitated shifts in cl...

Graph and download economic data for Labor Productivity for Retail Trade: Food and Beverage Stores (NAICS 445) in the United States (IPUHN445L000000000) from 1987 to 2024 about productivity, beverages, NAICS, retail trade, food, labor, sales, retail, and USA.

North America Protein Drinks market size will be USD 11816.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031. North America has emerged as a prominent participant, and its sales revenue is estimated to reach USD 21800.3 Million by 2031.This growth is mainly attributed to the region's increasing health consciousness among consumers and a rising preference for convenient nutritional options.

Graph and download economic data for Hours Worked for Retail Trade: Food and Beverage Stores (NAICS 445) in the United States (IPUHN445L010000000) from 1987 to 2024 about beverages, NAICS, hours, retail trade, food, sales, retail, and USA.