The Drinks segment in United States of America registered Market value of USD 344,167.25 Millions in 2023
The indicator recorded a historical growth (CAGR) of 5.59% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
Drinks industry in the USA
Hot drinks industry in the USA
The hot drinks market consists of the retail sales of coffee, tea and other hot drinks. The coffee segment consists of instant coffee, roast and ground coffee (including ground coffee pods) and coffee beans. The tea segment consists of black specialty tea, fruit and herbal tea, green tea, instant tea and tea pods. The other hot drinks segment consists of chocolate-based hot drinks and malt-based hot drinks. The market is valued according to the retail selling price (RSP) and includes any applicable taxes.
The US hot drinks market registered strong growth during the review period (2016-2021). The growth of the market is expected to decelerate over the forecast period (2020-2026).
Changing consumer preferences towards the consumption of nutritious hot beverages over carbonated drinks is likely to drive the growth. Moreover, due to rising obesity, consumers are limiting the use of sugar, which is driving the growth of organic and green tea. Tea is the fastest growing hot beverage in the U.S. on account of the rising awareness among the population regarding the health benefits offered by the beverage in place of the substitutes.
Soft drinks industry in the USA
The soft drinks market consists of the retail sale of carbonates, squash/syrups, nectars, energy drinks, juice, packaged water, sports drinks, iced/RTD tea drinks, flavored water, still drinks, enhanced water, fruit powders, bulk/HOD water, and iced/RTD coffee drinks. The total market volume for soft drinks market excludes powder concentrates, which are included in the market value. The market is valued according to retail selling price (RSP) and includes any applicable taxes.
The US soft drinks market registered moderate growth during the review period (2015-2021). The growth of the market is expected to accelerate over the forecast period (2019-2026).
Rising consumer purchasing power and positive economic condition resulted in moderate growth in the review period. According to the Centers for Disease Control and Prevention, US obesity levels are increasing at an alarming rate. Thus, consumers are becoming health conscious and limiting sugar consumption.
Category segmentation
Hot coffee is the largest segment of the hot drinks market in the United States, accounting for the largest share in the hot drinks market's total value.
The Hot tea segment accounts for the second-largest hot drinks industry in the market.
Carbonates are the largest segment of the soft drinks market in the United States, accounting for the largest share in the soft drinks market's total value.
The Packaged water segment accounts for the second-largest soft drinks industry in the market.
Who are the leading players in the US hot drinks market?
Who are the leading players in the US soft drinks market?
United States of America
United States of America
United States of America
United States of America
Germany
China
United States of America
United States of America
United States of America
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