Flavored powder drinks market size to grow by USD 14.52 billion from 2023 to 2028; APAC is estimated to contribute 38% to the growth of the market- Technavio

NEW YORK, Dec. 14, 2023 /PRNewswire/ — The flavored powder drinks market size is expected to grow by USD 14.52 billion from 2023 to 2028, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 3.78% during the forecast period. Rising awareness about the health benefits of flavored powder drinks is notably driving the flavored powder drinks market. However, factors such as fluctuating raw material prices for flavored powder drinks may impede market growth. The market is segmented by product type (chocolate-based flavored powder drinks, malt-based flavored powder drinks, and others), distribution channel (supermarkets and hypermarkets, convenience stores, online, independent retailers, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). 

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The free sample report is available in PDF format 

Key Segment Analysis

The chocolate-based flavored powder drinks segment will be significant during the forecast period. Due to their increasing popularity with consumers, the sale of chocolate-flavored powder drinks is growing. For the recovery from postworkout, chocolate powder drinks with added protein and amino acids are commonly used. Muscle repairs and glycogen replenishment can be facilitated by a combination of protein and carbohydrates. A strong demand for chocolate-flavored powder drinks has been created between different consumer groups due to the combination of a favorite flavor with health benefits stemming from powders.

To know additional highlights and key points on various market segments and their impact in coming years, View free PDF Sample Report.

Geographical Market Analysis 

APAC is estimated to contribute 38% to the growth of the global market during the forecast period. The flavored powder drinks market in APAC is driven by the growing demand for flavored powder drinks in rising economies such as India and China. Disposable income for consumers will increase due to strong economic growth in these countries. This will allow them to spend on products such as flavored powder drinks. Moreover, to increase their presence in the markets, market players including Nestle and Abbott have been investing in infrastructure development in APAC. Thus, the flavored powder drinks market in APAC is expected to grow during the forecast period.

Company Insights 
The flavored powder drinks market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:

Abbott Laboratories, AriZona Beverages USA LLC, Cargill Inc., Dyla Brands, Insta Foods, Kent Corp., Kerry Group Plc, Keurig Dr Pepper Inc., Lasco Foods Inc., National Beverage Corp., Nestle SA, PepsiCo Inc., Simatek AS, Sugam Products, The Coca Cola Co., The Kraft Heinz Co., TreeHouse Foods Inc., True Citrus, Unilever PLC, and US Foods Holding Corp.

View the PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

The energy drinks market size is estimated to grow at a CAGR of 8% between 2022 and 2027. The market size is forecast to increase by USD 40.04 billion. 

The functional drinks market is estimated to grow at a CAGR of 8.28% between 2022 and 2027. The size of the market is forecast to increase by USD 57.04 billion.

Excustive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Product Type

Market Segmentation by Distribution Channel

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
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Email: media@technavio.com
Website: www.technavio.com

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SOURCE Technavio