1st
July 2019 – The
flavored powder drinks Market report provides an unbiased and detailed
assessment of the recent trends, opportunities, high growth areas, industry
drivers, which would help stakeholders to device and align flavored powder
drinks market strategies according to the latest and future market. The
flavored powder drinks Market report covers the Global and regional analysis.
This industry report examines, keep records and presents the worldwide market
size of the important players in each region around the globe. Also, the report
offers information of the leading market players in the flavored powder drinks
market.
Global flavored powder drinks market is expected to grow at a significant
CAGR in the upcoming period as the scope and its applications are rising
enormously across the globe. The flavored powder drinks are also termed as
processed beverage products that are available in powdered form. Flavored
powder is exclusively used to make several kinds of drinks like flavored milk
beverages, energy drinks, and fruit-flavored drinks.
The factors that are playing a major role in the growth of flavored
powder drink market are the rising awareness among consumers regarding the
health benefits of flavored powder drinks, the rising popularity among young
generation, sportsperson, and working population, and the presence of essential
ingredients like the high-quality fats, carbohydrates, and the proteins.
However, weak economic condition in the developing regions and the lack of
awareness regarding the benefits of flavored powder drink may restrain the
overall market growth in the years to come. Flavored powder drinks market is
segmented based on product type, distribution channel, and region.
Malt based, chocolate based, and fruit-based powder drinks are the
product types that could be explored in the market in the forecast period. The
chocolate-based powder drinks sector accounted for the significant share of the
market and is estimated to lead the overall market in the years to come. The
reason could be the rising demand from consumers of the developing countries.
Based on the distribution channel, convenience stores, supermarkets &
hypermarkets, departmental stores, drugs and pharmacy stores, online retailers,
and others could classify flavored powder drink market in the forecast period.
Supermarket and hypermarket sector accounted for the substantial share of the
market in the forecast period. The reason could be the rapid retail penetration.
Also, online retailers sector is estimated to grow at the fastest pace in the
years to come.
Globally, North America accounted for the significant share of flavored
powder drinks industry and is estimated to lead the overall market in the years
to come. The reason behind the overall market growth could be the presence of
key manufacturers in the region, the high disposable income, and the high
popularity among consumers. The United States is a major consumer of flavored
powder drinks in this region. Europe and the Asia Pacific are also estimated to
have a positive influence on future growth.
Europe is the second largest region with significant market share.
However, Asia Pacific is estimated to grow at the highest CAGR in the forecast
period. The aspects that may be ascribed to the growth comprise the growing
urbanization, the rise in the working population, and the rising awareness
among consumers regarding health benefits of flavored powder drinks in the
emerging countries. The developing countries like India and China are the major
consumers of flavored powder drinks in this region.
The key players of flavored powder drinks market are PepsiCo, Abbott,
Nestlé, Associated British Foods (ABF), Mondelēz International, GlaxoSmithKline
(GSK), Bristol-Myers Squibb de Mexico, Gujarat Cooperative Milk Marketing
Federation, and VV Food & Beverage. These players are concentrating on
inorganic growth to sustain themselves amidst fierce competition.
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