“Global Chocolate Powdered Drinks Market” is the latest title and report updated by MarketResearch.biz. With a 10-year forecast, the report offers fresh and in-depth insights, historical and projected revenues, and other information regarding the market. Included are the various trends, drivers, restraints, opportunities, and threats in the market. Besides Porter’s and PEST analysis, the report offers thoroughly researched and analyzed information, and profiles of the top players operating in the market, their financials, innovations in recent years, key developments, agreements and strategies, acquisitions and mergers, and regions of operation. The global chocolate powdered drinks market report has been segmented on the basis of ingredients, type, distribution channel, and region.
Instant chocolate drinks can simply be prepared by adding contents to a glass or cup, adding water or milk and serving cold or hot. Water-based chocolate powdered drinks are generally cold beverages which include soft drinks or energy drinks. Milk-based chocolate drinks include chocolate drinks, protein shakes, cappuccino mixes, etc. Such drinks are beneficial for health, and have good taste and flavor which appeals to consumers of all age groups, by young children and teenagers make up most of the consumer base. Improvements and advancements in chocolate powdered drinks such as addition of dry fruits, natural flavors, and herb offers additional health benefits to chocolate powdered drinks.
Chocolate has always been a popular product in various forms for a vast majority of consumers globally. Chocolate products and drinks are widely consumed at home, in cafes, stores, and cafeterias, in tetra packs, bottles, sachets, over-the-counter in mugs, cups, glasses, and others. Changing lifestyle, rise in disposable income, and changing food habits are among some of the key factors driving demand for cholate drinks. Factors such as low production cost and health benefits are some growth drivers.
Influence of the western culture is impacting growth of the market in a positive way. Development of newer products and reducing cost of end-products will open up new market opportunities. Moreover, enhancing taste and effective branding of powder drink products by manufacturers is a significant factor supporting growth of the market.
However, adulteration and poor quality of products is a restraining factor affecting growth of target market.
On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Over 50% of the world’s cocoa comes from West African countries including Nigeria, Ghana, and Cameroon, and maximum volume of cocoa seeds in the world and produced here. Brazil has emerged as the largest consumer of powder chocolate drinks as compared to other countries. Markets in North America, Europe, as well as Asia Pacific are projected to account for major revenue share in the global market.
Global Chocolate Powdered Drinks Market Segmentation:
Segmentation on the basis of Type
Segmentation on the basis of Distribution Channel
- Non-store Based
- Store Based
Segmentation on the basis of End-use
- Milk Beverages
- Protein Shakes
- Energy Drinks
- Chocolate Drinks
- Cappuccino Mixes
Segmentation on the basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Nestlé S.A.
- Mars Inc.
- PepsiCo Inc.
- GlaxoSmithKline Plc.
- Kanegrade Ltd.
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