Global Ready-To-Drink Protein Beverages Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Ready-To-Drink Protein Beverages Market: Overview
“The global Ready-To-Drink Protein Beverages Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Ready-to drink protein beverages are produced by using variety of high protein substances such as soy, milk, whey, pea etc. in order to fulfill daily nutrient requirements of the individuals. In addition, these RTD protein beverages are convenient way to consume the nutrients on-the-go.
Global Ready-To-Drink Protein Beverages Market: Dynamics
Increasing demand for protein beverages coupled with growing awareness regarding healthy lifestyle is one of the major factor expected to drive growth of the target market. In addition, these beverages offer suitable way to on-the-go consumption of the proteins, which is another factor expected to support target market growth. Increasing consumption of proteins coupled with growing number of health conscious population is another key factor anticipated to propel growth of the global market. Ongoing trend of daily workouts and exercise activities among young population is a factor expected to fuel growth of the target market.
Availability of ready-to-drink protein drinks in various assorted flavors is another major factor anticipated to drive growth of the global market. Rising number of working population coupled with increasing consumption of on-the-go food and beverages is anticipated to drive target market growth over the forecast period.
These protein drinks are also consumed by sportspersons hence increasing demand among sportsman is one of the key factor anticipated to support growth of the global market. Rising disposable income of youngsters coupled with changing lifestyle is another factor expected to augment growth of the target market.
Advancements in packaging type such as attractive printing and product description, single-serve packaging, enhancing visibility of beverages on shelf such as using stand up pouches, etc. are some factors among other expected to propel growth of the global market.
Global Ready-To-Drink Protein Beverages Market: Segment Analysis
Among source, the whey protein segment is expected to account significant revenue share of global market, owing to its characteristics such as presence of high nutrition values, easy to digest, etc.
Among packaging type, the bottles segment is projected to dominate growth of the target market, owing to convenience offered by bottles, easy to use on-the-go.
Among distribution channel, hypermarket and supermarket segment is anticipated to register significant growth, owing to availability of wide range of products.
Global Ready-To-Drink Protein Beverages Market: Regional Analysis
Ready-to-drink protein beverages market in North America is anticipated to register significant growth, owing to increasing consumption of protein beverages among health-oriented population. In addition, strong presence of major manufacturers in the region is anticipated to contribute revenue growth of target market.
European market is expected to witness substantial growth, owing to rising number of working population. Asia Pacific market is expected to grow at moderate rate, owing to increasing inclination towards healthy lifestyle coupled with increasing disposable income. Markets in Latin America and Middle East & Africa are anticipated to witness moderate growth over the forecast period.
Global Ready-To-Drink Protein Beverages Market Segmentation:
Segmentation by Source:
- Others (Casein and Egg)
Segmentation by Packaging Type:
Segmentation by Distribution Channel:
- Hypermarket and Supermarket
- Convenience stores
- E-commerce Websites
Segmentation by 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
- Abbott Nutrition Manufacturing Inc.
- Kellogg Company
- PepsiCo Inc.
- The Coca-Cola Company
- CytoSport Inc.
- Orgain, Inc.
- Bolthouse Farms, Inc.
- Organic Valley
- Stonyfield Farm, Inc.
- Iconic Protein
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