DUBAI, UAE. 23th September
2019: 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.
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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.
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.
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.
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Report with TOC @ https://www.millioninsights.com/industry-reports/flavored-powder-drinks-market
On the basis of
product, this report displays the production, revenue, price, market share and
growth rate of each type, primarily split into
• Cold Water to Drink
• Hot Water to Drink
On the basis on the
end users/applications, this report focuses on the status and outlook for major
applications/end users, consumption (sales), market share and growth rate of
Flavored Powder Drinks for each application, including
• Commercial
• Household
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