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Global Chocolate Powdered Drinks Market 2021: By Type (Dark, Milk, White), By Distribution Channel (Non-store Based, Store Based), By End-use (Milk Beverages, Protein Shakes, Energy Drinks, Chocolate Drinks, Cappuccino Mixes)Global Chocolate Powdered Drinks Market is the latest title and report updated by Trusted Business Insights. 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 Porters 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.Request Covid - 19 Impact The Global Chocolate Powdered Drinks market size was valued at USD $546.71 Million in 2020, USD $613.52 Million in 2021, forecasted to reach USD $688.49 Million in 2022, and is projected to reach USD $1731.65 Million by 2030, and is anticipated to expand at a CAGR of 12.22% over the forecast period from 2020 to 2030.
OverviewInstant 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.
DynamicsChocolate 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.
Regional AnalysisOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Over 50% of the worlds 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.
Below are the leading companies profiled in this Chocolate Powdered Drinks Market Report:
Chapter 1 Methodology and Scope