NEW YORK, United States, June 02, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Chocolate Powdered Drinks Market By Distribution Channel (Direct Sales And Indirect Sales), By Processing (Dutch-Processing And Natural), By Content (High-Fat, Medium-Fat, And Low-Fat), By End Users (Chocolate Drinks, Protein Shakes, Cappuccino Mixes, Milk Beverages, And Energy Drinks), And By Region: - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts, 2023-2030” in its research database.

“According to the latest research study, the demand of global chocolate powdered drinks Market size was worth at approximately USD 2.68 billion in 2022. The market is expected to grow above a CAGR of 8.84% and is anticipated to reach over USD 4.85 billion by 2030.”

The global chocolate powdered drinks market report covers all aspects, including the potential growth drivers, restraints, and leading market players. Also, the chocolate powdered drinks industry report offers comprehensive insights into the geographical and competitive marketplace.

Chocolate Powdered Drinks Market Overview:

Drinks with chocolate powder typically contain a variety of other ingredients, with cocoa serving as the primary component. The food and beverage industry has seen tremendous growth in the popularity of chocolate drinks. The popularity of chocolate powder drinks in non-confectionary goods has increased, not because of their adaptability, but rather because of this. It is widely used in processed foods and beverages.

Additionally, it is used to make a variety of beverages, including milk with flavors and energy drinks. Millennials make up the majority of the market for these drinks. As a result, producers are experimenting and developing innovations to draw in the target market.

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Key Insights from Primary Research

Market Dynamics:

Industry Growth Factors

Globally, Western culture has a significant impact on people's lives. This is used by marketers and advertisers to entice audiences by asking them to consider their lifestyles. India in particular is one of the nations in the Asia Pacific region where Western culture is becoming more deeply ingrained. The expansion of the global market for drinks with cocoa powder is also being boosted in the next years by the rising disposable income of the populace. Additionally, the rapid change in people's lifestyles is helping the industry expand. The growing popularity of online shopping is also making a significant contribution to the expansion of the market. Due to the discounts, convenience, and accessibility of a large selection of products, consumers favour online shopping.

Restraints:

People have been dissuaded from drinking beverages containing cocoa powder as a result of rising health consciousness among the populace. The growth trajectory of the global market for beverages made with chocolate powder is being adversely affected by claims that these drinks are unhealthy.

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Competitive Players

The report contains qualitative and quantitative research on the global chocolate powdered drinks Market, as well as detailed insights and development strategies employed by the leading competitors.

Some of the main players in the global Chocolate Powdered Drinks market include;

Segmentation Analysis:

The global chocolate powdered drinks market can be segmented into the distribution channel, processing, content, end users, and region.

On the basis of distribution channels, the market can be segmented into direct sales and indirect sales. The indirect sales segment can further be bifurcated into specialty stores, online stores, supermarkets, etc. The indirect sales segment accounts for the largest share of the global market. Among all, the supermarket segment is leading globally due to the growing preference of people going shopping with family and spending time.

On the basis of end users, the market can be segmented into chocolate drinks, protein shakes, cappuccino mixes, milk beverages, and energy drinks. The protein shakes segment dominates the global chocolate powdered drinks industry due to the surging trend of these shakes among health enthusiasts and sportspersons. The energy drink segment is also predicted to witness extensive growth during the forecast period owing to its benefits for people undergoing intensive physical work.

Regional Analysis:

Due to the region's rich cocoa vegetation, the Middle East and Africa account for the highest part of the global market for chocolate-flavored drinks. Nigeria, Ghana, Cameroon, and other countries in Western Africa produce the majority of the world's cocoa. Additionally, the region's population increase and acceptance of Western culture are projected to further support the expansion of the regional market.

But Brazil also makes a significant contribution to the world market. Due to the rising popularity of various drinks like protein shakes, energy drinks, etc. among consumers, North America is growing as a significant market for beverages containing cocoa powder.

Due to the widespread acceptance of Western culture, rising urbanization, and rising disposable income of the population in the region, Asia Pacific is also anticipated to have significant growth in the future years. Europe is also expected to see some growth prospects over the predicted period due to the presence of prominent market leaders in the region.

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Recent Industry Developments:

Key questions answered in this report:

Report Scope:

Report Attributes Report Details
  
Report Name Chocolate Powdered Drinks Market Research Report
Market Size in 2022 USD 2.68 Billion
Market Forecast in 2030 USD 4.85 Billion
Growth Rate CAGR of 8.84%
Number of Pages 212
Key Companies Covered Kanegrade Ltd, GlaxoSmithKline Plc., Gatorade, Mondelez, PepsiCo Inc., Mars Inc., Nestlé S.A., Olam International, Barry Callebaut AG, Fuji Oil Company, Ltd., ECOM Agroindustrial Corporation Ltd., BD Associates Ghana Ltd, among others.
Segments Covered By Distribution Channel, By Processing, By Content, By End Users, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2022
Historical Year 2017 to 2021
Forecast Year 2023 - 2030
Customization Scope Avail customized purchase options to meet your exact research needs.

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The global Chocolate Powdered Drinks market is segmented as follows:

By Distribution Channel

By Processing

By Content

By End Users

By Region

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