Chocolate Powdered Drinks Market, Global Surge Towards Solid Growth by 2024

Global Chocolate Powdered Drinks: Overview

To prepare instant chocolate drinks the chocolate powdered drinks are mixed with milk or water. Soft drinks and energy drinks are the cold drinks which have chocolate powdered drinks mixed with the water. Protein shakes, chocolate drinks, and cappuccino mixes are the milk-based chocolate based drinks. According to the consumer demands, the chocolate powdered drinks can be served in hot and cold form. Chocolate powdered drinks are consumed by the consumers of all age groups such as teenagers, kids, and youngsters; it has several health benefits and it has attractive flavors available and tastes good.

Global Chocolate Powdered Drinks: Segmentation

The global market for the chocolate powdered drinks is fragmented into the distribution channel, types, and end use. Based on the distribution channel, the market is segregated into convenience stores, online and grocery stores, supermarket/hypermarket, and specialty stores. In terms of revenue, hyper/supermarket segment is the leading one. The recent trend of online shopping will positively contribute to the market growth. Depending on the product type, the market is categorized into milk chocolate powdered drinks, dark chocolate powdered drink, and white chocolate powdered drinks. According to the end user, the market is bifurcated into milk beverages, protein shakes, energy drinks, chocolate drinks, and cappuccino mixes.

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Global Chocolate Powdered Drinks: Growth Factors

The key factor that is driving the chocolate powdered drinks market includes the increasing demand from the consumers of different regions. The other major factors are the change in the lifestyle, the rise in the disposable income, and changing food habits. There has been an increasing trend of following the western culture which is affecting the growth of the market in a positive way. The increase in the population is also a factor that contributes to the market growth as the consumption of the product increases rapidly. The improvements and innovations that are made in the chocolate powdered drinks such as the addition of dry fruits, natural flavors, natural herbs, and DHA; this adds on the health benefits of the chocolate powdered drinks thus triggering the growth of the market. There are attempts being made for the development of the organic powdered drinks which may open up new market opportunities and will show new manufacturers entering the market.

Global Chocolate Powdered Drinks: Regional Analysis

Based on the geographic regions, the chocolate powdered drinks market is diversified into North America, Eastern Europe, South America, Western Europe, Asia Pacific, and the Middle East and Africa. More than half of the world’s cocoa is produced in the West African countries such as Nigeria, Ghana, and Cameroon. These regions produce the maximum amount of cocoa seeds in the world. The largest market for the chocolate powdered drinks is in the country of Brazil. The countries that are dominating the chocolate powdered drinks market are Ghana, The U.K., Belgium, and Switzerland. The regions such as North America, Middle East, and Asia Pacific are also having a huge demand for the chocolate powdered drinks and an increased consumption of the product is expected from the developing regions such as India, China, and Brazil.

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Global Chocolate Powdered Drinks: Competitive Players

Some of the major market players that are involved in the chocolate powdered drinks market include Nestlé S.A., Mars Inc., PepsiCo Inc., Mondelez, Gatorade, GlaxoSmithKline Plc., Kanegrade Ltd., and others.

Global Chocolate Powdered Drinks: Regional Segment Analysis

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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