Global Flavored Powder Drinks Market 2017-2021
About Flavored Powder Drinks
There are many drivers contributing to the growth of the global flavored powder drinks market. The primary factor contributing to the growth of the market is the increasing awareness about the health benefits of flavored powder drinks. The growth in the organized retail also increases the product availability for the consumers, which will, in turn, drive the market.
Technavio’s analysts forecast the global flavored powder drinks market to grow at a CAGR of 8.16% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global flavored powder drinks market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of flavored powder drinks.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flavored Powder Drinks Market 2017-2021
Technavio recognizes the following companies as the key players in the global flavored powder drinks market: Abbott, ABF, GSK, Mondelēz International, Nestlé, and PepsiCo
Other Prominent Vendors in the market are: Bristol-Myers Squibb de Mexico, Danone, Gujarat Cooperative Milk Marketing Federation (GCMMF), Rasna, SensoryEffects, VV Food & Beverage, and Zydus Wellness
Commenting on the report, an analyst from Technavio’s team said: “Increase in the number of new product launches by regional and international players will support the growth of the market. The manufacturers of flavored powder drinks are encompassing innovative and distributive strategies to increase the market size of these products. Also, there are various new technical innovations by the manufacturers that might help in driving the market.”
According to the report, there are several health benefits associated with flavored powder drinks. The rising awareness about these benefits will drive the market during the forecast period. The flavored powder drinks contain a balanced mix of high-quality fats, essential protein, and carbohydrate to provide energy, as well as a wide range of vitamins and minerals. They provide a useful boost of energy even in small servings. The following are the essential ingredients in some major brands of flavored powder drinks.
Further, the report states that raw materials, like aluminum, plastic, and paper for packaging, have volatile prices based on their availability. Also, the growing gap between demand and supply in recent years has increased raw material costs substantially. Any increase in the prices of raw materials, such as plastic resins, not only increases the manufacturing cost of packaging but also leads to reduced profit margins for vendors. This, along with the need to remain competitive in the market, causes manufacturers to experiment with cheaper substitutes. In addition, suppliers of raw materials have the power to price their products at competitive prices.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://www.technavio.com/report/global-flavored-powder-drinks-market-2017-2021
Abbott, ABF, GSK, Mondelēz International, Nestlé, PepsiCo, Bristol-Myers Squibb de Mexico, Danone, Gujarat Cooperative Milk Marketing Federation (GCMMF), Rasna, SensoryEffects, VV Food & Beverage, and Zydus Wellness
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