Global Packaged Milkshakes Market 2018-2022
About Packaged Milkshakes
A milkshake is a sweet diary based beverage which is usually made with milk, ice cream, and added with flavorings or sweeteners. The packaged milkshakes generally are offered in tetra packs or in glass jars.
Technavio’s analysts forecast the global packaged milkshakes market to grow at a CAGR of 6.86% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global packaged milkshakes market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Packaged Milkshakes Market 2018-2022
Technavio recognizes the following companies as the key players in the global packaged milkshakes market: CavinKare Group, Dean Foods, DANONE, FrieslandCampina, Nestlé, Müller UK & Ireland, and THE HERSHEY COMPANY.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rapidly increasing private label offerings. The global packaged milkshakes market is fragmented because of the more number of major and small players in the market. In addition, competition has increased because of private label brands that have become popular and competitive with the leading brands.”
According to the report, one driver in the market is increasing awareness of health benefits of milkshakes. With increasing health concerns, consumers have started focusing on increasing their intake of vitamins, proteins, and active digestive health ingredients, such as prebiotics and probiotics, and are consuming more functional foods and drinks. Many consumers also think that better digestive health plays a key role in preventive health care.
Further, the report states that one challenge in the market is fluctuating prices of raw materials. The major raw materials for milkshakes are fruits, vegetables, sugar, milk, and others. The increase in the price of raw materials results in increased production cost. As a result, manufacturers of packaged milkshakes have to purchase raw materials at high costs. Further, the supply of the raw materials gets affected due to adverse weather conditions, national emergencies, natural disasters, supply shortages, and other unexpected events.
CavinKare Group, Dean Foods, DANONE, FrieslandCampina, Nestlé, Müller UK & Ireland, and THE HERSHEY COMPANY.