Chocolate Powdered Drinks Market

Global Chocolate Powdered Drinks Market Size (2024 to 2032)

The Global Chocolate Powdered Drinks market is predicted to reach USD 2.88 billion in 2024 and USD 5.67 billion by 2032, growing at a CAGR of 8.83% during the forecast period.

MARKET OVERVIEW

Chocolate has always been a popular product in various forms for the vast majority of consumers around the world. Chocolate products and beverages are widely consumed at home, in cafes, shops and coffee shops, in tetra containers, bottles, sachets, without a prescription in cups, mugs, glasses, and other. Changing lifestyle, increasing disposable income and changing eating habits are some of the key factors in the demand for chocolate powdered drinks. Factors such as low production costs and health benefits are also growth drivers. The influence of Western culture has a positive impact on the growth of the market. The development of new products and the reduction of the cost of finished products will open up new market opportunities. Additionally, improving taste and effective branding of powdered beverages by manufacturers is an important factor in supporting market growth. However, adulteration and poor quality of the products is a limiting factor affecting the growth of the worldwide market.

Powdered chocolate drinks can be mixed with water or milk to make instant chocolate beverages. Powdered chocolate drinks can be served hot or cold according to the needs and wishes of consumers. They are beneficial for health with good taste that attracts consumers of all ages, especially children, adolescents, and young people, who consume it on a large scale. The vigorous aspects of powdered chocolate beverages are low-cost production, and they exhibit several characteristics that are beneficial to the health of the end-user. The potential growth of powdered chocolate beverages has a niche market compared to tea and coffee in the world. Due to the hot and humid climatic region of the world, the cocoa market faces a significant challenge for the overall growth of the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Chocolate Powdered Drinks Market Analysis By Type

According to the type of product, the market is divided into dark chocolate drinks, milk chocolate drinks, and white chocolate drinks.

Chocolate Powdered Drinks Market Analysis By End Users

According to end users, the market is segmented into energy drinks, dairy drinks, cappuccino mixes, protein shakes and chocolate drinks that can be served both hot and cold and also enhance the taste of the drinks, which attracts a large number of consumers.

Chocolate Powdered Drinks Market Analysis By Distribution Channel

According to the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online and grocery stores. Among these, the hypermarkets/supermarkets segment contributes to a higher market share in terms of turnover. The increase in online food and beverage purchases is supposed to drive growth in that segment.

REGIONAL ANALYSIS

More than half of the world's cocoa is produced in West African countries such as Nigeria, Ghana, and Cameroon. These regions produce the largest amount of cocoa beans in the world. The largest market for powdered chocolate drinks is in the country of Brazil. The countries that dominate the market for powdered chocolate drinks are Ghana, United Kingdom, Belgium and Switzerland. Regions such as North America, the Middle East and Asia Pacific also have a high demand for chocolate powdered beverages and higher consumption of the product is predicted in developing regions such as India, China and Brazil.

KEY PLAYERS IN THE GLOBAL CHOCOLATE POWDERED DRINKS MARKET

Key Players In Chocolate Powdered Drinks Market are Kanegrade Ltd, Nestlé S.A, GlaxoSmithKline Plc, Mondelez, Gatorade, PepsiCo Inc, Mars Inc.

RECENT HAPPENINGS IN THE MARKET

• Barry Callebaut, the world's leading manufacturer of high-quality cocoa and chocolate products, successfully completed the acquisition of the Cocoa Ingredients Division of Singapore-based Petra Foods Ltd., after regulatory approval.
• Barry Callebaut, the world's leading manufacturer of high-quality chocolate and cocoa products, strengthens its specialty businesses in Europe by acquiring the commercial beverage distribution business of FrieslandCampina Kievit. The transaction also includes a long-term manufacturing contract under which FrieslandCampina Kievit will continue to produce distribution products for Barry Callebaut.
• Chinese company Mengniu Dairy has reached an agreement to buy Kirin Holdings' Australian Lion Dairy & Drinks for A $ 600 million, the company's second acquisition in the Australian dairy market in recent years. The agreement includes all brands and assets for white milk, milk-based beverages, yogurt, juice and popsicles, as well as the dairy and beverage license agreement for the Yoplait brand.
• Coca-Cola's acquisition of Costa Coffee for 3.9 billion pounds has had a major impact. UK-based Costa has 3,800 coffees in more than 30 countries, of which around two-thirds are in its local UK market. The two companies may have an interest in beverages, but that is the only overlap in their activities.
• The Ferrero Group published about its definitive agreement to purcahse Nestlé's US confectionery business for $ 2.8 billion in cash, which registered sales of around $ 900 million in 2016.
• As the world's second-largest processed food company, Kraft Foods Inc's $ 18.9 billion acquisition of British confectionery manufacturer Cadbury ends after a long battle within from the board.

DETAILED SEGMENTATION OF GLOBAL CHOCOLATE POWDERED DRINKS MARKET INCLUDED IN THIS REPORT    

This research report on the global Chocolate Powdered Drinks Market has been segmented and sub-segmented based on Type, End Users, Distribution Channel & region.       

By Type

• Dark Chocolate Drink

• Milk Chocolate Drink

• White Chocolate Drink

By End Users

• Energy Drinks

• Milk Beverages

• Cappuccino Mixes

• Protein Shakes

• Chocolate Drinks

By Distribution Channel

• Store-Based

• Non-Store Based

By Region

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa