Market Research Report
Global Ready-to-Drink Protein Beverages Market Size study, by Source, by Distribution Channel and Regional Forecasts 2021-2027
|Global Ready-to-Drink Protein Beverages Market Size study, by Source, by Distribution Channel and Regional Forecasts 2021-2027|
Published: October 23, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Ready-to-Drink Protein Beverages Market is valued approximately at USD 1.34 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.72% over the forecast period 2021-2027. Ready-to-Drink Protein Beverages contain high protein content to consume the healthy drinks on the go. The global Ready-to-Drink Protein Beverages market is driven by growing demand for fitness clubs as people increase their protein intake to maintain workout productivity. According to Statista, number of health and fitness clubs worldwide has increased from 201'000 in 2016 to 205'000 in 2019. Another important driving factor is the rising number of product launches with new innovative flavors. For instance, in August 2020, Ascent Protein launched Recovery Water, a water-based ready-to-drink protein beverage with electrolytes to help athletes recover post-workout quickly. Also, in 2019, Nestle's Garden of Life launched four ready-to-drink protein beverages. Likewise, in November 2020, Arla Foods Ingredients' launched, Nutrilac WheyHi, a whey protein Ready-to-Drink Protein Beverage. Furthermore, the expanding food & beverages industry, high consumption of protein-enriched drinks, and increasing adoption of organic products, thus create new opportunities for the global Ready-to-Drink Protein Beverages industry. However, presence of affordable alternatives may impede market growth over the forecast period of 2021-2027.
The regional analysis is based on the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World for the global Ready-to-Drink Protein Beverages Market. North America is the leading region across the world in terms of market share due to the rise in consumers' awareness regarding benefits of protein consumption, increasing adoption of plant-based diet supports the demand for protein beverages and presence of product differentiation in the region. Whereas Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 owing to increasing consumption of ready-to-drink beverages, rising awareness regarding physical workout simultaneously maintaining the protein rich diet base, and introduction of new products in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of figures