Global RTD Beverages Market to Witness Stellar Revenue Growth Across Top Regional Pockets by 2027
Market Highlights
RTD protein beverages are ready-to-drink beverages with high protein
content. Proteins are essential part of the human diet for which RTD protein
beverages are also consumed as dietary supplements. It also speeds up the
metabolism and aids in boosting energy in the human body. These proteins are
sourced from milk, whey, soy, or other ingredients which are high in protein
content.
Based on source, the global RTD
protein beverages market has been segmented into milk, whey, soy, and
others. The whey segment accounted for the maximum market share in 2017 and is
projected to have a substantial growth during the forecast period. Whey protein
is the preferred source for RTD protein beverages owing to its high nutritional
qualities, bland flavor, ease of digestibility, and unique functionality in
beverage systems. However, soy segment is also expected to be the fastest
growing segment owing to growing demand for alternatives to dairy proteins and
increasing number of lactose intolerant consumers.
The global RTD protein beverages market has been segregated, by
packaging type, into bottles, cans, cartons, and others. The bottles segment is
expected to dominate the global RTD protein beverages market during the
assessment period. Moreover, the bottles segment is expected to grow at the
highest CAGR during the forecast period owing to its on-the-go convenience. The
cans segment is also projected to grow at a substantial rate during the review
period.
The global market for RTD protein beverages has also been
classified, by distribution channel, as store-based and non-store based; with
store based segment being subdivided to supermarkets & hypermarkets,
convenience stores, and others. The store-based segment is expected to dominate
the market wherein supermarkets & hypermarkets are expected to hold a prominent
share. However, the convenience stores segment is expected to register the
highest CAGR during the forecast period. Convenience stores are witnessed
including wide range of RTD beverages in their shelves which will primarily
drive the growth of convenience stores in the coming years.
Regional Analysis
On the basis of region, the global RTD protein beverages market has been
segmented by North America, Europe, Asia-Pacific, and RoW. North America is
expected to dominate the global RTD protein beverages market owing to increased
health conscious population. Moreover, the increasing number of gym-goers is
driving the growth of RTD protein beverages in this region. Europe is also
estimated to hold a prominent share in the global RTD protein beverages market
with growing demand for functional beverages among the consumers in this
region.
The RTD protein beverages market in Asia-Pacific is expected to grow
rapidly due to the increasing adoption of healthy diets by the rising
health-conscious population. Emerging markets such as China and India are
projected to contribute to the growth of the regional RTD protein beverages
market. Manufacturers are investing heavily in these markets with new product
launches which is expected to surge the growth of the market during the
forecast period.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/rtd-protein-beverages-market-7217
Key Players
Some of the key players in the global RTD protein beverages market are Abbott Nutrition (US), Kellogg Co. (US),
The Coca-Cola Company (US), PepsiCo Inc. (US), Orgain, Inc. (US), CytoSport
Inc. (US), Organic Valley (US), Bolthouse Farms, Inc. (US), Iconic Protein
(US), Stonyfield Farm, Inc. (US)
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