Technology - - May 10,2017
The demand for flavored powder drink concentrates is rising across the globe, largely due to the increasing health consciousness among people and the convenience and nutrition offered by these products.
A recent informative report on Market Research Hub (MRH) predicts that the global functional powder drink concentrates industry will rise at a CAGR of around 7% till 2021. The primary factors responsible for this growth are the rise in the awareness among people regarding the health-related benefits of functional drinks. It is been observed that the count of health-conscious people is increasing at a rapid rate.
This rise is mainly due to the increasing incidences of health-related issues like obesity and weak immune system. Also, the demand for protein-rich food items and beverages such as functional powder drink concentrates, dietary supplements and ready meals that provide an adequate quantity of nutrition are increasing. This has made the functional powder drink market very lucrative with a considerable opportunity for the manufacturers of this product.
Another sector that is expanding at a tremendous rate is non-alcoholic beverages. Liquid refreshment beverages (LRB) like carbonated soft drinks, bottled mineral water, energy drinks, fruit juices, ready-to-drink coffee and tea and sports beverages comprise a major part of this industry. The growth in the non-alcoholic beverage industry also has the potential to boost the demand for the functional powder drink concentrates market.
As far as the geographical region, the Americas holds the maximum market share and is expected to remain dominant over the coming years.
The international functional powder drink concentrates industry is vastly fragmented with the presence of several Big and small vendors. These vendors compete one another on the parameters like price, innovation, quality, service, distribution, reputation and promotion. Some of the leading vendors in the market are Nestle, Mondelez International, PepsiCo and Sqwincher.
For more information on this report visit - http://www.marketresearchhub.com/report/global-flavored-powder-drinks-market-2017-2021-report.html