How big is the flavored powder drinks market?

The global flavored powder drinks market size was estimated at USD 72.46 billion in 2021 and is expected to reach USD 74.01 billion in 2022.

What is the flavored powder drinks market growth?

The global flavored powder drinks market is expected to grow at a compound annual growth rate of 3.0% from 2022 to 2030 to reach USD 94.86 billion by 2030.

Which segment accounted for the largest flavored powder drinks market share?

Fruit-based segment dominated the flavored powder drinks market with a share of 83.5% in 2021. This is attributable due to the various antioxidants available in powdered form that can help the body to function well and reduce the risk of several health issues.

Who are the key players in flavored powder drinks market?

Some key players operating in the flavored powder drinks market include Nestle S.A.; The Coca-Cola Company; Mondelez International; PepsiCo, Inc.; Mars, Inc.; GlaxoSmithKline Plc; Unilever; Abbott; Cargill Inc.; and Kraft Heinz.

What are the factors driving the flavored powder drinks market?

Key factors that are driving the flavored powder drinks market growth include the rising demand among the youth and working population due to the hectic lifestyles, the rising popularity of ready-to-mix drinks and ready-to-eat foods, and powdered drinks offer the convenience of transportation and storage.