Packaged Milkshakes Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global packaged milkshakes market size is expected to
reach USD 365.0 million by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 6.3% over the forecast period. Growing
health consciousness among young consumers, coupled with its essential
nutritional content such as vitamin and protein, is expected to propel the
market growth in the forecast period.
Based on
packaging material, the paper segment dominated the market, accounting for
37.2% share of the overall revenue in 2018. Low packaging cost associated with
it makes it favourable for the manufacturers. High demand for tetra packs has
driven the market for paper as a packaging material. Apart from paper, the
glass segment is expected to witness significant growth in the forecast period.
The salient features including non-reactiveness of the product keep the
milkshake safe for a longer life, thus fuelling the market demand for the
segment.
Chocolate
flavor accounted for the largest share of 39.2% in 2018. Health benefits
associated with it makes it the most preferred flavor among the health
conscious young consumer groups. Along with the health benefits, chocolate
flavor milkshake is widely accepted by the younger age groups, which is
expected to drive the segment in the forecast period.
Asia Pacific
led the industry for packaged milkshake and accounted for 32.0% share of the
global revenue. China is found to be the fastest growing market in APAC with a
CAGR of 6.4% in the forecast period. Presence of leading market players, along
with interactive advertisements, has led to the market growth in the region.
Apart from APAC, MEA is found to be the fastest growing region due to hot and
humid climatic conditions and growing corporate sector in countries such as
Dubai.
Further
key findings from the report suggests:
- In terms of revenue, chocolate
flavor led the packaged milkshakes market and accounted for the largest
share of 39.2% in 2018
- Paper is among the most
preferred packaging materials and it accounted for 37.2% share of the
global revenue in 2018
- MEA is the fastest growing
region for packaged milkshake and is expected to expand at a CAGR of 7.2%
due to rapid urbanization and growing commercial sector.
Access
full research report on global packaged milkshakes market:
www.grandviewresearch.com/industry-analysis/packaged-milkshakes-market
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Created on Nov 24th 2019 22:57. Viewed 197 times.