The U.S. Chocolate Beverage Powder Market accounted for USD 1,396 Million in 2020 and is expected to reach USD 1,959 Million by 2028, growing at a CAGR of 4.2% from 2021 to 2028.
Market Overview
The U.S. Chocolate Beverage Powder Market accounted for USD 1,396 Million in 2020 and is expected to reach USD 1,959 Million by 2028, growing at a CAGR of 4.2% from 2021 to 2028.
According to the data from various sources, such as bar, cafe and convenience store, there has been a significant rise in the purchasers of the products. The reason for this is because these products contain high content of caffeine and sugar that can affect body positively. It gives more energy to improve mental focus and endurance during exercise activities that require physical effort. In addition, drinking powder drinks with cacao will help satisfy hunger by giving slow release of carbohydrates into the blood system. This will make the stomach feel full longer, especially in adolescents who are often busy with various activities after school.
COVID-19 Impact Analysis
Covid-19 pandemics has affected almost all the sectors across the globe. However, chocolate beverage powder market remains unaffected during this period. On top of that several leading market players in the region reported improvement in the revenue as people found to be stock piling their favorite food, especially premium chocolate powder. Since they are staying in home for longer time and spending less time outside, they have started consuming more comfort food. For instance, it has been found that 51% people are preferring chocolate as their comfort food and remaining 49% are considering it as their favorite food.
Growth Factors
Teens, young adults and even children are concerned about their weight and overall health. This has led them to make healthier choices of food and drinks they consume on a daily basis. Obesity is a serious issue around the world. A huge part of healthier beverage demand is driven by functional benefits drinks can provide to consumers. Functional benefits refer to "cues that something possesses beneficial physiological effects. These cues that manufacturers place on packaging or advertisements regarding what a product can do for consumers' health typically influence consumer preferences. For instance, calcium content is linked with healthy, which could be advertised as one of Citrus's benefits. It would be wise to include this on packaging, or in advertisements. Unhealthy beverages, such as soda and fruit drinks are perceived by millennials as "outdated". Millennials have started avoiding purchasing these products, which has led to an increase in demand for healthier options. Currently, health-related claims are the second most common type of claim on beverage labels behind "natural".
Chocolate's use in a beverage is growing fast in the US and wide range of chocolate drinks can now be found everywhere from restaurants and airport lounges to supermarkets and grocery stores, making them easy to acquire for those who suddenly develop a taste for them. While traditional hot chocolate consists of melted chocolate mixed with hot water or milk, the drinks are gaining popularity because they are made with premium ingredients without preservatives, artificial flavors or colors.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Type Analysis Preview
White chocolate powder segment held a share of around 40.94% in 2020. This drink is targeted for younger customers who likes to experiment with the different tastes they could get from drinks than older people who enjoys drinking white chocolate powder drink which mostly consists of milk and sugar taste due to its traditional characteristic. The demand for this product over the last five years has been increasing every year because it offers an alternative to other milk drinks such as dairy coffee and yoghurt. However, there is still a price problem that may cause potential customers not buying this product; therefore, marketers should give more attention to this problem.
Distribution Channel Segment Analysis Preview
Hypermarkets/Supermarkets segment is expected to grow at a CAGR of over 4.3% from 2021 to 2028. In today's society, people are living a very busy life. With the increasing pressure from work and family, many consumers live a fast-paced lifestyle which has changed their quality of life. This has led to a significant change in consumer buying behaviours as they look for convenience and products that can help them manage the numerous demands on their time. In this modern society, people have a lot of different choices when it comes to beverages. When consumers look for the right beverage that suits their needs at home or when they are on the go, convenience is a major consideration. Consumers would choose to buy from the supermarket instead of other places such as specialty shops because supermarkets offer more convenient services and have wider product offerings.
Regional Analysis Preview
U.S. is growing at 4.2% CAGR during 2021 to 2028. In dollar sales, the natural channel has been experiencing a steady increase in demand since 2013, growing from $28.9 billion to over $33.5 billion from 2016 to 2017. This is a result of an increase in demand for healthy beverages driven by health-conscious millennial. Healthy beverage consumption has increased significantly due to functional benefits and greater access to these products. The overall market will continue growing as long as new and unique functional benefits are added and new products are created with the goal of satisfying consumer demands while also providing them with some sort of benefit that can improve their daily lives.
Key Market Players & Competitive Landscape
Some of key players in U.S. Chocolate Beverage Powder Market are Nestle, Mars, Pepsico, Mondelez, kanegrade, Hershey’s, among others.
The U.S. Chocolate Beverage Powder Market is segmented as follows:
By Type
By Packaging Format
By Distribution Channel
By Packaging Size
By Region
List of Figures
FIG NO. 1. U.S. Chocolate Beverage Powder Market Attractiveness Analysis, By Size
FIG NO. 2. U.S. Chocolate Beverage Powder Market Attractiveness Analysis, By Packaging Format
FIG NO. 3. U.S. Chocolate Beverage Powder Market Attractiveness Analysis, By Distribution Channel
FIG NO. 4. U.S. Chocolate Beverage Powders Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. U.S. Chocolate Beverage Powders Market Revenue, 2016 – 2028 (Tons)
FIG NO. 6. Global Chocolate Beverage Powders Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 7. Global Chocolate Beverage Powders Market Volume, 2016 – 2028 (Tons)
FIG NO. 8. U.S. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 9. U.S. Market Revenue for Milk Chocolate Powder (USD Million), 2016-2028
FIG NO. 10. U.S. Market Revenue for Milk Chocolate Powder (Tons), 2016-2028
FIG NO. 11. U.S. Market Revenue for Dark Chocolate Powder (USD Million), 2016-2028
FIG NO. 12. U.S. Market Revenue for Dark Chocolate Powder (Tons), 2016-2028
FIG NO. 13. U.S. Market Revenue for White Chocolate Powder (USD Million), 2016-2028
FIG NO. 14. U.S. Market Revenue for White Chocolate Powder (Tons), 2016-2028
FIG NO. 15. U.S. Market Revenue Share, By Packaging Format, 2020 & 2028
FIG NO. 16. U.S. Market Revenue for Metal Containers (USD Million), 2016-2028
FIG NO. 17. U.S. Market Revenue for Metal Containers (Tons), 2016-2028
FIG NO. 18. U.S. Market Revenue for Plastic Containers (USD Million), 2016-2028
FIG NO. 19. U.S. Market Revenue for Plastic Containers (Tons), 2016-2028
FIG NO. 20. U.S. Market Revenue for Cartons (USD Million), 2016-2028
FIG NO. 21. U.S. Market Revenue for Cartons (Tons), 2016-2028
FIG NO. 22. U.S. Market Revenue for Pouches (USD Million), 2016-2028
FIG NO. 23. U.S. Market Revenue for Pouches (Tons), 2016-2028
FIG NO. 24. U.S. Market Revenue for Others (USD Million), 2016-2028
FIG NO. 25. U.S. Market Revenue for Others (Tons), 2016-2028
FIG NO. 26. U.S. Market Revenue Share, By Distribution Channel, 2020 & 2028
FIG NO. 27. U.S. Market Revenue for Hypermarkets/Supermarkets (USD Million), 2016-2028
FIG NO. 28. U.S. Market Revenue for Hypermarkets/Supermarkets (Tons), 2016-2028
FIG NO. 29. U.S. Market Revenue for Food and Drug mass (USD Million), 2016-2028
FIG NO. 30. U.S. Market Revenue for Food and Drug mass (Tons), 2016-2028
FIG NO. 31. U.S. Market Revenue for Clubs (USD Million), 2016-2028
FIG NO. 32. U.S. Market Revenue for Clubs (Tons), 2016-2028
FIG NO. 33. U.S. Market Revenue for E-Commerce (USD Million), 2016-2028
FIG NO. 34. U.S. Market Revenue for E-Commerce (Tons), 2016-2028
FIG NO. 35. U.S. Market Revenue for Specialty (USD Million), 2016-2028
FIG NO. 36. U.S. Market Revenue for Specialty (Tons), 2016-2028
FIG NO. 37. U.S. Market Revenue for Global Travel Retail (USD Million), 2016-2028
FIG NO. 38. U.S. Market Revenue for Global Travel Retail (Tons), 2016-2028
FIG NO. 39. U.S. Market Revenue Share, By Packaging Size, 2020 & 2028
FIG NO. 40. U.S. Market Revenue for Up to 500 Grams (USD Million), 2016-2028
FIG NO. 41. U.S. Market Revenue for Up to 500 Grams (Tons), 2016-2028
FIG NO. 42. U.S. Market Revenue for 501–1,000 Grams (USD Million), 2016-2028
FIG NO. 43. U.S. Market Revenue for 501–1,000 Grams (Tons), 2016-2028
FIG NO. 44. U.S. Market Revenue for 1,000–1,500 Grams (USD Million), 2016-2028
FIG NO. 45. U.S. Market Revenue for 1,000–1,500 Grams (Tons), 2016-2028
FIG NO. 46. U.S. Market Revenue for More than 1,500 Grams (USD Million), 2016-2028
FIG NO. 47. U.S. Market Revenue for More than 1,500 Grams (Tons), 2016-2028
FIG NO. 48. Company Share Analysis, 2020
FIG NO. 49. Research Methodology – Detailed View
FIG NO. 50. Research Methodology
List of Tables
TABLE NO. 1. U.S. Chocolate Beverage Powders Market: Snapshot
TABLE NO. 2. Pre COVID-19 Market, By Country, 2016-2019 (USD Million)
TABLE NO. 3. Post COVID-19 Market, By Country, 2020-2028 (USD Million)
TABLE NO. 4. U.S. Chocolate Beverage Powders Market, By Type, 2016 – 2028 (USD Million)
TABLE NO. 5. U.S. Chocolate Beverage Powders Market, By Type, 2016 – 2028 (Tons)
TABLE NO. 6. U.S. Chocolate Beverage Powders Market, By Packaging Format, 2016 – 2028 (USD Million)
TABLE NO. 7. U.S. Chocolate Beverage Powders Market, By Packaging Format, 2016 – 2028 (Tons)
TABLE NO. 8. U.S. Chocolate Beverage Powders Market, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 9. U.S. Chocolate Beverage Powders Market, By Distribution Channel, 2016 – 2028 (Tons)
TABLE NO. 10. U.S. Chocolate Beverage Powders Market, By Packaging Size, 2016 – 2028 (USD Million)
TABLE NO. 11. U.S. Chocolate Beverage Powders Market, By Packaging Size, 2016 – 2028 (Tons)
TABLE NO. 12. Drivers for the Chocolate Beverage Powder Market: Impact Analysis
TABLE NO. 13. Restraints for the Chocolate Beverage Powder Market: Impact Analysis
TABLE NO. 14. U.S. Chocolate Beverage Powders Market, Company Market Revenue, 2020 (%)
Request the coronavirus impact analysis across industries and markets
The U.S. Chocolate Beverage Powder Market was valued at around USD 1,396 Million in 2020.
The U.S. Chocolate Beverage Powder Market is expected to reach over USD 1,959 Million by 2028, growing at a CAGR of around 4.2% between 2021 to 2028.
Some of the key factors driving the U.S. Chocolate Beverage Powder Market growth is Rising demand for healthy beverages, Easy avalilability, among others.
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