North America Chocolate Powdered Drinks Market size was at USD xx.xx million in 2020 and is determined to develop to USD xx.xx million, registering a CAGR of xx% throughout the outlook period 2020-2025.
Chocolate powdered drinks are flavored beverages that often comprise of elements like chocolate, fruit, instant mixes, and so on. These powders are employed in the making of different beverages that can be mainly studied as water-based and milk-based. Water-based drinks generally cover various types of mixed fruit drinks, flavored sodas, energy drinks and so on. Milk-based beverages cover protein shakes, cappuccino mixes, dairy drinks, and chocolate drinks that are typically served hot or cold based on consumer preferences. The sales channels for these products are extensive, which is a crucial factor supporting the growth of the North American market.
The North America Chocolate Powdered Drinks market has seen significant growth due to factors such as the increasing consumer disposable income and availability of numerous flavored beverages. Also, innovation in the field of powdered chocolate beverages with health benefits offers huge market opportunities for major market players. The increasing impact of modernization and increased consumer spending in countries like the USA and Canada are among the driving forces behind the North American chocolate powder drink mix market. Sales of powdered chocolate drink mixes are led by foodservice providers with more than half the revenue share. Foodservice providers use the powdered chocolate drink mix in a variety of products like health drinks, flavored milk, etc. In addition, there is a significant increase in powdered organic chocolate drink mixes, which provides an opportunity for new entrants from various organic product manufacturers present on the market. Another eye-catching segment is child nutrition, which is the goal of most producers backed by the fact that powdered chocolate drink mixes are the most popular with school children. However, high product prices and fluctuations in the availability of raw materials are expected to hamper the overall growth of the North American Chocolate Powder Drinks market. The increased demand for cocoa substitutes and cocoa ingredient equivalents such as palm oil, soybean oil, shea, rapeseed oil and others may have a negative impact on the local Chocolate Powdered Drinks market due to the easy availability and profitability of the aforementioned products. The improvement in the stability of the fat and the composition profile of the fat of the finished chocolate products obtained through the use of Chocolate Powdered Drinks is at the origin of their growth.
The North America Chocolate Powdered Drinks market can be divided based on the type, distribution channel and end use.
On the basis of the type, the market has been segmented into white, milk and dark. Dark chocolate drinks are foreseen to lead the market throughout the projection period. They are becoming very popular among consumers in the USA, Canada, and others.
Based on the distribution channel, the market is bifurcated mainly into store-based and non-store-based. Store-based segment covers supermarkets and hypermarkets, department stores and convenience stores, among others. Supermarkets and hypermarkets are foreseen to rule this industry throughout the conjecture period. Rapid retail penetration is one of the crucial aspects in the dominance of this segment. In addition, a wide range of products and a variety of brands are other factors that are supposed to encourage sales in this segment.
Based on the end use, the market is divided into dairy drinks, protein drinks, energy drinks, chocolate drinks and cappuccino mixes.
The North American Chocolate Powdered Drinks Market has experienced a sudden halt amid the outbreak of the Coronavirus pandemic due to the major shift in demand dynamics. The pandemic is expected to negatively affect sales in local countries due to the unexpected lockdown. Chocolate confectionery and cocoa are not considered essential products and consumer demand for these products has declined in these countries in recent months. The novel coronavirus is expected to reduce demand for Chocolate Powdered Drinks ingredients, while disrupting the supply chain for a short period. Furthermore, the demand for high-end products is likely to gradually decrease in the North American countries due to the economic crisis.
The North America Chocolate Powdered Drinks market has been categorized based on geography into the United States, Canada, Mexico and rest of the region. North America have traditionally remained the dominant area for confectionery and chocolate. North America is a major importer of cocoa-based ingredients to serve the domestic candy manufacturing sectors. It is estimated to continue to be the main market with immense potential attributed to emerging trends such as healthy enjoyment with fat-free, low-fat and sugar-free chocolates. The growing demand for ethically harvested cocoa from a single plantation is driving the growth of the premium Chocolate Powdered Drinks in the locale.
Mondelez International had the largest share of the North America Chocolate Powdered Drinks Market in terms of sales and revenue in 2020.
Some of the prominent players in the North America Chocolate Powdered Drinks Market include GlaxoSmithKline Plc, Mondelez International, Cargill Inc, The Coca-Cola Company, Nestle S.A., and various others.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Dark chocolate powdered drink
5.1.3 Milk chocolate powdered drink
5.1.4 White chocolate powdered drink
5.1.5 Y-o-Y Growth Analysis, By type
5.1.6 Market Attractiveness Analysis, By type
5.1.7 Market Share Analysis, By type
5.2 End user
5.2.2 Energy drinks
5.2.3 Milk beverages
5.2.4 Cappuccino mixes
5.2.5 Protein shakes
5.2.6 Chocolate drinks
5.2.7 Y-o-Y Growth Analysis, By end user
5.2.8 Market Attractiveness Analysis, By end user
5.2.9 Market Share Analysis, By end user
5.3 Distribution channel
5.3.2 Supermarkets and hypermarkets
5.3.3 Convenience stores
5.3.4 Speciality store
5.3.5 Online sales
5.3.6 Y-o-Y Growth Analysis, By distribution channel
5.3.7 Market Attractiveness Analysis, By distribution channel
5.3.8 Market Share Analysis, By distribution channel
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By end user
126.96.36.199 By distribution channel
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By type
220.127.116.11 By end user
18.104.22.168 By distribution channel
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By type
188.8.131.52 By end user
184.108.40.206 By distribution channel
6.2 United States
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Nestlé S.A.
8.4 Mars Inc.
8.5 GlaxoSmithKline Plc
8.6 PepsiCo Inc.
8.7 Kanegrade Ltd
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures