What is the global market size of RTD Protein Beverages Market?

RTD Protein Beverages Market size was valued at USD 664.21 billion in 2021 and is poised to grow from USD 702.89 billion in 2022 to USD 1076.94 billion by 2030, growing at a CAGR of 5.66% in the forecast period (2023-2030).

RTD Protein Beverages Market Size, Share, Growth Analysis, By Source(Plant based, Animal based), By Distribution Channel(Hypermarkets, Speciality Stores) - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global RTD Protein Beverages Market?

The global market for RTD protein beverages is diverse, with a number of active competitors. To preserve their position in the market, companies have increased their R&D, marketing, and distribution channel expenditures. Larger companies are adding innovation to their product portfolio to respond to changing consumers' needs in order to maintain their RTD protein beverages market dominance. 'PepsiCo, Inc.', 'Coca-Cola Co.', 'Glanbia plc', 'Nestle S.A.', 'Abbott Laboratories', 'Danone S.A.', 'MusclePharm Corporation', 'CytoSport, Inc.', 'Kellogg Company', 'Premier Nutrition Corporation', 'General Nutrition Centers, Inc.', 'Monster Beverage Corporation', 'Hormel Foods Corporation', 'The Hershey Company', 'Vital Proteins LLC', 'The Nature's Bounty Co.', 'The Hain Celestial Group, Inc.', 'Quest Nutrition LLC', 'Muscle Milk.'

Q: Which region accounted for the largest share in Global RTD Protein Beverages Market?

In 2022, North America held the largest share of the global ready-to-drink protein beverages market because of the existence of important industry leaders and convenient distribution channels. Growth in disposable income and the growing number of ready-to-drink protein beverage makers is expected to continue to drive the demand in regional markets.

Report ID: SQSG30I2020 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 64 | Figures: 74

RTD Protein Beverages Market Dynamics

RTD Protein Beverages Market Driver

Increasing consciousness of consumers towards health followed with demand for functional beverages on rise among the consumers.

Buyers' growing interest in healthcare is fueling a surge in demand for protein-fortified beverages. Protein beverages are rapidly being sold as sports nutrition drinks around the world.
Sportsmen frequently consume carbonated drinks or protein drinks to increase their overall productivity, fitness, and muscle building. In addition, the market is expected to be driven by nutritional advantages such as weight burning, anti-aging characteristics, and others related to consuming a suitable quantity of protein in a usual diet.

RTD Protein Beverages Market Restraint

Rising cost of functional beverages and limited demand hinders the market growth.

The high price of ready-to-drink protein beverages is anticipated to restrain the market growth especially in developing countries where the per capita income is low.
The market experiences a limited demand in several countries owing to the legal regulations, and stringent protocols for health.

RTD Protein Beverages Market Report Snapshots

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RTD Protein Beverages Market size was valued at USD 664.21 billion in 2019 and is poised to grow from USD 702.89 billion in 2023 to USD 1076.94 billion by 2031, growing at a CAGR of 5.66% in the forecast period (2024-2031).

The market for RTD protein beverages is diverse, with a number of active competitors. To preserve their position in the market, companies have increased their R&D, marketing, and distribution channel expenditures. Larger companies are adding innovation to their product portfolio to respond to changing consumers' needs in order to maintain their RTD protein beverages market dominance. 'PepsiCo, Inc.', 'Coca-Cola Co.', 'Glanbia plc', 'Nestle S.A.', 'Abbott Laboratories', 'Danone S.A.', 'MusclePharm Corporation', 'CytoSport, Inc.', 'Kellogg Company', 'Premier Nutrition Corporation', 'General Nutrition Centers, Inc.', 'Monster Beverage Corporation', 'Hormel Foods Corporation', 'The Hershey Company', 'Vital Proteins LLC', 'The Nature's Bounty Co.', 'The Hain Celestial Group, Inc.', 'Quest Nutrition LLC', 'Muscle Milk.'

Buyers' growing interest in healthcare is fueling a surge in demand for protein-fortified beverages. Protein beverages are rapidly being sold as sports nutrition drinks around the world.

Popularity of Protein-based beverages: Protein-based beverages are becoming incredibly popular, particularly with sportsmen and anyone who engages in strenuous exercise. Due to rising health issues and lifestyle modification, gyms and fitness centers have seen constant development in recent times.

In 2022, North America held the largest share of the ready-to-drink protein beverages market because of the existence of important industry leaders and convenient distribution channels. Growth in disposable income and the growing number of ready-to-drink protein beverage makers is expected to continue to drive the demand in regional markets.

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RTD Protein Beverages Market Size, Share, Growth Analysis, By Source(Plant based, Animal based), By Distribution Channel(Hypermarkets, Speciality Stores) - Industry Forecast 2024-2031

RTD Protein Beverages Market Dynamics

RTD Protein Beverages Market Report Snapshots

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FAQs

What is the market size of RTD Protein Beverages Market?

Who are the key vendors in the RTD Protein Beverages Market?

What is the key driver of RTD Protein Beverages Market?

What is the key market trend for RTD Protein Beverages Market?

Which region accounted for the largest share in RTD Protein Beverages Market?

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