The global ready to drink shakes market is expected to reach a market valuation of USD 11.0 Billion by the year 2022, accelerating with a CAGR of 7.5% by 2022 to 2032.
| Attribute | Details |
|---|---|
| Ready to Drink Shakes Market Size (2022E) | USD 11.0 Billion |
| Ready to Drink Shakes Market Projected Size (2032F) | USD 22.7 Billion |
| Value CAGR (2022 to 2032) | 7.5% |
| Top 3 Countries Market Share | 37.6% |
Over the forecast period, Ready to drink shakes market is expected to grow significantly through 2032, owing to rising product demand from fitness enthusiasts and a shifting fitness scene globally. In addition, increased millennial consumption to control weight, stress, and fatigue is expected to boost product demand between 2022 and 2032.
Ready-to-drink shakes are pre-made refreshments that may be consumed immediately without the need for additional blending or preparation. These beverages offer comfort and portability to today's working generation, as well as the option of incorporating intriguing packaging and unique ingredients.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 7.4% |
| H1,2022 Projected (P) | 7.5% |
| H1,2022 Outlook (O) | 8.3% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+) 75 ↑ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 82.5 ↑ |
In the first half of 2021, the global market for Ready to Drink Shake Market grew by 7.4 percent. Though not equally distributed throughout all regions, this growth is stronger in developing markets, where it reached 7.5%. Thus, during H1 2022, there will be a 82.5 BPS point difference between predicted and projected growth.
There have been recent developments in the ready-to-drink shake market, with new products being released by major players such as Coca-Cola and PepsiCo. These shakes are designed to be convenient and easy to use, with no need for preparation or cleanup.
They are available in a variety of flavors, including chocolate, vanilla, strawberry, and banana. Some of the brands that offer these shakes include Odwalla, Naked, Muscle Milk, and Boost.
In a move to cash in on the popularity of ready-to-drink shakes, supplement company ViSalus has announced the launch of its own line of RTD shakes. The shakes, which are set to hit stores in late July, will come in four flavors: chocolate, vanilla, strawberry, and mango.
The company is hoping that the new product will help it capitalize on the growing popularity of ready-to-drink shakes. ViSalus is no stranger to the shake market; it already sells a line of powdered shake mixes. But the company is hoping that the new RTD shakes will be more popular with consumers.
There's a new beverage trend on the rise, and it's all about ready-to-drink shakes. These shakes are perfect for people who are short on time or don't want to bother with making a smoothie themselves. They're also great for on-the-go snacking, as they're portable and easy to drink.
Some of the best things about ready-to-drink shakes is that they come in a variety of flavors and can be tailored to fit any dietary needs. Whether you're looking for a shake that's low in calories or one that's high in protein, you'll be able to find something that fits your needs. And, since there are so many different brands and flavors available, you can find the perfect shake for your taste buds.
Ready to Drink Shakes sales grew at a CAGR of 6.9% between 2017 and 2022. The period marked the entry of various market players and product innovations.
Consumers are switching to quick and nutritious food options due to their fast-paced and hectic lifestyles. As a result of this scenario, RTD shakes that provide nutrient-based beverages and encourage active lives have gained traction. These beverages can be substituted for the meal to shorten the time spent eating. RTD shakes are preferred by roughly 22% of consumers in the United States to cut down on meals.
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Increasingly using e-commerce platforms for transactions and shopping by consumers, the market for ready-to-drink shakes is expected to grow in both developed and developing economies. The growth of the IT industry has resulted in the development of a slew of new and simple ways to transact and shop across a wide range of industries.
Increased usage of e-commerce platforms is also driving the food and beverage industry, as customers place a premium on expediency and ease of conducting business.
Similarly, potential customers of ready-to-drink shakes have been entranced by e-commerce platforms due to the ease and improved availability of the products, even in rural places. Sales of ready-to-drink shakes on e-commerce platforms are expected to increase over the projection year.
Furthermore, Due to their growing popularity, a growing number of health fitness centres are promoting the drinking of RTD shakes. There are many different types of ready-to-drink protein shakes on the market, including rice, whey, soy, casein, pea, and hemp, that are used for muscle building, weight loss, and other purposes.
Another factor driving market expansion is a growing consumer preference for vegan products, which has boosted demand for plant-based RTD shakes. Plant-based RTD shakes made with pea, hemp, and pumpkin seed are being introduced by companies. To meet consumer demand, Vega (USA) created a protein nutrition smoothie.
During the forecast period of 2022 to 2032, the ready-to-drink shake market in USA is predicted to grow significantly. Individuals in the country are increasingly spending money on their health, which could be a significant development element. Rising disposable income could boost growth chances even more.
Obesity is a major problem in the United Kingdom. Ready-to-drink shakes are used as a meal substitute to help people lose weight by limiting calorie intake. Further, The ready-to-drink shakes market is predicted to develop at a positive rate over the forecast period, owing to rising disease prevalence and, as a result, a rising trend of health and wellbeing in the region.
Despite the fact that ready-to-drink shakes offer fantastic results for gym goers and fitness fanatics, the product is still in its infancy in developing countries like China, which are in a period of transformation. As a result of the luxury character of the product and its high price, market penetration in emerging countries may be limited.
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Chocolate is the most popular flavour in the global market for ready-to-drink shakes, followed by vanilla and other tastes. Exotic flavours like vanilla and fruits are making a comeback, and vanilla-flavored ready-to-drink shakes are expected to rise at a fast rate over the next few years.
Bottles are expected to capture a significant share of the overall market, depending on the packaging style. The reusability of PET and glass bottles is well recognized. Furthermore, enterprises in the field are recycling plastic bottles in order to receive tax benefits from the government for their environmentally favourable features.
Furthermore, recycled bottles reduce packing costs, resulting in higher earnings for the company. In the United States, Huel, for example, introduced chocolate RTD in 100 percent recyclable bottles produced from 25 percent recycled plastic in 2019.
Some of the key players operating in the Ready to Drink Shake market are Nestlé S.A, Starbucks Corporation, PepsiCo Inc., Monster beverage Co., Lotte Chilsung Beverage Co., The Coca-Cola Company, The J.M Smucker Company, Bolthouse Farms, Inc., Arla Foods amba, Atkin Nutritionals Inc. and others.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Nature, Packaging, Flavor and Region |
| Key Companies Profiled | Nestlé S.A; Starbucks Corporation; PepsiCo Inc.; Monster beverage Co.; Lotte Chilsung Beverage Co.; The Coca-Cola Company; The J.M Smucker Company; Bolthouse Farms Inc.; Arla Foods; Amba; Atkin Nutritionals Inc.; Nutrineo; CytoSport, Inc.; Nature’s Best; Orgain, Inc; Soylent; Others (on additional request) |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Ready to Drink Shakes market will reach nearly USD 11.0 Bn by 2022.
The Ready to Drink Shakes market is anticipated to reach a valuation of USD 22.7 Bn by 2032 end.
The Ready to Drink Shakes market is expected to register 7.5% CAGR between 2022 and 2032.
Demand for Ready to Drink Shakes in North America countries is anticipated to drive the demand during the forecast period of 2022 to 2032.
A few of the key players in the market are Nestlé S.A, Starbucks Corporation, PepsiCo Inc., Monster beverage Co., Lotte Chilsung Beverage Co., The Coca-Cola Company , The J.M Smucker Company, Bolthouse Farms Inc., Arla Foods, Amba, Atkin Nutritionals Inc., Nutrineo, CytoSport, Inc., Nature’s Best, Orgain, Inc,Soylent among Others.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Nature 5.1. Organic 5.2. Conventional 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Packaging Type 6.1. Bottles 6.2. Tetra packs/Carton 6.3. Cans 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Flavor 7.1. Chocolate 7.2. Banana 7.3. Strawberry 7.4. Vanilla 7.5. Citrus 7.6. Berries 7.7. Others 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Nestlé S.A 18.2. Starbucks Corporation 18.3. PepsiCo Inc. 18.4. Monster beverage Co. 18.5. Lotte Chilsung Beverage Co. 18.6. The Coca-Cola Company 18.7. The J.M Smucker Company 18.8. Bolthouse Farms Inc. 18.9. Arla Foods 18.10. Amba 18.11. Atkin Nutritionals Inc. 18.12. Nutrineo 18.13. CytoSport, Inc. 18.14. Nature’s Best 18.15. Orgain, Inc 18.16. Soylent 18.17. Others 19. Assumptions & Acronyms Used 20. Research Methodology
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Ready to Drink Shakes Market
