Powdered Soft Drink Market Current Status, In-depth Analysis and Forecast Outlook 2031
The global powdered soft drink market is anticipated to grow significantly at a CAGR of 2.8% over the forecast period (2024-2031). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the marketplace. For an instance, in January 2022, soft drink company Monster Beverage Corp. announced that it has acquired the Perrin Brewing Co. With this acquisition both the company will provide a full in-place infrastructure, including people, distribution, and licenses, along with alcoholic beverage development expertise and manufacturing capabilities in this industry. In addition, in July 2020, Neuro brands LLC has introduced a new line of powdered drink mixes. The new mix is a new version of neruoSLEEP and neuroIMMUNE beverages. In conjunction with a healthy diet, neuroIMMUNE provides a great source of vitamin D for the immune system. Further, in October 2019, Nestle expanded its partnership with New Age Beverages Corp. The deal between the company broadens New Age’s portfolio by adding Nestea powdered tea. It also expands the line with the new flavors and recipes.
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Further, due to COVID-19, people are become more health-conscious and ready to eat healthy and full nourishment drinks, to enhance their productivity and immune system. In addition to this, the demand for powdered soft drink market is expected to drive during the forecast period.
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Market Coverage
o By Flavour
o By Packaging
o By Distribution Channel
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
Global Powdered Soft Drink Market by Segment
By Flavour
By Packaging
By Distribution Channel
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