New York, NY, July 11, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Breakfast Drinks Market by Product Offering (Gluten Free, Starch, Lactose Free, High Fiber, and High Protein), by Packaging (Carton and P.E.T.), and by Flavor (Banana, Strawberry, Coffee, Chocolate, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global breakfast drinks market accounted for USD 57.17 billion in 2018 and is expected to reach around USD 83.83 billion by 2026, at a CAGR of around 4.9% between 2019 and 2026.
Breakfast that we usually have lacks all the vitamins and minerals that one needs. This is the primary factor propelling the breakfast drinks market globally. The growing health consciousness is also driving the global breakfast drinks market. Moreover, the rising awareness about the benefits of nutritious breakfast drinks coupled with rapid distribution on e-commerce websites is likely to further aid this market. However, consumer preference for fresh drinks over packaged ones and high product demand with low availability may restrain the breakfast drinks market. Technological advancements along with growing demand for niche market products are expected to provide new growth opportunities for the key market players in the upcoming years.
Browse through 105 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Breakfast Drinks Market Size & Share 2018: By Product, Flavors, Industry Trends, Growth, Analysis and Forecast to 2026”.
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The breakfast drinks market is fragmented based on product offering, packaging, and flavor. By product offering, the market includes gluten-free, starch, lactose-free, high fiber, and high protein. Packaged drinks have a slightly low preference over a fresh drink among the consumers. But the ease provided by these packaging styles has made the consumers trust these products and alter their preference. Different product varieties are on the basis of different needs of the wide range of consumer categories. The packaging segment of the breakfast drinks market includes carton and P.E.T. Based on flavor, the market includes banana, strawberry, coffee, chocolate, and others. The various available flavors give consumers a wide range of options to choose from and enable them to taste and enjoy the variety.
North America is dominating the global breakfast drinks market, due to the high income per capita of the region’s population. The regional consumers prefer quality products and have full faith in packaged products, which, in turn, increases the regional demand for premium-priced breakfast drinks. Moreover, the regional technological advancements are expected to further drive the North American breakfast drinks market in the future. Almost two in every five U.S. consumers are replacing their breakfast with nutritious and formulated drinks.
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The European breakfast drinks market is expected to register a moderate rate of growth over the forthcoming years, due to the increasing demand for these formulated supplementary drinks across many European countries, the presence of several key players, and growing number of gyms and yoga centers. In Germany, consumers have changed their eating habits according to their new busy lifestyles. Breakfast is considered as the most important meal in the country and most of the consumers have substituted it with these healthy drinks.
The Asia Pacific region is expected to witness significant growth in the breakfast drinks market, owing to the convenience offered by these products for rapidly urbanizing cities. Developing countries of China and India are expected to majorly augment this regional market, due to rapid urbanization in these regions. Indians generally have a heavy breakfast, which consists of traditional oil- or butter-based food products that are rich in fats. But, the rising awareness about the health benefits of these breakfast drinks, Indians are adapting nutritious breakfast options instead of heavy breakfast items. China, South Korea, and other Southeast Asian countries adopted formulated supplementary drinks for breakfast. They have been the cash cows for these breakfast drink companies for the last few years. The low-income population in the region has no inclination toward adding these formulated drinks to their breakfast.
Browse the full “Breakfast Drinks Market by Product Offering (Gluten Free, Starch, Lactose Free, High Fiber, and High Protein), by Packaging (Carton and P.E.T.), and by Flavor (Banana, Strawberry, Coffee, Chocolate, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/breakfast-drinks-market
The Latin American breakfast drinks market is expected to witness substantial growth over the forecast time period. Brazil is the major regional consumer of breakfast drinks, owing to the large product demand. In addition, the breakfast food items preference in Latin America is pretty basic, i.e., consumers have traditional food items and do not have anything fancy.
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Some key players of the global breakfast drinks market are Kellogg, Quaker Oats, MOMA, General Mills, Sanitarium, Anchor, Nosh Drinks, Arla Foods, Whole Foods Market, and SmithKline Beecham.
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This report segments the global breakfast drinks market into:
Global Breakfast Drinks Market: Product Offering Analysis
- Gluten Free
- Starch
- Lactose Free
- High Fiber
- High Protein
Global Breakfast Drinks Market: Packaging Analysis
- Carton
- P.E.T.
Global Breakfast Drinks Market: Flavor Analysis
- Banana
- Strawberry
- Coffee
- Chocolate
- Others
Global Breakfast Drinks Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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