Drinkable Snacks Market size was estimated at $15,786 million in 2020, growing at a CAGR of 4.5% during the forecast period 2021-2026. Drinkable snacks are sold in ready-to-consume form and do not require any preparation. They contain mainly liquid milk or non-milk products, together with additional ingredients that have the same function as solid snack products. Drinkable snacks are beverages that provide a value similar to food or snacks. They usually include products such as smoothies, yogurts, milkshakes, soups and other. Health awareness and diet consciousness among people have driven the demand of drinkable yogurt. Moreover, with fast-paced lifestyles and increase in consumer health awareness drive demand for such drinks. Apart from this, the increased demand for multifunctional foods and beverages has further widened the opportunities for Global Drinkable Snacks market.
Factors such as healthier eating habits, higher demand of less processed products and the growing awareness among the customer about the harmful effects of excessive vitamins and minerals are driving the growth of the market during the forecast period 2021-2026.
The growing urbanization is driving the demand for drinkable snacks as they are convenient and portable as well as ensure health and is likely to be the major driving factor for the market’s growth.
Asia-Pacific region is estimated to grow at the fastest CAGR of 5.3% during the forecast period 2021-2026. This is owing to the increasing number of urban populations in the region which is aiding to the growth of market.
Drinkable Snacks Market Segment Analysis – By Ingredients Type
Drinkable Snacks Market Segment Analysis – By Applications Type
Drinkable Snacks Market Segment Analysis – By Regions
Drinkable Snacks Market Drivers
Rising Demand for Dairy Alternative products:
Increasing Demand of Healthier Drinkable Snacks:
Drinkable Snacks Market Challenges
Preference of health benefits over taste:
Stringent Food Safety and Formulation Regulations:
Drinkable Snacks Market Landscape
- In 2020, The Turlock plant was expanded by Blue Diamond Growers and almond milk production were introduced. With a total workforce of approximately 230 in Turlock, 500 in Salida and 1,000 at the Sacramento Headquarters, the project adds a small number of jobs