Ready to Drink Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Ready to Drink Protein Shakes & Industry Value and it is Segmented by Source (whey, casein, soy, and other sources), Type of Packaging (bottles, cans, others), Distribution Channel (supermarkets/hypermarkets, pharmacies/drugstores, specialist retailers, online retail, and other channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecast in value terms in USD million for all the above segments.

RTD Protein Beverages Market Size

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Ready-to-Drink Protein Beverages Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.68 Billion
Market Size (2029) USD 2.43 Billion
CAGR (2024 - 2029) 7.72 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Ready-to-Drink Protein Beverages Market Major Players

*Disclaimer: Major Players sorted in no particular order

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RTD Protein Beverages Market Analysis

The Ready-to-Drink Protein Beverages Market size is estimated at USD 1.68 billion in 2024, and is expected to reach USD 2.43 billion by 2029, growing at a CAGR of 7.72% during the forecast period (2024-2029).

Over the medium term, the consumers' inclination toward maintaining health and awareness would create immense demand for protein-enriched drinks. Currently, protein drinks are being increasingly marketed across the regions as sports nutrition drinks. Athletes and bodybuilders are increasingly consuming these protein drinks to improve their overall performance, health, and muscle growth.

In 2021, research conducted by the Southeast Dairy Foods Research Center and Northeast Dairy Foods Research Center collectively stated that Consumers are keenly looking for products that can improve their health and wellness. It further noted that 76% of American consumers between 18 and 80 made minor dietary modifications during the year to obtain an overall healthier diet. Based on survey data, researchers concluded that flavor is the most critical factor in determining whether or not to purchase foods and beverages (the percentage is around 83%). At the same time, 73% was followed by price, convenience, healthfulness, and sustainability. Protein was rated as the most desired nutrient in that same poll, with 64% of participants saying they were attempting to increase their intake. Therefore, Ready-to-drink (RTD) protein beverages' convenience and diversity draw in new customers.

Demand for plant-based protein drinks is expected to push manufacturers to bring organic clean-label protein drinks across the market channels. The high-protein trend is gaining a foothold across the globe as protein claims on food and drink launches continue their growth path. Even though the share of products carrying high-protein claims is still low in Asian countries, the absolute number of high-protein beverage product introductions experienced strong growth over the past years. It made 'high in protein' one of the most substantial growing claims in the Ready-to-Drink Beverages market.

COVID-19 stimulated protein beverage customization, as gyms across various countries were closed and sporting gatherings were banned. It provided an opportunity for companies to roll out new offerings in line with changing consumers' tastes and preferences, which is crucial, as the mainstreaming of protein-nutrition drinks is highly competitive.

RTD Protein Beverages Market Trends

This section covers the major market trends shaping the Ready-to-Drink Protein Beverages Market according to our research experts:

Strong Demand from Health Conscious Consumers

Protein-based drinks have increasingly gained popularity, mainly among athletes and individuals involved in vigorous physical activities. The growing emphasis on staying healthy and in shape and rising participation in sports, health clubs, sports clubs, and gyms are some key drivers contributing to the growth of the global ready-to-drink protein beverage industry. Health clubs and fitness centers have witnessed consistent growth in recent years due to increased health concerns and lifestyle changes. The rise in health awareness and the need for adequate nutritional content in food fostered the demand for sports nutrition products, including protein beverages. According to a study by Swiss Re in 2021, around 50% of people in the Asia Pacific region opted for healthier food options to maintain Health, while 40% of people opted for an increase in the purchase of nutritional supplements/vitamins.

RTD Protein Beverages Market - Ready-To-Drink Protein Beverages Market: Routines opted by people to manage health during COVID-19, in Percentage, Asia-Pacific, 2021

North America Dominates the Market

While awareness of the need and benefits of protein is increasing, so is the demand for convenience. An increasingly more significant number of consumers are eating on the go and looking to supplement their diets with protein beverages. While the traditional protein smoothie or shake is a popular option, many are choosing refreshing and thirst-quenching clear protein drinks. Moreover, because of the rising vegan and flexitarian trend, many consumers are demanding vegan beverages. According to the National Institutes of Health (NIH), around 30 to 50 million Americans are estimated to be lactose intolerant. Due to the potential health benefits a vegan diet offers, the rising vegan population may act as a significant driver for the Plant-based Ready-to-Drink Protein Beverages Market. Therefore, Players are capitalizing on the growing popularity of plant-based protein diets to tap into such potential market opportunities.

Due to the rising awareness about various diseases, such as obesity, consumers are opting for a healthier diet. These diseases can lead to cardiovascular issues, such as health attacks and uneven heartbeat. For instance, as per the Organization for Economic Co-operation and Development (OECD), about 73% of the Mexican population is overweight (compared to one-fifth of the people in 1996). Mexico includes one of the highest rates of obesity in the OECD. In addition, 34% of obese are morbidly obese - the highest level of obesity. Increasing cases of obesity in Mexico and increased awareness among individuals regarding weight management through Ready-to-Drink Protein Beverages consumption are expected to help the market grow.

RTD Protein Beverage Market - Ready-to-Drink Protein Beverages Market Market Size (%), By Geography, Global, 2021

RTD Protein Beverages Industry Overview

The global ready-to-drink protein beverages market is competitive and is driven by various active players. The major players have used new product launches, expansions, joint ventures, partnerships, acquisitions, and others to increase the market growth. The key players operating in the market include Pepsi Co, Glanbia PLC, Coca-Cola (Fairlife), and Labrada, among others. Manufacturers are increasing their investments in R&D and marketing and expanding their distribution channels to maintain their market position. To sustain their roles in the market, leading players are bringing innovation in their product offerings to cater to the changing consumer demand.

RTD Protein Beverages Market Leaders

  1. PepsiCo, Inc.

  2. Glanbia Plc

  3. Labrada Nutrition

  4. The Coca Cola Company

  5. Post Holdings Inc.

*Disclaimer: Major Players sorted in no particular order

epsiCo, Inc., Glanbia Plc, Labrada Nutrition, The Coca Cola Company, Post Holdings Inc.
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RTD Protein Beverages Market News

  • March 2022: QNT SA and Qimia Makmal Arad Company entered a partnership. Qimia is authorized in Iran to distribute QNT's functional foods, supplements, and sports nutrition products.
  • February 2022: Optimum Nutrition introduced a new Ready-to-Drink (RTD) protein supplement separate from the company's Gold Standard RTD Protein in the UK.
  • February 2021: The plant-based beverage company, Koia, announced that its products may now be nationally distributed in 7-Eleven convenience stores in the US. Over 60% of consumers come to 7-Eleven for beverages, making it critical for the company portfolio to match their needs to live healthy lives.
  • May 2021: PepsiCo's Naked brand launched its latest smoothie innovation, Indulgent Protein, available in two flavors, rich chocolate protein, and velvety vanilla protein.

RTD Protein Beverages Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Source

      1. 5.1.1 Whey

      2. 5.1.2 Casein

      3. 5.1.3 Soy

      4. 5.1.4 Other Sources

    2. 5.2 Type of Packaging

      1. 5.2.1 Bottles

      2. 5.2.2 Cans

      3. 5.2.3 Others

    3. 5.3 Distribution Channel

      1. 5.3.1 Supermarkets/Hypermarkets

      2. 5.3.2 Pharmacies/Drugstores

      3. 5.3.3 Specialist Retailers

      4. 5.3.4 Online Retail

      5. 5.3.5 Other Channels

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Spain

        5. 5.4.2.5 Italy

        6. 5.4.2.6 Russia

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Positioning of Players

    3. 6.3 Company Profiles

      1. 6.3.1 Kellogg Company

      2. 6.3.2 Glanbia PLC

      3. 6.3.3 PepsiCo Inc.

      4. 6.3.4 Halen Brands

      5. 6.3.5 Post Holdings Inc.

      6. 6.3.6 Koia

      7. 6.3.7 Abbott Nutrition

      8. 6.3.8 Labrada Nutrition

      9. 6.3.9 The Coca Cola Company

      10. 6.3.10 Pure Protein

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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RTD Protein Beverages Industry Segmentation

The ready-to-drink protein beverages are products produced using a variety of high-protein substances to fulfill the daily nutrient requirements of individuals and are considered a convenient way to consume nutrients on the go. The ready-to-drink protein beverages market is segmented by source, type of packaging distribution channel, and geography. The market is further segmented by source: whey, casein, soy, and other sources. By type of packaging, the market is segmented as bottles, cans, and others. By distribution, the market is segmented as supermarkets/hypermarkets, pharmacies/drugstores, specialist retailers, online retail, and other channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The market size for each segment is based on value (USD million).

Source
Whey
Casein
Soy
Other Sources
Type of Packaging
Bottles
Cans
Others
Distribution Channel
Supermarkets/Hypermarkets
Pharmacies/Drugstores
Specialist Retailers
Online Retail
Other Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Spain
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
South Africa
United Arab Emirates
Rest of Middle-East and Africa
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RTD Protein Beverages Market Research FAQs

The Ready-to-Drink Protein Beverages Market size is expected to reach USD 1.68 billion in 2024 and grow at a CAGR of 7.72% to reach USD 2.43 billion by 2029.

In 2024, the Ready-to-Drink Protein Beverages Market size is expected to reach USD 1.68 billion.

PepsiCo, Inc., Glanbia Plc, Labrada Nutrition , The Coca Cola Company and Post Holdings Inc. are the major companies operating in the Ready-to-Drink Protein Beverages Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Ready-to-Drink Protein Beverages Market.

In 2023, the Ready-to-Drink Protein Beverages Market size was estimated at USD 1.56 billion. The report covers the Ready-to-Drink Protein Beverages Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ready-to-Drink Protein Beverages Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Ready to Drink Protein Industry Report

Statistics for the 2024 Ready to Drink Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Ready to Drink Protein analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Ready to Drink Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)