Market Snapshot:
Frozen drinks, also known as slush, slushy is flavored ice. Frozen drinks are made by freezing non-carbonated drinks. These have a crunchy texture and are available in a wide range of flavors. The demand for to-go beverages is on the rise owing to a fast-paced lifestyle of consumers worldwide. Frozen drinks are usually classified as non-alcoholic or alcoholic beverages and are maintained at a temperature lower than their freezing point henceforth doesn’t require refrigeration by serving time. It can be used at stores and can be served immediately using an icebox or by mixing some water.
Highlights from Frozen Drinks Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.6% |
The key Vendors profiled in the report are The Coca-Cola Company (United States), Red Bull Gmbh (Austria), General Mills (United States), Claffey's Frozen Cocktails (United States), Pepsico (United States), Kraft Heinz Company (United States), Nestle (Switzerland), Anheuser-Busch InBev (Belgium), Unilever (United Kingdom) and L'Arche Green N.V. (Netherlands). Additionally, other players that are part of this comprehensive study are LACTALIS (France), Mengniu (China), Tsingtao (China), Yili (China), Heineken Brouwerijen (Netherlands), Diageo (United Kingdom) and KOLD Frozen Cocktails.
Geographic Breakdown and Segment Analysis
The Global Frozen Drinks market presents a comprehensive analysis of the Frozen Drinks market by product type (Alcoholic Drinks and Non-Alcoholic Drinks), by end-user/application (Hyper & Supermarket, Specialty Stores and Convenience Stores), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Frozen Drinks industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Frozen Drinks market, the Asia Pacific has emerged as a crucial market for several Frozen Drinks brands.
Analyst at AMA have segmented the market study of Global Frozen Drinks market by Type, Application and Region. On the basis of application, Hyper & Supermarket segment is dominating the market and hold 52.5% of market share.
Influencing Trend:
The Market for Low-Calorie Frozen Drinks is on the Rise
Market Growth Drivers:
High Demand from Tropical Regions where Temperature is Mostly High and Rising Market for Packaged Foods Is Boosting the Market Further
Challenges:
Excessive Consumption Leads to Weak Immunity
Restraints:
High Cost
Opportunities:
The Boom of Supermarkets and Hypermarkets Will Boost Sales and Rising Temprature and Global Warming May Boost Demand
Market Developments Activities:
In June 2018,McDonald's teamed up with Pure Michigan and Coca-Cola to create the Pure Michigan Mix, which is a blend of Fanta Blue Raspberry and Sprite Lymonade.
In July 2023, McDonald's teamed up with Pure Michigan and Coca-Cola to create the Pure Michigan Mix, which is a blend of Fanta Blue Raspberry and Sprite Lymonade.
Industry players are giving lot of emphasis on hygeine factor. As the frozen drinks market have seen rising consumer demand especially for organic and clean labels products; thus factoring the demand for plant-based non-alcoholic beverages over regular beverages.
Key Target Audience
Frozen Drinks Manufacturer, Frozen Drinks Traders/Distributors/Suppliers, Frozen Drinks Raw Material Supplier, Frozen Drinks End-Users, Downstream Vendors, Regulatory & Government Bodies and Others