Packaged Milkshakes Market Size, Share, Growth Analysis, By Flavor(Chocolate, Vanilla, Strawberry, and Others), By Packaging Material(Glass, Tin, Paper, and Plastic), By Region - Industry Forecast 2024-2031

Global Packaged Milkshakes Market size was valued at USD 304.66 million in 2022 and is poised to grow from USD 323.85 million in 2023 to USD 527.98 million by 2031, at a CAGR of 6.30% during the forecast period (2024-2031).

Surging demand for ready-to-drink (RTD) beverages coupled with evolving consumer preferences are projected to be key factors driving global packaged milkshakes market growth. Flavored milk-based beverages that offer the classic taste of a milkshake in a pre-packed format are known as packaged milkshakes. From adults to children, people of all age groups enjoy a good milkshake and this is what packaged milkshake companies are trying to build their business on going forward.

High demand for convenience and adoption of fast-paced lifestyles giving rise to the ready-to-drink beverage trend is also estimated to boost sales of packaged milkshakes over the coming years. Wide availability of flavors such as chocolate, strawberry, and vanilla is improving the appeal of these products. The quick energy boost offered by milkshakes while being a satisfying tasty snack has promoted the popularity of packaged milkshakes.

Growing health consciousness is pushing packaged milkshake manufacturers to incorporate healthy and functional ingredients in their products. Low-fat, low-sugar, and high-protein milkshake options are gaining massive popularity among fitness-conscious people around the world. packaged milkshakes come in a wide variety of packaging formats such as single-serve bottles, cartons, and pouches, making it more accessible to consumers.