NEW
YORK, July 9, 2024 /PRNewswire/ -- A cordial
beverage is a non-alcoholic concentrated syrup made from fruits,
herbs, or flowers, typically mixed with water to create a
refreshing drink. The global cordial drink market is poised to grow
significantly, driven by consumer preferences shifting towards
healthier, clean-labeled options over alcoholic and carbonated
drinks. Despite challenges like low demand for sweetened varieties,
key players like Asahi Beverages, Britvic plc, and The
Coca-Cola Co. are innovating to meet evolving consumer tastes and
preferences, ensuring growth in this segment.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Packaging (PET bottles,
Glass bottles, Aluminium cans, and Others) and Geography (Europe,
North America, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Asahi Beverages,
Belvoir farm Drinks Ltd., Bickfords Australia Pty. Ltd., Britvic
plc, CO RO AS, Fraser and Neave Holdings Bhd, Hindustan Unilever
Ltd., J Sainsbury plc, Mapro Food Pvt. Ltd., Monin Inc., Naam Som
LLC, Nichols plc, norfolkcordial, Orange Crush M Sdn. Bhd.,
RASNA PVT. LTD., Red Horse Fruit Juice Manufacturers Sdn. Bhd.,
Suntory Holdings Ltd., The Coca Cola Co., The Urban Cordial Co.
Ltd., and Tovali Ltd.
|
Key Market Trends Fueling Growth
The cordial drink market is witnessing a rise in demand for
clean-labeled cordials. Consumers prefer cordials with clear
labeling, providing information about natural and organic
ingredients, free from artificial colors, flavors, and additives.
This trend is driven by increasing consumer awareness towards
health and ethics. Regulations in regions like Europe and the US mandate comprehensive
labeling, enabling consumers to make informed decisions. Vendors,
such as SHS Drinks, are responding by offering naturally derived
cordials to strengthen their market presence and cater to consumer
preferences. The FDA's regulations in the US further emphasize the
importance of clear labeling. The global cordial drink market is
expected to grow as consumers continue to prioritize naturally
derived ingredients and transparency in labeling.
The cordial drink market is experiencing significant trends due
to increasing health concerns. Consumers are shifting towards
non-carbonated, clean-labeled cordials with natural ingredients
like fruit juice, vegetable extracts, herbs, and spices. Obesity
and diabetes have fueled demand for sugar substitutes and
water-based cordials. Plastic bottles are being replaced with
recyclable and aseptic packaging. Preservative-free cordials and
concentrates are popular, with added sugar and artificial colors on
the decline. The foodservice sector and departmental stores remain
key distribution channels, while online retail sources offer novel
non-alcoholic beverages. Customized, adjustable, and refreshing
options are in demand, with citrus fruits, berries, tropical
fruits, and botanical infusions providing a burst of flavor.
Versatile cordials can be mixed and diluted to create customized
drink options. Essence and flavor extracts offer sweetness without
added sugar.
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Market Challenges
- The global cordial drink market may experience a decline during
the forecast period due to increasing health consciousness and the
prevalence of lifestyle diseases such as diabetes and obesity.
Consumers are becoming more cautious about their sugar intake, as
high blood sugar levels can lead to detrimental health effects.
According to the International Diabetes Federation, the number of
adults living with diabetes is projected to rise to 783 million by
2045. In the US, the adult obesity rate reached 42.4% in 2019, with
the country grappling with an obesity crisis. Obesity is linked to
numerous health issues, including diabetes. The added sugar in
cordials can contribute to these health concerns, potentially
hindering market growth.
- The cordial drink market faces several challenges in catering
to health-conscious individuals. Antioxidants and phytonutrients
are essential for consumers, making it crucial for cordial beverage
companies to source natural ingredients. Refreshing taste
experiences are a must, but lower sugar content is also a priority.
Standalone beverages, functional beverages, and both fruit and
vegetable cordials are popular choices. Plant-based diets and
organic certification are trending, leading to a demand for organic
cordial drink products. Environment-friendly practices, such as
using recycled PET bottles, are necessary to appeal to
eco-conscious consumers. Functional beverages, including squash
drinks, offer nutritional benefits, making them a guilt-free
indulgence. Premium and indulgent beverages, as well as those with
a culinary heritage, also have a place in the market. The World
Health Organization emphasizes the importance of reducing sugar
intake and promoting clean label products to combat lifestyle
disorders. Conventional cordial beverages may face resistance due
to synthetic pesticides, fertilizers, and genetically modified
organisms. The orthodontic consumables market and non-alcoholic
beverages are significant sectors. Alcohol and infectious diseases
are not concerns for cordial drinks, but they must still adhere to
regulations and certifications.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This cordial drink market report extensively covers market
segmentation by
- Packaging
- 1.1 PET bottles
- 1.2 Glass bottles
- 1.3 Aluminium cans
- 1.4 Others
- Geography
- 2.1 Europe
- 2.2 North America
- 2.3 APAC
- 2.4 South America
- 2.5 Middle East and
Africa
1.1 PET bottles- The PET bottles segment is a
significant contributor to the global cordial drink market's
growth. Driven by the rising consumption of cordials and other
beverages, the increasing preference for premium packaging, and the
need for convenient packaging solutions, the segment is expected to
expand during the forecast period. PET bottles offer several
advantages, including durability, lightweight nature,
recyclability, transparency, and brand differentiation. Their
ability to preserve the drink's flavor and extend its shelf life by
acting as a barrier against carbon dioxide and oxygen is another
key factor driving their popularity. Available in various sizes
from 250 ml to 2 liters, PET bottles cater to diverse consumption
needs. Their cost-effectiveness and ease of use further make them a
preferred choice in the global cordial drink market.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2018 - 2022) - Download a Sample Report
Research Analysis
The cordial drink market encompasses a wide range of
non-alcoholic beverages, including squash drinks, fruit cordial,
vegetable cordial, and fruit juice cordial. These beverages are
made by mixing a concentrated syrup or essence with water. Squash
drinks are popular choices, often made from fruit juice, vegetable
extracts, herbs, and spices. Fruit cordials can be made from
various fruits, while vegetable cordials may include beetroot,
carrot, or other vegetable extracts. Sugar and sugar substitutes
are commonly used in cordial production, but water is also a key
ingredient. The market for cordial beverages includes
non-carbonated beverages, such as non-alcoholic soft drinks and
ready-to-drink beverages. The World Health Organization emphasizes
the importance of consuming these beverages in moderation, as
excessive sugar intake can contribute to health issues, including
obesity and tooth decay. The cordial drink market continues to
evolve, with new flavors and innovative ingredients, such as herbs
and spices, being introduced regularly.
Market Research Overview
The cordial drink market encompasses a wide range of
non-alcoholic beverages, including squash drinks, fruit cordials,
vegetable cordials, and fruit juice cordials. These beverages offer
consumers a refreshing, versatile, and customizable drinking
experience. The market includes various types of fruits, herbs,
flowers, and spices used as flavoring agents. The World Health
Organization emphasizes the importance of reducing sugar intake to
combat lifestyle disorders such as obesity and diabetes. As a
result, there is a growing demand for clean-labeled cordials and
sugar substitutes. Recycled PET and aseptic packaging are also
gaining popularity due to environmental concerns. Consumers are
increasingly seeking novel non-alcoholic beverages, and the market
offers a burst of flavor through citrus fruits, berries, tropical
fruits, botanical infusions, and more. Ready-to-drink beverages and
diluted cordials are convenient options for consumers, while
customized drink options cater to individual preferences. The
foodservice sector and online retail sources are significant
channels for cordial drink sales. Consumers can also find these
beverages in department stores and specialty stores. Mixology and
cocktail culture have led to the creation of flavoring agents for
cocktails and mocktails, as well as for use in desserts and other
culinary applications. The cordial drink market is adjustable and
mixable, offering depth and complexity to suit various consumer
preferences. Consumers can explore different flavor profiles, from
sweet to tart, and customize their drinks according to their taste.
The market caters to various dietary preferences, including vegan,
gluten-free, and sugar-free options. Clean-labeled cordials,
preservative-free cordials, and aseptic packaging are becoming
increasingly popular due to consumer demand for healthier
alternatives. Essence, flavor, water, and non-carbonated beverages
are all essential components of the cordial drink market. The
market is continuously evolving, with new flavors, ingredients, and
packaging innovations emerging to meet consumer preferences.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Packaging
-
- PET Bottles
- Glass Bottles
- Aluminium Cans
- Others
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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