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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Cordial Drink Market Size
The global cordial drink market is expected to grow at a CAGR of about 4.8% between 2024 and 2032.
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Rising Demand from Europe to Bolster the Cordial Drink Market Growth
Europe is expected to account for a significant share in the global market for cordial drinks. The rapidly rising consumption of healthy drinks in the region is driving the growth of the industry in Europe. Europe is one of the most dominant regions for cordial drinks, both in terms of consumption and production. European consumers, in contrast to consumers from the United States and Asia, also highly prefer cordial drinks, with many traditional beverage recipes featuring cordials. Consequently, there is a large presence of major producers of cordial drinks in the European market.
Due to their increased use in the food and beverage industry, the cordial drink market is expected to gain momentum in its growth globally. The increasing demand for ready-to-serve beverages is also expected to fuel the growth of the cordial drink industry. The shift in the consumers’ preferences from carbonated and alcoholic beverages to organic and nutritionally-rich drinks are also expected to favourably aid the market growth.
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Cordial Drink Industry Segmentation
Cordial drink is also widely referred to as squash. It is a condensed liquid that is not alcoholic and used to make drinks. It usually includes berries or other fruits, fruit juices, water, and sugar or a substitute for sugar. Food colouring and additional fragrance can also be present in the modern cordial drink.
Based on flavour, the industry can be segmented as follows:
- Orange
- Apple
- Lime/Lemon
- Strawberry
- Peach
- Blackcurrant
- Mixed Fruit
- Blueberry
- Others
By nature, the product can be bifurcated into organic and conventional. The types of the product can be divided into:
- Sugar Free
- Regular
The packaging types in the industry can be segmented as follows:
- PET Bottles
- Glass Bottles
- Aluminium Cans
- Others
The major distribution channels for cordial drinks can be divided into:
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail
- Others
The regional markets for cordial drink can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Growing Consumption of Nutritionally-Rich Beverages to Aid the Cordial Drink Market Growth
The changes in lifestyles and eating habits have led to a rise in the consumption of inexpensive, nutritious, and convenient beverages, such as cordial drinks, which has catalysed the global cordial drink market growth. In order to increase the customer base, manufacturers have added a wide variety of flavours and aromas to their product portfolios and are producing juices that are free from preservatives and sugar. These are expected to propel their growth within the cordial drink industry.
Previously, because of the absence of infrastructure and storage facilities, many players were hesitant to sell their goods in developing countries. However, with the number of organised retail outlets growing in these regions, many players are now prepared to invest in these markets to boost their cordial drink production. Moreover, millennials are increasingly looking for new taste experiences and are exploring the fresh flavours offered by the cordial drink producers by including them in traditional drinks and new products. These factors are expected to aid the growth of the market in the coming years.
Key Players in the Global Cordial Drink Market
The report gives a detailed analysis of the following key players in the global cordial drink market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Britvic Plc
- Tovali Limited
- Bickford’s Australia Pvt. Ltd.
- Rasna Pvt Limited
- Sainsbury’s Group
- Nichols Plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Flavour |
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| Breakup by Nature |
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| Breakup by Type |
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| Breakup by Packaging |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The major market drivers include rising disposable incomes, rising consumption of convenient beverages, growing demand for nutritious products, and rising penetration of the product in the emerging regions.
The key trends guiding the market growth include the innovations in flavour and aroma by key players, the rising demand for beverages free from preservatives and sugar, and the adoption of innovative packaging by manufacturers.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading flavours in the market are orange, apple, lime/lemon, strawberry, peach, blackcurrant, mixed fruit, and blueberry, among others.
Organic and conventional are the major segments based on the nature of the product.
The significant types of the product in the market are sugar free and regular.
The significant packaging segments considered in the market report are PET bottles, glass bottles, and aluminium cans, among others.
The leading distribution channels in the market are supermarkets/hypermarkets, convenience stores, and online retail, among others.
The major players in the market are Britvic Plc, Tovali Limited, Bickford’s Australia Pvt. Ltd., Rasna Pvt Limited, Sainsbury’s Group, and Nichols Plc, among others.
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