Malaysia Cordial Drink Market Report and Forecast 2024-2032

Malaysia Cordial Drink Market Outlook

The Malaysia cordial drink market to be aided by the global market growth, which is expected to grow at a CAGR of 3.80% in the forecast period of 2024-2032.

Rising Demand for Non-Alcoholic and Non-Carbonated Beverages to Aid the Growth of the Cordial Drink Industry in Malaysia

The growing preference for non-alcoholic and non-carbonated beverages in Malaysia is driving the growth of the cordial drink industry. Cordial drinks are becoming increasingly popular among consumers owing to the rising demand for more natural ingredients, such as fruits and vegetable extract.

In 2020, the consumption of alcoholic drinks is expected to contract as consumer purchasing patterns shift towards essentials due to the outbreak of the pandemic. Meanwhile, the food and beverage sector is expected to register a positive growth, aided by the economic recovery from 2020, which is expected to inform the growth of the cordial drink industry in Malaysia. Further, the growing popularity of these drinks among the millennials and the rising health concern are expected to favour the growth of the industry in the forecast period.

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Cordial Drink: Market Segmentation

Cordial drink refers to a kind of sweetened syrup, tonic, or non-alcoholic drink that is usually fruit-flavoured. The main ingredients of the drink are fruit juice, water, and sugar or a sugar substitute. These non-alcoholic fruit drink concentrates also contain food colouring and additional flavours, and they can also be used in beverage making.

Based on flavour, the market is divided into:

• Orange
• Apple
• Lime/Lemon
• Strawberry
• Peach
• Blackcurrant
• Mixed Fruit
• Blueberry
• Others

On the basis of nature, the industry can be bifurcated into:

• Organic
• Conventional

The various types of cordial drinks are:

• Sugar Free
• Regular

By packaging, the industry can be broadly categorised into:

• PET Bottle
• Glass Bottle
• Aluminium Cans
• Others

The various distribution channels of cordial drink are:

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Others

Rising Health Concern and New Product Launches to Boost the Demand for Cordial Drink in Malaysia

The rising awareness among consumers about health is resulting in increased demand for products with natural ingredients, which is driving the demand for cordial drink in Malaysia. The increasing consumer disposable incomes are also contributing to the industry growth. The manufacturers are focusing on product innovation to provide consumers with healthy as well as refreshing options, with additional benefits such as no preservatives, sugar-free variants, added vitamin C and extra fibre, and new flavours. Over the forecast period, factors like the growing e-commerce sector and the increasing focus on product marketing are expected to further propel the industry growth in the region.

Key Industry Players in the Malaysia Cordial Drink Market

The report gives a detailed analysis of the following key players in the Malaysia cordial drink market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Fraser and Neave, Limited
• Red Horse Fruit Juice Manufacturers SDN. BHD.
• Suntory Beverage Food & Asia
• K.H.H. Double Lion Fruit Juice Manufacturing SDN. BHD
• Orange Crush (M) Sdn. Bhd.
• Jalen Sdn. Bhd.
• 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

Malaysia Cordial Drink Market Report Snapshots

Malaysia Cordial Drink Market Size

Malaysia Cordial Drink Market Growth

Malaysia Cordial Drink Market Demand

Malaysia Cordial Drink Companies