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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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
*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 3.8% between 2024 and 2032.
The market is being driven by growing health awareness, the rising popularity of cordial drinks among the young population, the rising demand for natural products, and the growing retail sector.
The increasing launches of new products and the growing investments in product marketing are the key trends guiding the market growth.
The major flavour segments of cordial drink in the market are orange, apple, lime/lemon, strawberry, peach, blackcurrant, mixed fruit, and blueberry, among others.
The leading nature segments of cordial drink in the market are organic and conventional.
The significant types of the product in the market are sugar free and regular.
The major packaging segments in the market are PET bottle, glass bottle, 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 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., and Jalen Sdn. Bhd., among others.
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