USD 1.02 billion
Cordial Drink Market Size, Share, Growth Analysis, By Type(Fruit cordial, vegetable cordial, and herbs & spices cordials), By Distribution Channel(supermarket/hypermarket, departmental stores, and online retail), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30G2013 |
Region:
Global |
Published Date: July, 2024
Pages:
198
|Tables:
63
|Figures:
77
Cordial Drink Market Insights
Global Cordial Drink Market size was valued at USD 1.02 billion in 2021 and is poised to grow from USD 1.06 billion in 2022 to USD 1.45 billion by 2030, at a CAGR of 4.0% during the forecast period (2024-2031).
According to the World Health Organization, alcohol is the leading cause of death worldwide. The World Health Organization (WHO) estimates that alcohol is responsible for 5.1% of the global burden of disease. Studies have shown that alcohol abuse is often linked with a range of physical, mental, and behavioral problems.
These problems can include infectious diseases such as tuberculosis. The demand for non-alcoholic beverages has regularly increased around the globe, as consumers are actively reducing their alcohol intake. Cordial beverage products, such as squash drinks, which are sweet, dessert-like drinks, have emerged as an ideal alternative to alcoholic spirits, as they are less harmful, contain no intoxicating substances, and can be consumed for any occasion.
US Cordial Drink Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fruit cordial
Fastest Growth
Fruit cordial
Growth Rate
4.0% CAGR
Global Cordial Drink Market ($ Bn)
Country Share for Europe Region (%)
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Cordial Drink Market Segmental Analysis
The cordial drink market is segmented on the basis of by type, by distribution channel, and by region. Whereas, by type is sub segmented into the Fruit cordial, vegetable cordial, and herbs & spices cordials. By distribution channel Cordial Drink Market is segmented into the supermarket/hypermarket, departmental stores, and online retail. By region Cordial Drink Market is segmented into North America, Europe, Asia pacific, South America, and MEA.
Cordial Drink Market Analysis by Type
On the basis of type, Fruit juice cordial is a clear, sweetened fruit beverage that is free of pulp and other suspended materials. Cordial is made by mixing clarified fruit juice, sugar syrup, acid, and other ingredients.
Cordial Drink Market Analysis by Distribution channel
Hypermarkets are one of the most common distribution channels for selling cordials. They offer consumers the convenience of buying these products in bulk and at a discounted price. The department stores provide easy access to products and make them available to a large number of people. Online retail sources often offer attractive deals as well as easy door-to-door delivery, making them a popular choice for consumers. The growth of the HoReCa sector worldwide helps to increase cordial sales.
Global Cordial Drink Market By Type
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Cordial Drink Market Regional Insights
Asia Pacific is expected to witness robust growth owing to the rising demand for novel non- alcoholic beverages. The demand for minimally processed fruit concentrates that retain their nutritional value is increasing in the region. Recycling packaging is increasingly being used for cordials, such as Britvic in 2019. They have adopted recycled PET for their products, including cordials.
Europe is expected to witness prominent growth in the market. Non-alcoholic beverages are in high demand in the European market, as consumers seek ways to reduce their sugar intake. The busy lifestyle and the need for easy-to-carry beverages are expected to fuel the demand for cordials in the region.
Global Cordial Drink Market By Region
- Largest
- Fastest
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Cordial Drink Market Dynamics
Cordial Drink Market Drivers
Trending Easy-To-Drink Beverages is Bolstering the Demand for Cordial Drinks
- The cordial market is growing because there is an increasing demand for easy-to-drink and flavoured non-alcoholic beverages. The majority of its formulations include vegetable extracts, fruit juice, herbs and spices, sugar substitutes and water. The demand for innovative alcohol-free fruit-based beverages and non-carbonated beverages is increasing. With more people becoming aware of the health risks associated with drinking alcohol, and with concerns about the possible increase in cancer rates, consumers are increasingly turning to soft drinks, including cordials. The popularity of cordials is due to their increased consumption due to their increased accessibility at cafes, restaurants, and hotels. The demand for clean label products is driving manufacturers to release sugar and preservative-free liqueurs.
Cordial Drink Market Restraints
Sugar Concerns to Hinder Market Growth
- The increase in sugar in food products is limiting the cordials market's growth. Another major restraint on the cordial market is the abundance of soft drink substitutes, such as ready-to-drink juice. The growing incidence rates of lifestyle disorders, such as obesity and diabetes, are discouraging consumers from purchasing highly sweetened cordials. Cordials are often manufactured in plastic bottles, which can be a concern for sustainability. This can be one of the causes of the cordial market going down.
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Cordial Drink Market Competitive Landscape
With the growing popularity of flavored drinks, key market players are expanding their portfolios to meet the changing beverage preferences of consumers. These companies are focused on developing new squash products to improve their brands' visibility and gain traction in the growing markets of Asia and Africa.
Cordial Drink Market Top players company profiles
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Coca-Cola
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PepsiCo
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Nestle
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Danone
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Dr. Pepper Snapple Group
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Red Bull
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Monster Beverage Corporation
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Keurig Dr Pepper
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Unilever
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The Kraft Heinz Company
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Fanta
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Suntory
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Ocean Spray
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Welch's
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Gatorade
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Evian
Cordial Drink Market Recent developments
- In March 2024, a trio of vodka-based spritzes, available in Elderflower, Raspberry, and Lime & Mint flavors, have been introduced. These spritzes are the result of a collaboration between British soft drinks brand Bottlegreen and Edwards 1902, combining Bottlegreen's cordials with Edwards 1902's English vodka.
- In August 2023, the well-known cordial maker from South Woodchester, bottlegreen, is teaming up with the luxury lifestyle brand Jo Malone London for an exclusive in-store collaboration this summer.
- In August 2023, Bottlegreen is introducing a fresh addition to its lineup with the launch of Orange & Lemon cordial, alongside three new sparkling pressé varieties, aiming to capitalize on robust sales growth. The Orange & Lemon Cordial comes in a 500ml glass bottle, offering 30 servings at a recommended retail price (RRP) of £4.05. Furthermore, Raspberry Lemonade and Ginger Beer are being added as permanent selections to the brand's sparkling pressé range, while Blood Orange Spritz is being offered as a limited-edition option.
Cordial Drink Key Market Trends
- Clean-labeled cordials are a drink trend that is expected to have a positive impact on the cordial drink market in the near future. Clean labeling involves disclosing the ingredients of cordials through the labeling used on the drink. The cordial is free of artificial colors, flavors, and ingredients and is made with natural and organic ingredients, including real fruit and vegetable extracts. The increasing awareness of the environmental impact created by synthetic and artificial ingredients used in beverages is leading to the increased adoption of naturally derived cordials.
Cordial Drink Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research and Analysis Wing) is our Business Information Services team that collects, collates, Co-relates and analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Cordial Drink Market analysis, The cordial drink market is part of the global packaged food and meats market, which is part of the global food, beverage, and tobacco market. Our report has looked at the external factors that will have an impact on the parent market growth potential in the coming years. These factors will determine the extent of growth of the cordial drink market during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 1.02 billion |
| Market size value in 2030 | USD 1.45 billion |
| Growth Rate | 4.0% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Cordial Drink Market Recent developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Cordial Drink Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Cordial Drink Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Cordial Drink Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cordial Drink Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cordial Drink Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cordial Drink Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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