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

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).

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. ' Coca-Cola ', ' PepsiCo ', ' Nestle ', ' Danone ', ' Dr. Pepper Snapple Group ', ' Red Bull ', ' Monster Beverage Corporation ', ' Keurig Dr Pepper ', ' Unilever ', ' The Kraft Heinz Company ', ' Fanta ', ' Tropicana ', ' Suntory ', ' Ocean Spray ', ' Bai Brands ', ' Welch's ', ' Gatorade ', ' Powerade ', ' Evian ', '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.'

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.

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.

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.