Authored By: Sarah
11 Jul 2024

 Cordial Drink Market Size to grow by USD 230.3 million between 2024-2028

According to a research report “ Cordial Drink Market” by Packaging (PET bottles, Glass bottles, Aluminium cans, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 230.3 million, at a CAGR of  4.5% during the forecast period. According to the World Health Organization (WHO), excessive alcohol consumption contributes significantly to global mortality, causing approximately 3 million deaths annually, equivalent to 5.3% of all global deaths. This figure includes a substantial number of deaths among individuals aged 20-39 years, with alcohol accounting for 13.5% of total deaths in this age group. The WHO further estimates that alcohol is responsible for 5.1% of the global burden of disease and injury, as measured in disability-adjusted life years (DALYs). Numerous research studies have identified the correlation between alcohol abuse and a range of disorders, including mental, behavioral, and physical conditions, as well as injuries.

Browse market data tables, figures, and in-depth TOC on “Cordial Drink Market” by Packaging (PET bottles, Glass bottles, Aluminium cans, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Packaging, the PET bottles segment is projected to dominate the market size in 2024

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By Geography, Europe  segment is expected to hold the largest market size for the year 2024

The PET bottles segment is poised for expansion in the global cordial drink market, fueled by the escalating consumption of beverages, particularly cordials, the burgeoning demand for premium beverage offerings, and the increasing preference for convenient packaging solutions. PET bottles offer several advantages, including durability, lightweight construction, and recyclability. These bottles are available in various sizes, ranging from 250 ml to 2 liters, to accommodate diverse consumption requirements. Their transparency enables consumers to view the product, while their malleability facilitates brand differentiation. The robustness of PET bottles ensures product support, tamper resistance, and environmental protection, making them an optimal choice for cordial drinks.

Europe is forecasted to hold the largest market size by region in 2024

The Cordial Drink Market represents a significant business opportunity, with increasing consumer preference for healthier and more convenient beverage options. Market growth is driven by key trends such as the rise of functional beverages, growing health consciousness, and the convenience factor. Major players in the market include Coca-Cola, PepsiCo, and Dr Pepper Snapple Group, who are investing heavily in product innovation and marketing strategies to capture market share. The market is expected to grow at a steady pace in the coming years, driven by these trends and the competitive landscape.

The Cordial Drink Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Asahi Beverages
  • Belvoir farm Drinks Ltd.
  • Bickfords Australia Pty. Ltd.
  • Britvic plc
  • CO RO AS
  • Fraser and Neave Holdings Bhd
  • Hindustan Unilever Ltd.
  • J Sainsbury plc
  • Mapro Food Pvt. Ltd.
  • Monin Inc.
  • Naam Som LLC
  • Nichols plc
  • norfolkcordial
  • Orange Crush M Sdn. Bhd.
  • RASNA PVT. LTD.
  • Red Horse Fruit Juice Manufacturers Sdn. Bhd.
  • Suntory Holdings Ltd.
  • The Coca Cola Co.
  • The Urban Cordial Co. Ltd.
  • Tovali Ltd.
.

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Research Analysis Overview

The cordial drink market encompasses a wide range of diluted, ready-to-drink beverages that offer an array of flavors derived from spices, flowers, herbs, fruits, and essences. These cordial syrups, fruit juice concentrates, vegetable cordials, and squash drinks are popular non-carbonated alternatives to soft drinks and non-alcoholic beverages. Manufacturers use various ingredients like sugar, sugar substitutes, herbs and spices, vegetable extracts, and fruit juice to create these flavorful concentrates. The resulting beverages can be diluted with water to create a customized taste experience. Cordial drinks have gained popularity due to their versatility and convenience. They are often used to make refreshing summer drinks, hot beverages during colder months, and even cocktails. However, it is essential to ensure the safety and quality of these beverages, especially during production and storage, as they can be susceptible to contamination from infectious diseases. The World Health Organization (WHO) has set guidelines for the production and consumption of cordial beverages, emphasizing the importance of proper hygiene practices, use of safe water sources, and the avoidance of alcohol in these products. Overall, the cordial drink market continues to evolve, offering consumers a diverse range of delicious and health-conscious options.

Market Research Overview

The cordial drink market is a fascinating segment of the indulgent beverages industry, offering a rich culinary heritage and a wide range of premium beverages. As consumer trends shift towards healthier alternatives and guilt-free indulgence, the market for orthodontic consumables and environment-friendly practices is on the rise. Organic certification, free from genetically modified organisms, fertilizers, and synthetic pesticides, is becoming increasingly important for consumers. Functional beverages, plant-based diets, and nutritional benefits are driving the demand for lower sugar content and natural ingredients. Health-conscious individuals seek refreshing taste experiences, rich in phytonutrients, antioxidants, minerals, vitamins, and other essential nutrients. Vegetarian, vegan, and preservative-free cordials are gaining popularity among consumers with dietary preferences. Cordial syrups, flavored beverage concentrates, and aseptic packaging are popular choices for cocktail enthusiasts, mixologists, and bartenders. Signature cocktails and drink profiles offer customized options, adjustable sweetness, and a burst of flavor through botanical infusions, tropical fruits, berries, citrus fruits, and spices. Novel non-alcoholic beverages, such as mocktails and cordial beverage products, are available through online retail sources and departmental stores. Consumers can also find clean-labeled cordials, free from added sugar, preservatives, colors, and artificial flavors, in recycled PET bottles. The foodservice sector, including soft drinks and non-carbonated beverages, is also embracing the trend towards clean label products and natural ingredients. However, it's important to note that excessive sugar intake can lead to lifestyle disorders such as diabetes and obesity, so moderation is key. The World Health Organization recommends limiting the intake of sugary drinks, including cordials, to reduce the risk of infectious diseases and other health issues. Therefore, it's crucial to prioritize healthier alternatives and enjoy the complex, depth, and versatility of cordial drinks in moderation.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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