Authored By: Sarah
19 Aug 2024

Cordial Drink Market 2024-2028: Size and Low consumer demand for sweetened cordials; growth driven by the Packaging, Some of key Companies Positioned Strategically

The cordial drink market size by Packaging (PET bottles, Glass bottles, Aluminium cans, and Others) and Geography (Europe, North America, APAC, South America, and Middle East and Africa), is forecast to increase by USD 230.3 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

  • In the cordial drink market, vendors incorporate artificial sweeteners into their products to enhance taste. However, the rapid absorption of sugar in cordials can lead to a surge in blood sugar levels for consumers. Elevated sugar intake is linked to detrimental health consequences, including the exacerbation of conditions such as diabetes and obesity. According to the International Diabetes Federation (IDF), an estimated 537 million adults aged 20-80 lived with diabetes worldwide in 2021. This rising health consciousness and the prevalence of lifestyle diseases are expected to decrease the demand for sweetened cordial drinks during the forecast period.
  • 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.

Access the full report to know who are the other key countries segment-wise forecast and historic data

 

Some of the Key Companies:

  • 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.

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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