Global Cordial Drink Market 2024-2028
The cordial drink market is forecasted to grow by USD 230.3 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the cordial drink market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by consumer preference for cordials over alcoholic and carbonated beverages, consumer awareness of health risks associated with alcoholic drinks, and growing consumer demand for rtd beverages.
Technavio's cordial drink market is segmented as below:
By Packaging
- PET bottles
- Glass bottles
- Aluminium cans
- Others
By Geography
- Europe
- North America
- APAC
- South America
- Middle East and Africa
This study identifies the consumer demand for clean-labeled cordials as one of the prime reasons driving the cordial drink market growth during the next few years. Also, packaging related innovations and growing demand for cordials through online channels will lead to sizable demand in the market.
The report on the cordial drink market covers the following areas:
- Cordial drink market sizing
- Cordial drink market forecast
- Cordial drink market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cordial drink market vendors that include 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., and Tovali Ltd.. Also, the cordial drink market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.