Global Squash Drink Market Size, Trends and Growth opportunity, By nature (regular and blended), By base type (berry, citrus fruit, tropic and exotic fruits, mixed fruits and others), By product type (sugar and non-added sugar),By distribution channel (online and offline),By region and forecast till 2027.
Global Squash Drink Market
The global squash drink market was valued at US$1100 million in 2021 and it is expected to reach at US$1480 million in 2027 at a CAGR of 5% during forecast period 2022-2027.
Squash is a fruit-based concentrated syrup. It is a syrup that is frequently used to make non-alcoholic beverages. The squash is blended with the necessary amount of water or carbonated water to create squash drink. The market for squash drinks is estimated to rise in the coming years as a result of the demand for non-alcoholic drinks among those who value their health.
Market Drivers
The primary factor driving the growth of the squash market globally is the increased demand for non-alcoholic products among consumers. The expansion of the worldwide squash market is predicted to be fuelled by customers' growing preference for natural fruit juices over aerated beverages. The market for natural sweeteners is predicted to increase at a faster rate than the worldwide squash industry. Moreover, as disposable income has increased, so has customers' purchasing power in emerging nations, which has increased demand for a wide range of squash beverages.
Market Restraints
The main restraints in this case are the amount of fructose in the squash, which could have negative health effects, and the growing popularity of freshly made fruit juice and other fruit-based foods and beverages.
Market Segmentation
The global squash drink market segmented into nature, product type, base type and distribution channel. On the basis of nature it segmented into regular and blended. On the basis of product type it segmented into added sugar and non-added sugar. On the basis of base type it segmented into berry, citrus fruit, tropic and exotic fruits, mixed fruits and others. On the basis of distribution channel it segmented into online and offline.
Regional Analysis
The global squash drink market segmented into five regions North America, Europe, Latin America, Asia Pacific, Middle East and Africa. Due to a rise in the acceptance of natural fruit juices as an alternative to aerated beverages and organic fruit juices as a replacement for aerated drinks by consumers in this region who are health aware, Asia-Pacific now dominates the global market for squash drinks.
Key Players
Various key players are listed in this report such as Robinsons, Kissan, Britvic, Hamdard, Coca Cola, Rasna, Assis, Prigat, Primor, and Suntory.
Market Taxonomy
By Nature
Regular
Blended
By Product Type
Added Sugar
Non-Added Sugar
By Base Type
Berry
Citrus Fruit
Tropic And Exotic Fruits
Mixed Fruits
Others
By Distribution Channel
Online
Offline
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Key Question Addressed by the Report
What are the Key Opportunities in Global Squash Drink Market?
What will be the growth rate from 2022 to 2027.
Which segment/region will have highest growth?
What are the factors that will impact/drive the Market?
What is the role of key players in the value chain?
What is the competitive Landscape in the industry?
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook