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The cordial drink market share is expected to increase to USD 231.9 million from 2021 to 2026, at a CAGR of 4.5%.
This cordial drink market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cordial drink market segmentation by packaging (PET bottles, glass bottles, aluminum cans, and others) and geography (Europe, North America, APAC, South America, and Middle East and Africa). The cordial drink market report also offers information on several market vendors, including Asahi Beverages, Belvoir Farm, Bickfords Australia Pty. Ltd., Britvic Plc, CO RO AS, Fraser and Neave Holdings Bhd, Hindustan Unilever Ltd., Mapro Food Pvt. Ltd., Monin India Pvt Ltd, Naam Som LLC, Nichols plc, norfolkcordial, Orange Crush (M) Sdn. Bhd., RASNA PRIVATE LTD., Red Horse Fruit Juice Manufacturers Sdn. Bhd., Sainsburys Group, Suntory Holdings Ltd., The Coca Cola Co., The Urban Cordial Co. Ltd., and Tovali Ltd. among others.
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The consumer preference for cordials over alcoholic and carbonated beverages is notably driving the cordial drink market growth, although factors such as the low consumer demand for sweetened cordials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cordial drink industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Cordial Drink Market Driver
Key Cordial Drink Market Trend
Key Cordial Drink Market Challenge
This cordial drink market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global cordial drink market as a part of the global packaged foods and meats under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cordial drink market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the cordial drink market encompasses successful business strategies deployed by the key vendors. The cordial drink market is fragmented and the vendors are deploying growth strategies such as forming strategic partnerships to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The cordial drink market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the cordial drink market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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33% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for cordial drinks in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Europe is another region showing major market growth. In 2021, Europe was the largest contributor to the growth of the global cordial drink market. The growth can be attributed to the consumer demand for non-alcoholic and non-carbonated beverages, including cordials, and the presence of prominent vendors offering cordials in the regional market. This will facilitate the cordial drink market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic had a negative impact on the regional cordial drink market. Governments in various countries such as the UK, Germany, France, and the Netherlands imposed stringent COVID-19-related restrictions. However, in 2021, due to the availability of vaccines, there was a reduction in the number of COVID-19 cases in the region, which led to the easing of restrictions. The regional beverage industry has emerged from the negative impact of the pandemic. The demand for cordial drinks in the region has rebounded as retail outlets such as supermarkets, hypermarkets, and grocery stores have reopened. These factors have propelled the growth of the regional cordial drink market.
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The cordial drink market share growth by the PET bottles segment will be significant during the forecast period. The global beverage industry is the largest end-user of PET bottles. The PET bottles segment in the global cordial drink market is expected to grow during the forecast period, driven by the rising consumption of beverages, including cordials, the increasing demand for premium beverage products, and the growing need for convenient packaging.
This report provides an accurate prediction of the contribution of all the segments to the growth of the cordial drink market size and actionable market insights on post COVID-19 impact on each segment.
Cordial Drink Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 4.5% |
Market growth 2022-2026 |
$ 231.9 million |
Market structure |
Fragmented |
YoY growth (%) |
4.92 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 33% |
Key consumer countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Asahi Beverages, Belvoir Farm, Bickfords Australia Pty. Ltd., Britvic Plc, CO RO AS, Fraser and Neave Holdings Bhd, Hindustan Unilever Ltd., Mapro Food Pvt. Ltd., Monin India Pvt Ltd, Naam Som LLC, Nichols plc, norfolkcordial, Orange Crush (M) Sdn. Bhd., RASNA PRIVATE LTD., Red Horse Fruit Juice Manufacturers Sdn. Bhd., Sainsburys Group, Suntory Holdings Ltd., The Coca Cola Co., The Urban Cordial Co. Ltd., and Tovali Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Packaging
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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