Cordial Drink Market by Packaging and Geography - Forecast and Analysis 2022-2026

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.

What will the Cordial Drink Market Size be During the Forecast Period?

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Cordial Drink Market: Key Drivers, Trends, and Challenges

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

• One of the key factors driving the cordial drink market is the consumer preference for cordials over alcoholic and carbonated beverages.
• Alcohol consumption can cause death and disability relatively early in life. As a result, consumers are reducing their alcohol intake, and the consumer demand for non-alcoholic beverages such as cordials has steadily increased across the globe.
• The dip in beer consumption has led to a decline in overall alcohol consumption as beer accounts for a significant share of the total alcoholic beverage industry. 
• A reduction in the consumption of carbonated soft drinks across several countries has been observed owing to the introduction of various regulations, including the Penny-Per-Ounce tax in various parts of the US. 
• Cordials have emerged as an alternative to alcoholic and carbonated beverages as they contain no intoxicating substances and are perceived as safe for consumption. Thus, the consumer preference for cordials over alcoholic and carbonated drinks is likely to boost the growth of the global cordial drink market.

Key Cordial Drink Market Trend

• The consumer demand for clean-labeled cordials is a cordial drink market trend that is expected to have a positive impact in the coming years.
• Clean labeling involves providing information about the ingredients of cordials through the labeling used on the drink. It ensures that the cordial is free from artificial colors, flavors, and ingredients and is made from natural and organic ingredients, including real fruit and vegetable extracts.
• The increasing consumer awareness about the environmental impact caused by synthetic and artificial ingredients used in beverages is leading to the increased adoption of naturally derived cordials. 
• The emerging trend of clean food labeling in the global cordial drink market is similar to that in the global food and beverage industry regarding the regulatory environment and health concerns that demand more comprehensive labeling.
• Consumers are increasingly aware of what they are consuming. Increasing consumer preference for naturally derived ingredients for beverages and the growing trend of clean labeling will contribute to the growth of the global cordial drink market.

Key Cordial Drink Market Challenge

• The low consumer demand for sweetened cordial will be a major challenge for the cordial drink market during the forecast period.
• Vendors producing cordial drinks infuse their cordials with artificial sweeteners.
• The sugar content in the cordials directly enters the bloodstream of the consumers when consumed. Elevated sugar levels can result in detrimental effects and can diminish the quality of life of the consumers.
• As health consciousness and awareness increase among consumers, the uptake of sweetened cordials is likely to decrease during the forecast period. 
• Consumers have been deterred from purchasing highly sweetened cordial drinks due to the increasing prevalence of lifestyle problems and health conditions such as diabetes and obesity.
• For instance, according to the data provided by International Diabetes Federation (IDF), in 2021, approximately 537 million adults in the age group of 20-80 years were living with diabetes globally. These health conditions are linked to a high intake of sugar. Thus, the added sugar in cordials can hamper the growth of the global cordial drink market.

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.

Parent Market Analysis

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.

Who are the Major Cordial Drink Market Vendors?

The report analyzes the market's competitive landscape and 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.
• Tovali Ltd.

 

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.

Product Insights and News

• Bickfords Australia Pty. Ltd - Bickfords Australia Pty. Ltd. is a privately held company headquartered in Australia. It is a regional company generating $23.07 million in revenues and has around 46 employees. Its revenue from the global cordial drink market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• Bickfords Australia Pty. Ltd - The company offers traditional cordial drinks which contain up to 35 percent of fruit juice with no artificial colors, flavors, or sweeteners and can be mixed with soda or still water to drink as mocktails. 

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.

Cordial Drink Market Value Chain Analysis

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.

Which are the Key Regions for Cordial Drink Market?

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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. 

What are the Revenue-generating Packaging Segments in the 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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What are the Key Data Covered in this Cordial Drink Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive cordial drink market growth during the next five years
• Precise estimation of the cordial drink market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cordial drink industry across Europe, North America, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cordial drink market vendors

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