Britvic Plc, Tovali Limited, Bickford's Australia Pvt. Ltd., Rasna Pvt Limited, Sainsbury's Group, and Nichols Plc, among others, are the major players in the global cordial drink market.
The global cordial drink market attained a value of about USD 950 million in 2020. The industry is further expected to grow at a CAGR of about 4% in the forecast period of 2021-2026 to reach a value of around USD 1.2 billion by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by the increasing consumption of nutrition-rich beverages worldwide.
The market is being positively driven by the wide availability of flavours and aromas of cordial drink, the increasing number of retail outlets, and the development of infrastructure and storage facilities in developing countries. Furthermore, the growing consumption of low-cost, healthy, convenient beverages and traditional cordials in Europe are aiding the market growth. The escalating use of the product in the food and beverage industry, coupled with the shift in consumer preference from carbonated and alcoholic beverages, is fuelling the cordial drink market.
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The major players in the global cordial drink market include Britvic Plc and Tovali Limited. In March 2020, Britvic Plc's owned Robinsons launched a new sub-brand, Superfruit Cordials, in two new flavours, orange and acerola cherry, and raspberry and goji berry. The products offered under the brand are available in 500 ml bottles and are free from artificial colours and flavourings. The company added a new festive flavour in November 2020, Robinsons Crushed Apple and Cinnamon Cordial, to drive the sales of cordial drinks during the holiday season. Tovali Limited offers 1-litre squash and cordials in various flavours such as blackcurrant, lime and others in sugar and sugar-free forms. The aforementioned developments in the industry are expected to boost market growth over the forecast period.
Headquarters: Hemel Hempstead, United Kingdom
Britvic Plc is a British manufacturer of soft drinks. The company is the leader in soft drinks and the second-largest supplier of branded carbonated drinks in Great Britain. It owns a range of brands in Great Britain, France, Ireland, Brazil, and other markets, such as MiWadi, Ballygowan, Teisseire, Pressade, Maguary, Dafruta, and Bela Ischia. Britvic Plc exports its products in over 50 countries with a portfolio of 30 brands and generated annual revenue of about EUR 1412.4 million in 2020.
Headquarters: Carmarthenshire, United Kingdom
Tovali Limited is a UK-based manufacturer and distributor of soft drinks, fruit drinks and bottles' Own Label' dilutable drinks for major national food and beverage companies. The company is an active player in the public and private sector and provides squash, cordials, fruit drinks and dilutables in various flavours and sizes. Tovali Limited filters, labels, packages and distributes its drinks worldwide.
Headquarters: Salisbury, Australia
Bickford's Australia Pvt. Ltd. is an Australian company engaged in manufacturing beverages like soft drinks, cordials, juices, iced coffee, syrup, and sparkling water products in various flavours. The company has a 7-line production system and a PET packaging and filling plant in Adelaide to meet global demand. The products are sold in containers ranging from 170 ml to 5 litres. Further, the company employs about 200 people in Australia.
Headquarters: Ahmedabad, India
Rasna Pvt Limited is an Indian soft drink company and one of the largest manufacturers of instant drinks. The company manufacturers and distributes various flavours of instant drink, honey, jam, custard powder, drinking chocolate, and related products. It operates in over 53 countries and has over 1.6 million outlets in key locations in India. Rasna Pvt Limited has manufacturing facilities in 9 cities in India and provides bulk and retail customers products in various sizes.
Headquarters: London, United Kingdom
Sainsbury's Group is a UK-based chain of supermarkets and the second-largest chain in the United Kingdom. The company owns Sainsbury's groceries, Argos, Tu, Sainsbury's Home, Sainsbury's Bank and Habitat brands under it. It has over 1400 stores and provides online retail services to drive strong and sustainable growth to the business and generated EUR 356 million in 2020.
Headquarters: Merseyside, United Kingdom
Nichols Plc is a British international company engaged in the production of carbonated, cordial, still and frozen products in various flavours globally. The company is renowned for its brand Vimto, a fruit flavoured cordial, and other brands such as Levi Roots, Feel Good, Sunkist, Starslush, Icee and Fryst, among others. Nichols Plc generated EUR 118.7 million in 2020 by operating in over 73 countries through exports and local production.
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