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Global Cordial Drink Market to Reach USD 1.2 Billion by 2026, Aided by the Rising Adoption of the Drink

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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Global Cordial Drink Market: By Flavour: Orange, Apple, Lime/Lemon, Strawberry, Peach, Blackcurrant, Mixed Fruit, Blueberry, Others; By Nature: Organic, Conventional; By Type; By Packaging; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2016-2026); Competitive Landscape; Industry Events and Developments

Global Cordial Drink Market Outlook

The global cordial drink market reached a value of about USD 950 million in 2020. The industry is further expected to increase at a CAGR of about 4% between 2021 and 2026 to reach a value of about USD 1.2 billion by 2026.

 

Cordial Drink Market

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Rising Demand from Europe to Bolster the Cordial Drink Market Growth

Europe is expected to account for a significant share in the global market for cordial drinks. The rapidly rising consumption of healthy drinks in the region is driving the growth of the industry in Europe. Europe is one of the most dominant regions for cordial drinks, both in terms of consumption and production. European consumers, in contrast to consumers from the United States and Asia, also highly prefer cordial drinks, with many traditional beverage recipes featuring cordials. Consequently, there is a large presence of major producers of cordial drinks in the European market.

Due to their increased use in the food and beverage industry, the cordial drink market is expected to gain momentum in its growth globally. The increasing demand for ready-to-serve beverages is also expected to fuel the growth of the cordial drink industry. The shift in the consumers’ preferences from carbonated and alcoholic beverages to organic and nutritionally-rich drinks are also expected to favourably aid the market growth.

 

Global Cordial Drink Market by Packaging Type

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Cordial Drink: Industry Definition and Segmentation

Cordial drink is also widely referred to as squash. It is a condensed liquid that is not alcoholic and used to make drinks. It usually includes berries or other fruits, fruit juices, water, and sugar or a substitute for sugar. Food colouring and additional fragrance can also be present in the modern cordial drink.

Based on flavour, the industry can be segmented as follows:

  • Orange
  • Apple
  • Lime/Lemon
  • Strawberry
  • Peach
  • Blackcurrant
  • Mixed Fruit
  • Blueberry
  • Others

By nature, the product can be bifurcated into organic and conventional. The types of the product can be divided into:

  • Sugar Free
  • Regular

The packaging types in the industry can be segmented as follows:

The major distribution channels for cordial drinks can be divided into:

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Retail
  • Others

The regional markets for cordial drink can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Cordial Drink Market by Region

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Growing Consumption of Nutritionally-Rich Beverages to Aid the Cordial Drink Market Growth

The changes in lifestyles and eating habits have led to a rise in the consumption of inexpensive, nutritious, and convenient beverages, such as cordial drinks, which has catalysed the global cordial drink market growth. In order to increase the customer base, manufacturers have added a wide variety of flavours and aromas to their product portfolios and are producing juices that are free from preservatives and sugar. These are expected to propel their growth within the cordial drink industry.

Previously, because of the absence of infrastructure and storage facilities, many players were hesitant to sell their goods in developing countries. However, with the number of organised retail outlets growing in these regions, many players are now prepared to invest in these markets to boost their cordial drink production. Moreover, millennials are increasingly looking for new taste experiences and are exploring the fresh flavours offered by the cordial drink producers by including them in traditional drinks and new products. These factors are expected to aid the growth of the market in the coming years.

 

Key Industry Players in the Global Cordial Drink Market

The report gives a detailed analysis of the following key players in the global cordial drink market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Britvic Plc
  • Tovali Limited
  • Bickford’s Australia Pvt. Ltd.
  • Rasna Pvt Limited
  • Sainsbury’s Group
  • Nichols Plc
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Cordial Drink Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Cordial Drink Historical Market (2016-2020) 
    8.3    Global Cordial Drink Market Forecast (2021-2026)
    8.4    Global Cordial Drink Market by Flavour
        8.4.1    Orange
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Apple
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Lime/Lemon
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Strawberry
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Peach
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Blackcurrant
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Mixed Fruit
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2016-2020)
            8.4.7.3    Forecast Trend (2021-2026)
        8.4.8    Blueberry
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2016-2020)
            8.4.8.3    Forecast Trend (2021-2026)
        8.4.9    Others
    8.5    Global Cordial Drink Market by Nature
        8.5.1    Organic
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Conventional
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Cordial Drink Market by Type
        8.6.1    Sugar Free
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Regular
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
    8.7    Global Cordial Drink Market by Packaging
        8.7.1    PET Bottles
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Glass Bottles
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Aluminium Cans
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Others
    8.8    Global Cordial Drink Market by Distribution Channel
        8.8.1    Supermarkets/Hypermarkets
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
        8.8.2    Convenience Stores
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
        8.8.3    Online Retail
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2016-2020)
            8.8.3.3    Forecast Trend (2021-2026)
        8.8.4    Others
    8.9    Global Cordial Drink Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Manufacturing Process
    12.1    Overview
    12.2    Detailed Process Flow
    12.3    Operations Involved
13    Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Company Profiles
        13.3.1    Britvic Plc
            13.3.1.1    Company Overview
            13.3.1.2    Product Portfolio
            13.3.1.3    Demographic Reach and Achievements
            13.3.1.4    Certifications
        13.3.2    Tovali Limited
            13.3.2.1    Company Overview
            13.3.2.2    Product Portfolio
            13.3.2.3    Demographic Reach and Achievements
            13.3.2.4    Certifications
        13.3.3    Bickford’s Australia Pvt. Ltd.
            13.3.3.1    Company Overview
            13.3.3.2    Product Portfolio
            13.3.3.3    Demographic Reach and Achievements
            13.3.3.4    Certifications
        13.3.4    Rasna Pvt Limited
            13.3.4.1    Company Overview
            13.3.4.2    Product Portfolio
            13.3.4.3    Demographic Reach and Achievements
            13.3.4.4    Certifications
        13.3.5    Sainsbury’s Group
            13.3.5.1    Company Overview
            13.3.5.2    Product Portfolio
            13.3.5.3    Demographic Reach and Achievements
            13.3.5.4    Certifications
        13.3.6    Nichols Plc
            13.3.6.1    Company Overview
            13.3.6.2    Product Portfolio
            13.3.6.3    Demographic Reach and Achievements
            13.3.6.4    Certifications
        13.3.7    Others
14    Industry Events and Developments

 

List of Figures and Tables

1.    Global Cordial Drink Market: Key Industry Highlights, 2016 and 2026
2.    Global Cordial Drink Historical Market: Breakup by Flavour (USD Billion), 2016-2020
3.    Global Cordial Drink Market Forecast: Breakup by Flavour (USD Billion), 2021-2026
4.    Global Cordial Drink Historical Market: Breakup by Nature (USD Billion), 2016-2020
5.    Global Cordial Drink Market Forecast: Breakup by Nature (USD Billion), 2021-2026
6.    Global Cordial Drink Historical Market: Breakup by Type (USD Billion), 2016-2020
7.    Global Cordial Drink Market Forecast: Breakup by Type (USD Billion), 2021-2026
8.    Global Cordial Drink Historical Market: Breakup by Packaging (USD Billion), 2016-2020
9.    Global Cordial Drink Market Forecast: Breakup by Packaging (USD Billion), 2021-2026
10.    Global Cordial Drink Historical Market: Breakup by Distribution Channel (USD Billion), 2016-2020
11.    Global Cordial Drink Market Forecast: Breakup by Distribution Channel (USD Billion), 2021-2026
12.    Global Cordial Drink Historical Market: Breakup by Region (USD Billion), 2016-2020
13.    Global Cordial Drink Market Forecast: Breakup by Region (USD Billion), 2021-2026
14.    North America Cordial Drink Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    North America Cordial Drink Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Europe Cordial Drink Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Europe Cordial Drink Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Asia Pacific Cordial Drink Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Asia Pacific Cordial Drink Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Latin America Cordial Drink Historical Market: Breakup by Country (USD Billion), 2016-2020
21.    Latin America Cordial Drink Market Forecast: Breakup by Country (USD Billion), 2021-2026
22.    Middle East and Africa Cordial Drink Historical Market: Breakup by Country (USD Billion), 2016-2020
23.    Middle East and Africa Cordial Drink Market Forecast: Breakup by Country (USD Billion), 2021-2026
24.    Global Cordial Drink Market Structure

Key Questions Answered in the Report

What was the global cordial drink market size in 2020?

In 2020, the global cordial drink market attained a value of nearly USD 950 million.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 4% between 2021 and 2026.

What is the forecast outlook of the market for 2021-2026?

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 1.2 billion by 2026.

What are the major industry drivers?

The major drivers of the industry, such as rising disposable incomes, rising consumption of convenient beverages, growing demand for nutritious products, robust marketing campaigns, and rising penetration of the product in the emerging regions, are expected to aid the market growth.

What are the key industry trends of the global cordial drink market?

The key trend guiding the growth of the market includes the rising diversification of flavours and packaging of the product.

What are the major regional markets of cordial drink, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading flavours in the industry?

The leading flavours in the industry are orange, apple, lime/lemon, strawberry, peach, blackcurrant, mixed fruit, and blueberry, among others.

What are the major nature types of cordial drinks?

The major nature types of cordial drinks are organic and conventional.

What are the significant types of the product in the industry?

The significant types of the product in the industry are sugar free and regular.

What are the major packaging types in the industry?

The major packaging types in the industry are PET bottles, glass bottles, and aluminium cans, among others.

What are the leading distribution channels in the market?

The leading distribution channels in the market are supermarkets/hypermarkets, convenience stores, and online retail, among others.

Who are the key industry players, according to the report?

The major players in the industry are Britvic Plc, Tovali Limited, Bickford’s Australia Pvt. Ltd., Rasna Pvt Limited, Sainsbury’s Group, and Nichols Plc, among others.

Analyst Review

The global cordial drink market attained a value of USD 950 million in 2020, driven by rising demand for convenient and nutritious beverages. Aided by the rising product diversifications, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4%. The market is projected to reach USD 1.2 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By flavour, the market is divided into orange, apple, lime/lemon, strawberry, peach, blackcurrant, mixed fruit, and blueberry, among others. Based on nature, the industry is segmented into organic and conventional. On the basis of types, the industry is segmented into sugar free and regular. PET bottles, glass bottles, and aluminium cans, among others, are the leading packaging types in the industry. By distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, and online retail, among others.The major regional markets for cordial drink are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Britvic Plc, Tovali Limited, Bickford’s Australia Pvt. Ltd., Rasna Pvt Limited, Sainsbury’s Group, and Nichols Plc, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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