Market Size of Non-alcoholic Concentrated Syrup Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Non-Alcoholic Concentrated Syrup Market Analysis
The global non-alcoholic concentrated syrup market is expected to register a CAGR of 5.8% during the forecast period (2020-2025).
- The market is mainly driven by the rising demand for non-carbonated drinks in the developed countries and increasing consumption of fruits and vegetable juices, owing to the rising awareness regarding the functional properties of such juices, which are preferred by health-conscious consumers.
- Also, the frequent launch of new flavored products with enhanced nutritional content, mostly by the leading players, further boosts the market growth. For instance, Swoon LLC, in 2019, launched a zero sugar liquid simple syrup, especially for consumers suffering from diabetes and health-conscious consumers. Also, in the same year, Torani launched a new pure made line of syrups and sauces range comprising 16 flavor variants, including Pumpkin Spice, Green Apple, Passionfruit, White Peach, and Maple in San Francisco.
- However, a factor restraining the market includes the increasing demand for water enhancers and carbonated drinks.
Non-Alcoholic Concentrated Syrup Industry Segmentation
The global non-alcoholic concentrated syrup market has been segmented by type into fruit squashes, vegetable squashes, and other types. Based on the sales channel, the market is divided into on-trade and off-trade. The study also provides an analysis in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, and Rest of the World
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| Fruit Squashes | |
| Vegetable Squashes | |
| Other Types |
| By Sales Channel | |
| Off-trade | |
| On-trade |
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Non-alcoholic Concentrated Syrup Market Size Summary
The non-alcoholic concentrated syrup market is experiencing robust growth, driven by the increasing demand for non-carbonated beverages and a rising preference for fruit and vegetable juices among health-conscious consumers. This trend is supported by the frequent introduction of new flavored products with enhanced nutritional content by leading industry players. Companies like Swoon LLC and Torani have been at the forefront, launching innovative products catering to specific consumer needs, such as sugar-free options for diabetics. However, the market faces challenges from the growing popularity of water enhancers and carbonated drinks, which could potentially restrain its expansion.
Regionally, Asia-Pacific stands out as the fastest-growing market, with countries like China, Indonesia, and India leading the charge. The adoption of Western lifestyles and increased disposable incomes in these regions are contributing to the market's expansion. The rise of e-retailing, driven by increased internet penetration, has further bolstered the market, with major players like Amazon and Walmart capitalizing on this trend. The global market remains fragmented, with numerous regional and domestic players, and companies are focusing on strategic mergers, acquisitions, and partnerships to enhance their market presence.
Non-alcoholic Concentrated Syrup Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Fruit Squashes
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2.1.2 Vegetable Squashes
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2.1.3 Other Types
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2.2 By Sales Channel
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2.2.1 Off-trade
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2.2.2 On-trade
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 Spain
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2.3.2.2 United Kingdom
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2.3.2.3 Germany
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 South America
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2.3.4.2 Middle East & Africa
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Non-alcoholic Concentrated Syrup Market Size FAQs
What is the current Non-alcoholic Concentrated Syrup Market size?
The Non-alcoholic Concentrated Syrup Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Non-alcoholic Concentrated Syrup Market?
Unilever, Pioma Industries Pvt. Ltd (Rasna), Britvic PLC, Tru Blu Beverages and Golden Circle Ltd. are the major companies operating in the Non-alcoholic Concentrated Syrup Market.
