PUBLISHER: SkyQuest | PRODUCT CODE: 1677908
PUBLISHER: SkyQuest | PRODUCT CODE: 1677908
Global Cordial Drink Market size was valued at USD 1.15 billion in 2023 and is poised to grow from USD 1.21 billion in 2024 to USD 1.81 billion by 2032, growing at a CAGR of 5.2% during the forecast period (2025-2032).
Recent data from the World Health Organization highlights that alcohol remains the leading global cause of death, accounting for 5.1% of the disease burden worldwide. This alarming trend is often associated with various physical, mental, and behavioral health issues, including infectious diseases like tuberculosis. In response, there has been a significant rise in demand for non-alcoholic beverages as consumers increasingly seek to reduce alcohol consumption. This shift paves the way for products such as cordial beverages, including sweet squash drinks, which serve as appealing alternatives to alcoholic spirits. These drinks are safe for all occasions, contain no intoxicating substances, and are becoming popular among health-conscious consumers looking for enjoyable, guilt-free refreshment options.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Cordial Drink market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Cordial Drink Market Segments Analysis
Global Cordial Drink Market is segmented by Flavor, Source, Sweetener Type, Packaging Type, Distribution Channel and region. Based on Flavor, the market is segmented into Fruit Flavored, Floral Flavored, Spice Flavored and Herbal Flavored. Based on Source, the market is segmented into Natural and Artificial. Based on Sweetener Type, the market is segmented into Sugar, High-Fructose Corn Syrup, Artificial Sweeteners and Natural Sweeteners. Based on Packaging Type, the market is segmented into Bottled, Canned and Pouches. Based on Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Convenience Stores, Online Retailers and Food Service Establishments. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Cordial Drink Market
The global cordial drink market is experiencing significant growth, fueled by a rising consumer preference for flavorful, non-alcoholic beverages that are easy to enjoy. Typical formulations incorporate a mix of vegetable extracts, fruit juices, herbs, spices, sugar substitutes, and water, enhancing their appeal. The trend towards innovative, alcohol-free fruit-based and non-carbonated drinks is gaining momentum, particularly as more individuals recognize the health risks associated with alcohol consumption, including potential cancer links. This shift is further supported by the increasing availability of cordials in cafes, restaurants, and hotels, as well as a demand for clean label products that are free from sugar and preservatives.
Restraints in the Global Cordial Drink Market
The Global Cordial Drink market is facing several restraints that hinder its growth. A significant factor is the rising sugar content in various food products, which negatively impacts consumer preferences. Additionally, the plethora of alternatives available, such as ready-to-drink juices and other soft drinks, presents stiff competition for cordials. Furthermore, the increasing prevalence of lifestyle-related health issues, including obesity and diabetes, has led consumers to avoid highly sweetened beverages. Lastly, the environmental concerns associated with plastic bottle production raise sustainability issues, further contributing to a decline in the cordial market's appeal as consumers seek more eco-friendly options.
Market Trends of the Global Cordial Drink Market
The Global Cordial Drink market is witnessing a significant shift towards clean-labeled products, reflecting a growing consumer preference for transparency and health-conscious choices. As awareness of the adverse environmental effects linked to synthetic ingredients rises, brands are adapting by formulating cordials that prioritize natural and organic components, including authentic fruit and vegetable extracts. This trend not only caters to the demand for healthier alternatives but also aligns with sustainability initiatives. Consequently, the market is poised for growth, driven by rising consumer interest in clean labeling as a hallmark of quality, authenticity, and eco-friendliness in the beverage industry.