Non-Alcoholic Concentrated Syrup Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Global Non-Alcoholic Concentrated Syrup Market is Segmented by Type (Fruit Squashes, Vegetable Squashes, and Other Types), by Sales Channel (Off-trade and On-trade), and by Geography.

Non-Alcoholic Concentrated Syrup Market Size

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non - alcoholic concentrated syrup (squash) market  summary
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

Non-alcoholic Concentrated Syrup Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 Market Trends

This section covers the major market trends shaping the Non-Alcoholic Concentrated Syrup Market according to our research experts:

Rising Demand for Fruit-based Drinks

The demand for fruit-based drinks has witnessed a steady growth, owing to the rising importance of leading a healthy lifestyle. Also, changing lifestyles and altered eating patterns of the consumers have resulted in an increased intake of affordable, healthy, and quick sources of nutrition, like fruit-based drinks, thereby catalyzing the growth of the market. Moreover, with the auxiliary demand from the beverage industry, due to the increased consumption of convenience products, including on-the-go beverages, and the rising demand for natural foods, along with health and nutritional concerns with respect to processed products, the RTE fruit-based drinks market is estimated to experience a significant hike in the forecast period.

Non - Alcoholic Concentrated Syrup (Squash) Market1

Asia-Pacific is the Fastest Growing Market

Asia-Pacific is the fastest-growing market for non-alcoholic concentrated syrup, where countries, such as China, Indonesia, and India, account for the largest share. The regional market has potential growth opportunities for new segments, such as convenience food, as the developing countries in the region are adopting western culture and lifestyle. Moreover, increasing consumer disposable income levels will contribute to the demand. Also, with the increasing internet penetration, the online market for the purchase of food items, including non-alcoholic concentrated syrups, has experienced rapid growth, globally, in the last three to four years. This category has attracted a few vertical specialists, like Amazon, Walmart, and Carrefour, who are riding on the increasing e-retailing growth and vying for a significant share in the online non-alcoholic concentrated syrup market.

Non-Alcoholic Concentrated Syrup Market2

Non-Alcoholic Concentrated Syrup Industry Overview

The global market for non-alcoholic concentrated syrups is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given to the mergers, expansions, acquisitions, and partnerships of the companies, along with new product developments, as strategic approaches adopted by the leading companies to boost their brand presence among consumers.

Non-Alcoholic Concentrated Syrup Market Leaders

  1. Unilever

  2. Pioma Industries Pvt. Ltd (Rasna)

  3. Britvic PLC

  4. Tru Blu Beverages

  5. Golden Circle Ltd.

*Disclaimer: Major Players sorted in no particular order

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Non-Alcoholic Concentrated Syrup Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Fruit Squashes
    • 5.1.2 Vegetable Squashes
    • 5.1.3 Other Types
  • 5.2 By Sales Channel
    • 5.2.1 Off-trade
    • 5.2.2 On-trade
  • 5.3 Geography
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
    • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Spain
    • 5.3.2.2 United Kingdom
    • 5.3.2.3 Germany
    • 5.3.2.4 France
    • 5.3.2.5 Italy
    • 5.3.2.6 Russia
    • 5.3.2.7 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 Japan
    • 5.3.3.3 India
    • 5.3.3.4 Australia
    • 5.3.3.5 Rest of Asia-Pacific
    • 5.3.4 Rest of the World
    • 5.3.4.1 South America
    • 5.3.4.2 Middle East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Active Companies
  • 6.2 Most Adopted Strategies
  • 6.3 Market Position Analysis
  • 6.4 Company Profiles
    • 6.4.1 Unilever Ltd
    • 6.4.2 Pioma Industries Pvt. Ltd (Rasna)
    • 6.4.3 Britvic PLC
    • 6.4.4 Tru Blu Beverages
    • 6.4.5 Golden Circle Ltd
    • 6.4.6 Bickford's Australia Pvt. Ltd
    • 6.4.7 Suntory Holdings Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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

By Type Fruit Squashes
Vegetable Squashes
Other Types
By Sales Channel Off-trade
On-trade
Geography North America United States
Canada
Mexico
Rest of North America
Geography Europe Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Geography Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
Geography Rest of the World South America
Middle East & Africa
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Non-Alcoholic Concentrated Syrup Market Research FAQs

The Non-alcoholic Concentrated Syrup Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)

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.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Non-alcoholic Concentrated Syrup Market.

The report covers the Non-alcoholic Concentrated Syrup Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Non-alcoholic Concentrated Syrup Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Non Alcoholic Concentrated Syrup Industry Report

Statistics for the 2024 Non Alcoholic Concentrated Syrup market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Non Alcoholic Concentrated Syrup analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Non-Alcoholic Concentrated Syrup Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)