Non-alcoholic concentrated syrup also known as squash are ready to serve types of drinks that include fruit juice, water, and sugar or sugar substitute. In the undiluted state the syrup is sweet, so it is basically formulated to be mixed primarily with water before drinking. Thus, it can be diluted in any amount to match the taste of consumer, usually at a ratio of part squash to four or five parts water. Over the past few years, the consumption of flavored thick syrups has showcased an upliftment all across the globe. The usage of fruits by industry in order to prepare squash will not only decrease wastage of fruits as well as also add nutrition and sweetness to the drink. The Asia-Pacific market contributed highest in revenue share of global non-alcoholic concentrated syrup market in 2015.
Change in lifestyle and rapid urbanization along with increasing popularity and significant demand for ready-to-serve drinks has strengthened the growth of global non-alcoholic concentrated syrup market over the past few years. Apart from this, changing consumer preferences from carbonated to soft and healthy drinks is anticipated to fuel the growth of non-alcoholic concentrated syrup market over the forecast period. The squashes market has substantial opportunities in soft drink segment due to increasing demand in different industry such as hotels, airport and others. Changing consumer needs and introduction of product variants along with new flavors is also likely to intensify the growth of the market till 2023. On the other hand, availability of various soft drink alternatives may hamper the growth of non-alcoholic concentrated syrup (squash) market during the forecast period. The consumption of non-alcoholic concentrated syrup in future is expected to incline in developing countries of Middle East & Africa, Asia-Pacific and South America due to changing tastes and preferences along with in change in lifestyle.
Non-Alcoholic Concentrated Syrup market has been estimated to be valued at US$ 19.1 Bn by the end of 2016 and is expected to reach US$ 29.3 Mn by 2023, expanding at a CAGR of 6.3% during the forecast period 2016-2023.
Purpose of the Report
The purpose of this strategic research study titled “Global Non-Alcoholic Concentrated Syrup Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global non-alcoholic concentrated syrup market.
Target Audience
- Industry Investors
- Research Professionals
- Emerging Companies
- Raw Material Suppliers/ Buyers
- Product Suppliers/ Buyers
- Research Institutes
USP and Key Offerings
The report titled “Global Non-Alcoholic Concentrated Syrup Market - Growth, Future Prospects, Competitive Analysis and Forecast, 2016 – 2023” offers strategic insights into the global non-alcoholic concentrated syrup market along with the market size and estimates for the duration 2016 to 2023. The said research study covers in-depth analysis of multiple market segments based on types of product ingredients, distribution channel and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading non-alcoholic concentrated syrup vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:
- Current and future market trends to justify the forthcoming attractive markets within non-alcoholic concentrated syrup industry
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2014 – 2015)
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global non-alcoholic concentrated syrup market, of growth, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.
