The global non-alcoholic concentrated syrup market size is expected to reach USD 40.16 billion by 2030, registering a CAGR of 5.2% from 2024 to 2030. Moreover, rising consumption of non-carbonated drinks in developed countries including U.S., Mexico, and Canada is expected to boost the product demand further.
Wide product usage in the pharmaceutical industry is also expected to provide new growth opportunities for market participants, thereby impelling them to develop new products. For instance, Torani, in 2019, launched pumpkin spice Puremade Syrup in San Francisco. In addition, key companies are acquiring new segments of the market with their premium products, including concentrated syrups of unique flavors and authentic taste for nutritional benefits.
North America non-alcoholic concentrated syrup market held the largest market revenue share of 34.2% in 2023 due to high production of fruit and vegetable syrups in the U.S. However, Asia Pacific is projected to witness the fastest growth rate over the forecast years. This growth is credited to increased product demand and presence of target population in countries including, India, China, and Bangladesh. Moreover, high demand for convenience foods and beverages will contribute to the growth.
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Wide product usage in the pharmaceutical industry is also expected to provide new growth opportunities for market participants, thereby impelling them to develop new products. For instance, Torani, in 2019, launched pumpkin spice Puremade Syrup in San Francisco. In addition, key companies are acquiring new segments of the market with their premium products, including concentrated syrups of unique flavors and authentic taste for nutritional benefits.
North America non-alcoholic concentrated syrup market held the largest market revenue share of 34.2% in 2023 due to high production of fruit and vegetable syrups in the U.S. However, Asia Pacific is projected to witness the fastest growth rate over the forecast years. This growth is credited to increased product demand and presence of target population in countries including, India, China, and Bangladesh. Moreover, high demand for convenience foods and beverages will contribute to the growth.
Non-Alcoholic Concentrated Syrup Market Report Highlights
- Fruit syrup was the dominant product segment in 2023 and will retain its dominant position throughout the forecast years
- Hypermarkets & supermarkets segment held the largest market revenue share in 2023. These large retail outlets offer a broad range of products, providing consumers with a one-stop shopping experience that is highly convenient.
- North America led the global non-alcoholic concentrated syrup market in the past and this trend is projected to continue over the next few years due to high product demand
The leading players in the Non-Alcoholic Concentrated Syrup market include:
- Rasna Private Limited
- Britvic plc.
- NICHOLAS PLC
- SUNTORY HOLDINGS LIMITED.
- Unilever PLC
- MONIN INCORPORATED.
- Grapette International
- Bickford’s Australia
- Torani
- Amoretti
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Non-Alcoholic Concentrated Syrup Market Variables, Trends, & Scope
Chapter 4. Consumer Behavior Analysis
Chapter 5. Non-Alcoholic Concentrated Syrup Market: Product Estimates & Trend Analysis
Chapter 6. Non-Alcoholic Concentrated Syrup Market: Distribution Channel Estimates & Trend Analysis
Chapter 7. Non-Alcoholic Concentrated Syrup Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Landscape
Companies Mentioned
The leading players in the Non-Alcoholic Concentrated Syrup market include:- Rasna Private Limited
- Britvic plc.
- NICHOLAS PLC
- SUNTORY HOLDINGS LIMITED.
- Unilever PLC
- MONIN INCORPORATED.
- Grapette International
- Bickford’s Australia
- Torani
- Amoretti
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | September 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 28.33 Billion |
| Forecasted Market Value ( USD | $ 40.16 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
