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Asia Pacific Non-Alcoholic Concentrated Syrup Market Research Report - By Type, Distribution Channel And Region(India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest Of APAC) - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2024 to 2029.

Published: March, 2023
ID: 6382
Pages: 145
Formats: report pdf report excel report power bi report ppt

Asia Pacific Non-Alcoholic Concentrated Syrup Market Size (2024 To 2029):

Asia Pacific Non-Alcoholic Concentrated Syrup market is expected to be worth USD 12.14 billion in 2024 and to achieve USD 17.80 billion by 2029, to grow at 7.95% CAGR from 2024 to 2029.

Non-alcoholic concentrated syrup popularly 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-part water.

The syrup is driven by a few major factors such as high demand and popularity of ready-to-serve drinks, changing preferences from carbonated to healthy soft drinks, rapid urbanization, and busy lifestyles, with the changing pace of consumption. However, there are a few factors that are restraining, such as the presence of numerous soft drink alternatives and restricted demand in the niche soft drink market. Squashes/syrup market has good opportunities in the soft drink segment, such as serving these drinks in the catering industry through hotels, railways, and airports.

This research report on the Asia Pacific Non-Alcoholic Concentrated Syrup Market is segmented and sub- segmented into following categories.

Asia Pacific Non-Alcoholic Concentrated Syrup Market – By Type:

  • Fruit Squash
  • Vegetable Squash
  • Herbs & Spices Squash

Asia Pacific Non-Alcoholic Concentrated Syrup Market – By Distribution Channel:

  • Specialty Stores
  • Online Stores
  • Super Markets/ Hyper Markets
  • Convenience Store
  • Departmental Stores

On the basis of Distribution Channel, it is segmented into Specialty Stores, Online Stores, Super Markets/ Hyper Markets, Convenience Store, Departmental Stores and Others.

Asia Pacific Non-Alcoholic Concentrated Syrup Market– By Region:

  • India
  • China
  • South Korea
  • Japan
  • Australia

On the basis of geography, the market is analyzed under various regions namely India, China, South Korea, Japan and Australia. Squashes are identified as Asia-Pacific region’s specialty drink, hence this region is considered as the largest market for squashes and syrups. Other regions are part of the smaller markets for squashes and syrups. Consumption of these drinks is growing at a fast rate in the developing countries of Asia-Pacific. Numerous small and big enterprises are operating to serve such niche markets. The growth opportunity is evident in the developing regions such as China, Pakistan, Indonesia, Bangladesh, South Africa, Kenya, and India; due to the high population in these countries. This provides the basis for many big food processing companies to enter such a huge market. Due to the booming soft drink market, and multiple market distribution channels, the popularity of such non-carbonated drinks is expected to help the market grow at a continuous pace. Product launches, innovative drinks and flavors, and mergers and acquisitions with smaller level players have been strong business strategies for the squash market in these regions.

KEY MARKET PLAYERS:

Key market players of The market Asia Pacific Concentrated Syrup Market are Pioma Industries Pvt. Ltd, Britvic plc, Humdard Laboratory, P&N Beverages Pvt. Ltd, Golden Circle Ltd., Unilever Ltd, Prigat Pvt Ltd Nichols plc, Suntory Holdings Limited, Coca-Cola Company, COTTEE’S Pvt. Ltd, Bickford's Australia Pvt. Ltd, and Assis Pvt Ltd.

 

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FAQ's

1.How are non-alcoholic concentrated syrups different from regular syrups?

Non-alcoholic concentrated syrups are specifically formulated for dilution with water or soda to create flavored beverages. They are typically more concentrated than regular syrups, requiring only a small amount to flavor a drink.

2.What are the main applications of non-alcoholic concentrated syrups?

Non-alcoholic concentrated syrups are primarily used to flavor beverages, including soft drinks, sparkling water, iced tea, lemonade, and cocktails. They are also used in coffee shops, restaurants, and bars to create specialty drinks and mocktails.

3.What flavors are available in non-alcoholic concentrated syrups?

Non-alcoholic concentrated syrups come in a wide range of flavors, including fruit flavors such as strawberry, lemon, orange, and grape, as well as exotic flavors like mango, passion fruit, and lychee. Additionally, there are also options for herbal, floral, and spice-infused syrups.

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