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Latin America Non-Alcoholic Concentrated Syrup Market By Type (Fruit Squash, Vegetable Squash, Herbs & Spices Squash And Others), Distribution Channel (Specialty Stores, Online Stores, Super Markets/ Hyper Markets, Convenience Store, Departmental Stores And Others) And Region -Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027

Published: March, 2023
ID: 6384
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Non-Alcoholic Concentrated Syrup Market Size, Share, Growth (2022-2027)

Latin America market was valued at USD 3.05 billion in 2021 and is expected to reach USD 4.23 billion by 2027  to grow at 6.76% CAGR from 2022 to 2027

Latin America Non-Alcoholic Concentrated Syrup Market Overview

Non-alcoholic concentrated syrup popularly known as squash are ready-to-serve types of drink 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 consumers, 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. The 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.

Segmentation

 on the basis of

  • Type

  • Distribution Channel

On the basis of Type

  • Fruit Squash

  • Vegetable Squash

  • Herbs & Spices Squash

On the basis of the Distribution Channel,

  • Specialty Stores,

  • Online Stores,

  • Super Markets/ Hyper Markets,

  • Convenience Store,

  • Departmental Stores

Latin America Non-Alcoholic Concentrated Syrup Market Regional Analysis

  • Argentina

  • Brazil

  • Mexico

Consumption of these drinks is growing at a fast rate in the developing countries of Latin America. Numerous small and big enterprises are operating to serve such niche markets. The growth opportunity is evident in the developing regions such as Mexico and Argentina due to the high population in these countries. This provides the basis for many big food processing companies to enter such a huge market.

Keyplayers

  1. Pioma Industries Pvt. Ltd

  2. Britvic plc

  3. Humdard Laboratory

  4. P&N Beverages Pvt. Ltd

  5. Golden Circle Ltd.

  6. Unilever Ltd

  7. Prigat Pvt Ltd Nichols plc

  8. Suntory Holdings Limited

  9. Coca-Cola Company

  10. COTTEE’S Pvt. Ltd

  11. Bickford's Australia Pvt. Ltd

  12. Assis Pvt Ltd

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