The Middle East and Africa Non-Alcoholic Concentrated Syrup Market is expected to be worth USD 2.03 billion in 2024 and to achieve USD 2.60 billion by 2029 to grow at a CAGR of 5% from period 2024 to 2029.
Non-alcoholic concentrated syrup, popularly known as squash, is a ready-to-serve type of drink that includes 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 water. The syrup is driven by a few major factors, such as the 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.
This research report on the Middle East And Africa Non-Alcoholic Concentrated Syrup Market is segmented and sub- segmented into following categories.
Middle East and Africa Non-Alcoholic Concentrated Syrup Market – By Type:
Middle East and Africa Non-Alcoholic Concentrated Syrup Market – By Distribution Channel:
Middle East and Africa Non-Alcoholic Concentrated Syrup Market – By Region:
Consumption of these drinks is growing at a fast rate in the developing countries of the Middle East and Africa. Numerous small and big enterprises are operating to serve such niche markets. The growth opportunity is evident in the developing regions due to the high population in these countries. This provides the basis for many big food processing companies to enter such a huge market.
KEY MARKET PLAYERS:
Key Market Players of MEA Non-Alcoholic 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, Assis Pvt Ltd.
FAQ's
Factors driving market growth may include increasing consumer demand for non-alcoholic beverages, rising health consciousness leading to the preference for natural and low-sugar options, and the growing popularity of homemade or artisanal drinks.
Non-alcoholic concentrated syrups can come in various flavors, including fruit flavors (e.g., lemon, orange, raspberry), floral flavors (e.g., rose, jasmine), and traditional flavors (e.g., mint, grenadine). Understanding the range of available flavors can help assess consumer preferences.
Challenges may include regulatory hurdles, competition from other beverage categories, logistical constraints, and consumer perception of syrup-based beverages as unhealthy or artificial.
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