Europe Non-Alcoholic Concentrated Syrup Market

Europe Non-Alcoholic Concentrated Syrup Market Analysis:

Europe Non-Alcoholic Concentrated Syrup market is anticipated to grow at 7.99% CAGR from 2020 to 2026 and it is estimated that the Europe market was valued at USD 6  billion in 2020 and is expected to reach USD 10 billion by 2026.

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.

Europe Non-Alcoholic Concentrated Syrup Market Drivers:

Increased consumption of still beverages in developed countries, including the UK, Germany, Spain, and France, is expected to increase demand for Non-Alcoholic Concentrated Syrup products over the forecast period. Increased consumption of fruit and vegetable juices will increase the demand for the European Non-Alcoholic Concentrated Syrup market. In addition, the appearance of new flavors and products with an improved protein and mineral content will have a positive impact on the growth of the European Non-Alcoholic Concentrated Syrup market. Additionally, the growing demand for non-alcoholic beverages that are easy to store and serve is expected to increase demand for the European Non-Alcoholic Concentrated Syrup product in the future. A recent trend observed in Europe's Non-Alcoholic Concentrated Syrup markets is that this syrup can be purchased online at competitive prices. Among e-commerce channels, the continued trend of buying food and beverages has a positive impact on the growth of the European Non-Alcoholic Concentrated Syrup market. With an increased awareness of the functional properties of juices favored by health-conscious consumers, the market is largely driven by the growing demand for carbonate-free beverages in developed countries and the increased consumption of fruit and vegetable juices. Increasing consumption of ready-to-drink beverages is one of the key factors expected to drive the European market for non-alcoholic concentrated syrups. In addition, the concentrated syrup is rich in various minerals and vitamins that are beneficial to health and are expected to support sales growth in the European Non-Alcoholic Concentrated Syrup market. Additionally, the easy availability of these syrups in a variety of flavors, flavors, and pack sizes plays an important role in the growth of the European Non-Alcoholic Concentrated Syrup market. The European market for non-alcoholic concentrated syrup is expected to grow during the forecast period as demand for non-alcoholic concentrated syrup increases in hotels, restaurants, and juice centers. With an increasing awareness of the functional properties of juices favored by health-conscious consumers, the Europe Non-Alcoholic Concentrated Syrup market is largely driven by the growing demand for carbonate-free beverages in developed countries and the increased consumption of fruit juices and vegetables. Increasing consumption of ready-to-serve beverages around the world is expected to boost European market growth for non-alcoholic concentrated syrups over the forecast period. In addition, the concentrated syrup contains minerals and vitamins that are beneficial to the health system, which is expected to stimulate the European Non-Alcoholic Concentrated Syrup market growth. In addition, the growing demand in the pharmaceutical sector to develop alcohol-free syrups for babies and young children will drive the growth of the European Non-Alcoholic Concentrated Syrup market. Fruit syrup has been the dominant product segment and will remain dominant throughout the forecast period. The demand for fruit-based beverages has grown steadily as the importance of leading a healthy lifestyle increases. In addition, changes in the lifestyles and eating habits of consumers have led to increased consumption of affordable, healthy, and fast nutritional sources, such as fruit-based drinks, which has driven the growth of the European Non-Alcoholic Concentrated Syrup market. In addition, increased consumption of convenience products, including mobile beverages, increased demand for natural foods, health and nutritional problems of processed products, driven by complementary demand from the beverage industry, RTE predicts that the Europe Non-Alcoholic Concentrated Syrup market will experience a significant increase during the forecast period. The increasing demand for non-alcoholic concentrated syrup in hotels, restaurants, and juice centers is another factor that is expected to boost the Europe Non-Alcoholic Concentrated Syrup market growth over the forecast period.

Market Restraints:

Factors holding back the Europe Non-Alcoholic Concentrated Syrup market are the growing demand for moisture enhancers and carbonated beverages. The lack of proper authenticity and quality inspection standards for local alcohol-free concentrated syrups and the threat of alternative products are expected to hamper the Europe Non-Alcoholic Concentrated Syrup market growth in the near future. On the other hand, the availability of soft drink alternatives can slow down the growth of the European Non-Alcoholic Concentrated Syrup market

Europe Non-Alcoholic Concentrated Syrup Market Segmentation:

The Europe Non-Alcoholic Concentrated Syrup market is segmented on the basis of Type and Distribution Channel. On the basis of Type, it is segmented into Fruit Squash, Vegetable Squash, Herbs & Spices Squash, and Others. On the basis of Distribution Channel, it is segmented into Specialty Stores, Online Stores, Super Markets/ Hyper Markets, Convenience Store, Departmental Stores and Others.

On the basis of geography, the market is analyzed under various regions namely Germany, Italy, Spain, U.K. and France. Europe accounted for the second largest share of the market. Parts of Europe, like Spain, Germany, UK, and Italy also have a significant consumption rate. Other regions are part of the smaller markets for squashes and syrups. 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.

Impact of COVID 19 on the Europe Non-Alcoholic Concentrated Syrup Market

The coronavirus pandemic has disrupted the European Non-Alcoholic Concentrated Syrup. The impact of the epidemic on the food system, especially in China, has caused a loss of market demand. Social distancing and home maintenance orders are further closing restaurants and food chains, negatively impacting the European Non-Alcoholic Concentrated Syrup market.

Regional Analysis

The European non-alcoholic concentrated syrup market is expected to generate significant revenue in the Non-Alcoholic Concentrated Syrup market due to the high demand for pumpkin from the young population. This is due to the increase in the consumption of drinks that are served immediately among people in the Germany Non-Alcoholic Concentrated Syrup region. Furthermore, the availability of these drinks at discounted prices in the online market is another factor that is expected to drive the growth of the UK Non-Alcoholic Concentrated Syrup market. Additionally, high disposable income and changing consumer spending patterns are expected to support income growth in Spain's Non-Alcoholic Concentrated Syrup markets. In addition to this, the shift in consumer preferences to healthy beverages is expected to boost the France non-alcoholic concentrated syrup market during the forecast period.

Europe Non-Alcoholic Concentrated Syrup Market Key Players:

The market is dominated by companies like 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.