“Non-Alcoholic Squash Market: Global Demand Analysis & Opportunity Outlook 2023”
The global non-alcoholic squash market is segmented into ingredient type such as fruit squashes, vegetable squashes, herbs & spices squash and others. Among these segments, non-alcoholic fruit squash segment is expected to occupy the top position in non-alcoholic squash market. Wide range of products in fruit squash is believed to trigger the growth of the non-alcoholic fruit squash market. Moreover, herbs & spices non-alcoholic segments are anticipated to witness highest CAGR during the forecast period. This growth can be attributed to increasing awareness about the benefits of herbs & spices.
Global non-alcoholic squash market is expected to flourish at a significant CAGR of 6.5% over the forecast period. Factors such as rising popularity of ready to serve drinks, changing lifestyle and increasing preference for healthy drinks over carbonated drinks are anticipated to foster the growth of the global non-alcoholic squash market. Moreover, the global non-alcoholic squash market is expected to garner noteworthy revenue by the end of 2021.
Asia Pacific is slated to account for a leading share in overall non-alcoholic squash market during the forecast period. Further, the market is expected to continue its dominance over the forecast period. Presence of large number of non-alcoholic squash manufacturers in the region is envisioned to bolster the growth of the Asia Pacific non-alcoholic squash market. North America is expected to witness substantial growth over the forecast period. U.S. is the prominent market in the region.
Rapid Urbanization and Changing Lifestyle
Rapid urbanization coupled with changing lifestyle is increasing the demand for healthy ready to serve squash drinks. Moreover, presence of natural ingredients and availability of non-alcoholic squash in several flavours is anticipated to propel the demand for global non-alcoholic squash market during the forecast period.
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Wide Range of Squash Product Lines
Availability of wide range of non-alcoholic squash is attracting more customers and propelling the growth of the market. Apart from this, development and introduction of non- alcoholic squash with new taste is expected to foster the growth of the global non-alcoholic squash market.
Although, availability of alternatives such as soft drinks and presence of high level of sugar in the squash are some of the factors which are likely to dampen the growth of the global non-alcoholic squash market.
The report titled “Non-Alcoholic Squash Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global non-alcoholic squash market in terms of market segmentation by ingredient type, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global non-alcoholic squash market which includes company profiling of Bickford’s Australia Pvt. Ltd., Britvic Plc, The Coca-Cola Company, Golden Circle Ltd., Humdard Wellness, Nichols Plc, RASNA Domestic, Golden Circle Ltd., Jadli Foods Pvt. Ltd. and Koyana Agro Industries Ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global non-alcoholic squash market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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