Non-Alcoholic Concentrated Syrup Market Is Expected to Reach Us$ 29.3 Bn by 2023: Credence Research

According to a new market report published by Credence Research “Non-Alcoholic Concentrated Syrup Market - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023,” the Non-Alcoholic Concentrated Syrup Market has been estimated to be valued at US$ 19.1 Bn by the end of 2016, and is expected to reach US$ 29.3 Bn by 2023, expanding at a CAGR of 6.3% from 2016 to 2023.

Browse the full Non-Alcoholic Concentrated Syrup Market by Product Ingredient Type, Distribution Channel and Geography - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/non-alcoholic-concentrated-syrup-market

Market Insights

Non-alcoholic concentrated syrup also 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 parts water. Over the past few years, the consumption of flavored thick syrups has showcased an upliftment all across the globe. The usage of fruits by industry in order to prepare squash will not only decrease wastage of fruits as well as also add nutrition and sweetness to the drink.

Change in lifestyle and rapid urbanization along with increasing popularity and significant demand for ready-to-serve drinks has strengthened the growth of global non-alcoholic concentrated syrup market over the past few years. Apart from this, changing consumer preferences from carbonated to soft and healthy drinks is anticipated to fuel the growth of non-alcoholic concentrated syrup market over the forecast period. The squashes market has substantial opportunities in soft drink segment due to increasing demand in different industry such as hotels, airport and others. Changing consumer needs and introduction of...