封面
市場調查報告書
商品編碼
2046919

無酒精濃縮糖漿市場-全球產業規模、佔有率、趨勢、機會、預測:按類型、通路、地區和競爭格局分類,2021-2031年

Non-Alcoholic Concentrated Syrup Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Distribution Channel, By Region & Competition, 2021-2031F

出版日期: | 出版商: TechSci Research | 英文 180 Pages | 商品交期: 2-3個工作天內

價格

We offer 8 hour analyst time for an additional research. Please contact us for the details.

簡介目錄

全球非酒精濃縮糖漿市場預計將從 2025 年的 318.6 億美元成長到 2031 年的 452.2 億美元,複合年成長率達到 6.01%。

這些糖漿是指含有甜味劑、水和調味劑的黏稠液體溶液,用於稀釋飲料。該市場主要由餐飲服務業驅動,與即飲飲料相比,這些濃縮液可顯著降低物流成本並提高庫存效率。此外,家用碳酸水機的日益普及也推動了對各種香料的穩定需求,確保市場成長不受短期消費趨勢的影響。

市場概覽
預測期 2027-2031
市場規模:2025年 318.6億美元
市場規模:2031年 452.2億美元
複合年成長率:2026-2031年 6.01%
成長最快的細分市場 香草香辛料糖漿
最大的市場 北美洲

另一方面,由於政府為遏制肥胖率和徵收糖稅而採取的嚴格監管措施,該行業面臨許多挑戰。這些法律措施迫使製造商進行成本高昂的產品改進,這可能會降低消費者的購買力。儘管存在這些監管挑戰,但整個產業仍保持著強勁的經濟穩定性。根據美國飲料協會預測,到2025年,美國非酒精飲料產業將產生3,240億美元的直接經濟效益,這充分展現了該品類在全球主要市場的雄厚實力。

市場促進因素

專門食品咖啡和咖啡文化的蓬勃發展是市場成長的主要驅動力,企業擴大使用優質糖漿來豐富菜單並提高利潤率。隨著消費者對咖啡的看法從單純的咖啡因攝取轉向“體驗式奢侈品”,這一因素尤其重要,也因此需要各種各樣的風味,從經典的香草到異國情調的植物混合口味。根據美國國家咖啡協會(NCA)於2024年3月發布的《2024年春季全國咖啡數據趨勢報告》,57%的美國成年人在過去一周內飲用過專門食品咖啡飲品,這凸顯了現代飲料行業對這些濃縮風味解決方案的依賴程度。這迫使製造商快速創新,以滿足連鎖店和精品咖啡館的需求。

與此同時,全球對無酒精調飲和無酒精飲料的需求不斷成長,正在改變產品的開發方式,產業正從追求簡單的甜味轉向追求複雜的風味。隨著注重健康的消費者減少酒精攝入,他們正在尋找能夠媲美傳統烈酒醇厚口感的高品質無酒精替代品。根據百加得有限公司於2024年11月發布的《2025年雞尾酒趨勢報告》,美國20%的適齡飲酒消費者和印度29%的適齡飲酒消費者選擇低酒精雞尾酒,這推動了調酒術級糖漿需求的激增。這一轉變也反映在更廣泛的銷售數據中。凱利集團於2024年7月發布的《2024年上半年收益報告》顯示,其口味與營養部門的銷售量成長了3.1%,凸顯了該行業的強勁勢頭。

市場挑戰

嚴格的政府監管和糖稅正立即對全球非酒精濃縮糖漿市場造成財務和營運上的限制。這些法律措施透過人為提高零售價格、降低消費者購買力和減少銷量,直接阻礙了市場成長。當政府對含糖飲料課稅時,額外的成本負擔往往使糖漿在與瓶裝水和機能飲料等免稅替代品的競爭中處於劣勢。因此,製造商面臨利潤率下降和價格敏感地區需求減少的雙重壓力,阻礙了盈利業務的擴張。

此外,遵守法規需要對產品進行昂貴的改進,將原本用於市場擴張的資金轉移到強制性的配方變更上。企業被迫持續投資研發,以在不疏遠習慣特定口味的消費者的前提下降低糖分含量。歐洲軟性飲料協會(UNESDA Soft Drinks Europe)在2024年發布的報告顯示,歐盟27國和英國軟性飲料的平均添加糖含量自2019年以來下降了12.4%。這項顯著降幅凸顯了企業在合規方面投入的大量資源,迫使製造商優先考慮產品系列而非成長策略,從而導致整體市場經濟成長動能放緩。

市場趨勢

隨著製造商將功能性和適應原成分添加到糖漿中,這一趨勢正在改變整個行業。消費者不僅追求口感,更渴望獲得實際的益處,例如提升能量和增強認知能力。透過將維生素、礦物質和植物性適應原直接混合到濃縮液中,品牌為那些希望獲得功能性補水但又不想服用片劑或補充劑的消費者提供了一種便捷的解決方案。 Prinova 於 2024 年 3 月發布的一份消費者趨勢報告顯示,58% 的消費者在購買健康飲品時特別注重能量補充,這凸顯了具有緩解疲勞功效的糖漿的巨大市場潛力。

同時,採用永續和環保的包裝解決方案正成為品牌差異化和合規的關鍵因素。隨著一次性塑膠製品受到越來越多的關注,製造商正轉向使用可生物分解和可回收材料,以符合循環經濟的原則。這項轉變主要源自於消費者對產品包裝環境影響透明度的期望。根據永續包裝聯盟於2024年4月發布的《2024年包裝創新與趨勢報告》,78%的消費者希望包裝上能提供回收資訊。這迫使製造商優先考慮環保標籤和材料,以維持消費者忠誠度。

目錄

第1章概述

第2章:調查方法

第3章執行摘要

第4章:客戶心聲

第5章:全球非酒精濃縮糖漿市場展望

  • 市場規模及預測
    • 按金額
  • 市佔率及預測
    • 按類型(水果糖漿、蔬菜糖漿、香草/香辛料糖漿、其他)
    • 銷售管道(超級市場/大賣場、便利商店、線上、其他)
    • 按地區
    • 按公司(2025 年)
  • 市場地圖

第6章:北美非酒精濃縮糖漿市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 北美洲:國別分析
    • 美國
    • 加拿大
    • 墨西哥

第7章:歐洲無酒精濃縮糖漿市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 歐洲:國別分析
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙

第8章:亞太地區非酒精濃縮糖漿市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 亞太地區:國別分析
    • 中國
    • 印度
    • 日本
    • 韓國
    • 澳洲

第9章:中東和非洲非酒精濃縮糖漿市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 中東與非洲:國別分析
    • 沙烏地阿拉伯
    • 阿拉伯聯合大公國
    • 南非

第10章:南美洲非酒精濃縮糖漿市場展望

  • 市場規模及預測
  • 市佔率及預測
  • 南美洲:國別分析
    • 巴西
    • 哥倫比亞
    • 阿根廷

第11章 市場動態

  • 促進因素
  • 任務

第12章 市場趨勢與發展

  • 併購
  • 產品發布
  • 近期趨勢

第13章:全球非酒精濃縮糖漿市場:SWOT分析

第14章:波特五力分析

  • 產業競爭
  • 新進入者的潛力
  • 供應商的議價能力
  • 顧客權力
  • 替代品的威脅

第15章 競爭格局

  • Pioma Industries Pvt. Ltd.
  • Monin
  • Britvic Plc.
  • Hamdard Laboratory
  • Nichols Plc
  • Hindustan Unilever Ltd.
  • Suntory Holdings Ltd.
  • Cottee's Pvt. Ltd.
  • The Coca-Cola Company
  • Elvin Group

第16章 策略建議

第17章:關於研究公司及免責聲明

簡介目錄
Product Code: 19099

The Global Non-Alcoholic Concentrated Syrup Market is projected to expand from USD 31.86 Billion in 2025 to USD 45.22 Billion by 2031, achieving a CAGR of 6.01%. These syrups are defined as viscous liquid solutions containing sweeteners, water, and flavorings that are intended for dilution into beverages. The market is primarily underpinned by the foodservice sector, where these concentrates offer significant logistical cost savings and improved inventory efficiency compared to ready-to-drink options. Additionally, the growing popularity of domestic carbonation appliances is fueling consistent demand for diverse flavoring agents, ensuring market growth that is independent of fleeting consumer trends.

Market Overview
Forecast Period2027-2031
Market Size 2025USD 31.86 Billion
Market Size 2031USD 45.22 Billion
CAGR 2026-20316.01%
Fastest Growing SegmentHerbs & Spices Syrups
Largest MarketNorth America

Conversely, the industry encounters substantial hurdles due to strict government regulations and sugar taxes designed to combat obesity rates. These legislative actions compel manufacturers to undertake expensive reformulation efforts and can dampen consumer purchasing power. Despite these regulatory difficulties, the broader sector maintains strong economic stability. According to the American Beverage Association, the United States non-alcoholic beverage industry produced a direct economic impact of $324 billion in 2025, demonstrating the category's financial robustness in a major global market.

Market Driver

The expansion of Specialty Coffee and Cafe Culture acts as a primary engine for market volume, with operators increasingly utilizing premium syrups to differentiate their menus and increase margins. This driver is particularly effective as consumers shift from basic caffeine consumption to viewing coffee as an experiential indulgence, necessitating a wide range of flavoring agents from classic vanilla to exotic botanical blends. According to the National Coffee Association's 'Spring 2024 National Coffee Data Trends' report from March 2024, 57% of American adults had consumed a specialty coffee beverage in the past week, highlighting the modern beverage industry's critical reliance on these concentrated flavor solutions and compelling manufacturers to innovate rapidly to meet the needs of both chains and artisanal cafes.

Simultaneously, the rising global demand for mocktails and zero-proof beverages is reshaping product development, pushing the industry toward complex flavor profiles rather than simple sweetness. As health-conscious consumers reduce their alcohol intake, they seek premium non-alcoholic alternatives that replicate the depth and mouthfeel of traditional spirits. Bacardi Limited's 'Cocktail Trends Report 2025', published in November 2024, notes that 20% of legal drinking age consumers in the U.S. and 29% in India are opting for lower-alcohol cocktails, driving a surge in demand for mixology-grade syrups. This shift is evident in broader sales performance; Kerry Group's 'Half Year Results 2024' from July 2024 reported a 3.1% volume growth in its Taste & Nutrition division, demonstrating the sector's resilience.

Market Challenge

Stringent government regulations and sugar taxes impose immediate financial and operational constraints on the global non-alcoholic concentrated syrup market. These legislative measures act as direct barriers to growth by artificially inflating retail prices, which erodes consumer purchasing power and reduces sales volumes. When governments apply taxes to sugar-sweetened beverages, the added cost burden often makes syrups less competitive against non-taxed alternatives such as bottled water or functional drinks. Consequently, manufacturers face the dual pressure of shrinking margins and reduced demand in price-sensitive regions, hindering their ability to scale operations profitably.

Moreover, compliance necessitates expensive product reformulation, diverting capital from market expansion toward mandatory recipe modifications. Companies are forced to continuously invest in research and development to lower sugar content without alienating consumers who are accustomed to specific flavor profiles. UNESDA Soft Drinks Europe reported in 2024 that the soft drinks sector has achieved a 12.4% reduction in average added sugars across the EU-27 and the UK since 2019. This significant reduction highlights the extensive resources absorbed by compliance efforts, forcing manufacturers to prioritize portfolio alteration over growth strategies, thereby slowing the market's overall economic momentum.

Market Trends

The incorporation of Functional and Adaptogenic Ingredients is transforming the sector as manufacturers infuse syrups with active wellness compounds. This trend meets the demand for beverages that deliver tangible benefits, such as enhanced energy or cognitive focus, rather than just flavor. By integrating vitamins, minerals, and botanical adaptogens directly into the concentrate, brands offer a convenient solution for consumers seeking functional hydration without relying on pills or supplements. According to a March 2024 consumer trends report by Prinova, 58% of consumers specifically sought energy benefits when purchasing healthier beverages, highlighting the significant market opportunity for syrups formulated with fatigue-fighting properties.

At the same time, the adoption of Sustainable and Eco-Friendly Packaging Solutions has become a decisive factor for brand differentiation and operational compliance. As scrutiny over single-use plastics increases, producers are transitioning to biodegradable materials and post-consumer recycled content to align with circular economy principles. This shift is heavily influenced by consumer expectations for transparency regarding the environmental impact of product containers. The Sustainable Packaging Coalition's '2024 Packaging Innovation Trends Report' from April 2024 revealed that 78% of consumers look for recyclability information on the package itself, compelling manufacturers to prioritize eco-conscious labeling and materials to maintain consumer loyalty.

Key Market Players

  • Pioma Industries Pvt. Ltd.
  • Monin
  • Britvic Plc.
  • Hamdard Laboratory
  • Nichols Plc
  • Hindustan Unilever Ltd.
  • Suntory Holdings Ltd.
  • Cottee's Pvt. Ltd.
  • The Coca-Cola Company
  • Elvin Group

Report Scope

In this report, the Global Non-Alcoholic Concentrated Syrup Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Non-Alcoholic Concentrated Syrup Market, By Type

  • Fruit Syrups
  • Vegetable Syrups
  • Herbs & Spices Syrups
  • Others

Non-Alcoholic Concentrated Syrup Market, By Distribution Channel

  • Supermarket/Hypermarket
  • Convenience Stores
  • Online
  • Others

Non-Alcoholic Concentrated Syrup Market, By Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • France
    • United Kingdom
    • Italy
    • Germany
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Non-Alcoholic Concentrated Syrup Market.

Available Customizations:

Global Non-Alcoholic Concentrated Syrup Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

  • 1.1. Market Definition
  • 1.2. Scope of the Market
    • 1.2.1. Markets Covered
    • 1.2.2. Years Considered for Study
    • 1.2.3. Key Market Segmentations

2. Research Methodology

  • 2.1. Objective of the Study
  • 2.2. Baseline Methodology
  • 2.3. Key Industry Partners
  • 2.4. Major Association and Secondary Sources
  • 2.5. Forecasting Methodology
  • 2.6. Data Triangulation & Validation
  • 2.7. Assumptions and Limitations

3. Executive Summary

  • 3.1. Overview of the Market
  • 3.2. Overview of Key Market Segmentations
  • 3.3. Overview of Key Market Players
  • 3.4. Overview of Key Regions/Countries
  • 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Non-Alcoholic Concentrated Syrup Market Outlook

  • 5.1. Market Size & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share & Forecast
    • 5.2.1. By Type (Fruit Syrups, Vegetable Syrups, Herbs & Spices Syrups, Others)
    • 5.2.2. By Distribution Channel (Supermarket/Hypermarket, Convenience Stores, Online, Others)
    • 5.2.3. By Region
    • 5.2.4. By Company (2025)
  • 5.3. Market Map

6. North America Non-Alcoholic Concentrated Syrup Market Outlook

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share & Forecast
    • 6.2.1. By Type
    • 6.2.2. By Distribution Channel
    • 6.2.3. By Country
  • 6.3. North America: Country Analysis
    • 6.3.1. United States Non-Alcoholic Concentrated Syrup Market Outlook
      • 6.3.1.1. Market Size & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share & Forecast
        • 6.3.1.2.1. By Type
        • 6.3.1.2.2. By Distribution Channel
    • 6.3.2. Canada Non-Alcoholic Concentrated Syrup Market Outlook
      • 6.3.2.1. Market Size & Forecast
        • 6.3.2.1.1. By Value
      • 6.3.2.2. Market Share & Forecast
        • 6.3.2.2.1. By Type
        • 6.3.2.2.2. By Distribution Channel
    • 6.3.3. Mexico Non-Alcoholic Concentrated Syrup Market Outlook
      • 6.3.3.1. Market Size & Forecast
        • 6.3.3.1.1. By Value
      • 6.3.3.2. Market Share & Forecast
        • 6.3.3.2.1. By Type
        • 6.3.3.2.2. By Distribution Channel

7. Europe Non-Alcoholic Concentrated Syrup Market Outlook

  • 7.1. Market Size & Forecast
    • 7.1.1. By Value
  • 7.2. Market Share & Forecast
    • 7.2.1. By Type
    • 7.2.2. By Distribution Channel
    • 7.2.3. By Country
  • 7.3. Europe: Country Analysis
    • 7.3.1. Germany Non-Alcoholic Concentrated Syrup Market Outlook
      • 7.3.1.1. Market Size & Forecast
        • 7.3.1.1.1. By Value
      • 7.3.1.2. Market Share & Forecast
        • 7.3.1.2.1. By Type
        • 7.3.1.2.2. By Distribution Channel
    • 7.3.2. France Non-Alcoholic Concentrated Syrup Market Outlook
      • 7.3.2.1. Market Size & Forecast
        • 7.3.2.1.1. By Value
      • 7.3.2.2. Market Share & Forecast
        • 7.3.2.2.1. By Type
        • 7.3.2.2.2. By Distribution Channel
    • 7.3.3. United Kingdom Non-Alcoholic Concentrated Syrup Market Outlook
      • 7.3.3.1. Market Size & Forecast
        • 7.3.3.1.1. By Value
      • 7.3.3.2. Market Share & Forecast
        • 7.3.3.2.1. By Type
        • 7.3.3.2.2. By Distribution Channel
    • 7.3.4. Italy Non-Alcoholic Concentrated Syrup Market Outlook
      • 7.3.4.1. Market Size & Forecast
        • 7.3.4.1.1. By Value
      • 7.3.4.2. Market Share & Forecast
        • 7.3.4.2.1. By Type
        • 7.3.4.2.2. By Distribution Channel
    • 7.3.5. Spain Non-Alcoholic Concentrated Syrup Market Outlook
      • 7.3.5.1. Market Size & Forecast
        • 7.3.5.1.1. By Value
      • 7.3.5.2. Market Share & Forecast
        • 7.3.5.2.1. By Type
        • 7.3.5.2.2. By Distribution Channel

8. Asia Pacific Non-Alcoholic Concentrated Syrup Market Outlook

  • 8.1. Market Size & Forecast
    • 8.1.1. By Value
  • 8.2. Market Share & Forecast
    • 8.2.1. By Type
    • 8.2.2. By Distribution Channel
    • 8.2.3. By Country
  • 8.3. Asia Pacific: Country Analysis
    • 8.3.1. China Non-Alcoholic Concentrated Syrup Market Outlook
      • 8.3.1.1. Market Size & Forecast
        • 8.3.1.1.1. By Value
      • 8.3.1.2. Market Share & Forecast
        • 8.3.1.2.1. By Type
        • 8.3.1.2.2. By Distribution Channel
    • 8.3.2. India Non-Alcoholic Concentrated Syrup Market Outlook
      • 8.3.2.1. Market Size & Forecast
        • 8.3.2.1.1. By Value
      • 8.3.2.2. Market Share & Forecast
        • 8.3.2.2.1. By Type
        • 8.3.2.2.2. By Distribution Channel
    • 8.3.3. Japan Non-Alcoholic Concentrated Syrup Market Outlook
      • 8.3.3.1. Market Size & Forecast
        • 8.3.3.1.1. By Value
      • 8.3.3.2. Market Share & Forecast
        • 8.3.3.2.1. By Type
        • 8.3.3.2.2. By Distribution Channel
    • 8.3.4. South Korea Non-Alcoholic Concentrated Syrup Market Outlook
      • 8.3.4.1. Market Size & Forecast
        • 8.3.4.1.1. By Value
      • 8.3.4.2. Market Share & Forecast
        • 8.3.4.2.1. By Type
        • 8.3.4.2.2. By Distribution Channel
    • 8.3.5. Australia Non-Alcoholic Concentrated Syrup Market Outlook
      • 8.3.5.1. Market Size & Forecast
        • 8.3.5.1.1. By Value
      • 8.3.5.2. Market Share & Forecast
        • 8.3.5.2.1. By Type
        • 8.3.5.2.2. By Distribution Channel

9. Middle East & Africa Non-Alcoholic Concentrated Syrup Market Outlook

  • 9.1. Market Size & Forecast
    • 9.1.1. By Value
  • 9.2. Market Share & Forecast
    • 9.2.1. By Type
    • 9.2.2. By Distribution Channel
    • 9.2.3. By Country
  • 9.3. Middle East & Africa: Country Analysis
    • 9.3.1. Saudi Arabia Non-Alcoholic Concentrated Syrup Market Outlook
      • 9.3.1.1. Market Size & Forecast
        • 9.3.1.1.1. By Value
      • 9.3.1.2. Market Share & Forecast
        • 9.3.1.2.1. By Type
        • 9.3.1.2.2. By Distribution Channel
    • 9.3.2. UAE Non-Alcoholic Concentrated Syrup Market Outlook
      • 9.3.2.1. Market Size & Forecast
        • 9.3.2.1.1. By Value
      • 9.3.2.2. Market Share & Forecast
        • 9.3.2.2.1. By Type
        • 9.3.2.2.2. By Distribution Channel
    • 9.3.3. South Africa Non-Alcoholic Concentrated Syrup Market Outlook
      • 9.3.3.1. Market Size & Forecast
        • 9.3.3.1.1. By Value
      • 9.3.3.2. Market Share & Forecast
        • 9.3.3.2.1. By Type
        • 9.3.3.2.2. By Distribution Channel

10. South America Non-Alcoholic Concentrated Syrup Market Outlook

  • 10.1. Market Size & Forecast
    • 10.1.1. By Value
  • 10.2. Market Share & Forecast
    • 10.2.1. By Type
    • 10.2.2. By Distribution Channel
    • 10.2.3. By Country
  • 10.3. South America: Country Analysis
    • 10.3.1. Brazil Non-Alcoholic Concentrated Syrup Market Outlook
      • 10.3.1.1. Market Size & Forecast
        • 10.3.1.1.1. By Value
      • 10.3.1.2. Market Share & Forecast
        • 10.3.1.2.1. By Type
        • 10.3.1.2.2. By Distribution Channel
    • 10.3.2. Colombia Non-Alcoholic Concentrated Syrup Market Outlook
      • 10.3.2.1. Market Size & Forecast
        • 10.3.2.1.1. By Value
      • 10.3.2.2. Market Share & Forecast
        • 10.3.2.2.1. By Type
        • 10.3.2.2.2. By Distribution Channel
    • 10.3.3. Argentina Non-Alcoholic Concentrated Syrup Market Outlook
      • 10.3.3.1. Market Size & Forecast
        • 10.3.3.1.1. By Value
      • 10.3.3.2. Market Share & Forecast
        • 10.3.3.2.1. By Type
        • 10.3.3.2.2. By Distribution Channel

11. Market Dynamics

  • 11.1. Drivers
  • 11.2. Challenges

12. Market Trends & Developments

  • 12.1. Merger & Acquisition (If Any)
  • 12.2. Product Launches (If Any)
  • 12.3. Recent Developments

13. Global Non-Alcoholic Concentrated Syrup Market: SWOT Analysis

14. Porter's Five Forces Analysis

  • 14.1. Competition in the Industry
  • 14.2. Potential of New Entrants
  • 14.3. Power of Suppliers
  • 14.4. Power of Customers
  • 14.5. Threat of Substitute Products

15. Competitive Landscape

  • 15.1. Pioma Industries Pvt. Ltd.
    • 15.1.1. Business Overview
    • 15.1.2. Products & Services
    • 15.1.3. Recent Developments
    • 15.1.4. Key Personnel
    • 15.1.5. SWOT Analysis
  • 15.2. Monin
  • 15.3. Britvic Plc.
  • 15.4. Hamdard Laboratory
  • 15.5. Nichols Plc
  • 15.6. Hindustan Unilever Ltd.
  • 15.7. Suntory Holdings Ltd.
  • 15.8. Cottee's Pvt. Ltd.
  • 15.9. The Coca-Cola Company
  • 15.10. Elvin Group

16. Strategic Recommendations

17. About Us & Disclaimer