Newark, Oct. 27, 2022 (GLOBE NEWSWIRE) -- As per the report published by The Brainy Insights, the global juice concentrates market is expected to grow from USD 69.17 billion in 2021 to USD 105.47 billion by 2030, at a CAGR of 4.80% during the forecast period 2022-2030.
Customers' health worries have become more across the board, and the demand for products manufactured from healthy and natural ingredients has grown. Veggie juice concentrates, fruit juice concentrates, and a combination is the most typical sources of juice concentrates. Due to the nutritional properties of different fruits and vegetables, consumers are increasingly consuming drinks and food items made from the same or their processing forms, which contain concentrated juice, pulp, and other food items. As per the prediction, the increasing health awareness will probably raise the passion for juice concentrates and deliver beneficial opportunities for global market players over the projection period.
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Competitive Strategy
To enhance their market position in the global juice concentrates market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
Market Growth & Trends
The juice concentrates originated from fruits and vegetables. Fruit-based forms are gaining popularity. Furthermore, the stockpiling behaviour of customers for necessities, including fruit beverages, will push needs via the covid-19 pandemic. Similarly, fruit-based concentrates are majorly utilized in bakery and confectionery products due to their sweetener properties, which are unavailable in vegetable form. Countries in the Middle East and Africa have also noticed constant demand increases, with manufacturers making multi-fruit concentrates at increased profit percentages. Furthermore, the benefit of juice focusing on canned food and drinks uses fructose rather than sucrose, making them safe for customers with diabetes. It also improves the consistency and volume of the final item, making juice concentrates a wide choice in the baking and sweets industry. The health and wellness trend persists in developing; juice concentrates are now becoming more famous. Unlike juices made from vegetables and fruits that have been juiced fresh, juice concentrates are created by taking out the juice from vegetables or fruits and then vaporizing most of the water, which ultimately leaves a thick syrup with good taste and high in nutrients.
Juice Concentrates Market Scope:
| Report Coverage | Details |
| Page number | 235 |
| Base year | 2021 |
| Forecast period | 2022-2030 |
| Growth momentum & CAGR | Accelerate at a CAGR of 4.80% |
| Market growth 2022-2030 | USD 105.47 billion |
| Market structure | Fragmented |
| Regional analysis | APAC, Europe, North America, South America, and MEA |
| Performing market contribution | Asia Pacific region is having the highest market share of 34.5% in 2021. |
| Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
| Companies profiled | Welch Foods Inc., SVZ International B.V., Sudzucker AG, Prodalim Group, Northwest Naturals LLC, Ingredion Incorporated, FruitSmart, DOHLER GmbH, Diana Naturals, Citromax, Carotex Flavors, Bell Flavors & Fragrances, AGRANA Investment Corp |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Findings
• In 2021, the beverages segment dominated the market with the largest market share of 27% and market revenue of 18.67 billion.
The application segment is divided into bakery & confectionery, dairy, beverages, and soups & sauces. In 2021, the beverages segment dominated the market with the largest market share of 27% and market revenue of 18.67 billion. Fruits and vegetable concentrates are widely used in the beverage sector. Fruits concentrates are primarily utilized in the process of both alcoholic and non-alcoholic drinks.
• In 2021, the fruit segment dominated the market with the largest market share of 53% and market revenue of 36.6 billion.
The type segment is divided into vegetable, and fruit. In 2021, the fruit segment dominated the market with the largest market share of 53% and market revenue of 36.6 billion. Due to the health benefits, fruits such as apples, pineapples and oranges are increased in demand. These concentrates, mainly red grapes, are also used to make wine.
• In 2021, the liquid segment dominated the market with the largest market share of 58% and market revenue of 40.11 billion.
The form segment is divided into liquid, and powder. In 2021, the liquid segment dominated the market with the largest market share of 58% and market revenue of 40.11 billion. Liquid concentrates give a sense of drinking fresh juice directly, and maximum customers select them as their first option for juice concentrates.
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Regional Segment Analysis of the Juice Concentrates Market
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
Among all regions, the Asia Pacific region emerged as the largest market for the global Juice concentrates market, with a market share of around 34.5% and 23.86 billion of the market revenue in 2021. The paradigm transformation of customers for healthful eating habits has also indicated a positive need for juice concentrates across various regional nations. The factors pushing the market are the busy lifestyle and the availability & comfort of these items. Similarly, following the rising tendency toward vegan food & beverages, several agriculturalists are growing fruits & vegetables organically while giving way to organic production techniques for juice concentrates on catering to the various customer needs, therefore pushing the juice concentrates market in Asia-Pacific.
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Key players operating in the global juice concentrates market are:
• Welch Foods Inc.
• SVZ International B.V.
• Sudzucker AG
• Prodalim Group
• Northwest Naturals LLC
• Ingredion Incorporated
• FruitSmart
• DOHLER GmbH
• Diana Naturals
• Citromax
• Carotex Flavors
• Bell Flavors & Fragrances
• AGRANA Investment Corp
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global juice concentrates market based on the below-mentioned segments:
Global Juice Concentrates Market by Application:
• Bakery & Confectionery
• Dairy
• Beverages
• Soups & Sauces
Global Juice Concentrates Market by Type:
• Vegetable
• Fruit
Global Juice Concentrates Market by Form:
• Liquid
• Powder
About the report:
The global juice concentrates market is analyzed based on value (USD Billion). All the segments have been analyzed on a worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, raw material analysis, supply, demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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