Market Research Future Insights:
The main factors projected to drive the growth of the global juice concentrates market over the course of the review period are the rising demand for natural plant-based components and the rising awareness and popularity of convenient foods and beverages. The market's expansion is anticipated to be constrained by rising demand for cold-pressed juice and not from concentrate (NFC).
Juice concentrates market size most popular in Europe in 2022, and it is anticipated that this trend would continue during the review period.
With a share of 24.50%, Germany had the largest country-level market in 2022. France, on the other hand, is anticipated to experience a significant growth rate during the study period. Fruit-based beverages are becoming more popular in the area, and market sustainability is a top concern for industry participants.
The market for juice concentrates is anticipated to expand significantly throughout the given time frame. Juice concentrates have a wide variety of uses, which is the main reason fueling industry expansion. Additionally, consumers are choosing natural alternatives like plant-based beverages over artificially sweetened and highly processed beverages as a result of an increase in health consciousness around the world. Additionally, it is anticipated that during the forecast period, the use of fruit juice concentrates as a substitute for refined sugar in bakery and confectionery products will grow.
Regional Analysis:
The market for juice concentrates has been divided into four geographic regions: North America, Europe, Asia-Pacific, and the rest of the globe. Germany will be the largest consumer of juice concentrates in 2022, according to MRFR data, with Europe accounting for the majority of the global market. Given that European nations consume the most organic packaged foods and beverages when compared to other continents, organic juice concentrate is becoming more popular there. For makers of juice concentrates, the Asia-Pacific region is anticipated to be the most attractive market over the research period. The market for juice concentrates in the Asia-Pacific region was dominated by China. In China, there are many small, unorganised businesses, which has led to a highly fragmented market for juice concentrates. It is anticipated that there will be an increase in demand for natural ingredients in many foods and beverages.
Market Segmentation:
The worldwide juice concentrate market overview is segmented by Type, form, application, and region.
The market has been separated into sections for fruits, vegetables, and blends.
Fruits are further broken down into the categories of grape, apple, orange, mango, pineapple, and others.
In 2022, the fruits segment held the greatest market share. Since consumers prefer fruit flavours the most, demand for fruit juice concentrates is growing. On the other hand, consumers of fruit concentrates can benefit from a number of health advantages. However, it is anticipated that the blends segment will expand at the fastest rate during the forecast period.
The market has been divided into powder and liquid segments based on form. In 2022, the liquid market category represented a greater market share. The food sector uses liquid forms a lot because they are stable, clean, and devoid of contamination. Additionally, combining with various goods makes it simple to standardise liquid substances. However, a greater CAGR is anticipated for the powder segment.
The market has been divided into beverage and food segments based on application. Bakery confectionery, dairy frozen desserts, dips, sauces dressings, and others are further categories for the food industry. In 2022, the beverages sector had a greater market share. The demand for juice concentrates used in the production of beverages has been rising quickly over the past several years as a result of the rapid increase in beverage consumption. Additionally, a lot of energy drinks and sports drink brands employ juice concentrates. However, it is anticipated that the food segment will grow at a faster rate during the review period.
Key Players:
The key players of juice concentrate market are as follows:
- Ingredion Incorporated (US)
- Archer Daniels Midland Company (US)
- Sudzucker AG (Germany)
- Louis Dreyfus Company (Netherlands)
- Doehler Group (Germany)
- SVZ International BV (The Netherlands)
- The Ciatti Company (US)
- Diana Naturals (US)
- Kanegrade Limited (UK)
- Lemon Concentrate SL (Spain)
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