At 7.6% CAGR, the Asia Pacific Juice Concentrates Market is projected to be worth US$ 24,981.14 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific juice concentrates market was valued at US$ 16,100.61 million in 2022 and is expected to reach US$ 24,981.14 million by 2028, registering a CAGR of 7.6% from 2022 to 2028. Strategic developments by key market players and demand for organic and clean label productsare the critical factors attributed to the Asia Pacific juice concentrates market expansion.  

Organic fruit and vegetable concentrates are in high demand among health-conscious consumers as these concentrates offer numerous health benefits. The cultivation of fruits and vegetables by adhering to the standards and regulations of organic farming imposed by the USDA. The organic form of fruits and vegetables is cultivated without the incorporation of artificial fertilizers or harmful chemicals, pesticides, and synthetic fertilizers. In addition, the demand for organic fruits and vegetables containing juice concentrates is rising rapidly among developed economies due to the growing trend of a healthy lifestyle. The importance of organic farming is growing due to the rising number of alarming health issues caused by the consumption of harmful synthetic additives and chemicals. Organic fruits and vegetable juice concentrates are rich in protein, vitamins, antioxidants, and carbs, as well as healthy fats. The concentrate is non-GMO and keto-or paleo friendly. Moreover, strict government regulations on food additives are a major concern for food processors and manufacturers. Owing to this, many companies operating in the food & beverages industry are focusing on producing clean-label products by not using or limiting food additives and increasing the adoption of natural food colors and flavors as substitutes for synthetic food additives. Food manufacturers are also focusing on leveraging consumer preference toward wellness and health over the cost of products and using juice concentrates as a natural ingredient to secure clean label approval for various food and beverage products. Thus, increasing demand for organic and clean labelled products has expected to drive the growth of juice concentrates market in coming years.  

On the contrary, fluctuation in raw material prices hurdles the growth of Asia Pacific juice concentrates market.

Based on type, the juice concentrates market is bifurcated into fruit juice concentrates and vegetable juice concentrates. The fruit juice concentrates segment held 65.3% market share in 2022, amassing US$ 10,517.59 million. It is projected to garner US$ 16,037.36 million by 2028 to expand at 7.3% CAGR during 2022–2028.  

Based on category, the juice concentrates market is bifurcated into organic and conventional. The conventional segment held 83.5% market share in 2022, amassing US$ 13,446.59 million. It is projected to garner US$ 20,367.33 million by 2028 to expand at 7.2% CAGR during 2022–2028. 

Based on form, the juice concentrates market is bifurcated into powder and liquid. The liquid segment held 77.2% market share in 2022, amassing US$ 12,424.73 million. It is projected to garner US$ 18,940.34 million by 2028 to expand at 7.3% CAGR during 2022–2028. 

Based on application, the juice concentrates market is segmented into bakery and confectionery; beverages; soups, sauces, and condiments; dairy and frozen dessert; and others. The beverages segment held 42.7% market share in 2022, amassing US$ 6,869.38 million. It is projected to garner US$ 10,500.70 million by 2028 to expand at 7.3% CAGR during 2022–2028.   

Based on country, the Asia Pacific juice concentrates market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that the Rest of Asia Pacific captured 44.9% market share in 2022. It was assessed at US$ 7,224.05 million in 2022 and is likely to hit US$ 10,681.21 million by 2028, exhibiting a CAGR of 6.7% during the forecast period.   

Key players dominating the Asia Pacific juice concentrates market are AGRANA Beteiligungs AG; Archer-Daniels-Midland Co; Berrifine AS; Ciatti Co; Dohler GmbH; Ingredion Inc; and Kanegrade Ltd are the leading companies operating in the Asia Pacific juice concentrates market.        

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com