Report : Europe Juice concentrates Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Fruit Juice Concentrates and Vegetable Juice Concentrates); Ingredient (Single Fruit/Vegetable Concentrates and Multi-Fruit/Vegetable Concentrates); Form (Clear Concentrate, Powdered Concentrate, and Frozen Concentrate); and Application (Beverages, Soups and Sauces, Dairy, Bakery and Confectionery, and Others) and Country
The rising demand for beverage and bakery products to escalate to escalate the juice concentrates market growth at CAGR of 5.3%
According to our latest market study on “Europe Juice Concentrates market Forecast to 2027 – COVID-19 Impact and Analysis- by Type (Fruit Juice Concentrates and Vegetable Juice Concentrates); Ingredient (Single Fruit/Vegetable Concentrates and Multi-Fruit/Vegetable Concentrates); Form (Clear Concentrate, Powdered Concentrate, and Frozen Concentrate); Application (Beverages, Soups and Sauces, Dairy, Bakery and Confectionery, and Others) and Geography,” the market is accounted for US$ 25,916.85 million in 2019 and is expected to grow at CAGR of 5.3% during the forecast period 2020 – 2027, to account for US$ 38,874.28 million by 2027. The report highlights key factors driving the market growth and the prominent players along with their developments in the market.
Juice concentrates are fruit and vegetable juices from which most of the water has be extracted. Depending on the type of fruits and vegetable used it offers essential nutrients like minerals and vitamins. The juice concentrates are highly processed in comparison to the raw juices. The water is extraction in juice concentrates as it helps in reducing the bacterial growth. The juice concentrates are generally stored at room temperatures or frozen and then diluted in filtered water before being consumed. The fruit concentrates are rich in vitamin C and other antioxidants that help in promoting skin health and also slow the effects of skin aging. It is usually consumed by the consumers as an healthy alternative to the freshly squeezed juice. The frozen and the shelf-stable varieties of juice concentrates do not soil easily and prove to be very convenient for the ones who do not have access to fresh fruits & vegetables.
The rising demand for the beverage as well as bakery products among consumers is the prime driver for the growth of the juice concentrates market in Europe. The increasing adoption of vegetable & fruit juices as an alternative to aerated drinks mainly by health-conscious consumers is anticipated to fuel the growth of the European juice concentrates market. Also, the rapid growth of the natural sweeteners market is expected to boost the growth of the Europe juice concentrates market since juice concentrate is used in many baked items as an alternative sweetener. The increasing demand for juice concentrates mainly in the beverage industry and as the sugar substitute in the bakery products industry, is also expected to propel the growth of the European juice concentrates market. The changing consumer preference towards food habits is again driving the growth of the studied market. Consumers are more conscious of their health with physical appearances. The increase in the growth of the natural sweeteners is then anticipated to boost the growth of the juice concentrates market. There is a rise in demand from the beverage industry and in the bakery sector since they are utilized as an alternative to sugar, thus propelling the growth of the European juice concentrates market.
France juice concentrates market is expected to grow at the highest CAGR during the forecast period. Germany is dominating the regional market, followed by other countries such as France and the UK. Consumers in these countries are shifting their preferences toward a healthy lifestyle and prefer products that provide health benefits. Therefore, the increasing health concern among consumers drives the growth of the juice concentrates market in Europe. Transforming lifestyle trends concerning the food and beverage industry has had a noteworthy influence on the juice concentrates market in Europe. The food and beverage manufacturers in the region are facing stiff competition and also gaining competitive advantage over the others based on product differentiation. The rise in the consumption of juice concentrates as they contain more minerals and vitamins favours the growth of the market in Europe. The region is witnessing an upsurge in the demand for convenience food & beverage products, which further boost the demand for juice concentrates. Besides this, the availability of juice concentrates in various forms such as powdered concentrates, clear concentrates and frozen concentrates also favors the market growth in Europe.
The COVID-19 outbreak has affected economies and industries in various countries due to government-imposed, as well as self-imposed, lockdowns, travel bans, and business shutdowns. Food and beverage is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the hub of manufacturing and the largest raw material supplier for various industries worldwide, and disturbed operations in the country are affecting several businesses from all other countries dependent on its manufacturing sector. The Europe market breakdown due to COVID-19 spread is also affecting the growth of the market for juice concentrates applications.
AGRANA Beteiligungs-AG, Archer Daniels Midland Company., Berrifine A/S, Ciatti Company, Dohler GmBh, Ingredion Incorporated, Kanegrade, CitroGlobe S.r.l, SVZ Industrial Fruit & Vegetable Ingredients and IPRONA SpA among many others are the key players operating in the Europe juice concentrates market.
The report segments the Europe juice concentrates market as follows:
- Fruit Juice Concentrates
- Vegetable Juice Concentrates
- Single Fruit/Vegetable Concentrates
- Multi-Fruit/Vegetable Concentrates
- Clear Concentrate
- Powdered Concentrate
- Frozen Concentrate
- Soups and Sauces
- Bakery and Confectionery
- Rest of Europe
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