At 5.4% CAGR, the North America Juice Concentrates Market is projected to be worth US$ 25,437.45 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the North America juice concentrates market was valued at US$ 18,577.98 million in 2022 and is expected to reach US$ 25,437.45 million by 2028, registering a CAGR of 5.4% from 2022 to 2028. Growing application of juice concentrates and increasing demand for natural food products are the critical factors attributed to the North America juice concentrates market expansion.  

Juice concentrates are used in various food applications such as bakery and confectionery, beverages, and dairy & frozen desserts as they provide sweet flavor, along with nutrition. The demand for beverages is growing due to the rising adoption of vegetable and fruit juices as an alternative to aerated drinks, mainly by health-conscious consumers. Also, the rapid growth in the preference for natural sweeteners is boosting the growth of the global juice concentrates market, as juice concentrate is widely used in many baked items as an alternative sweetener. The increasing use of natural sweeteners in bakery & confectionery and dairy & frozen desserts is fueling the demand for juice concentrates. For example, fruit juice concentrates such as pear concentrates and apple concentrates are used as sugar substitutes in the bakery & confectionery industry for various applications such as the production of cakes, cookies, and pastries. As consumers are becoming more conscious of their health and their food habits, the demand for natural and healthy products such as juice concentrates is also increasing. Therefore, the growing application of juice concentrates, such as an alternative to sugar, is driving the growth of the juice concentrates market.

On the contrary, fluctuation in raw material prices hurdles the growth of North America 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 67.2% market share in 2022, amassing US$ 12,484.25 million. It is projected to garner US$ 16,842.97 million by 2028 to expand at 5.1% CAGR during 2022–2028.  

Based on category, the juice concentrates market is bifurcated into organic and conventional. The conventional segment held 78.4% market share in 2022, amassing US$ 14,570.28 million. It is projected to garner US$ 19,474.14 million by 2028 to expand at 5.0% CAGR during 2022–2028. 

Based on form, the juice concentrates market is bifurcated into powder and liquid. The liquid segment held 73.0% market share in 2022, amassing US$ 13,558.61 million. It is projected to garner US$  18,230.11 million by 2028 to expand at 5.1% 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 45.2% market share in 2022, amassing US$ 8,389.26 million. It is projected to garner US$  11,283.19 million by 2028 to expand at 5.1% CAGR during 2022–2028.   

Based on country, the North America juice concentrates market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 79.2% market share in 2022. It was assessed at US$ 14,710.23 million in 2022 and is likely to hit US$ 20,063.60 million by 2028, exhibiting a CAGR of 5.3% during the forecast period.

Key players dominating the North America juice concentrates market are AGRANA Beteiligungs AG; Archer-Daniels-Midland Co; Berrifine AS; Ciatti Co; Dohler GmbH; Ingredion Inc; and SVZ International BV are the leading companies operating in the North America juice concentrates market.

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