Report : South America Juice Concentrates Market Forecast to 2028 - COVID-19 Impact and Regional Analysis by Type (Fruit Juice Concentrates and Vegetable Juice Concentrates), Category (Organic and Conventional), Form (Powder and Liquid), and Application (Bakery and Confectionery; Beverages; Soups, Sauces, and Condiments; Dairy and Frozen Dessert; and Others)

At 6.5% CAGR, the South America Juice Concentrates Market is speculated to be worth US$ 9,282.35 Million by 2028, says Business Market Insights

According to Business Market Insights’ research, the South America juice concentrates market was valued at US$ 6,357.79 million in 2022 and is expected to reach US$ 9,282.35 million by 2028, registering a CAGR of 6.5% from 2022 to 2028. Strategic developments by key market players and demand for organic and clean label products are the critical factors attributed to the South America juice concentrates market expansion.  

The rising consumer preference and demand for nutrient-rich, premium, and personalized flavors have increased product innovations. Manufacturers are adding functional components such as vitamins and fortified concentrates to juice concentrates to enhance the nutritional quality of the final product. In addition, the growing consumer demand for organic, natural, and clean-labeled products is compelling manufacturers to manufacture such products. Increasing strategic developments such as product innovations and introduction of new product portfolios are likely to create lucrative opportunities for the juice concentrate market growth in the coming years.   

On the contrary, fluctuation in raw material prices hurdles the growth of South 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 63.2% market share in 2022, amassing US$ 4,016.34 million. It is projected to garner US$ 5,756.00 million by 2028 to expand at 6.2% CAGR during 2022–2028.  

Based on category, the juice concentrates market is bifurcated into organic and conventional. The conventional segment held 85.7% market share in 2022, amassing US$ 5,451.46 million. It is projected to garner US$ 7,773.10 million by 2028 to expand at 6.1% CAGR during 2022–2028.   

Based on form, the juice concentrates market is bifurcated into powder and liquid. The liquid segment held 78.7% market share in 2022, amassing US$ 5,005.97 million. It is projected to garner US$ 7,175.05 million by 2028 to expand at 6.2% 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 41.9% market share in 2022, amassing US$ 2,663.49 million. It is projected to garner US$ 3,818.16 million by 2028 to expand at 6.2% CAGR during 2022–2028.   

Based on country, the South America juice concentrates market is segmented into into Brazil, Argentina, the Rest of South America. Our regional analysis states that the Rest of South America captured 49.1% market share in 2022. It was assessed at US$ 3,123.12 million in 2022 and is likely to hit US$ 4,451.40 million by 2028, exhibiting a CAGR of 6.1% during the forecast period.   

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

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