Juice Concentrates Market by Type (Fruits and Vegetables), Category (Organic and Conventional), Application (Beverages, Dairy and Frozen Dessert, Infant Formula, Bakery & Confectionery, and Others): Global Market Size Estimates and Forecast (2022–2030)

Code: BMIRE00025931 | Pages: 100 | Industry: Food and Beverages | Date: Sep 2022 | Type: Global

The market crossed US$ 74 billion mark in 2022 and is expected to hit US$ 110 billion by 2030, recording a CAGR of 4.5% during the forecast period.

Juice concentrates market has been significantly growing with higher adoption of natural food and beverages products.

Significant consumer shift to adoption of healthy beverages and food products, increasing popularity of convenience food and beverage products, and rising anti-sugar movement curbing the sales of carbonated soft drinks are some of the major factors driving the growth of the market. The fruit segment is expected to pace up with its adoption in variety of industries like dairy products, beverages, bakery and confectionery, and others. in addition, increasing awareness regarding consumption of healthy products in developed and developing countries is further attributed the market growth. Further, vegetable segment is also expected to gain traction during the forecasted year.

Within the report, the market is segmented into type, form, application, and geography. By type, the market is further segmented into fruits and vegetables. On the basis of category, the market is bifurcated into organic and conventional. By application, the market is categorized into beverages, dairy and frozen dessert, infant formula, bakery & confectionery, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increasing consumer health awareness about healthy food option has empowered the growth of futuristic innovations.

Juice concentrates is fruit or vegetable juice from which most of the water is been extracted. Fruit juices are one of the convenient and cost-effective alternatives for fresh fruit and vegetable juices in various application. Rising disposable income, evolving standard of living in emerging economies and urbanization are some of the factors surging the demand for the juice concentrate market. Further, the technology advancement in fruit and vegetable concentrate processing systems to minimize the changes in its sensory, nutritional and textured properties have positively impacted the market growth. 

Rising adoption in various industries is one of the major factors accelerating the market growth.

The industries for juice concentrates are beverages, dairy & frozen desserts, bakery & confectionery, infant formula, and others. Within these industries, beverages industry is one such industry, wherein the use of juice concentrate is increasing owing to increasing use of fruit juice in non-alcoholic and alcoholic beverages, and rising demand for fruit and vegetable concentrates in energy and sport drinks. Moreover, growing consumption of soft drinks in developing economies such as India, China, and Indonesia have further surged the demand for juice concentrates. The dairy products industry has also witnessed an extensive use of juice concentrates owing to consumer inclination towards variety of flavor in the dairy products such as ice creams, frozen dessert, and others.  

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Recent strategic developments in juice concentrate market

The juice concentrate market has undergone several significant developments, and a few of these have been mentioned below:

  • In September 2021, Kerry Group plc, announced the complete acquisition of Hare Topco, Inc. trading as Niacet Corp, global leader in technologies for prevention.
  • In April 2019, Döhler Group SE acquired Zucasa, a Spanish fruit processor to strengthen its position in European fruit concentrate market 

The juice concentrate market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Ingredion, ADM, IPRONA SpA, Döhler Group SE, and SVZ International BV are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Juice concentrates related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Application industry of juice concentrate industry
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type:
    • Fruits
    • Vegetables  
  • Category:
    • Organic
    • Conventional
  • Application:
    • Beverages
    • Dairy and Frozen Dessert  
    • Bakery and Confectionery
    • Infant Formula
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Ingredion
    • ADM
    • IPRONA SpA
    • Döhler Group SE
    • SVZ International BV
  • Ingredion
  • ADM
  • IPRONA SpA
  • Döhler Group SE
  • SVZ International BV
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