The global Juice Concentrates Market size is projected to reach a CAGR of 5.3% from 2023-2030.
Juice concentrates refer to fruit and vegetable juice with low water content. These are known to be more affordable as compared to normal juices. The shelf life of the product is increased with the removal of water reducing bacterial growth. Whole fruit is thoroughly washed, rinsed, squashed, or mixed for making pulp. The water is generally evaporated and extracted which is beneficial as they are rich in nutrients, and enhances skin health.
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The rise in health consciousness, especially in developed countries acts as one of the major factors driving the growth of the juice concentrates market. The increase in the adoption of vegetable and fruit juices as an alternative to aerated drinks by health-conscious consumers, and the rise in the popularity of convenience food & beverage products accelerate the market growth. The increase in usage as a substitute for sugar in the bakery sector, and rise in health concerns among consumers, and the demand for products made from natural and healthy ingredients further influence the market.
Recent Developments
- In September 2021, Ingredion Incorporated established manufacturing facility units in Canada. The new state-of-the-art facility's operating standards are aligned with Ingredion's stringent manufacturing and quality standards.
- In September 2021, Kerry Group PLC completed the acquisition of Hare Topco, Inc trading as Niacet Corp. Niacet is a global market leader in technologies for preservation.
Prominent Players
- SunOpta
- Diana Group
- Döhler
- SVZ Industrial Fruit & Vegetable Ingredients
- Kanegrade Ltd.
- Northwest Naturals.
- Welch’s
- Shimla hills.
- LemonConcentrate S.L.
- NAM VIET F&B
- Iprona AG
- Sunmet Juice Company
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Asia-Pacific to Dominate the Market
- Asia-Pacific is projected to be the fastest-growing region in the global juice concentrates market with the highest CAGR. The main countries contributing significantly toward the region's growth include China, India, Japan, Australia, and New Zealand.
- The rapidly growing fast-food industry and young demography in the Asia-Pacific region have led to an increase in the consumption of convenience food, which is expected to enhance the growth of the market for juice concentrates. The growth of the juice concentrates market is proportionally dependent upon the growth of the convenience and health food industry.
Juice Concentrates Market Segmentation:
On the basis of type
· Fruit juice concentrates
· Vegetable juice concentrates
On the basis of the application
· Beverage
· Soups and sauces
· Dairy
· Bakery & confectionary
· Others
On the basis of ingredient
· Single Fruit/Vegetable Concentrates
· Multi-Fruit/Vegetable Concentrates
On the basis of form
· Clear Concentrate
· Powdered Concentrate
· Frozen Concentrate
Based on region:
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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Frequently Asked Questions
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· What is the compound annual growth rate (CAGR) of the Juice Concentrates Market?
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