Global Concentrated Fruit Juice Market is expected to foresee significant growth during the forecast period. North America to witness the highest growth
Global Concentrated Fruit Juice Market is expected to exceed the market valuation of more than US$ 108 billion by 2027 expanding at a reasonable CAGR of around 8.1% during the forecast period (2021-2027). A rise in the demand for healthy food from health-conscious consumers coupled with the consumer’s preference for more organic beverages over carbonated drinks which are free from added sugar and artificial flavors and preservatives.
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The rising prevalence of the disease worldwide is leading to a shift towards the increasing consumption of juices as several kinds of juices are prescribed and suggested for different medical advantages For instance: watermelon juice to keep the body hydrated and improves digestion, avocado juice supports characteristic vitality in the body, papaya juice caters sound assimilation, lemon juice for battling with viral contaminations, and pineapple juice helps in diminishing cholesterol levels. As per a study, the Incidence of Diseases responsible for the shift towards fruit juice consumption in China, India, Indonesia, Malaysia, and Vietnam are 8%, 9%,13%, 14%, and 11% respectively. Also, the global consumption of fruit juice and fruit nectar in 2018 reached 36,247 up from 35,934 in 2017, revealed by Fruit juice Focus.
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Furthermore, rising disposable income among end-users coupled with rising awareness among millenniums about the health benefits of concentrated fruit juice is the key contributing factor for the market growth. Moreover, the rising demand from the beverage industry coupled with the reduced logistical & storage cost fuel the demand for the global concentrated fruit juice market. Concentrated fruit juice is 3 to 7 times more concentrated than the initial juice and is widely used in the beverage industry. Moreover, the rising organic fruit production across countries is leading to the growing production of concentrated fruit juices and the market is witnessing an uptick. As per a report by United Nations, the major organic markets are expected to grow with growth rates between 10 to 30% or even more in the next 5 to 10 years.
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Based on Product Type, the market is fragmented into Liquid Concentrated, Powder Concentrate, and Others. The liquid concentrates dominated the market and grabbed more than 40% market share in the industry. The market share of the liquid concentrates is emerging owing to the rising demand for reconstituted juice as they are intently used in the production of the same.
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Based on the fruit type, the market is fragmented into orange, apple, mango, mixed fruits, and Others. The orange segment grabbed the major market share and dominated the market flowed by apple and mix fruits. The segment grabbed around 62% market share in 2019. The market share of the orange segment is proliferating owing to the growing demand for juices due to its properties such as rich in vitamin A, vitamin C, calcium, and iron. However, the apple segment is expected to witness the highest CAGR during the forecast period of 2021-27.
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Based on the application, the market is fragmented into beverages, bakery, confectionary, Dairy, and others. The beverage segment grabbed the major market share and dominated the market. The beverage segment is escalating owing to the growing interest in the food and beverage industries due to increasing consumer demand around the world. One of the largest food processing industries is the beverage industry. In 2017 Americans consumed just 20 liters of juice a year. However, the bakery segment is expected to witness a considerable market share in the forthcoming years.
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Additionally, the report provides detailed initiatives that are being taken in the field of Concentrated Fruit Juice. The market is classified into distinct regions including North America (the U.S and Canada), Europe (Germany, France, Spain, Italy, and United Kingdom), Asia-Pacific (China, Japan, India, and Australia), and the Rest of the World. North America dominated the market, and the same trend of dominance is expected in the coming years as well.
Archer Daniels Midland Company, Ingredion Incorporated, Dohler GmbH, SunOpta Inc, Südzucker AG, Agrana Beteiligungs AG, SVZ Industrial Fruit, and Vegetable Ingredients, Kanegrade Ltd, Kerry Inc., and Skypeople Fruit Juice Inc, etc., are some of the prominent players operating in the global concentrated fruit juice market. Several M&As along with partnerships have been undertaken by these players to develop a new juice category in the market.
Global Concentrated Fruit Juice Market Segmentation
Market Insight, by Product Type
- Liquid Concentrate
- Powder Concentrate
Market Insight, by Fruit Type
- Mixed Fruits
Market Insight, by Application
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Archer Daniels Midland Company
- Ingredion Incorporated
- Dohler GmbH
- SunOpta Inc.
- Südzucker AG
- Agrana Beteiligungs AG
- SVZ Industrial Fruit and Vegetable Ingredients
- Kanegrade Ltd
- Kerry Inc.
- Skypeople Fruit Juice Inc.