Global Concentrated Fruit Juice Market: Current Analysis and Forecast (2021-2027)
$3500 – $6860
Emphasis on Product Type (Liquid Concentrate, Powder Concentrate, and Others), Fruit Type (Orange, Apple, Mango, Mixed Fruits and Others), Application (Beverages, Bakery, Confectionary, Dairy and Others), and Region/Country
The market of the concentrated fruit juices has evolved significantly in recent years and is witnessing an uptick owing to the surging demand from the modern consumer for authenticity and natural health. Concentrated fruit juice is prepared by removing all the excess water from fruits, the remaining juice is highly concentrated than the original and has more nutrients than the original one.
Surging awareness about the harmful impact of sugar is contributing to the growing demand as concentrated fruit juice is used as an alternative to sugar and used as a natural sweetener in many food recipes. Moreover, the increasing investments by companies in R&D, decreasing cost of transportation, and cold storage would contribute to the growing market of the company in the forecast period as well.
A continuous launch of products that don’t’ have any harmful impact on health is gaining end-users traction and the market is emerging as end-users are more focused on the health risks of a high-sugar diet. Also, the government’s regulations regarding the content and amount of the sugar in the juice are acting as a growth catalyst to the industry.
A rise in the disposable income of consumers coupled with the changing food preference is acting as a growth catalyst to the industry. As per OCED, the household disposable income of Australia, Canada, Denmark, Germany, and Mexico increased 4.39%, 2.11%, 1.67%, 1.77%, 2.76% respectively in 2019. Furthermore, rising import-export trades of fruits owing to the growing demand Concentrated s contributing to the growth of the market. In a study, it was revealed that lemon and other citrus fruit juice is a widely traded commodity, with the share of exports in total global output increased from near 72% in 2007 to about 86% in 2019.
Worldwide consumption of fruit juice and fruit nectar in 2017 and 2018, by region
The global Concentrated Fruit Juice market is highly fragmented. The availability of numerous global and local players across regions makes the industry highly competitive. The key players with a considerable market share in the industry are 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. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst product type, liquid concentrate segment holds the major share”
Based on product type, the market is fragmented into liquid concentrate, powder concentrate, and others. The liquid concentrate segment dominated the market with a share of more than 40% in 2019 and is expected to maintain its dominance during the forecast period. However, the power segment would witness the considerable CAGR during the forecast period owing to the benefits such as longer shelf life, ease to carry, etc.,
“Amongst Fruit Type, Orange is expected to dominate the market during the analyzed period”
Based on the market segment by fruit type, the market is segmented into orange, apple, mango, mixed fruits, and others. In 2019, the orange segment grabbed the major market share and dominated the market. The market share is witnessing an uptick owing to the rising imports of fruit juices is made up of concentrated orange juice in Europe. However, the apple and mixed fruit segment would grow at a considerable CAGR during the forecast period.
“Amongst Application, the beverage segment accounts for the highest revenue share”
Based on the market segment by application type, the market is segmented into beverages, bakery, confectionery, dairy, and others. In 2019, the beverage segment accounted for the highest revenue share by capturing 25% in the total market. However, the bakery segment is expected to witness the highest CAGR during the forecast period of 2021-27.
“North America represents one of the largest markets of Concentrated Fruit Juice market”
For a better understanding of the market dynamics of the Concentrated Fruit Juice market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Italy, United Kingdom, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC) and Rest of the World has been conducted. North America dominated the market and grabbed around 50% market share owing to rising consumption of concentrated fruit juice market. As per a study, the country with the highest volumes of consumption of concentrated oranges and other citrus fruit juice in 2019 was the U.S. (31K tonnes).
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
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- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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|1.2||Objective of the Study|
|1.5||Currency Used in Report|
|1.6||Scope of the Global Concentrated Fruit Juice Market Study|
|2.1||Research Methodology for the Global Concentrated Fruit Juice Market|
|2.1.1||Main Objective of the Global Concentrated Fruit Juice Market|
|8.1||North America Concentrated Fruit Juice Market|
|8.1.3||Rest of North America|
|8.2||Europe Concentrated Fruit Juice Market|
|8.2.6||Rest of Europe|
|8.3||Asia Pacific Concentrated Fruit Juice Market|
|8.3.5||Rest of Asia Pacific|
|8.4||Rest of the World Concentrated Fruit Juice Market|
|9.1||Market Trends & Drivers|
|10.1||Demand Side Analysis|
|10.2||Supply Side Analysis|
|10.2.1||Top Product Launches|
|10.2.2||Top Business Partnerships|
|10.2.3||Top Merger & Acquisitions|
|10.2.4||Top Business Expansions and Investments|
|15.1||Archer Daniels Midland Company|
|15.6||Agrana Beteiligungs AG|
|15.7||SVZ Industrial Fruit and Vegetable Ingredients|
|15.10||Skypeople Fruit Juice Inc|
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Global Concentrated Fruit Juice Market were the three major steps undertaken to create and analyze the adoption of concentrated fruit juice in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the concentrated fruit juice market. Post assumption and validation of market numbers through primary interviews, we employed a top-down approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Concentrated Fruit Juice through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Concentrated Fruit Juice Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product type, applications, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of Concentrated Fruit Juice in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Concentrated Fruit Juice. Further, we conducted factor analysis using dependent and independent variables such as the surging prevalence of diseases, rising awareness among end-users, Investments in R&D by companies, etc. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Concentrated Fruit Juicesector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Concentrated Fruit Juice market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Concentrated Fruit Juice across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Concentrated Fruit Juice market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Concentrated Fruit Juice market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and their type of the Concentrated Fruit Juice market.
The main objective of the Concentrated Fruit JuiceMarket Study
The current & future market trends of Concentrated Fruit Juicewere pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Concentrated Fruit Juice in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and their subtypes
- Define and analysis of the regulatory framework for the Concentrated Fruit Juice industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Concentrated Fruit Juice market for the major region
- Major regions studied in the report include North America (the U.S and Canada), Europe (Germany, France, Italy, Spain, and United Kingdom), Asia-Pacific (China, Japan, India, and Australia), and the Rest of the World
- Company profiles of the Concentrated Fruit Juice market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry