The demand within the global market for juice concentrate has been rising on account of the growth of the beverages industry. Several new products have been added to the portfolio of the beverages sector, and this is a key consideration while gauging market growth. The presence of juice concentrate in multiple beverages as well as foods has played an integral role in market growth. The past decade has been an era of advertising genius in food marketing which has in turn propelled demand within the global market for juice concentrate. Juice concentrate is manufactured via several processes including crushing and powdering of vegetables and fruits. The final products obtained via this process is subjected to other natural reactions which gives the juice concentrate The global market for juice concentrate is projected to expand at a rapid pace as new food and beverages products pervade the markets.
The global market for juice concentrate is projected to grow at a steady CAGR of 3.4% over the period between 2017 and 2025. Furthermore, the cumulative value of the global juice concentrate market was US$89.56 bn in 2016, and is expected to touch a value of US$117.89 bn by 2025. The demand dynamics of the global juice concentrate market are expected to improve as new food processing technologies emerge in the industry.
Transparency Market Research (TMR) published a report on the global juice concentrate market that gives a clear view of the force and trends that have aided market growth. The reports segregates the various parameters on which the juice concentrate market has been segmented. Furthermore, the report also gives a peek into the geographical dynamics of the global juice concentrate market.
Use of Juice Concentrate for Beverages to Gather Momentum
The global market for juice concentrate can be segmented on the basis of application. The key application segments for the juice concentrate market are beverages, sauces and soups, bakery products, dairy products, and confectionery. The demand for juice concentrate in the beverages sector has been increasing at a rapid pace in recent times. Based on distribution channel, the global market for juice concentrate is segmented into online distribution channels and offline distribution channels. Offline distribution channels are further segmented into supermarkets and hypermarkets, and departmental stores. The two types of juice concentrates are vegetable juice concentrate and fruit juice concentrate. On the basis of form, clear concentrate, powdered concentrate, and frozen concentrate are the key segments.
North America to Attract Increase Demand
On the basis of geography, the global market for juice concentrate is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. The matured food and beverages industry in the US and Canada has impelled demand within the juice concentrate market in North America. Furthermore, the market for juice concentrate in Asia Pacific has also expanded at a stellar rate as international products glut the Indian and Chinese markets.
Some of the key players in the global juice concentrate market are Ingredion Incorporated, Diana Food, SkyPeople Fruit Juice Inc., AGRANA Group, and Sunopta Inc.
Global Juice Concentrate Market: Overview
Global analysis of the juice concentrate market along with the various segments and sub-segments have been considered under the scope of this report providing data for the forecast period of 2017-2025. Different types of juice concentrates are prepared using the method of concentration through reduction in the water content. These are a more condensed and concentrated form of juices that can be both fruit and vegetable. These juice concentrates achieved through heat treatment have a comparatively longer shelf life and in general are considered to be more cost effective as compared to the normal juices. This report takes into consideration the various trends associated with juice concentrates globally. This market has shown a steady growth that can be the due to the rising popularity of alcoholic and non-alcoholic fruit drink products, yogurt, ice cream, baby food etc. Moreover, the influx of new low calorie food and beverage products along with rise in health consciousness and awareness among customers especially in the developing economies have been a few key drivers to impact the overall markets along with giving it the boost for growth.
Various trends and growth factors to have an impact over the demand for this market has been considered within this report. Competitive profiling of manufacturers that are present within this market along with various strategic overview has been covered here in this report. In addition to this, the drivers, challenges along with opportunities are profiled here within this report further giving a detailed review regarding the scope of this market in present and future. Market attractiveness of various segments and sub-segments both globally and region wise has also been covered here.
Global Juice Concentrate Market: Market Dynamics
Rise in popularity of convenience and beverage products have been a key driver for this market. Changes in eating patterns coupled with busy lifestyles have resulted in the growth of global juice concentrates market. Additionally, it is the innovation in flavors and nutritional content along with growing investment by different multinational companies especially in the beverage sector have also resulted in boosting the demand for this market. Besides this, it is the Increasing consciousness about health in developed and developing countries have further pushed the market in demand in a positive way. There has been and increasing consciousness about proper health in addressing lifestyle risks that has impacted this market as well. Considering these drivers that has positively driven this market, it is the lack of awareness regarding benefits of juice concentrates among consumers that has negatively impacted this market. Furthermore, since most of the diabetic population is susceptible to adverse health issues, there has also been certain amount of mind blockage associated with consumption of sweetened food items that has also negatively impacted this market. It is expected that the demand for juice concentrates will grow as a result of demand for more healthy products especially for the developing countries.
Global Juice Concentrate Market: Market Segmentation
The global juice concentrate market based on type has been segmented into fruit juice concentrate and vegetable juice concentrate. This market has been segmented further into form that includes clear concentrate, frozen concentrate and powdered concentrate. Based on distribution channel, this market has also been classified into online distribution channel and offline distribution channel. The offline distribution channel then has been segmented into super markets & hyper markets, departmental stores and others. Furthermore, on the basis of applications this market comprises of beverages, soups & sauces, dairy products, bakery products, confectionery products and others. Geographically, regions that are considered within this report comprises of Asia Pacific, North America, Europe, Latin America and Middle East & Africa. This market has been tracked on the basis of revenue where data is provided in USD billion along with the respective CAGR both on global as well as regional basis for the forecast period of 2017-2025.
Global Juice Concentrate Market: Competitive Landscape
Some of the leading players in the global Juice Concentrate market are Archer Daniels Midland Co. (U.S.), Ingredion Incorporated (U.S.), Dohler Company (Germany), SkyPeople Fruit Juice Inc. (China), AGRANA Group (Austria), Diana Food (France), Sunopta Inc. (Canda), SVZ International B.V. (Netherlands), Kanegrade Limited (UK) and The Ciatti Company (U.S.) among others.
The market has been segmented as follows:
Global Juice Concentrate Market, by Type:
- Fruit Juice Concentrate
- Vegetable Juice Concentrate
Global Juice Concentrate Market, by Form:
- Clear Concentrate
- Frozen Concentrate
- Powdered Concentrate
Global Juice Concentrate Market, by Distribution Channel:
- Online Distribution Channel
- Offline Distribution Channel
- Super Markets & Hyper Markets
- Departmental Stores
Global Juice Concentrate Market, by Application:
- Soups & Sauces
- Bakery Products
- Dairy Products
- Confectionery Products
Global Juice Concentrate Market - By Region:
- North America
- Rest Of North America
- The UK
- Rest Of Europe
- Asia Pacific
- Rest Of APAC
- Middle East and Africa (MEA)
- South Africa
- Rest Of MEA
- Latin America
- Rest Of Latin America