Meticulous Research® has recently released a report titled “Juice Concentrates Market Size, Share, Forecast, & Trends Analysis by Type (Fruit {Citrus, Apple, Grape} Vegetable {Carrot, Tomato, Beetroot}), Ingredient, Form (Clear Concentrate), Nature (Organic), Application (Food & Beverage) – Global Forecast to 2031.” According to the report, the juice concentrates market is anticipated to reach $115.50 billion by 2031, growing at a CAGR of 6.1% from 2024 to 2031. This growth is primarily fueled by the increasing demand for convenience foods, a global emphasis on health & wellness, and continuous product innovations in juice concentrates.
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However, the market faces challenges from the growing consumer preference for Not From Concentrate (NFC) juices, which could limit the expansion of traditional juice concentrates. Nonetheless, opportunities abound due to the rising consumer interest in organic and natural food products, along with an increasing focus on plant-based and functional ingredients.
A key trend emerging in the market is the rising demand for premium and artisanal juice concentrates. Consumers are willing to pay more for high-quality, unique products, which has led to an upsurge in the production of craft juices and niche products that cater to health-conscious individuals.
Key Market Players: Leading companies in the market include Archer-Daniels-Midland Company (U.S.), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Südzucker Group (Germany), Döhler Group (Germany), Symrise AG (Germany), Tree Top, Inc. (U.S.), FruitSmart, Inc. (U.S.), Kanegrade Limited (U.K.), LEMONCONCENTRATE SLU (Spain), Sunnysyrup Food Co, Ltd. (Taiwan), CHB Group (Greece), and Prodalim B.V. (Netherlands).
The report provides an extensive segmentation analysis of the market based on type, ingredient, form, nature, application, and geography.
- By Type: The juice concentrates market is categorized into fruit juice concentrates and vegetable juice concentrates. Fruit juice concentrates are projected to lead the market with a 69.8% share in 2024, driven by strong demand for fruity flavors and natural beverages. Within the fruit segment, citrus fruit concentrates are expected to hold the largest share, benefiting from their refreshing taste and consumer preference for tangy, healthy juices.
- By Ingredient: Juice concentrates are segmented into single-ingredient and multi-ingredient concentrates. The multi-ingredient category is forecast to witness faster growth due to manufacturers experimenting with unique blends of fruits and vegetables, resulting in products that offer nutritional benefits and cater to consumers’ desire for diverse flavor combinations.
- By Form: Concentrates are available in clear, powder, and other forms. Clear concentrates are expected to command the largest market share in 2024, primarily due to their long shelf life and transparency in flavor, which appeal to consumers seeking natural and pure beverages.
- By Nature: The market is divided into organic and non-organic categories, with organic juice concentrates expected to grow at a higher rate. Increasing awareness of the health benefits of organic foods and a desire for sustainable, environmentally-friendly products are key factors driving this segment.
- By Application: Juice concentrates are predominantly used in the food & beverage industry. In 2024, the food & beverage segment is forecast to dominate the market with a 96% share. Juice concentrates are integral to a wide range of products, including soft drinks, dairy products, bakery items, and baby food, with growing demand for natural and functional beverages driving market expansion.
- Regional Insights: The juice concentrates market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is projected to grow at the fastest rate during the forecast period, with a CAGR of 7.3%. The growth in this region is supported by increasing urbanization, rising disposable incomes, and a shift towards natural and health-conscious foods, particularly in countries such as China, India, and Japan.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/juice-concentrates-market-5942
Key Questions Answered in the Report:
- What are the historical market sizes and growth rates of the juice concentrates market?
- At what rate is the juice concentrates demand projected to grow over the next 5–7 years?
- What are the major factors impacting market growth at the regional and country levels? What are the opportunities for existing players and new entrants in the market?
- Which segments, in terms of type, ingredient, form, nature, and application, are expected to create traction for the manufacturers in this market during the forecast period 2024–2031?
- What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the juice concentrates market during the forecast period 2024–2031?
- Who are the major players in the juice concentrates market? What are their specific product offerings in this market?
- What are the recent strategic developments in the juice concentrates market? What are the impacts of these strategic developments on the market?
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