A recent research study published by MarkNtel Advisors cites that the Global Juice Concentrates Market is expecting around 5.97% CAGR during 2022-27. The rapidly growing inclination of people toward healthy eating habits & maintaining the nutritional requirements of the body is the prime aspect accelerating the demand for juice concentrates globally, especially among people with a hectic lifestyle and minimum & no time for food preparation, mainly on account of the high nutrient value of fruits & vegetables in juice concentrates.
Besides, the emerging trends of experimenting with different flavors in various cuisines are also propelling the sales of juice concentrates across the food & beverage industry, i.e., also triggered extensively by the expanding tourism across different countries worldwide. In addition, the application of these concentrates is also largely seen in dietary supplements, cosmetics, and personal care products, owing to the richness of antioxidants, vitamins, & minerals in fruits & vegetables.
Moreover, juices concentrates are also gaining popularity among the younger population that actively focuses on fitness & healthy diet. It, in turn, has escalated an aversion toward processed synthetic ingredients and a mounting preference toward organically produced juice concentrates.
As a result, the major companies in the market are increasing their production & distribution capacities in order to expand their product portfolio & customer base across different regions worldwide, which projects remunerative prospects for the overall market expansion through 2027, further states the research report, “Global Juice Concentrates Market Analysis, 2022.”
Health Benefits of Powdered Juice Concentrates to Boost the Market through 2027
Powdered juice concentrates are likely to witness a significantly rising demand in the Global Juice Concentrates Market during 2022-27, mainly on account of their easy packaging & storage entwined with the convenience of measuring & adding them to various food & beverages.
Besides, they provide enhanced antioxidants & promote better absorption capabilities in the body, i.e., another prominent aspect accelerating the demand for powdered concentrates among people and stimulating the overall growth of the Global Juice Concentrates Market through 2027.
Abundant Production of Fruits & Vegetables to Drive the Asia-Pacific Juice Concentrates Market
Asia-Pacific countries like India, China, Japan, Australia, & New Zealand, among others, exhibit an abundant production of fruits & vegetables, i.e., generating remunerative prospects for several companies to establish their production units for processing juice concentrates and extending their supply chain capabilities.
Besides, a paradigm shift of consumers toward healthy eating habits, especially after the advent of Covid-19, is also portraying a mounting demand for juice concentrates across different countries in Asia-Pacific. While people of all age groups consume juice concentrates across the region, the younger working population is the most prominent end-user due to their easy availability & utilization for a longer time. Hence, these aspects are projected to lead Asia-Pacific to dominate the Juice Concentrates Market in the years ahead.
The major companies in the Global Juice Concentrates Market include AGRANA Investment Corp, Archer Daniels Midland Company, Bell Flavors & Fragrances, Citromax, Carotex Flavors, Ciatti Company, Diana Group, Döhler, FruitSmart, Ingredion Incorporated, Northwest Naturals LLC, Prodalim Group, Steinhauser Group, SunOpta, Sudzucker AG, SVZ International B.V., and Welch Foods Inc.
Key Questions Answered in the Research Report