Juice concentrate is the residue after the water has been extracted from fruits or vegetables. This residue is pure syrup & has the highest concentration of the respective fruit or vegetable, making it different from diluted or regular juices. The nutritional value of juice concentrates is rich & has all the essential vitamins & minerals. Besides, when the water is removed from fruits/vegetables to attain their concentrated form, the syrup also reduces the possibilities of bacterial growth & fungal infection.
Moreover, juice concentrates have longer shelf life than regular juices, which makes them a popular choice among people. Their packaging, storage, and transportation costs are minimal, as the raw form requires better handling, which increases overall costs. As a result, more and more people are showing a greater inclination toward juice concentrates in their everyday lives, which projects a fruitful prospect for the industry in the nearer future.
The Global Juice Concentrates Market is projected to grow at a CAGR of around 5.97% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the mounting focus of people on healthy eating & their growing inclination toward adding juices to their diet. Besides, increasing consumer awareness about various health benefits of juice concentrates over regular juices, like longer shelf life, high nutritional value, convenience, & easy storage, among others, are further augmenting the popularity of juice concentrates and driving the global market.
|Study Period||Historical Data: 2017-20|
|Base Year: 2021|
|Forecast Period: 2022-27|
|CAGR (2022- 2027)||5.97%|
|Regions Covered||North America: The US, Canada, Mexico, Rest of North America|
|South America: Brazil, Rest of South America|
|Europe: Germany, The UK, France, Italy, Spain, Russia, Poland, The Netherlands, Rest of Europe|
|Asia-Pacific: China, Japan, India, Australia, South Korea, New Zealand, Indonesia, Malaysia, Thailand, Rest of Asia Pacific|
|Middle East & Africa: GCC, South Africa, Rest of Middle East and Africa|
|Key Companies Profiled||AGRANA Investment Corp, Archer Daniels Midland Company, Bell Flavors & Fragrances, Citromax, Carotex Flavors, Ciatti Company, Diana Group, Döhler, FruitSmart, Ingredion Incorporated, Others|
|Unit Denominations||USD Million/Billion|
In addition, as fast as the food & beverages sector is expanding and undergoing numerous experiments with new cuisines & drinks, juice concentrates are experiencing a burgeoning demand for both alcoholic & non-alcoholic products as well as becoming a popular choice in bakeries & restaurants as an ingredient in various dishes. Moreover, observing an escalating demand for juice concentrates, companies are actively participating in introducing a variety of new products in various quantities & packaging and with shelf life in order to expand their visibility & customer base across different regions in the world.
In the same line, they are also exemplifying a paradigm shift to digital platforms to offer more options to customers, along with great deals and doorstep deliveries, among others, thereby competing actively in the market. Furthermore, as more & more people are becoming aware of various health benefits of natural ingredients & the organic production of fruits/ vegetables, the significantly growing demand for naturally-derived juice concentrates projects remunerative prospects for the leading players operating in the Global Juice Concentrates Market over the forecast years.
Based on the Type,
Of both, Fruits are anticipated to dominate the Global Juice Concentrates Market with the largest share during 2022-27. It attributes principally to the massive consumption of fruits for nutrition in the form of juices, coupled with the versatility of fruits in different food & beverages, i.e., exemplifying an accelerating demand for fruit juice concentrates, especially across bakeries & confectionery, dairy, and cafes & restaurants, among others, to add fruity flavors to different cuisines. In addition, the immense popularity of fruit concentrates among alcohol consumers in different spirits & gins for making cocktails is another prominent aspect contributing to the growth of the Global Juice Concentrates Market for fruits.
On the other hand, vegetable juice concentrates are also gaining considerable momentum in the global market, principally due to the convenience of using them in various dishes, especially in the form of purees. Besides, vegetable juice concentrates are also used extensively in making soups & sauces and becoming a popular choice among people due to their easy preparation & availability.
Based on the Form:
Here, the liquid form of juice concentrates is anticipated to acquire the largest market share through 2027. It owes to its easy utilization & consumption, making the preparation much more convenient & easier, especially when there's a hectic schedule. Hence, it is consumed extensively by the working population with minimal or no time for food preparations.
Besides, as liquid concentrates also give a feeling of drinking fresh juice straight, more & more people choose them as their primary option for juice concentrates, thereby augmenting the overall expansion of the Global Juice Concentrates Market, with the active participation of the leading players in introducing new products in order to cater to the burgeoning consumer requirements and expand their customer base in the years to come.
On the other hand, powder concentrates are also experiencing a rising demand worldwide and are anticipated to contribute significantly to the overall market growth during 2022-27. It owes principally to their easy packaging & storage, coupled with the convenience of measuring & adding them to various food & beverages. Preparations like soups & sauces largely require juice concentrates in powdered form to add flavor & nutritional value. Besides, the growing awareness among people about the benefits of powdered concentrates like increased antioxidant properties & enhanced absorption capabilities in the body is further demonstrating a growing inclination toward powdered juice concentrates and stimulating the overall market growth.
Geographically, the Global Juice Concentrates Market expands across:
During 2022-27, the Asia-Pacific Juice Concentrates Market is anticipated to be the largest of all regions globally, principally due to countries like India, China, Japan, Australia, and New Zealand, among others, producing fruits & vegetables in abundance, which, in turn, is instigating companies to set up their manufacturing facilities across the region in order to cater to the growing needs of people.
Besides, a paradigm shift of consumers toward healthy eating habits has also shown an upward trend in demand for juice concentrates across different regional countries, the principal factors for which remain the hectic lifestyle and easy availability & convenience of these products. Moreover, observing the growing inclination toward plant-based food & beverages, several farmers are producing fruits & vegetables organically while indulging in organic production methods for juice concentrates in order to cater to the varied consumer demands, thereby driving the Juice Concentrates Market in Asia-Pacific.
On the other hand, Europe expects the fastest market growth throughout 2027, mainly on the back of the rising population with a hectic lifestyle & immense dependence on packaged food & beverages, i.e., augmenting the demand for juice concentrates among these people for fulfilling nutritional requirements. Besides, cultural richness in cuisines, coupled with the increasing tourist influx across the region, is another prominent reason behind the escalating demand for juice concentrates across restaurants, bakeries, cafes, etc., to add flavors to numerous food & beverages.
Key Questions Answered in the Market Research Report:
Frequently Asked Questions
A. The Global Juice Concentrates Market is projected to grow at a CAGR of around 5.97% during 2022-27.
A. Increasing health consciousness among people and minimal or no time for food preparation among the working population, i.e., augmenting the demand for fruit & vegetable concentrates for convenience and meeting nutritional requirements, are the primary factors driving the Global Juice Concentrates Market.
A. Fruits are anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Juice Concentrates Market over the forecast years.