The juice concentrate market size is projected to be valued at USD 57,618.0 million in 2023 and is expected to rise to USD 94,645.1 million by 2033. The sales of juice concentrate are expected to expand at a significant CAGR of 5.0% during the forecast period.
Various Factors Propelling the Demand for Juice Concentrate are
The growing demand for healthy and convenient foods is driving the global juice concentrate market. Fruit concentrate is a convenient and cost-effective substitute for fresh fruits in a variety of applications.
The growing demand for fruit concentrates as flavoring agents in baby food and indulgent bakery products is driving the market growth.
Manufacturers are introducing sugar-free and preservative-free fruit concentrates to the market in response to consumer demand for label-free products.
Fruit concentrates are mostly made by thermal concentration, which reduces the water content of fresh fruit juices. Technological advances in fruit concentrate processing systems to minimize changes in nutritional, sensory, and textural properties are positively influencing the market growth.
Certified Reference Material (CRM) for food and medicinal grade juice concentrate that meets ISO requirements is available from companies. Certified pharmaceutical secondary standards for quality control provide a practical and cost-effective alternative to pharmacopoeia primary standards for pharmaceutical laboratories and manufacturers.
| Attribute | Details |
|---|---|
| Juice Concentrate Market Estimated Size (2023) | USD 57,618.0 million |
| Juice Concentrate Market CAGR (2023 to 2033) | 5.0% |
| Juice Concentrate Market Forecasted Size (2033) | USD 94,645.1 million |
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As the health and wellness trend continues to grow, juice concentrates are becoming more popular. Unlike juices that are made from fruits and vegetables that have been juiced fresh, juice concentrates are made by extracting the juice from fruits or vegetables and then evaporating most of the water. This leaves a thick syrup that is high in nutrients and flavor.
There are many benefits to drinking juice concentrates. First, they are a great way to get your daily dose of fruits and vegetables. A small serving of juice concentrate can provide you with all the nutrients you need for the day. They are also a great source of fiber, antioxidants, vitamins, and minerals.
NFC or direct juices are a new trend in the beverage industry. They are made by adding a small, edible chip to a juice carton that can be scanned with a phone to unlock rewards and special content. NFC juices are designed to increase customer engagement with the product and provide an enjoyable experience that encourages repeat purchases.
For instance, the NFC juice line was launched by a company called Jus by Julie. The company was founded by Julie Workman, who is a health coach and author. She developed the line of juices because she wanted to create a product that was both healthy and convenient. All of the juices in the line are made with organic ingredients, and they are cold-pressed.
A significant factor that makes NFC juices unique is their packaging. The bottles are made with special tags that allow them to be scanned with a smartphone.
According to FMI's analysis, Juice Concentrate sales increased at a CAGR of 2.9% between 2018 and 2022.
Functional foods and beverages have made substantial inroads in recent years, with health-conscious, millennial consumer demographics displaying a great preference for balanced diets. Also, the use of juice concentrates in processed foods and beverages helps in the use of fructose instead of sucrose, making end products safe for diabetics, while also improving the texture and volume of end products, making juice concentrates a popular option in baking and confectionery sector as well.
While juice concentrates are sourced from both, vegetables and fruits, fruit-based variants are surging in popularity. This trend is unlikely to change, owing to consumer preferences for natural beverages, and the great scope of flavorings from fruit sources.
Fruit-based concentrates are finding roles in bakery and confectionery items owing to sweetener characteristics, which are not available in vegetable variants. Countries in the Middle East and Africa region have also been reflecting steady growth in demand, with manufacturers even producing multi-fruit concentrates at high-profit margins.
FMI expects the global juice concentrate market to thrive at 5.0% CAGR through 2033.
Principal Consultant
The rising trend of eating natural foods is the primary driver of the global juice concentrates market. Obesity, diabetes, and heart disease are the factors driving a shift in consumer demand away from aerated drinks towards fruit and vegetable juices. To meet the growing demand for clean-label food products, key manufacturers are launching innovative products. For example, in January 2019, Bosch Boden Spies introduced reduced-sugar cranberry juice concentrate to meet the growing demand in Germany for low-sugar, functional beverages.
The high fructose concentration in juice concentrates is expected to stifle market growth. The growing awareness about the negative health effects of high fructose consumption is expected to limit the growth of the global fruit concentrates market. The researchers are concentrating on the development of new techniques to address this problem. For example, in November 2018, Israeli researchers developed a new enzyme technology that can reduce sugar in fruit juice by up to 80%.
Fruit juice concentrates held a significant market share in 2022, while vegetable juice concentrates are expected to grow at a swift rate during the forecast period. Fruit drink concentrates are used in numerous industries, including bakery and confectionaries, food, beverage, and alcohol. Fruit drink concentrates, such as pear concentrates and apple concentrates, are used in the confectionery and bakery industries as sugar substitutes in the production of cookies, cakes, and pastries.
Wine-producing countries have a good market opportunity for the juice concentration market to grow. Furthermore, the fruit drink concentrate is a suitable and convenient replacement for carbonated soft drinks and beverages.
Given its ease of use and consumption, preparation is far more suitable and accessible, especially when time is of the essence. As a result, it is widely consumed by working people who have little or no time to prepare food. Solvents derived from fruits and vegetables, as well as plant extract, are available in liquid form. This liquid extract can be powdered or distributed in end-use industries for a variety of applications. The liquid form of juice concentrate is widely available because it requires the least amount of processing when compared to other forms.
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The North America market for fruit concentrates is primarily driven by the United States. This is due to the increased consumption of fruits, as well as consumers' increasingly hectic lifestyles, which increases the consumption of ready-to-drink products. Various manufacturers in North America offer fruit concentrates products that contribute to the growth of this market. The market is expected to expand further in both developed and developing regions. The growing demand for natural foods, as well as health and nutritional concerns about processed foods, drive the demand for fruit concentrates.
The United Kingdom is expected to grow rapidly due to increased demand from the beverage industry. Because of the region's hectic lifestyles, there is an increased demand for on-the-go fruit-based beverages. According to the European Centre for Import Promotion, the region is the world's prominent market for fruit juices. It accounts for 55% of global fruit juice imports. The robust growth trajectory of non-alcoholic fruit-based beverages is driving market growth in the region. The region's market is expanding due to rising demand for processed fruit-based beverages.
Rapid economic growth, combined with a rapid increase in individual consumption power, is driving the market growth. The desire for organic, healthy, and nutritious beverages is also fueling the market growth. Moreover, consumers' increasing disposable income and fast-food consumption propel the growth of this segment.
The region's demand for the industry has increased due to the high penetration of quick-service restaurants and increased consumption of soft drinks. Superior demand for healthy and organic food products has prompted market players to create new products that cater to consumers' local tastes.
Other factors contributing to the increase in demand for health supplement goods are economic expansion and rising personal income. A rising proportion of consumers now perceive health drinks as commonplace goods, rather than the high-end items and extravagant gifts they once were.
Juice concentrate producers are concentrating on diversifying their product offerings through innovation to serve various markets. Juice concentrate suppliers may find a market in the food and beverage sector, which also has a high demand for natural and organic goods.
Companies that make juice concentrates are focusing hugely on new technologies to improve product quality while also expanding distribution and production facilities.
Shimla Hills has built a solid research and development platform, where initiatives such as product and process improvements, sample production studies, flavor controls, shelf-life studies, and so on are used to innovate new products.
Aseptic technology, which has been identified as the future of the food and beverage industry, is used by ADM WILD Europe GmbH & Co. KG for high-temperature processing and cold-fill processing.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.0% from 2023 to 2033 |
| Base Year of Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and Volume in Units and F-CAGR from 2022 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and, Pricing Analysis |
| Key Segments Covered | By Product Type, By Form, By End Users, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | AGRANA Beteiligungs-AG; Company Overview; Product Portfolio; Financial Performance; Key Strategies; Recent Developments; Future Plans; Baor Products; CitroGlobe S.r.l.; Döhler GmbH; FIL Industries Private Limited; Fructrum GmbH; FruitSmart; H&H Products Company; Hermann Pfanner Getränke GmbH; Himalayan Food Park; Ingredion; Lizaz Food Processing; Old Orchard Brands, LLC. |
| Customization & Pricing | Available upon Request |
The global juice concentrate market is estimated to be valued at USD 57,618.0 million in 2023.
The juice concentrate market is likely to thrive at a CAGR of 5.0% from 2023 to 2033.
The juice concentrate market is projected to reach a valuation of USD 94,645.1 million by 2033.
India is projected to lead the juice concentrate market by 2033.
The market is valued at USD 57,618 million in 2023.
The market is expected to flourish at a CAGR of 5%
By 2033, the United Kingdom is anticipated to expand at a CAGR of 5%.
On-the-go consumption of food and rising health concerns increase demand.
The market is estimated to reach USD 94,645.1 million in 2033.
1. Executive Summary | Juice Concentrate Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2021 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Product Type 5.1. Fruit Juice Concentrates 5.2. Vegetables Juice Concentrates 6. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Form 6.1. Powder 6.2. Liquid 7. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Application 7.1. Beverage 7.2. Soups & Sauces 7.3. Dairy 7.4. Bakery & Confectionery 7.5. Others 8. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Rolling Hills Nut Company 16.2. Alldrin Brothers 16.3. Treehouse California Almonds, LLC 16.4. Oleander Bio, SA 16.5. Austrade, Inc. 16.6. Cannan Palestine 16.7. Shiloh Farms 16.8. Anthony's Goods 16.9. Hodgson Mill 16.10. King Arthur Flour Company, Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
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Juice Concentrate Market
