Market Scenario
Market Research Future (MRFR) analysed the global Juice concentrates market 2022 for the review period till 2030. By 2030, the global juice concentrates market can surge at decent CAGR to earn substantial revenue. The concentrated form of vegetable and fruit have reduced water content that curb investment for logistics and storage. The demand for dairy, fruit drinks, baby food, frozen desserts, and ice cream, those use juice concentrates, is observed to surge. Increase in juice concentrates for the preparation of confectionaries is observed. These are some major causes that can support the juice concentrates market to surge through the review period.
Juice Concentrates Market size is predicted to grow at a compound annual growth rate of a CAGR of 4.93 percent from 2022 to 2030, reaching USD 75,654.3 million.
The growing preference for fruit-based and non-alcoholic drinks by consumers due to their enriched taste and multiple nutritional benefits can boost the expansion of the global juice concentrates market insight across the review period. The rapid replacement of carbonated drinks with juices concentrates as they are healthy option can enhance the market expansion. Juice concentrates have essential minerals, thus is observed to gain traction among the working-class s they have nutrition deficiency due their hectic lifestyle and poor diet. This can also favour the market surge.
Key players
SunOpta, Inc. (Canada), AGRANA Investment Corp (Austria), Ingredion Incorporated (US), Archer Daniels Midland Company (US), Sudzucker AG (Germany), SVZ International B.V. (the Netherlands), Diana Naturals (France), and Doehler Group (Germany) are some prominent players in the world juice concentrates market that are enlisted by MRFR.
Market Segmentation
The segment study of the global juice concentrates market is done by form, type, and process. The type-based segment of the juice concentrates market are vegetables, blended, and fruit. The form-based segments of the juice concentrates market are frozen and liquid. The application-based segments of the juice concentrates market are bakery & confectionary, beverages, dairy & frozen desserts, and soups & sauces among others.
The launch of innovations that offer improved taste and are healthy, by leading marketer can promote the juice concentrates market overview surge through the review period. The rise in number of companies that are invested in research and developments to formulate better juice with new flavors and manufacturers focusing on introducing affordable juice concentrate can prompt the market surge across the review period. The application of production technologies that aid in producing concentrated juice with least remove of fiber of high nutritional value can also impact the market. Top advertisers promoting the juice concentrated market can also bolster the market expansion.
Regional Assessment
In North America, the juice concentrates market can rise owing to the surging awareness about the importance of vegetables and fruits intake in daily diet. Cooking is tedious and due to busy work schedule, consumption of vegetables become difficult, thus resulting in lack of nutrients for the body. Consume vegetable in form of juice is easy and convenient. These are causes that can favor the juice concentrates market in the region. In Europe, the rise in popularity of healthy and natural food ingredients can aid the regional juice concentrate market to surge. Key marketers in the region are observed to launch variety of products that have different combination of vegetables, fruits, and others as ingredients. This can increase sales of juice concentrates that can promote the market expansion through the review period in this region. In Asia Pacific, the market of juice concentrates can rise at the fastest-growing pace due to changes towards better eating habits and hike in per capita disposable income. The surge in spending power and increase in health concerns can contribute to the expansion of APAC juice concentrates market in the coming years.
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