Concentrated Fruit Juice Market Report - Industry Size and Global Share 2021: Business Expansion Strategies, Growth Dynamics, Opportunities and Challenges Forecast to 2027
Global Concentrated Fruit Juice Market is expected to exceed the market valuation of more than US$ 108 billion by 2027 expanding at a reasonable CAGR of around 8.1% during the forecast period (2021-2027). A rise in the demand for healthy food from health-conscious consumers coupled with the consumer’s preference for more organic beverages over carbonated drinks which are free from added sugar and artificial flavors and preservatives.
The rising prevalence of the disease worldwide is
leading to a shift towards the increasing consumption of juices as several
kinds of juices are prescribed and suggested for different medical advantages
For instance: watermelon juice to keep
the body hydrated and improves digestion, avocado juice supports characteristic
vitality in the body, papaya juice
caters sound assimilation, lemon juice for
battling with viral contaminations, and pineapple juice helps in diminishing cholesterol
levels. As per a study, the Incidence
of Diseases responsible for the shift towards fruit juice consumption in China,
India, Indonesia, Malaysia, and Vietnam are 8%, 9%,13%, 14%, and 11% respectively. Also, the
global consumption of fruit juice and fruit nectar in 2018 reached 36,247 up
from 35,934 in 2017, revealed by Fruit
juice Focus.
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Furthermore, rising disposable income among
end-users coupled with rising awareness among millenniums about the health
benefits of concentrated fruit juice is the key contributing factor for the
market growth. Moreover, the rising
demand from the beverage industry coupled with the reduced logistical &
storage cost fuel the demand for the global concentrated fruit juice market. Concentrated
fruit juice is 3 to 7 times more concentrated than the initial juice and is
widely used in the beverage industry. Moreover, the rising organic fruit
production across countries is leading to the growing production of
concentrated fruit juices and the market is witnessing an uptick. As per a
report by United Nations, the major organic markets are expected to grow with
growth rates between 10 to 30% or even more in the next 5 to 10 years.
Based on Product Type, the market is fragmented into
Liquid Concentrated, Powder Concentrate, and Others. The liquid concentrates dominated the market
and grabbed more than 40% market share in the industry. The market share of the
liquid concentrates is emerging owing to the rising demand for reconstituted
juice as they are intently used in the production of the same.
Based on the fruit type, the market is fragmented
into orange, apple, mango, mixed fruits, and Others. The orange segment grabbed the major market
share and dominated the market flowed by apple and mix fruits. The segment
grabbed around 62% market share in 2019. The market share of the orange segment
is proliferating owing to the growing demand for juices due to its properties
such as rich in vitamin A, vitamin C, calcium, and iron. However, the apple
segment is expected to witness the highest CAGR during the forecast period of
2021-27.
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Based on the application, the market is fragmented
into beverages, bakery, confectionary, Dairy, and others. The beverage segment grabbed
the major market share and dominated the market. The beverage segment is
escalating owing to the growing interest in the food and beverage industries
due to increasing consumer demand around the world. One of the largest food
processing industries is the beverage industry. In 2017 Americans consumed just
20 liters of juice a year. However,
the bakery segment is expected to witness a considerable market share in the forthcoming
years.
Additionally, the report
provides detailed initiatives that are being taken in the field of Concentrated
Fruit Juice. The market is classified into distinct regions including North
America (the U.S and Canada), Europe (Germany, France, Spain, Italy, and United
Kingdom), Asia-Pacific (China, Japan, India, and Australia), and the Rest of
the World. North America dominated the market, and the same trend of dominance
is expected in the coming years as well.
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Archer Daniels Midland
Company, Ingredion Incorporated, Dohler GmbH, SunOpta Inc, Südzucker AG, Agrana
Beteiligungs AG, SVZ Industrial Fruit, and Vegetable Ingredients, Kanegrade
Ltd, Kerry Inc., and Skypeople Fruit Juice Inc, etc., are some of the prominent
players operating in the global concentrated fruit juice market. Several
M&As along with partnerships have been undertaken by these players to
develop a new juice category in the market.
Global Concentrated Fruit Juice
Market Segmentation
Market Insight, by Product Type
- Liquid Concentrate
- Powder Concentrate
- Others
Market Insight, by Fruit Type
- Orange
- Apple
- Mango
- Mixed Fruits
- Others
Market Insight, by Application
- Beverages
- Bakery
- Confectionary
- Dairy
- Others
Market Insight, by Region
- North
America
- United
States
- Canada
- Rest
of North America
- Europe
- France
- Germany
- Italy
- Spain
- United
Kingdom
- Rest
of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest
of Asia-Pacific
- Rest of
World
Top Company Profiles
- Archer Daniels
Midland Company
- Ingredion
Incorporated
- Dohler
GmbH
- SunOpta
Inc.
- Südzucker
AG
- Agrana
Beteiligungs AG
- SVZ
Industrial Fruit and Vegetable Ingredients
- Kanegrade
Ltd
- Kerry
Inc.
- Skypeople
Fruit Juice Inc.
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