The global juice concentrates market size is expected to reach USD 108.30 billion by 2030, according to a new study by Polaris Market Research. The report “Juice Concentrates Market Share, Size, Trends, Industry Analysis Report By Type (Fruit Juice Concentrates, Vegetables Juice Concentrates); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
These fruit drinks are concentrated versions of vegetables or fruit that have low water content. They have a longer shelf life and are less expensive as compared to drinks available in the industry. As an alternative to vegetables and fruits, they are utilized in various food industries such as sauces, bread items, confectionery, and soups.
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The increasing demand for these drinks of fruits and vegetables as flavoring agents in baby food products and indulgent bakery products is strengthening the overall growth. The global requirement for label-free products is pushing manufacturers to introduce sugar-free and preservative-free fruit drinks into the industry.
Manufacturers are investing significantly in research and development activities for developing new products to cater to the growing consumer demand. They are mainly produced using the thermal concentration technique, which reduces the water content from fresh vegetable or fruit drinks.
The technological advancements in fruit concentrate processing systems to minimize the changes in its nutritional, sensory, and textural properties are expected to further boost the growth of the industry over the forecast period.
Juice Concentrates Market Report Highlights
- The fruit segment is expected to grow during the forecast period owing to growing awareness regarding health and eating habits.
- The beverages segment is expected to grow at a significant rate during the forecast period owing to greater use of tea, energy drinks, and smoothies.
- The Asia Pacific is expected to grow exponentially over the forecasted period on account of the rising working population, sedentary lifestyle of consumers, and an increase in a number of quick service restaurants and food outlets in the region.
- The global juice concentrates colors market is highly competitive owing to the existence of large industry players with a global presence including Archer Daniels Midland Company, BMT Weiser LLC, Carolina Innovative Food Ingredients, Döhler GmbH, Encore Fruit Marketing, Inc, Flingo Foods and Agro P. Ltd, Iprona Spa, Kanegrade Ltd, Moleva, S.A, Kerry Group PLC, Milne Fruit Products, Muhtaroglu Group, Northwest Naturals, Sleaford Quality Foods, Tricom Fruit Products Limited, and Ventura Coastal, LLC.
Polaris Market Research has segmented the juice concentrates market report based on type, application, and region:
Juice Concentrates, Type Outlook (Revenue – USD Billion, 2018 – 2030)
Juice Concentrates, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Soups & Sauces
- Bakery & Confectionery
Juice Concentrates, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa