Research report presented by UnivDatos, Emphasis on Product Type (Liquid Concentrate, Powder Concentrate, and Others), Fruit Type (Orange, Apple, Mango, Mixed Fruits, and Others), Application (Beverages, Bakery, Confectionery, Dairy, and Others) and Geographical analysis (key regions and country).
According to the research report, the Global Concentrated Fruit Juice Market will surpass a market valuation of more than US$ 108 billion by 2027, expanding at a moderate CAGR of around 8.1 percent during the forecast period (2021-2027). An increase in the demand for healthy food from health-conscious consumers, including a preference for more organic beverages over carbonated beverages that are free of added sugar, artificial flavors, and preservatives.
The market for concentrated fruit juices has grown significantly in recent years, owing to a surge in demand from the fashionable consumer for authenticity and natural health. Concentrated fruit crush is made by removing all of the excess water from the fruits; the remaining juice is more concentrated than the original and contains more nutrients.
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As concentrated fruit juice is used as an alternative to sugar and as a natural sweetener in many food recipes, rising awareness about the harmful effects of sugar is contributing to the growing demand. Furthermore, increasing R&D investments by companies, as well as lower transportation and cold storage costs, would all contribute to the corporate's growing market during the forecast period.
A continuous launch of products that have no negative impact on health is gaining traction with end-users, and thus the market is emerging as end-users are more focused on the health risks of a high-sugar diet. Furthermore, the government's regulations governing the content and amount of sugar in juice serve as a growth catalyst for the industry.
A rise in consumer income, as well as changing food preferences, is acting as a growth catalyst for the industry. According to the OCED, household income in Australia, Canada, Denmark, Germany, and Mexico increased by 4.39 percent, 2.11 percent, 1.67 percent, 1.77 percent, and 2.76 percent in 2019. Furthermore, rising import-export trades of fruits as a result of rising demand Concentrated are contributing to the market's expansion. According to a study, lemon and other citrus juice may be a widely traded commodity, with the share of exports in total global output increasing from around 72 percent in 2007 to around 86 percent in 2019.
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The global Concentrated Fruit Juice market is very fragmented. the supply of various global and native players across regions makes the industry highly competitive. The key players with a substantial market share within the industry are Kanegrade Ltd, Kerry Inc., Archer Daniels Midland Company, Südzucker AG, Ingredion Incorporated, Dohler GmbH, SunOpta Inc, Südzucker AG, Agrana Beteiligungs AG, SVZ Industrial Fruit, and Vegetable Ingredients, and Skypeople fruit juice Inc, etc. Several M&As alongside partnerships are undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented within the Report
“Amongst Fruit Type, Orange is predicted to dominate the market during the analyzed period”
Based on the market segment by fruit type, the market is segmented into orange, apple, mango, mixed fruits, and others. In 2019, the orange segment grabbed the main market share and dominated the market. The market share is witnessing an uptick due to the rising imports of fruit juices is formed from concentrated orange juice in Europe. However, the apple and mixed fruit segment would grow at a substantial CAGR during the forecast period.
“Amongst product type, liquid concentrate segment holds the main share”
The market is divided into liquid concentrate, powder concentrate, and others based on product type. The liquid concentrate segment dominated the market in 2019 with a nearly 40% share and is expected to maintain its dominance throughout the forecast period. However, the facility segment would experience a significant CAGR during the forecast period due to benefits such as longer time period, ease to hold etc.,
“North America represents one among the most important markets of Concentrated fruit juice market”
An in-depth analysis was conducted for various regions around the world, including North America (the United States, Canada, and thus the remainder of North America), Europe (Germany, France, Italy, the United Kingdom, Spain, and the remainder of Europe), Asia-Pacific (China, Japan, India, Australia, and the remainder of APAC), and rest of world. North America dominated the market and grabbed around 50% market share due to rising consumption of concentrated fruit crush market. As per a study, the country with the very best volumes of consumption of concentrated oranges and other citrus juice in 2019 was the U.S. (31K tonnes).
“Amongst Application, the beverage segment accounts for highest revenue share”
The market is divided into drinks, bakery, confectionery, dairy, and other categories based on the application form. In 2019, the beverage segment commanded the highest sales share, accounting for 25% of the overall market. During the forecast period of 2021-2027, however, the bakery segment is expected to have the highest CAGR.
The Concentrated Fruit Juice Market can be further customized based on the requirements or other market segments. Aside from that, UMI understands that you may have your own business needs, so please contact us if you want a report that is completely tailored to your needs.
Table of Contents
1 Market Introduction
2 Research Methodology
3 Industry Performance
4 Executive Summary
5 Market Insights by Product Type
6 Market Insights by Fruit Type
7 Market Insights by Application
8 Market Insights by Region
9 Concentrated Fruit Juice Market Dynamics
10 Demand and Supply Side Analysis
11 Value Chain Analysis
12 Concentrated Fruit Juice Market Opportunities
13 Concentrated Fruit Juice Market Trends & Insights
14 Competitive Scenarios
15 Company Profiled- Kanegrade Ltd, Kerry Inc., Archer Daniels Midland Company, Südzucker Ag, Ingredion Incorporated, Dohler Gmbh, Sunopta Inc, Südzucker Ag, Agrana Beteiligungs Ag
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