Meticulous Research®, titled ‘Juice Concentrates Market Size, Share, Forecast, & Trends Analysis by Type (Fruit {Citrus, Apple, Grapes} Vegetable {Carrot, Tomato, Beetroot}), Ingredient, Form (Clear Concentrate), Nature (Organic), Application (Food & Beverage) - Global Forecast to 2031,’ projects that the juice concentrates market will reach $115.50 billion by 2031, growing at a CAGR of 6.1% from 2024 to 2031. Key drivers of this growth include the increasing demand for convenience foods, a focus on health and wellness, and innovations in juice concentrates. However, the preference for Not from Concentrate (NFC) juices may limit the market's growth.
Opportunities for market expansion include the rising demand for natural and organic food products and the growing interest in plant-based and functional ingredients. Additionally, the trend towards premium and artisanal juice concentrates is significant.
By Type
· Fruit Juice Concentrate: Includes citrus, apple, pineapple, grape, berry, and other fruit concentrates. The fruit juice concentrate segment is expected to hold a larger market share (69.8%) in 2024, with citrus fruit concentrates leading at 35.8%.
· Vegetable Juice Concentrate: Includes carrot, cucumber, tomato, onion & garlic, beetroot, and other vegetable concentrates.
By Ingredient
· Single-Ingredient Juice Concentrate
· Multi-Ingredient Juice Concentrate: Expected to grow at a higher CAGR due to innovations in creating unique and customized blends.
By Form
· Clear Concentrate: Expected to dominate the market due to demand for healthier and natural beverage products.
· Powder Concentrate
· Other Forms
By Nature
· Non-Organic
· Organic: Projected to grow at a higher rate, driven by health-conscious consumers and interest in sustainability.
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By Nature
· Non-Organic
· Organic: Projected to grow at a higher rate, driven by health-conscious consumers and interest in sustainability.
By Application
· Food & Beverage: Expected to hold the largest market share (96.0%) in 2024, with significant growth in natural and organic product demand.
· Other Applications
· By Geography
· North America
· Europe
· Asia-Pacific: Expected to grow at the highest CAGR (7.3%) due to increasing health consciousness and demand for natural food products.
· Latin America
· Middle East & Africa
Key Players
The market features several prominent companies, including:
· Archer-Daniels-Midland Company (U.S.)
· Ingredion Incorporated (U.S.)
· Kerry Group plc (Ireland)
· Südzucker Group (Germany)
· Döhler Group (Germany)
· Symrise AG (Germany)
· Tree Top, Inc. (U.S.)
· FruitSmart, Inc. (U.S.)
· Kanegrade Limited (U.K.)
· LEMONCONCENTRATE SLU (Spain)
· Sunnysyrup Food Co, Ltd. (Taiwan)
· CHB Group (Greece)
· Prodalim B.V. (Netherlands)
· Market Segmentation
Key Questions Answered in the Report
1. What are the historical market sizes and growth rates of the juice concentrates market?
2. At what rate is the juice concentrates demand projected to grow over the next 5–7 years?
3. What are the major factors impacting market growth at the regional and country levels?
4. What opportunities exist for existing players and new entrants?
5. Which segments are expected to create traction for manufacturers?
6. What are the key geographical trends?
7. Who are the major players, and what are their specific product offerings?
8. What recent strategic developments have occurred, and how do they impact the market?
9. For more detailed insights, download the sample report here: Download Sample Report
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