Meticulous Research®, a global leader in market research, has released a new report 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."
Request pdf @ https://www.meticulousresearch.com/download-sample-report/cp_id=5942
Market Overview
The report reveals that the juice concentrates market is expected to grow significantly, reaching $115.50 billion by 2031. This growth, at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031, is fueled by several factors, including the rising demand for convenience foods and an increasing consumer focus on health and wellness. Innovations in juice concentrate products also contribute to the market's expansion.
Market Drivers and Restraints
· Drivers:
- Convenience Foods: The busy lifestyles of consumers are driving the demand for convenient food options, including juice concentrates.
- Health & Wellness: There is a growing consumer interest in products that offer health benefits, which is boosting the juice concentrates market.
- Product Innovations: Advances and innovations in juice concentrate products are attracting more consumers.
· Restraints:
- Preference for NFC Juices: A growing consumer preference for Not From Concentrate (NFC) juices may limit the market growth of juice concentrates.
Market Opportunities and Trends
- Natural & Organic Products: Increasing demand for natural and organic food products is expected to create new opportunities in the juice concentrates market.
- Plant-based & Functional Ingredients: Consumers are showing a growing interest in plant-based and functional ingredients, which can drive market growth.
- Premium and Artisanal Juice Concentrates: The demand for high-quality, premium, and artisanal juice concentrates is emerging as a significant trend.
Key Players
The juice concentrates market features several key players, 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.)
Market Segmentation
The juice concentrates market is segmented based on type, ingredient, form, nature, application, and geography.
· Type:
- Fruit Juice Concentrate (e.g., citrus, apple, pineapple, grape, berry)
- Vegetable Juice Concentrate (e.g., carrot, cucumber, tomato, onion, beetroot)
· Ingredient:
- Single-Ingredient Juice Concentrate
- Multi-Ingredient Juice Concentrate
· Form:
- Clear Concentrate
- Powder Concentrate
- Other Forms
· Nature:
- Non-Organic
- Organic
· Application:
- Food and Beverage (e.g., beverages, dairy, bakery & confectionery, soups & sauces)
- Other Applications
· Geography:
- North America
- Europe
- Latin America
- Asia-Pacific
- Middle East & Africa
Conclusion
The juice concentrates market is on a robust growth trajectory, driven by the increasing demand for convenience foods, health-conscious consumers, and innovative products. While challenges such as the preference for NFC juices exist, opportunities in natural and organic products, as well as the rising trend of premium and artisanal juice concentrates, are poised to boost the market further.
Contact Us:
Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
