USD 70.26 billion
Report ID:
SQSG30I2019 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
94
|Figures:
76
Fruit Concentrate Market size was valued at USD 73.7 Billion in 2023 and is poised to grow from USD 77.31 Billion in 2024 to USD 77.31 Billion by 2032, growing at a CAGR of 4.9% during the forecast period (2025-2032).
The juice from concentrate is actually fruit juice. The sole distinction is that it was processed, meaning that after being extracted from the actual fruit (such as an orange or lemon), its water content was drained and then dried up to produce a powder. The concentrate is the name given to this juice in powder form. Evaporation has a positive impact on business since it makes actual fruit juice less bulky and less expensive to ship. The market for fruit concentrates worldwide is expanding mostly due to the increased popularity of eating natural foods. Juices made from fruits and vegetables are becoming more popular among consumers as obesity, diabetes, and heart disease cases rise. To meet the rising demand for clean-label food goods, the major manufacturers are launching creative new products.
For example, New Citrus Extract, a cutting-edge citrus extract technology from Kerry, the Taste & Nutrition business, provides all the flavor advantages and effects of conventional natural citrus products while yet qualifying as a "Natural Extract." This best-in-class extraction technology can be used on a variety of citrus fruits and has a wide range of applications, including alcoholic drinks like hard seltzers, malt beverages, mocktails, and flavored beers and spirits, as well as refreshing drinks like sparkling and still flavored waters, ready-to-drink teas, juice drinks, isotonic and energy drinks, and craft carbonated soft drinks (CSDs).
The COVID-19 pandemic had a significant influence on the expansion of the fruit concentrate market. The volume of fruit concentrate produced was impacted because of the temporary closure of the manufacturing facilities due to the severe limitations. The market expansion during this time period was affected by the labour scarcity that was seen as a result of the person returning to their homes. Additionally, the supply chain disruption caused a lack of raw materials and hampered the distribution of finished goods. For example, the number of container ships is presently 8% below average due to COVID-19 regulations such caps on crew changes, increased screening, required quarantines, and decreased demand. Disruptions to truck and container shipping fall somewhere in the middle. In Canada and the United States, commercial road transport in April was around 20% lower than typical. Truck traffic in Europe originally decreased by more than 50% in Spain, 46% in France, and 37% in Italy, but it has since rebounded. The overall distance traveled by trucks in Europe by the middle of April was 24% less than usual.
US Fruit Concentrate Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 70.26 billion
Largest Segment
Powder Concentrate
Fastest Growth
Liquid Concentrate
Growth Rate
4.9% CAGR
To get more reports on the above market click here to Buy The Report
Global Fruit Concentrate Market is segmented by source, application, distribution channel. Based on source, the market can be segmented Apple, Citrus Fruits, Pineapple, Grapes, Pear, Berries, and Others. Based on application, the market is segmented into Food & Beverages, Nutraceuticals & Supplements, Pet food, and Others. Based on distribution channel, the market is segmented into B2B, and B2C. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Fruit Concentrate Market Analysis by Fruit
In 2021, the global fruit concentrate market is predicted to be dominated by the apple segment. The sector will get more engaged as consumers become more interested in exotically flavored meals and drinks and have easier access to fresh fruit. The growing demand for apple concentrate will speed up the expansion of the segment because there are so many cakes, pastries, beverages, and other foods that include nutrients. For example, a total of 30 countries export apple juice concentrate to India. From the previous year, when the value was USD 9.62 million in 2017, the import of apple juice concentrate climbed by 39.6% to reach USD 7.47 million in 2020–2021 (Apr–Nov), and USD 13.43 million in 2018. Apple juice concentrate imports from India climbed 83.47 percent yearly between 2014 and 2018. In the fiscal year 2020–2021 (April–November), India imported apple juice concentrate worth $7.47 million, a decrease from $13.43 million in the previous year.
Following this, the banana segment is expected to see significant growth in the global fruit concentrate market during the forecast period. Demand for banana concentrates is anticipated to rise as a result of increased demand for sports beverages among athletes who value their high potassium, vitamin, and dietary fiber content. The use of sports and energy drinks has increased nationally in the United States over the past ten years, with the biggest increases among young individuals aged 20 to 34. Sports drinks and energy drinks were both regularly consumed by 31.0 percent and 18.8 percent of young adults, respectively. Sports drink usage was linked to increased use of sugar-sweetened soda, fruit juice, video games, and muscle-building supplements like creatine in both men and women. Men were more likely than females to report drinking sports drinks on a weekly basis (44.6 percent vs 19.9 percent), and similarly, males were more likely to report drinking energy drinks on a weekly basis (26.7 percent versus 12.2 percent).
Fruit Concentrate Market Analysis by Product Type
In 2021, the powdered segment held the largest share in the global fruit concentrate market. Juice concentrates are dehydrated into powder form using techniques including freeze- and spray-drying. This makes these items smaller by removing all of the water content. Numerous studies demonstrate a relationship between reduced inflammatory indicators and elevated antioxidant levels and concentrated powders of mixed fruits and vegetables. Although it is a normal biological reaction, persistent inflammation has been related to numerous illnesses, including diabetes and cancer. Anti-inflammatory ingredients in meals, such as those present in various juice concentrates, may thus aid in the prevention of this illness.
There are 10.9K fruit concentrate export shipments coming from 194 Suppliers throughout the world. South Korea, China, and Panama are the top 3 fruit concentrate exporters worldwide. Fruit concentrate is exported by South Korea the most (2,021 shipments), China comes in second (1,714), and Panama comes in third (993 shipments). The rise in these exporters is expected to boost the growth of the global fruit concentrate market during the forecast period.
Fruit Concentrate Market Analysis by Application
The global fruit concentrate market has the largest market share for drinking items in 2021, followed by bread goods. Fruit concentrates offer wholesome nutritional content, flavor, sweetness from nature, and color. The market for fruit concentrate puree is anticipated to grow faster than average due to the rapidly rising demand for handmade and artisanal alcoholic drinks. The market share will grow as the number of brewers and experimental alcohol use both rise. The sector will get more involved as millennials drink more alcoholic beverages as the variety of perfumed alternatives, including fruit beer and cocktails, expands. According to research, 65 percent of Gen Xers and 72 percent of Boomers reported drinking alcohol, compared to 53 percent of Millennials.
To get detailed analysis on other segments, Request For Free Sample Report
North America has the greatest share in the global fruit concentrate market. The United States dominates the North America fruit concentrate market. This is because customers are consuming more ready-to-drink goods and eating more fruits in concentrated form in a wide range of food and beverage items. Products made from fruit concentrates are offered by a number of producers in North America, which contributes to the market's expansion. Both established and emerging regions are expected to continue to see market expansion. For example, the Taiyo Kagaku Co. Ltd., a regional food manufacturer, is selling its fruit preparations division to the fruit, starch, and sugar conglomerate AGRANA, which is expanding its footprint in Asia. The fruit preparations made by AGRANA are made using premium fruit that is either puréed or diced and utilized in dairy products, ice cream, and bakery goods. These goods are uniquely created by AGRANA based on tight client cooperation during the development process.
It is anticipated that increased use of fruit concentrates in a range of food and beverage items would spur the global fruit concentrate market expansion in Europe. Working-class consumers' hectic lifestyles and changes in consumer behavior have left people's bodies deficient in nutrients and antioxidants, which help with a variety of hair, heart, skin, and other health-related issues. Juice concentrates are more in demand as a result of these causes since they include the minerals and nutrients that customers' bodies need. For instance, 50 to 70 percent of the population has insufficient amounts of vitamin D in their blood, making vitamin D insufficiency a serious issue throughout Europe. The specialists examined the illnesses and problems linked to vitamin D insufficiency and advised postmenopausal women to take supplements. These professionals assert that vitamin D supplements enhance bone mineral density, enhance neuromuscular function, and lower the risk of fracture.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Fruit Concentrate Market Driver
Fruit Concentrate Market Restraint
Request Free Customization of this report to help us to meet your business objectives.
The global fruit concentrate market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions. For example, the largest flavor and nutrition firm in the world, Kerry, has constructed a brand-new, cutting-edge facility in Jeddah, Saudi Arabia, measuring 21,500 square feet. This new facility, which is Kerry's largest in the Middle East, North Africa, and Turkey (MENAT) region, is one of the most modern and effective in the world and will produce delicious, nourishing, and sustainable food ingredients that will be distributed throughout the Middle East. The company has invested more than €80 million in the area over the past four years.
Top Players in the Global Fruit Concentrate Market
Fruit Concentrate Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global fruit concentrate market analysis, in terms of fruit, the apple segment held the largest share in the global fruit concentrate market due to the growing demand for apple concentrate that will speed up the expansion of the segment because there are so many cakes, pastries, beverages, and other foods that include nutrients. By product type, the powdered segment held the largest share in the global fruit concentrate market due to numerous studies demonstrating a relationship between reduced inflammatory indicators and elevated antioxidant levels and concentrated powders of mixed fruits and vegetables. And, by region, the North American region held the largest share in the global fruit concentrate market. This is because customers are consuming more ready-to-drink goods and eating more fruits in concentrated form in a wide range of food and beverage items.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 70.26 billion |
Market size value in 2031 | USD 73.7 billion |
Growth Rate | 4.9% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Fruit Concentrate Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fruit Concentrate Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fruit Concentrate Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fruit Concentrate Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQSG30I2019
sales@skyquestt.com
USA +1 351-333-4748