Fruit Concentrate Market Size, Share, Growth Analysis, By Source(Apple, Citrus Fruits, Pineapple, Grapes), By Application(Food & Beverages, Nutraceuticals & Supplements, Pet food, and Others), By Distribution Channel(B2B, and B2C), By Region - Industry Forecast 2024-2031

Global Fruit Concentrate Market size was valued at USD 70.26 billion in 2019 and is poised to grow from USD 73.7 billion in 2023 to USD 73.7 billion by 2031, growing at a CAGR of 4.9% in the forecast period (2024-2031).

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. 'Agrana Beteiligungs AG', 'Archer Daniels Midland Company', 'Ingredion Incorporated', 'Diana Food', 'Sudzucker AG', 'Doehler GmbH', 'SVZ International B.V.', 'SunOpta Inc.', 'Tree Top Inc.', 'Kerry Group plc', 'Coca-Cola Co.', 'Welch Foods Inc.', 'Capricon Food Products India Ltd.', 'Kerr Concentrates Inc.', 'Lemon Concentrate S.L.', 'Tianjin Kunyu International Co. Ltd.', 'H&H Products Company', 'Blue Pacific Flavors', 'Northwest Naturals', 'Schare & Associates Inc.'

The demand for fruit concentrate has expanded globally along with the demand for health-related products. Fruit-flavored beverage products are in high demand from customers as health consciousness has spread around the world. Fruit concentrates are a practical and acceptable substitute for aerated and carbonated beverages. The customer's active lifestyle has also boosted the need for simple-to-consume foods and drinks, which has led to a growth in the development of nutritious and convenient beverage items. The market has grown primarily as a result of rising demand for accessible and healthful foods, changes in lifestyle, urbanization, and disposable income. Fruit concentrates are the most affordable and practical replacement for fresh fruits for a number of purposes.

More natural and nutritious food is becoming increasingly popular throughout the world as a result of rising rates of obesity, diabetes, and heart disease as well as health food fads. As a result, fruit concentrate is being used more often as a replacement for refined sugar in a range of products, including juices, cakes, desserts, chocolates, and confectionery goods. For diabetics, fructose in fruit concentrate is a better option than sucrose since it has a lower glycemic index. Moreover, because fructose draws more water than granulated sugar, baked items created with it will not only be sweet but also very moist. Fruit concentrate is a very appealing natural alternative to sugar in the baking business because of the benefits of fructose.

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.