Global COVID-19 Pandemic Impact on Apple Juice Concentrate Market is likely to touch USD 2, 139.1 million at a 4.3% CAGR between 2020 – 2025, according to the new report by Market Research Future (MRFR). Apple concentrate is a highly versatile ingredient which is used as a sweetener or for improving the taste of various foods such as beverages, sauces, fruit snacks, candies, jams, jellies, and frozen novelties. This has wide applications in dips and spreads, sauces, beverages, bakery and confectionery, dairy and frozen desserts, and others.
Various factors are propelling the global apple juice concentrate market growth. As per the latest MRFR report, such factors include increasing consciousness about health, growing use as a sugar substitute in bakery products, the increasing popularity of convenience food and beverage, and burgeoning demand for natural plant-based ingredients. Besides, the growing introduction of non-GMO apple concentrate, surging demand for non-GMO apples worldwide due to decent yield and economic cost, & growing consumer awareness about the different health benefits of apple concentrate are also adding market growth. With social distancing and lockdown due to the COVID-19 outbreak, the demand for food and beverages that have longer shelf-life has increased. This, in turn, is having a noteworthy effect on the global apple juice concentrate market growth.
On the contrary, the burgeoning demand for cold-pressed juices and not from concentrate (NFC) is likely to limit the global apple juice concentrate market growth over the forecast period.
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Key players profiled in the Global COVID-19 Pandemic Impact on Apple Juice Concentrate Market Report include Lemon Concentrate S.L. (Spain), Tree Top, Inc. (US), Sonnländer (Germany), Louis Dreyfus Holding B.V. (Netherlands), Döhler (Germany), Ve.Ba. Cooperativa Ortofrutticola S.C. (Italy), Welch’s (US), H&H Products Company (US), and Ingredion Incorporated (US).
The MRFR report provides an inclusive segmental analysis of the global apple juice concentrate market report based on application and type.
By type, the global apple juice concentrate market is segmented into clarified, de-ionized, and cloudy. Of these, the clarified segment will lead the market over the forecast period. This will be followed by the de-ionized segment that is predicted to grow at the highest CAGR of 4.6% CAGR. De-ionized apple juice concentrate is widely used in various applications, particularly as alternative table sugar or as a natural sweetener. It is processed for removing the naturally occurring colors, acids, and flavors that leave behind a colorless product having natural sugar from the fruit.
By application, Global COVID-19 Pandemic Impact on Apple Juice Concentrate Market is segmented into dips and spreads, sauces, beverages, bakery and confectionery, dairy and frozen desserts, and others. Of these, the beverages segment will dominate the market over the forecast period. Apple juice concentrate is increasingly used in a couple of beverages such as coffee and tea, Apple Juice Concentrates and wines, beers, shelf-stable juices, refrigerated juices, and smoothies. The burgeoning demand for fruit-based beverages having low calories and natural sugar is boosting the growth of the segment.
Based on the region, the global apple juice concentrate market report covers the recent trends and growth opportunities across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, Europe is anticipated to dominate the market over the forecast period. It is likely to touch USD 660.2 million by 2025. Germany has the maximum share in the region.
The global apple juice concentrate market in the APAC region is predicted to grow at the highest CAGR over the forecast period. Growing demand for fruit-based food products and beverages are adding to the global apple juice concentrate market growth in the region.
The global apple juice concentrate market in North America is likely to have favorable growth over the forecast period.
The global apple juice concentrate maket in the RoW is predicted to have sound growth over the forecast period.
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