Market Overview
Fruit juice is a non-fermented liquid extract obtained by squeezing fresh fruits, but most of the fruit juices are prepared by concentered juices or purees. Fruit nectar is a thick and viscous fruit juice. Fruit juices are categorized depending on the juice content, such as, juice (contains 99% juice content), nectar (contains 25-99% juice content), and juice drinks (contains up to 25% juice content). Fruit juices are as healthy as the fresh fruits. Low-cost involvement in logistics and storage, and high demand for fruit drinks, yogurt, ice cream, and baby food are primarily driving the global fruit juices and nectars market.
Fruit Juices and Nectars Market is projected to grow at a CAGR of 5% over the forecast period. Fruit juice is a non-fermented liquid extract obtained by squeezing the fresh fruit. However, most of the fruit juices are prepared from concentered juices or purees. Fruit nectar is a viscous-thick fruit juice. They are mostly used in the beverage and dairy food industry to manufacture fruit juices and fruit drinks. They are used as a substitute for sugar and artificial coloring agent in beverage and confectionary products. Since the products are easy to transport and store, it has increased the global fruit juices and nectars market.
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Furthermore, ill effects caused by consumption of fruit juices and fruit drinks with high fructose content is expected to restrict the growth rate of the market in the coming years. Considering these factors, Europe is projected to grow at a CAGR of 4.7 % during the forecast period 2017-2024.
Major Key Players
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major fruit juices and nectars market players. It further includes product portfolios, developments of leading players, which includes Kerry Group Plc (Ireland), Döhler Group (Germany), SkyPeople Fruit Juice Inc. (China), AGRANA Group (Austria), Kanegrade Ltd. (U.K.), China Haisheng Juice Holdings Co. Ltd (Hong Kong) and SunOpta, Inc. (Canada)
The global fruit juices and nectars market is segmented on the basis of application, fruit, and distribution channel. Based on the application, the use of fruit juices and nectars in the beverage industry holds a major share amongst the various applications. On the basis of fruit type, the orange holds the largest market share.
Segments
Global Fruit Juices and Nectars Market are segmented on the basis of applications, which includes beverages, dairy, food, bakery, confectionary, and others. Among all, the beverage industry holds the maximum share of the market owing to increasing popularity of fruit drinks. Furthermore, dairy and food products are the second most popular application in the global fruit juices and nectars.
The global fruit juices and nectars market is segmented on the basis of fruits, which includes apple, orange, grapes, pineapple, pear, and others. Among all, the orange fruit segment is experiencing a high growth due to high consumption and consumer preference for orange juice and other orange products.
The global fruit juices and nectars market has been segmented on the basis of distribution channel, which comprises of store based (supermarkets/hypermarkets, specialty retailers, convenience stores, and others), and non-store based (e-commerce). Sale through store based channels is dominating the market due to convenient one-stop shopping experience.
Regional Analysis
The global fruit juices and nectars market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). The European market is dominating the global fruit juice and nectar market followed by North America. In Europe, Germany and France are the major consumers of fruit juices and nectars, due to high demand for fruit drinks. Moreover, North America region is expected to grow in the fruit juices and nectars market owing to harmful effects of sugar and rising demand for fruit juices and other products during the forecast period 2017-2024.
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