Market Overview
Global Juice Concentrates Market are equally nutritious as other juice options available in the market. Full of antioxidants, juice concentrates are consumed, across the world, to maintain good health. Considering the increasing consumption of concentrated orange juice and concentrated cherry juice, along with other juice concentrates of aloe vera, coconut, gooseberry, bitter gourd, and bottle gourd, etc., the market is expected to escalate exponentially soon. Owing to a range of health benefits that juice concentrates offer alongside the convenience of availability, the market enjoys increasing traction throughout the year. Besides, the rising popularity of juice concentrates is spurring the increase in market demand globally.
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Additional factors that drive the Juice Concentrate Market growth include the demand for healthy alternatives to carbonated beverages and change in the lifestyle led by the trend of adopting a healthy lifestyle. Also, the recent trend of body detoxification with juice consumption, which is rising continually with the growth in numbers of health-conscious populace across the globe, impacts the market growth, positively.
On the other hand, the rising popularity of not-from-concentrate juices is expected to impede the growth of the global juice concentrate market. Nevertheless, increasing awareness about the benefits of a healthy lifestyle would support the growth of the worldwide juice concentrate market over the next few years. Organic juice concentrates are the current trend observed in the market. Another proliferating trend is concentrated orange juice. It is increasingly consumed by people as it helps in building metabolism, strengthens the immune system, and solves gastric issues that are arisen due to today’s unhealthy lifestyle and for which consumers are trying to find natural remedies.
Competitive Analysis
Highly competitive, the global juice concentrate market appears to be fragmented due to the presence of many large and small key players. To gain a substantial competitive advantage in this market, players incorporate strategies, such as mergers & acquisitions, collaboration, expansion, and technology launch. Manufacturers strive to develop state-of-the-art production facilities where they can make all their products from carefully sourced raw materials right in their in-house facility.
Major Players
Players leading the Juice Concentrate Market, include Archer Daniels Midland Company (US), AGRANA Investment Corp (Austria), Ingredion Incorporated (US), SunOpta, Inc. (Canada), Sudzucker AG (Germany), Diana Naturals (France), Doehler Group (Germany), and SVZ International BV (the Netherlands), among many others.
Industry/ Innovation/ Related News
November 20, 2019 – Universal Corporation (the US), leading processing & suppliers for agri-products, announced the acquisition of FruitSmart (the US), an independent specialty fruit & vegetable ingredient processor serving global markets. The acquisition aligns with the stated capital allocation strategy of Universal Corporation. It is expected to provide the company with new growth opportunities in adjacent industries and represents a foundational step in building a broader agri-products services platform.
Universal Corporation confirmed that it has been identifying a pipeline of strategic opportunities in adjacent markets around its core strengths. Leveraging its highly localized rural infrastructure to source and process high-value, non-commodity, semi-perishable varietals from a large, reliant grower base for customers who demand fully traceable and compliant inputs.
Market Segments
MRFR has segmented the report into four dynamics to widen the scope of understanding,
By Type : Fruit, Vegetables, Blended, and others.
By Form: Frozen, Liquid, and others.
By Application: Beverages, Bakery & Confectionery, Soups & Sauces, Dairy & Frozen Desserts, among others.
By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World.
Regional Analysis
North America is forecasted to continue dominating the global juice concentrates market throughout the assessment period. Major factors attributing to the regional market growth include the well-spread awareness about the importance of fruits & vegetable juice concentrates intake in the daily diet. Besides, the rising consumption of juice concentrates due to the convenience factor that provides a massive impetus to the growth of the North American juice concentrates market.
The juice concentrates market in Europe shows promising growth. The increasing popularity of natural and healthy ingredients is, in turn, fostering the growth of the regional market. Moreover, the availability of a variety of products with combinations of fruits, vegetables, and other ingredients is positively impacting the sales of juice concentrates market in the region.
The juice concentrate market in the Asia Pacific region is growing briskly. Factors, such as the change in consumption pattern and the high demand for various healthy fruit & vegetable juice concentrate drive the regional market growth. Additionally, the rising adoption of global eating habits and increasing health concerns among consumers, alongside the growing per-capita disposable income in the region, propel the growth of the regional market.
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