About Juice concentrate Market
Juice concentrate is a condensed form of fruit juice where a majority of the water content has been extracted. It contains vital nutrients, such as vitamins and minerals. The process involves removing the liquid component, resulting in a thick, syrupy product called juice concentrate. Whole fruits are carefully washed, scrubbed, and then crushed or blended to produce a pulp. Powdered juice concentrates are produced by dehydrating methods like spray-drying or freeze-drying. The increasing demand for super fruit juice concentrate indicates a growing interest in the concentrated form of fruit juices that are derived from nutrient-rich fruits consider to result in exceptional health benefits. In addition, increasing consumer awareness of health and wellness benefits associated with fruit-based products, such as antioxidants, vitamins, and natural sugars, drives the demand for juice concentrates as a healthier alternative to sugary beverages.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Several large and small industry players participate extensively to enhance their manufacturing capabilities by leveraging modern technology. Numerous collaboration and partnerships with the government pertaining to aids in strengthening the market competencies of the key players. This offers them a competitive edge to sustain their market position Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dohler group (Germany), Tampico Beverages (United States), Welch Foods Inc. (United States), SVZ International (Netherlands), Kanegrade Ltd (United Kingdom), The Ciatti Company (US), Symrise AG (Germany) and Ingredion Incorporated (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sunopta (Canada), Capricorn food products India ltd (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Juice concentrate Market market by Type (Vegetables and Fruit), Application (Dairy Products, Soft Drinks Tea, Confectionary Bakery and Others) and Region.
On the basis of geography, the market of Juice concentrate Market has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Juice concentrate Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumers are increasingly seeking natural and organic food and beverage options. This trend extends to juice concentrates, with a growing preference for products made from organic fruits and without artificial additives or preservatives
Market Growth Drivers:
Juice concentrates offer convenience and a longer shelf life compared to fresh juices. Juice concentrates are often more cost-effective than purchasing fresh fruits and juicing them at home or buying ready-to-drink juices
Challenges:
The availability and cost of raw materials, namely fruits, can significantly impact the juice concentrate market
Restraints:
The juice concentrate is subject to various regulatory requirements, including food safety, labeling, and quality standards. Compliance with these regulations can impose additional costs and administrative burdens on manufacturers and suppliers
Opportunities:
Different countries and regions have unique fruit varieties, flavors, and preferences. Exploring international markets and establishing partnerships with distributors and retailers in different regions can open up new opportunities for growth and market penetration
Market Leaders and their expansionary development strategies
In April 2019, Döhler Group, a Germany-based company specializing in natural ingredients, ingredient systems, and comprehensive solutions for the global food and beverage industry, has recently finalized an agreement with Zumos Catalano Aragoneses (ZUCASA). This agreement involves the acquisition of a majority of shares in ZUCASA, a renowned producer of juices, purees, sweet fruit concentrates, as well as vegetables and plant-based ingredients
In April 2019, Tampico Beverages has introduced Tampico Zero, a sugar-free line of its popular juice brand. The rise in consumer awareness and concern for health and well-being has led to a greater emphasis on reducing sugar intake. As a result, both food and beverage manufacturers and governments have taken steps to address this issue and meet the demand for healthier options
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.