Brand Story
09 Dec 2022, 02:43 GMT+10
According to the latest FMI research reports, the worldwide juice Concentrates Market size is predicted to grow at a compound annual growth rate of a CAGR of 5.3% from 2022 to 2032, reaching USD 55,401.7 million.
Functional foods and beverages have made great strides in recent years, demonstrating that health-conscious millennial consumers prefer a balanced diet.
Concentrated juice is made from both vegetables and fruits, but fruit-based varieties are becoming more popular. This trend is unlikely to change as consumers prefer natural beverages and have more fruit flavor choices. The stockpile of staple food consumers, including fruit drinks, will also fuel demand during the Covid 19 pandemic.
The demand for natural sweets instead of sugar also creates new growth opportunities for the juice concentrate industry.
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Key Takeaways from Market Study
"The juice concentrates market is being driven by their taste, aroma, and health benefits. Rising awareness about the product along with increased use in the F&B industry are key factors for market expansion," says a lead analyst at Future Market Insights.
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Who is Winning?
Many CEOs re-checked their company's portfolios and re-figured their strategy in 2020 and 2021 due to the global upheaval generated by COVID-19. Companies have worked on strategies such as marketing and packaging, adopted labels trends, and taken various steps to promote the product in different markets along with reaching new geographies.
New product launches and the resultant expansion of existing product portfolios, in addition to strategic acquisitions and mergers, are some of the primary strategies being used by the companies to remain competitive in the market.
Some of the leading companies offering juice concentrates are Northwest Naturals LLC, DOHLER GmbH, Welch Foods Inc., Ingredion Incorporated, FruitSmart, Sudzucker AG, AGRANA Investment Corp, Diana Naturals, SVZ International B.V., Prodalim Group, Bell Flavors & Fragrances, Citromax, Carotex Flavors.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the juice concentrates presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
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Frequently Asked Questions
Browse Related Report:
Lemon Juice Concentrate Market: Lemon juice concentrate is obtained by the extraction of the juice from lemons, following which the juice is further heated for some time to remove water, thus resulting in the formation of lemon juice concentrate. Lemon juice concentrate has several applications in the food and beverage industry.
Fruit Concentrate Puree Market: The fruit concentrate puree consumer market is currently valued at USD 1700Mn in the year 2021which is estimated to grow with a CAGR of 6.8% to a value of USD 3282.2 Mn for the forecast period of 2022-2032.
Dill Juice Market: According to the research of Future Market Insights, the market for Dill Juice is anticipated to expand at a CAGR of 6.2% over the forecasted time period. According to projections, the industry would be worth US$ 1,438.1 Mn by 2032, up from US$ 788.0 Mn in 2022.
Blackcurrant Concentrate Market: Blackcurrant concentrate is extraction of pure blackcurrant by the filtration, clarification and evaporation process of blackcurrant juice. Blackcurrant Concentrate has the characteristic taste and odour of natural Blackcurrant Fruits.
Download complimentary copy of Future Market Insights White Paper in collaboration with PBFIA, on the Plant Based Market that throws light on potential opportunities and investments made in the Global plant based market
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Juice Concentrate Market: Global Trends and Growth Analysis Through 2022-2032 appeared first on Future Market Insights.
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