Market Size in 2019 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6,198.6 million | USD 9,237.4 million | 5.86% | 2019 |
The Global apple juice concentrate market is set for a rapid growth over the forecast period. In terms of revenue, the global apple juice concentrate market accounted for USD 6,198.6 Million in 2019 and is expected to reach USD 9,237.4 Million by 2026, growing at a CAGR of 5.86%
The concentrated processed product produced by extracting a specific amount of water content from the apple is known as apple juice concentrate. Due to its neutral colour and taste, it is widely used in a variety of applications, including beverages, bakery & confectionery, dips & spreads, frozen desserts, sauces, vinegar, and dairy products. The apple juice concentrates market is expected to expand steadily in the near future. The growing demand and popularity of natural plant-based ingredients and convenient food and beverage, and its rising use as a sugar substitute in bakery products around the world are the key factors fuelling the market growth. Increasing demand for cold-pressed juices and Not From Concentrate (NFC), on the other hand, is expected to stifle global market growth.
The global apple concentrate market has grown at a rapid pace in recent years, and this trend is anticipated to continue in the near future. Due to rising demand from emerging markets such as China and India, East Asia and South Asia are expected to rise at the fastest rates over the forecast period. Another approach adopted by producers in the global apple concentrate market is effective supply chain management. However, the market's ability to achieve its full potential is constrained by the scarcity of raw materials and additional processes needed to produce high-quality apple concentrate.
The demand for natural sugars has risen as consumers are becoming more conscious of the risks of added sugar in food. Players in the global market have turned their attention to sugar extracted from fruits, which are referred as deionized fruit juice concentrates, as a natural source of sugar. In baking products, concentrated sugar is thought to be a healthier replacement for refined white sugar. Furthermore, it keeps bakery products moist for an extended period of time. Apple juice concentrate, unlike processed sugar, is rich in nutrients and releases slowly into the bloodstream. As a result, the increasing use of apple juice concentrate as a substitute for refined sugar in confectionery and bakery products is expected to propel the global apple juice concentrate market forward during the forecast timeframe.
The demand for cold pressed juices and NFC, on the other hand, is expected to hinder market growth because these juices are healthier than pasteurised fruit juices. Cold-pressed juices have a long shelf life and can therefore be shipped over long distances with ease. Furthermore, increased R&D investments have resulted in the launch of new cold-pressed juice product lines as well as new varieties in terms of taste, packaging, and specialty ingredients, attracting more customers to cold-pressed juices. The demand for NFC juices is being driven by an increasing knowledge of natural food products, and this trend is expected to continue during the forecast period.
The growing launch of apple-based juice is expected to provide a new growth avenue for the industry in the coming years. For example, in March 2019, Coca-Cola India launched Minute Maid Apple Sparkle, which is a sparkling apple juice-based beverage, made from Kashmir apples, with 25% of apple juice content. Thus, the introduction of apple-based juice is expected to boost market growth. In addition, the increasing use of apple concentrate in the pharmaceutical industry for the production of medicines is expected to boost the market.
Cloudy apple juice concentrate is a yellowish brown to straw-coloured liquid made without clarity from mature apples. Colorants, flavours, and preservatives are not used in the production of this product. Ascorbic acid is used as a processing aid in the formula. It's a viscous product of apple fibre and a distinct apple flavour. There are no unpleasant flavours or odours. The product is suitable for use as a base in juices, jams, and other foodstuffs.
De-ionized apple juice concentrate is a natural apple sugar with no additives, preservatives, and chemicals. It is made by the filtration, clarification, evaporation, and deionization of apple juice that has already been obtained by washing, sorting, grinding, and pressing clean, ripe, and fresh and sound apples through a series of steps. The deionization process removes naturally occurring substances that give apple juice its acidity, colour, and flavour (aroma), while the natural sugar content of the apple juice is retained in the final product. Deionized apple juice concentrate is commonly used as a natural sweetener in the food and beverage industry because it has no colour, taste, or odour.
The clarified apple juice segment dominated the market in the year 2019 and is expected to grow at a significant rate over the forecast period, owing to the growing consumer preference for totally shining and clear apple juice. The removal of suspended material and the prevention of turbidity after juice bottling are steps included during the production of clear apple juice. Suspended solids in freshly squeezed juice are intentionally precipitated prior to filtration. This precipitation process is referred to as clarification.
By Geography, the apple juice concentrate market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.
North America held a largest share in the 2019 and is predicted to grow at substantial rate in the coming years. Growing awareness about the excess intake of fructose and practicing healthy food choices is having a positive impact on the apple juice concentrate market in the region. The use of juice concentrate as a substitute for sugar in the bakery and confectionery market is another factor driving the market growth.
The apple juice concentrate market in Europe is growing at a considerable rate, as the demand for puree concentrates as a healthy substitute of sweeteners for baby food and snacks is increasing. Moreover, increasing demand for luxury and nutritious products and customer’s preference for processed foods and drinks without spoiling the taste and nutrition of the product are expected to boost market demand in the near future. Furthermore, the rapid growth in the urban population and the busy lifestyle are projected to result in an increase in preference for ready-to-eat products, thereby fuelling the demand for apple juice concentrate market in the region.
Report Attributes | Report Details |
---|---|
Report Name | Apple Juice Concentrate Market |
Market Size in 2019 | USD 6,198.6 Million |
Market Forecast in 2026 | USD 9,237.4 Million |
Compound Annual Growth Rate | CAGR of 5.86% |
Number of Pages | 110 |
Forecast Units | Value (USD Million), and Volume (Units) |
Key Companies Covered | Ingredion Incorporated, Welch’s, H&H Products Company, Ve.Ba. Cooperativa Ortofrutticola S.C., Louis Dreyfus Holding B.V., Döhler, Sonnländer, LemonConcentrate S.L., and Tree Top, Inc. among others. |
Segments Covered | By Product Type, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA) |
Countries Covered | North America: U.S and Canada Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific Latin America: Brazil, Argentina, Chile The Middle East And Africa: South Africa, GCC, Rest of MEA |
Base Year | 2019 |
Historical Year | 2015 to 2018 |
Forecast Year | 2020 - 2026 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The major players in the global apple juice concentrate market include Ingredion Incorporated, Welch’s, H&H Products Company, Ve.Ba. Cooperativa Ortofrutticola S.C., Louis Dreyfus Holding B.V., Döhler, Sonnländer, LemonConcentrate S.L., and Tree Top, Inc. among others.
Global Apple Juice Concentrate Market: Type Segment Analysis
Global Apple Juice Concentrate Market: Application Segment Analysis
FrequentlyAsked Questions
The demand for natural sugars has risen as consumers are becoming more conscious of the risks of added sugar in food. Players in the global market have turned their attention to sugar extracted from fruits, which are referred as deionized fruit juice concentrates, as a natural source of sugar. In baking products, concentrated sugar is thought to be a healthier replacement for refined white sugar. Furthermore, it keeps bakery products moist for an extended period of time. Apple juice concentrate, unlike processed sugar, is rich in nutrients and releases slowly into the bloodstream. As a result, the increasing use of apple juice concentrate as a substitute for refined sugar in confectionery and bakery products is expected to propel the global apple juice concentrate market forward during the forecast timeframe.
According to Zion Market Research, the Apple Juice Concentrate market is expected to generate revenue of around USD 9,237.4 Million by the end of 2026, growing at a CAGR of 5.86%.
North America held a largest share in the 2019 and is predicted to grow at substantial rate in the coming years. Growing awareness about the excess intake of fructose and practicing healthy food choices is having a positive impact on the apple juice concentrate market in the region. The use of juice concentrate as a substitute for sugar in the bakery and confectionery market is another factor driving the market growth. The apple juice concentrate market in Europe is growing at a considerable rate, as the demand for puree concentrates as a healthy substitute of sweeteners for baby food and snacks is increasing. Moreover, increasing demand for luxury and nutritious products and customer’s preference for processed foods and drinks without spoiling the taste and nutrition of the product are expected to boost market demand in the near future. Furthermore, the rapid growth in the urban population and the busy lifestyle are projected to result in an increase in preference for ready-to-eat products, thereby fuelling the demand for apple juice concentrate market in the region.
The major players in the global apple juice concentrate market include Ingredion Incorporated, Welch’s, H&H Products Company, Ve.Ba. Cooperativa Ortofrutticola S.C., Louis Dreyfus Holding B.V., Döhler, Sonnländer, LemonConcentrate S.L., and Tree Top, Inc. among others.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed