Global Fruit Concentrate Market: Overview
For the production of fruit juices and nectars fruit concentrates are used in the beverage industry. The fruit is concentrated by extracting water thus making it easy and less expensive for shipping, warehousing, and transportation. They act as natural sweeteners and are also used to produce natural food colors and a variety of confectionery and desserts items. Manufacturers widely use fruit concentrates in various food products so that customers can receive these products in the natural form. Fruit concentrates are available in the form of puree concentrate, liquid concentrate, clear concentrate, frozen concentrate, and powder concentrate forms.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Fruit Concentrate Market: Growth Factors
Fruit concentrate is the best economical and convenient alternative for fresh fruits in various applications thus increasing its demand in the global market. Increasing demand for healthy and convenient food, changing lifestyle, growing urbanization, and rising disposable income are major factors that are responsible for the market growth. Fruit concentrate market is projected to propel in both developing and developed countries. The clear concentrate segment contributed for the largest market share worldwide. The liquid concentrate is also called juice concentrate; it is prominently used in the production of reconstituted fruit juice. Increasing demand of puree concentrates as sweeteners in baby food products and snacks are also augmenting the global fruit concentrate market growth. However, fresh fruit is always better for consumption rather than the concentrated one as concentrated fruits contain excess fructose and high consumption of fructose has adverse effects and production of fruit concentrates depends on fruit production, these factors restrain the market growth.
Global Fruit Concentrate Market: Segmentation
The global fruit concentrate market is fragmented based on the application, fruit type, and geography. The application segment is categorized as baby food, squash, frozen products, dairy products, soft drinks, and juices. Based on fruit type, the global market is bifurcated into the banana, apple, pineapple, orange, and others. Geographical breakdown of the market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Fruit Concentrate Market: Regional Analysis
North America is the leading region in the global fruit concentrate market. Major companies in the North America and Europe are introducing juice products and smoothies which are gaining popularity among people. In the European region, it is expected that the consumption of fruit concentrate can be increased across a variety of food and beverage products thus driving the market growth. Fruit concentrate market in Asia-Pacific region is depended on application industries such as confectionery and bakery industries. Other factors such as using fruit concentrate as the substitute for sugar in the bakery sector, reduced logistical & storage cost, changing consumer trends & food preferences, and demand for fruit concentrate from the beverages market in the region is expected to boost the growth of the market in the coming years. The global popularity of the fruit juices & flavors in the Middle East and Africa is driving the global fruit concentrate market.
Global Fruit Concentrate Market: Competitive Players
Major players operating in the global fruit concentrate market are Capricon, Kerry Group Plc., Cherimoya, AGRANA Group, Oceanaa, Dohler Group, Coca Cola’s Minute Maid, Starfruit, Acerola, and Lychee.
Global Fruit Concentrate Market: Regional Segment Analysis
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