Juice Concentrators Market Size, Share, Growth Report 2030

Market Overview

The global juice concentrators market accounted for USD 94.24 Billion in 2020 and is expected to reach USD 139.96 Billion by 2028, growing at a CAGR of 7.1% from 2021 to 2028.

After the water has been removed from the fruit or vegetable, the residue is called juice concentrate. Because the water is extracted, bacterial growth is reduced, and the concentrate does not spoil as quickly as juice. Fruit and vegetable juice concentrators market are used by food and beverage manufacturers to create new products. The demand for products made from natural and healthy ingredients is increasing as consumers' health concerns grow. Fruits, vegetables, or a combination of both are used to make juice concentrates. Because of the nutritional profile of various fruits and vegetables, consumers consume food and beverages made from them, as well as processed forms such as puree and juice. As a result, rising health awareness is expected to boost demand for juice concentrates, providing lucrative opportunities for global market participants during the assessment period.

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COVID-19 Impact Analysis

COVID-19, a global pandemic, has triggered a global crisis. The pandemic, which has affected over 195 countries, has already created a global economic backdrop and is likely to create a chaotic environment, leading to global rescission. The COVID-19 outbreak has completely changed people's lives all over the world, with the number of cases rising at an alarming rate every day. It has a different impact in different industries. Consumers are very concerned about keeping track of their health in the midst of the pandemic's constant fear and panic. In the current situation, it is critical to boost immunity in order to combat the coronavirus, maintain hygiene, and adhere to all medical advisories. This has increased the population's consumption of functional foods and beverages, which is expected to boost the market for juice concentrates in the coming years.

Growth Factors

Several factors are propelling the market forward, including rising demand for natural plant-based ingredients, increased awareness and popularity of convenience foods and beverages, and increased use of fruit juice concentrates as a sugar substitute in bakery and confectionery.

The rising consumer demand for beverage and bakery products is compelling the global juice concentrates market forward. The global juice concentrates market is expected to grow due to the growing popularity of vegetable and fruit juices as a healthier alternative to aerated drinks among health-conscious consumers. The global juice concentrates market is expected to benefit from the rapid growth of the natural sweeteners market. The global juice concentrates market is expected to grow due to rising demand for juice concentrates in the beverage industry and as a sugar substitute in bakery products.

Report Scope :

Type Segment Analysis Preview

Vegetable juice concentrate is expected to grow at a faster rate during the forecast period. Due to their exceptional health benefits, vegetable juice concentrates are in high demand. In both developing and developed regions, such as North America, Europe, and Asia-Pacific, health-conscious consumers demand vegetable juice beverages, which could propel the vegetable concentrate market forward. Fruit juice concentrate forms the other type of segment.

Application Segment Analysis Preview

In the beverage industry, fruit and vegetable concentrates are widely used. Fruit concentrates are commonly used in both alcoholic and non-alcoholic beverages. The global beverage market has been driven by rising demand for health-related beverages. Increased health awareness among consumers, particularly in North America, Europe, and Asia-Pacific, has resulted in a demand for beverages containing fruit and vegetables. As a result, there has been an increase in the demand for fruit and vegetable concentrates to meet consumer demand. Furthermore, consumers' hectic lifestyles have increased demand for convenient food and beverages that are both healthy and convenient to consume, which has resulted in increased production of those beverages that are both healthy and convenient to consume. Furthermore, fruit and vegetable juice concentrates in beverages serve as a convenient and appropriate substitute for carbonated soft drinks and aerated beverages. Dairy, Soup, Bakery and confectionery, Dessert form the other type of application segment.

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Form Segment Analysis Preview

Powdered concentrate forms the major portion in the form segment. This is because easy availability and same nutritional value as of the real juice concentrators. Clear Concentrate and Frozen Concentrate form the other type of segment.

Regional Analysis Preview

The global market for fruit concentrates is primarily driven by North America, which has the largest market share and is experiencing steady growth. In the fruit concentrates market, Europe is a close second in terms of market share, followed by the rest of the world. In both developed and developing regions, the market is expected to continue to grow. The market for fruit concentrates is driven by rising demand for natural foods, as well as health and nutritional concerns about processed foods. Several factors have contributed to the growth of the European juice concentrates market. Over the forecast period, rising health concerns and demand for functional beverage products in the regions are expected to boost demand for juice concentrate.

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Manufacturers of juice concentrates find Asia-Pacific to be a lucrative market. To meet the high demand for juice concentrates, major juice concentrate manufacturers are introducing new products in Asia-Pacific countries. Many emerging countries in this region, such as China and India, have large amounts of cultivable land on which to grow crops. Furthermore, China is one of the leading countries for juice concentrates, as the country experiences technological advancements in agriculture and urbanization, resulting in higher consumer standards of living and the rise of convenience food and beverage products. Furthermore, China is a major exporter of juice concentrates in Asia-Pacific, and the rise in the consumption of healthy beverages has fueled the country's juice concentrates market.

Key Market Players & Competitive Landscape

Some of key players in juice concentrators market include Ingredion Incorporated (US), Archer Daniels Midland Company (US), Sudzucker AG (Germany), Louis Dreyfus Company (Netherlands), Doehler Group (Germany), SVZ International BV (The Netherlands), The Ciatti Company (US), Diana Naturals (US), Kanegrade Limited (UK), and Lemon Concentrate SL (Spain), among others.

The presence of numerous vendors characterizes the juice concentrate market. Price, quality, innovation, packaging, reputation, marketing channels, and distribution are all factors that these vendors are increasingly competing on. The competitive environment of this market will be heightened by player competition as well as rapid technological changes. To survive and succeed in this competitive environment, vendors are differentiating their offerings through their unique value proposition (USP). Due to the presence of several local and international players, the global fruit concentrate market is highly fragmented. The major strategies adopted by the leading companies in the global fruit concentrate market are new product launches, partnerships, expansions, and acquisitions.

The global juice concentrators market is segmented as follows:

By Type

• Fruit Juice Concentrates
• Vegetable Juice Concentrates

By Application

• Beverage
• Dairy
• Soup
• Bakery and confectionery
• Dessert

By Form

• Clear Concentrate
• Powdered Concentrate
• Frozen Concentrate

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa