Asia Pacific Concentrated Juice Market By Type (Fruit Juice Concentrates, Vegetable Juice Concentrates), By Application (Beverages, Soups & Sauces, Dairy, Bakery & Confectionery, And Others), By Ingredient (Single Fruit/Vegetable Concentrates, Multi-Fruit/Vegetable Concentrates), By Brand (Archer Daniels Midland Company, Agrana Investment Corp., Sunopta, Inc., Ingredion Incorporated, And Others), By Form (Clear Concentrate, Powdered Concentrate, And Frozen Concentrate), By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2024 to 2029)

Updated On: January, 2024
ID: 5029
Pages: 145

Asia Pacific Concentrated Juice Market  Size and Growth Analysis:

Asia Pacific Concentrated Juice market size was around USD 16.32 billion in 2021. It is expected to grow at a CAGR of 6.5% to reach USD 22.36 billion by 2026. It captures 20% of the global market.

Asia Pacific Concentrated Juice Market Overview:

Stiff competition prevails in the Asia Pacific juice concentrate market and based on product differentiation few companies are gaining a competitive advantage over others. Launch of new products with respect to taste and flavour is what companies in this market are focused on to steal a march from their competitors. Increasing demand for convenience food & beverages, health consciousness of people in the developing regions, and the use of juice concentrates as a substitute for sweets in the bakery & confectionery industry are some of the major driving factors for this market.Growth in demand for NFC (not from concentrates) juices is a restraint faced by the market players. NFC juices are considered to be premium juices and are priced higher when compared to juices, which has influenced the buyer’s preference for consumption of NFC juices over juices made from concentrate.

Asia Pacific Concentrated Juice Market Segmentation:

The market is segmented

  • type

  • application

  • Ingredient

  • brand

  • form

By type the market is categorized into

  • Fruit Juice Concentrates

  • Vegetable Juice Concentrates.

Fruit Juice Concentrates is further sub-segmented

  • Apple

  • Pineapple

  • Orange

  • Red grape

  • Berries

  • citrus fruits

Vegetable Juice Concentrates is further sub-segmented into Carrot, Cucumber, Tomato, Onion & garlic, others (spinach, beetroot, and ginger). Fruit concentrates accounted for a larger market share in 2015, and it is also projected to have a larger share during the forecast period due to the demand for healthy beverages which have led to the demand for higher yield for fruit juice concentrates. Fruit juice concentrates, such as apple concentrates and pear concentrates, are used as sugar substitutes in the bakery & confectionery industry, in the production of cakes, cookies, and pastries.

By application the market is sub-segmented into

  • Beverage

  • Soups & sauces

  • Dairy

  • Bakery& confectionery

Beverages accounted for the largest share of the juice concentrates market in 2015. Beverages have several applications, such as in energy drinks, juices, tea, and smoothies, and are available in different forms such as frozen, crystallized, or liquid. The beverage industry is growing in Asia Pacific and therefore the demand for fruits and vegetables for the production of new and innovative beverages is increasing.

By ingredients the market is segmented into

  • Single Fruit/Vegetable Concentrates

  • Multi-Fruit/Vegetable Concentrates

The multi-fruit/vegetable concentrate segment accounted for a larger share in 2015. Consumers’ desire to live an active and healthy lifestyle is one of the major drivers for the growth of the market. Regions, such as North America and Europe, have favourable markets for multi-fruit/vegetable concentrates. By brand the market is categorized into Archer Daniels Midland Company, Agrana Investment Corp., Sunopta, Inc., Ingredion Incorporated, and others. By form the market is categorized into Clear Concentrate, Powdered Concentrate, and Frozen Concentrate.

Asia Pacific Concentrated Juice Market geographical Analysis

  • India

  • China

  • Korea

  • Japan

Asia Pacific is expected to be the most attractive market for juice concentrate in the aforementioned forecast period. The burgeoning middle class in the developing countries of the region and changing lifestyles are key factors stoking growth in the region.

Asia Pacific Concentrated Juice Market Key players:

  1. SkyPeople Fruit Juice Inc.

  2. Archer Daniels Midland Co.

  3. Dohler Company

  4. Diana Food

  5. AGRANA Group

  6. SVZ International B.V.

  7. Sunopta Inc.

  8. The Ciatti Company

  9. Kanegrade Limited

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