Asia Pacific Fruit Concentrate Market size is currently valued at 11.44 Billion USD in 2022. The market is expected to grow at a CAGR of 6.98% over the forecast period to reach a valuation of 15.9 Billion USD in 2028.
Fruit concentrates are used in the beverage industry for the processing of fruit juices and nectars. The fruit is processed by removing water, making it easier and cheaper for packaging, storage and transport. They are also used to produce natural food colors, act as natural sweeteners, and even in a variety of desserts. Fruit concentrates are commonly used by producers in various food products so that consumers can obtain such goods in natural form. They are available as puree concentrate, liquid concentrate, transparent concentrate, frozen concentrate and powder concentrate.
Significant factors which have helped drive the Asia Pacific Fruit Concentrate Market forward are-
Increasing rates of obesity, diabetes, and heart disease, along with healthy eating habits, have contributed to a growing trend for more natural and healthy food around the world. Fruit concentrates are therefore gradually being replaced by refined sugar in a variety of applications, such as drinks, cakes, cookies, chocolates and confectionery products.
Fructose in fruit concentrate is a healthier alternative to diabetic sucrose because it has a lower glycemic index than sucrose. In fact, baked goods made with fructose will be not only sweet but also incredibly moist, because fructose absorbs more moisture than granulated sugar.
The fruit concentrate market is mainly driven by the interest shown by consumers in ready-made concentrates.
The factors holding the Asia Pacific Fruit Concentrate Market back include-
With the high calories containing sugars, diabetic patients are abstaining from buying them, which is decreasing their sales.
Food producers have started to concentrate on emerging Asian markets as possible drivers of the food industry. The demand is forecast to demonstrate the potential for growth in both developed and developing regions. Market growth is also contributed to an increase in demand for food convenience.
The research done takes place in two phases namely-
Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.
Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.
Grape and lemon fruit concentrates accounted for a major market share in terms of value in 2018. The steady increase in demand for fruit juices and nutritious and up-to-date products is projected to increase the market value of these goods by 2024.
Asia Pacific was the largest fruit concentrate market in 2018. China dominates the apple concentrate market internationally, while India dominates the mango concentrate market with the highest exports. Increased demand for healthy and natural food and safety concerns for processed products are driving the market. The Asia Pacific is projected to be one of the fast-growing markets for these concentrates in the future.
Key Market Players in the Market:
Major Key Players in the APAC Fruit Concentrate Market are
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