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Concentrated Juice Market by Type (Vegetable Juice Concentrates, Fruit Juice Concentrates), By Application (Bakery & Confectionery, Dairy, Soups & Sauces, Beverages, and Others), By Ingredient (Multi-Fruit/Vegetable Concentrates, Single Fruit/Vegetable Concentrates), and Region, Market Share, In-Depth Analysis, Detailed Overview, and Forecast, 2022 to 2027

Published: March, 2023
ID: 5023
Pages: 175
Formats: report pdf report excel report power bi report ppt

Concentrated Juice Market Size and Growth Analysis:

Concentrated Juice Market was worth USD 80.0 billion in 2022 and is anticipated to reach an extent of USD 106.8 billion, recording a CAGR of about 6.0% throughout the foreseen period 2022 - 2027.

Concentrated Juice Market Overview:

Concentrated juices are the frozen, condensed form of fruit or vegetable juice that are blended by reducing the water content. It has an improved and cost-effective shelf life compared to regular juices. They are used in a wide range of applications in the food industry such as Soups, sauces, confectionery, and bakery products, etc., as an alternative to fruits and vegetables. Juice concentrates impart natural flavor and color to food products. Vegetable juice concentrates are used to enhance the nutritional value of food products. It is increasingly used in the production of healthy juices. Fruit juice concentrates are used as natural sweeteners and as natural food coloring. The beverage segment represents a significant share of the global juice concentrates market in terms of consumption. They are used in the production of alcoholic and non-alcoholic beverages.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2019 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

6%

Segments Covered

By Type, By Application, By Ingredient, and By Region 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Kanegrade Limited, Ingredion Incorporated, The Ciatti Company, Sunopta Inc., SVZ International B.V., Agrana Group, Diana Food, Dohler Company, Archer Daniels Midland Co., and SkyPeople Fruit Juice Inc

Recent Developments

  1. In July 2020, Vie-Del Company, the oldest family-owned grape processor and supplier of

  2. Spirits, wine, brandy, concentrates, bulk juice, and based in Fresno, California, will come into a conclusive agreement with Constellation Brands US Operations, Inc., a wholly-owned subsidiary of Constellation Brands, Inc. to acquire CBUSO's high-color concentrates and grape concentrates business.

  3. In a ruthless brand war, the diverse ITC NSE 1.20% group challenged rivals PepsiCo and Dabur NSE -0.31% to make their juices 'free concentrates' through prominent billboards in the markets, even when one of their rivals did so-called a trap.

  4. SDIC Zhonglu Fruit Juice Co., Ltd. has contracted a complete agreement to acquire Poland Appol Group. This is the company's first acquisition under the China Belt and Road initiatives, linking the European and Chinese markets by investing in Poland.

Concentrated Juice Market Drivers and Restraints:

The growing popularity of soft drinks and fruit products among consumers for their taste and nutritional benefits is driving the growth of the global concentrated juice market.

Juice concentrates are rich in nutrients and the market has seen an increase in demand. There is a growing demand from the beverage and bakery industry as they are used as an alternative to sugar, which is driving the growth of the global concentrated juice market. However, concentrated juices contain fructose, and excessive consumption of fructose has harmful effects on the body, making it difficult for the market to grow. Additionally, juices are healthy alternatives to carbonated beverages, which in turn will help the market for juice concentrates grow for years to come. Juice concentrates turn out to be a healthy option as they are fortified with some of the most essential minerals and nutrients that the human body needs. Due to the fast-paced working-class lifestyle and consumer lifestyle changes, the human body is lacking in nutrients and antioxidants that help to deal with various hair, skin, heart, and other problems other associated health problems.

Concentrated Juice Market Segmentation:

The global concentrated juice market is segmented based on its

  • type

  • application

  • ingredient

On the basis of type, the world market is divided into

  • fruit concentrates

  • vegetable concentrates

The fruit concentrates segment is subdivided into apple, orange, berry, banana, pear, pineapple, red grape, mango and other citrus fruits. The vegetable concentrates segment is subdivided into carrots, tomatoes, spinach, ginger, cucumber, beets, onion and garlic. According to the application, the market is classified into beverages, dairy products, baby food, sweet and savory snacks, soups and sauces, bakery and confectionery and desserts.

On the basis of ingredients, the market is divided into

  • multiple fruit/vegetable concentrate

  • single vegetable/fruit concentrate

Concentrated Juice Regional Analysis:

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East and Africa

Globally, North America is expected to dominate the market for juice concentrates due to the growing awareness of the importance of fruit and vegetable intake in their daily diets. Since cooking is a tedious process due to a busy work schedule, it becomes difficult to consume vegetables, resulting in a lack of nutrients in the body. However, it is easy and convenient to consume vegetables in juice form. In Europe, the popularity of natural and healthy ingredients is increasing, which in turn contributes to the growth of the market. The main market players are launching a variety of products with different combinations of fruits, vegetables and other ingredients, increasing the sales of concentrated juices in the region. 

Concentrated Juice Key Players

  1. Kanegrade Limited

  2. Ingredion Incorporated

  3. The Ciatti Company

  4. Sunopta Inc.

  5. SVZ International B.V.

  6. Agrana Group

  7. Diana Food

  8. Dohler Company

  9. Archer Daniels Midland Co.

  10. SkyPeople Fruit Juice Inc

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