The Fruit Concentrate Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Fruit Concentrate Market is estimated to be $28.4 USD billion and predicted to rise to $ 38 USD billion with a CAGR of 5.5%. The market is segmented by Fruit Type (Orange, Apple, Pineapple, Banana and Others) by Application (Dairy Products, Juices, Squash, Soft Drinks, Frozen Products and Baby Food). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
There is an increasing trend towards the consumption of processed food products in developing countries, which further signifies the increasing use of fruit concentrates. Growing urbanization, increase in disposable income, demand for healthy and convenient food options and changing food consumption pattern are other growth drivers of the market. The increase in population has a tremendous impact on the global food supply. The food nutrition and quality concerns have received widespread attention. Some restraints in the industry include lack of infrastructure for cold storage and warehousing, inadequate infrastructure for quality control and testing, inefficient distribution channels, high inventory carrying cost, high cost associated with packaging and high preferences for fresh food.
Pineapple Fruit Concentrate are the most popular fruit concentrate, accounting for a large share of the worldâ€™s fruit juice trade. For the application segment, juice segment is expected to occupy the largest position.
Asia-Pacific is estimated to be the largest market for fruit concentrates, followed by Europe and North America. The food manufacturers have started focusing on the emerging Asian and Latin American markets as potential drivers of the fruit concentrate. The market growth is also attributed to an increase in the demand for convenience food. China is one of the largest markets for fruit concentrates.
Major companies dominating the fruit concentrate market are Kerry Group Plc., AGRANA group, Dohler group, Coca Colaâ€™s minute maid, Capricon, Oceanaa, Acerola, Cherimoya, Lychee and starfruit. Minute maid is leading the orange juice market.
Browse through the full report at â€œhttp://www.marketdataforecast.com/market-reports/global-fruit-concentrate-market-468/â€ and checkout our recent reports in the Processed Food category at â€œhttp://www.marketdataforecast.com/research-reports/food-and-beverages/processed-food-15/â€. For more insights and up-to-date industry news donâ€™t forget subscribing to our newsletters.