Latin America Concentrated Juice Market

Latin America Concentrated Juice Market Size Share and Growth Rate:

Latin America Concentrated Juice market size was around USD 7.94 billion in 2021. It is expected to grow at a CAGR of 6.3% to reach USD 10.77 billion by 2026. It captures 10% of the global market.

Stiff competition prevails in the Latin America 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 flavor is what companies in this market are focused on to steal a march from their competitors.

Latin America Concentrated Juice Market Demand Analysis:

Increasing demand for convenience food & beverages, health consciousness of people in the developing regions, and the use of juice concentrate 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 are 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 toward consumption of NFC juices over juices made from concentrate.

Latin America Concentrated Juice Market Segmentation:

Concentrated Juice Market By Type: 

• Fruit Juice Concentrates
• Vegetable Juice Concentrates

Fruit Juice Concentrates is further sub-segmented into Apple, Pineapple, Orange, Red grape, Berries, Other citrus fruits, and others (banana, mango, and pear). 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 a 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.

Concentrated Juice Market By Application:

• Beverage
• Soups & sauces
• Dairy
• Bakery& confectionery
• others
• baby food
• dessert
• sweet & savory snacks

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 Latin America and therefore the demand for fruits and vegetables for the production of new and innovative beverages is increasing.

Concentrated Juice Market By Ingredients:

• 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 favorable markets for multi-fruit/vegetable concentrates.

Concentrated Juice Market By Brand:

• Archer Daniels Midland Company
• Agrana Investment Corp
• Sunopta, Inc
• Ingredion Incorporated
• Others

Concentrated Juice Market By Form:

• Clear Concentrate
• Powdered Concentrate
• Frozen Concentrate

Regional Presence of the Concentrated Juice Market:

By geography, the market is segregated into Brazil, Chile, Argentina, and others. It is the second-fastest-growing market.

Leading Key Companies Covered in this market report are:

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