Latin America Concentrated Juice market size was around USD 9.54 billion in 2024. It is expected to grow at a CAGR of 6.3% to reach USD 12.94 billion by 2029.
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 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 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.
This Research Report on Latin America Concentrated Juice Market is segmented, and sub segmented into following categories.
Latin America Concentrated Juice Market By Type
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.
Latin America Concentrated Juice Market By Application
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.
Latin America Concentrated Juice Market By Ingredients
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.
Latin America Concentrated Juice Market By Brand
Latin America Concentrated Juice Market By Form
Latin America Concentrated Juice Market By Region
KEY PLAYERS IN LATIN AMERICA CONCENTRATED JUICE MARKET
Key Players In Latin America Concentrated Juice Market 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.
Frequently Asked Questions
Concentrated juice is used for both domestic consumption and export in Latin America. It is commonly used to produce ready-to-drink juices, juice blends, nectars, and fruit-flavored beverages. It is also used as an ingredient in the food processing industry for products such as yogurt, ice cream, and baked goods.
Several factors are driving the growth of the concentrated juice market in Latin America, including increasing consumer demand for convenient and nutritious beverages, rising awareness of the health benefits of fruit juices, and the expansion of the food and beverage industry.
Yes, there are different types of concentrated juice available in Latin America, including single-strength juice concentrates (such as orange juice concentrate or apple juice concentrate) and multi-fruit blends. These concentrates may be sold in liquid or frozen form.
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