Latin America Fruit Concentrate Market is expected to grow at a CAGR of 5.5% and is estimated to reach a value of around $ 6.39 billion by 2028 from $ 4.89 billion in 2022. Latin America has been the global bright spot for soft drinks brand owners and bottlers over the recent review period. Emerging national economies, modernising retail channels and rising middle-class incomes will present new growth opportunities over 2023 - 2028.
Fruit concentrates are widely used in the beverage industry. They are fruit juices with stronger concentration and are used to make juices and nectar as well. Its shipping, transportation and warehousing are made easy and cheap by concentrating it with the removal of water. Juice concentrates can be frozen and stored which increases the amount of time it will stay fresh after purchasing.
Fruit concentrates generally substitute sugar in various food items such as cakes, juices, chocolates and others by acting as natural sweeteners. They are minimally processed so that the natural flavour and colour is maintained. It is a staple product in many homes due to its low price as compared to fresh fruit juice. The demand is also increased for infants and dairy foods.
Rise in awareness for the ill effects of alcoholic beverages and increase in demand for healthy, convenient and packaged fruit supplements with increasing health consciousness are majorly driving the market. The fruit concentrates are high in sugar content which restricts its use by diabetes patients and obese people.
The fruit concentrate market is segmented based on fruit types like orange, apple, pineapple, banana etc. and also on the basis of application which includes dairy products, juices, squash, soft drinks, frozen products and baby food.
Geographically the Latin America Fruit Concentrate Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America.
Key Players in the Market:
Major Key Players in the Latin America Fruit Concentrate Market are
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