What is Raisin Juice Market?
Raisin Juice is extracted from seedless raisins. It is obtained by leeching the water soluble components out of the raising with the help of stewing process. To obtain an extract consistency, the solution is introduced to vacuum concentrator. The natural raising juice has long shelf life without any preservatives. Moreover, the raisin juice is a natural ingredient to yogurt and ice creams. This ingredient enhances the color and taste of chocolate milk and ice cream. It also acts as natural coloring agent and brings the flavor of condiments. According to Ag Marketing Resource Center, in the year 2016-17 297,738 metric tons of raisins were produced. Whereas the estimated production of 2017-18 are 275,000 metric dry weight tons.
The market study is being classified, by Application (Natural ingredient, Sweetener, Beverages and Confectionery) and major geographies with country level break-up.
Fineberry Foods (Canada), National Raisin (United States), Lion Raisins (United States), Siroperie Meurens (Belgium), UL prospector (United States), Wabel (France), Arat Company Pjs (Iran), Bösch Boden Spies (Germany) and Helios ingredients (United Kingdom) are some of the key players profiled in the study.
The market of Raisin Juice market is Concentrated as it consists of major players. They are looking for new product launch or expansion to gain competitive advantage in upcoming years. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Raisin Juice market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Raisin Juice market by Type, Application and Region.
On the basis of geography, the market of Raisin Juice has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Wide Range of Applications Such as Natural Sweetener, Confectionaries and Other Food Products
- Government Initiatives to Spread Awareness about the Health Benefits
Market Trend
- Inclination of Consumers towards the Natural Food Products Owing to Health Benefits
Restraints
- Shortage in Supply Due to Unavailability of Labor. Also, the Lockdown due to Corona Virus is Further Affecting the Supply Chain.
- High Prices of Raisin in Low Raisin Producing Regions
Opportunities
- Increasing Usage of Natural Ingredients in Restaurants is Boosting the Market
- Adoption of Online Marketing Strategy
Challenges
- Lack of Consumer Awareness
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others