About Vegetable Juice Concentrates
Vegetable Juice Concentrates are basically juice based concentrates made out of vegetables from which most of water content has been removed. Thus offering a very rich liquid texture comprised mostly of vegetable extracts. The vegetable juice concentrates are most used to impart natural flavours of vegetables in the processed food or cooked food. Several experts even warn of excessive consumption of raw vegetable juice concentrate may not be healthy because of lack of water content. Vegetable juice concentrates also offer good shelf life qualities, thus making it ideal for urban applications, due to fast pace of life in urban areas. The vegetable juice concentrates market can be segmented into clear concentrates, frozen concentrates and powdered concentrates. Although, North America and Europe account for larger market share, but Asia Pacific is steadily catching up owing to rising demand from China.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Kanegrade Limited (United Kingdom), Northwest Naturals LLC (United States), SunOpta Inc. (Canada), Agrana Beteiligungs AG (Austria), Welch Foods Inc. (United States), Pioma Industries Pvt. Ltd. (India), Dohler GmbH (Germany), Sudzucker AG (Germany), Kerr Concentrates, Inc. (United States) and Hans Zipperle SpA (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Olam International Limited (Singapore), European Freeze Dry ApS (Denmark) and Van Drunen Farms (United States).
Segmentation Overview
AMA Research has segmented the market of Global Vegetable Juice Concentrates market by Type (Carrot, Cucumber, Tomato, Onion & garlic and Others), Application (Beverage, Soups & sauces, Dairy, Bakery& confectionery and Others) and Region.
On the basis of geography, the market of Vegetable Juice Concentrates 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). If we see Market by Distribution Channel , the sub-segment i.e. Online {E-Commerce Stores} will boost the Vegetable Juice Concentrates market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Frozen Concentrate will boost the Vegetable Juice Concentrates market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vegetable, the sub-segment i.e. Beetroot will boost the Vegetable Juice Concentrates market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Plastic Bottle will boost the Vegetable Juice Concentrates market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Clear Concentrates Account for Larger Market Share
Market Growth Drivers:
Increasing Focus of the Agricultural Industry in the Processed Agricultural Produce, Rising Investments and Participation from the Private Sector in the Agriculture and Advancements in the Modern Processing Machinery
Challenges:
Less Awareness and Lack of Skilled Professionals in Developing Countries to Run and Operate Vegetable Juice Concentrate Facilities
Restraints:
High Capital Required for Setting up of Machinery and Other Initial Assets
Opportunities:
Plant Based Functional Food can Present Huge Opportunity to Expand
Market Leaders and their expansionary development strategies
In 2019, Dohler GmbH, a Germany based multinational producer of natural food ingredients has announced acquisition of majority stakes in Zumos Catalano Aragoneses, which is a Spanish juice, purees and sweet fruit concentrates producer. After the completion of the acquisition Dohler is expected to manage the Huesca region based juice production facility of Zucasa, through its local subsidiary known as Döhler Fraga. The acquisition will bolster the Dohler’s market standings in the vegetable and fruit juice, puree and concentrates market in Europe.
In March 2022, Kayco launched Wonder Lemon, a first-of-its-kind, 100 % organic cold-pressed juice with zero added sugar. With the demand for organic juices on the rise, Wonder Lemon offers the bonus of fresh and delicious citrus flavour.
Key Target Audience
Vegetable Juice Concentrates Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.