About Juice Concentrate
The juice concentrate are mixed of fruit & vegetables with reduced amount of water. Mostly the juice concentrate have longer store life and very cost effective as compared to normal juices. The factors driving the global fruit concentrate market are the reduced logistical and storage costs, demand for a high scale of volume in the beverages market, usage as a substitute for sugar in the bakery sector, and changing consumer trends and food preferences. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on fastest-growing verticals in the health conscious market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.8% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Juice Concentrate market throughout the forecasted period. 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.
AGRANA Investment Corp (Austria), Archer Daniels Midland Company (United States), Ingredion Incorporated (United States), Louis Dreyfus Company (Netherlands), SunOpta, Inc. (Canada), Northwest Naturals, LLC (United States), Better Juice (Israel), KERR CONCENTRATES INC. (United States), Archer Daniels Midland Company (United States) and Welch Foods Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ingredion Incorporated (United States), DOHLER GmbH (Germany), FruitSmart (United States), Sudzucker AG (Germany) and SunOpta, Inc. (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Juice Concentrate market by Type (Fruit Juice Concentrate and Vegetable Juice Concentrate), Application (Beverages, Soups & Sauces, Dairy, Bakery & Confectionery and Others) and Region.
On the basis of geography, the market of Juice Concentrate 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 Form, the sub-segment i.e. Solid will boost the Juice Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Juice Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Upsurge demand due to multiple products available in market. and Collaboration and Tie Up Of Leading Players
Market Growth Drivers:
Rising Health Consciousness in Emerging Countries. and Increase in Growth of Natural Sweeteners is expected to boost the Juice Concentrate Market.
Challenges:
High Sugar Contents in Juice Concentrate.
Restraints:
Increase in Demand of NFC Juice Hamper the Juice Concentrate Market.
Opportunities:
Rise in Disposable Income in Developing Countries. and Cheaper and Convenient Alternatives in Various Applications.
Market Leaders and their expansionary development strategies
In January 2024, FoodTech start-up Better Juice, Ltd., announced its collaboration with Ingredion, Inc. This Ingredion's venture investment arm will lead the Series A funding round for Better Juice which will fast-track penetration of its breakthrough sugar reduction solution. The Company developed an enzymatic technology, which converts sugars into non-digestible compounds, such as dietary fibers and non-digestible sugars, while maintaining the natural profile of vitamins, minerals and organic acids in the final product.
In November 2022, Louis Dreyfus Company B.V. (LDC) announced the successful development of a new product made from not-from-concentrate (NFC) orange juice, presenting a 30% reduction in natural sugar content and more than triple dietary fiber content, while preserving the original taste (Brix value) and vitamin C level. This has developed a successful process to reduce sugar content in orange juice, in line with the company’s commitment to offer nutritious, high-quality juices.
Key Target Audience
Juice Concentrate Manufacturers, Juice Concentrate Traders, End-Use Market Participants of Different Segments of Juice Concentrate, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
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.