About Cherry Juice Concentrate
The cherry juice concentrate is the juice extracted by the cherries which consists of various nutrients and antioxidants good for the health. It is widely used in beverages, cakes, ice creams, and other things o add flavor and aroma to it. For cherry juice concentrate various types of cherries are used like Maraschino, Montmorency tart cherry, Morello cherry, Napoleon, etc. The cherry juice concentrate is widely available in the supermarket, online stores, and convenience stores, as it consists of health benefits it is also marketed as health supplements.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Manufacturers invest in packaging that preserves the freshness and quality of the cherry juice concentrate. Consider using air-tight containers or packaging with protective barriers to prevent oxidation and extend the shelf life of the product. Promote the longer shelf life as a convenience factor for customers. Additionally, players explore 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.
Milne Fruit Products Inc (United States), H & H Products Company (United States), Ve.Ba. Cooperativa Ortofrutticola S.C. (Italy), Dohler (Germany), Cascadian Farm Organic (United States), Kerr Concentrates, Inc. (United States), Traverse Bay Farm ( United States), Universal Corporation (Fruitsmart) (United States) and SECNA Natural Colors (Spain) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cherry Juice Concentrate market by , Application (Beverages, Cakes, Ice Cream and Others) and Region.
On the basis of geography, the market of Cherry 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 Nature, the sub-segment i.e. Organic will boost the Cherry Juice Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cherry, the sub-segment i.e. Maraschino will boost the Cherry 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. Supermarket/Hypermarket will boost the Cherry Juice Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surging Consumption of Functional Beverages Around the World and Online Availability of the Cherry Juice Concentrate
Market Growth Drivers:
Growing Prevalence of Diseases Affecting the Overall Health Poorly and Demand for the Natural Healthy Fruit Juices which is Rich in Nutrients and Boost the Immune System
Challenges:
Stringent Regulatory Guidelines on the Cherry Juice Concentrate
Restraints:
Side Effects Associated with the Consumption of Cherry Juice Concentrate by Some People
Opportunities:
Increasing Health Awareness Among People and Spendings on Healthy Food Products will Boost the Cherry Juice Concentrate Market
Market Leaders and their expansionary development strategies
On 20th November 2019, Universal Corporation announced that it has entered into a definitive agreement to acquire FruitSmart, independent specialty fruit and vegetable ingredient processor serving global markets. FruitSmart processes apples, grapes, blueberries, raspberries, cherries, blackberries, pears, cranberries, and strawberries as well as other fruits and vegetables. The business is headquartered in the Yakima Valley of the state of Washington, where it has approximately 200 employees and two manufacturing facilities.
On 22nd June 2020, Traverse Bay Farms / Fruit Advantage announced no increase in price for its Michigan-Grown, Montmorency tart cherry juice concentrate. This is the only cherry juice with a sediment-free guarantee in the entire cherry juice industry.
In the United States, the Food and Drug Administration (FDA) is the regulatory authority that sets standards and regulations for the production, labeling, and safety of cherry juice concentrate. They ensure that manufacturers comply with safety standards and accurately label their products.
Key Target Audience
Cherry Juice Concentrate Manufacturers, Cherry Juice Concentrate International Traders, Cherry Juice Concentrate Distributors and Suppliers, Research and Development Institutes, Potential investors, Regulatory Bodies, Upstream and Downstream Buyers 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.