About Apple Juice Concentrate
The increasing awareness in the customers pertaining to added sugar in food has raised the need for natural sugars will help to boost the global Apple Juice Concentrate market in the forecasted period. Apple Juice Concentrate is a versatile ingredient with its neutral color and flavor. Use as a sweetener, or to enhance other fruit characteristics in candies, frozen novelties, fruit snacks, jams, jellies, sauces, and beverages.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 5.4% |
Apple Juice Concentrate market is a fragmented market due to the presence of various players. The players are focusing on developing manufacturing facilities to enhance production and improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Apple 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.
Ingredion Incorporated (United States), H&H Products Company (United States), Welch’s (United States), Ve.Ba. Cooperativa Ortofrutticola S.C. (Italy), Döhler (Germany), Louis Dreyfus Holding B.V. (Netherlands), Sonnländer (Germany), Tree Top, Inc. (United States) and LemonConcentrate S.L. (Spain) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Apple Juice Concentrate market by Type (Cloudy Apple Juice Concentrate, De-ionized Apple Juice Concentrate and Clarified), Application (Dairy & Frozen Desserts, Bakery & Confectionery, Beverages, Sauces, Dips & Spreads and Others) and Region.
On the basis of geography, the market of Apple 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). Europe region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Online Sales Channel will boost the Apple Juice Concentrate market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The increasing consciousness is expected to create immense growth and The growing popularity of convenience food & beverage
Market Growth Drivers:
The growing awareness amongst consumers pertaining to added sugar in food and The increasing demand for natural plant-based ingredients
Challenges:
The stringent government regulations
Restraints:
The increasing demand for not from concentrate (NFC) and cold-pressed juices
Opportunities:
The increasing investments in R&D has led to the introduction of new product lines of cold-pressed juices and The introduction of new varieties in terms of flavor, packaging, and specialty ingredients,
Market Leaders and their expansionary development strategies
On 11th November 2020, Ingredion Incorporated, a leading global provider of ingredient solutions to the food and beverage manufacturing industry, announced that it signed an agreement with James Cameron and Suzy Amis Cameron to acquire the remaining portion of ownership in Verdient Foods Inc. that the Company did not already own. The acquisition is expected to close this month. The transaction was funded from the company's available liquidity. No other terms of the transaction were disclosed.
On 26 September 2019, Louis Dreyfus Company (LDC) and Luckin Coffee (Luckin) have signed an agreement to establish a joint venture (JV) to develop a co-branded Luckin Juice business in China. The signing ceremony in Singapore was attended by Zhengyao Lu, Chairman of Luckin Coffee, Margarita Louis-Dreyfus, Chairperson of Louis Dreyfus Holding B.V., Ian McIntosh, CEO of LDC, and other members of senior management from the two companies.
Key Target Audience
Apple Juice Concentrate Manufacturers, Raw Material Suppliers, Distributors, Government Bodies, Regulatory Bodies, Potential Investors, Research and Development Institutes, End Users 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.