What Has Driven the Growth of the Juice Concentrates Market in Recent Years?
The juice concentrates market has seen considerable growth due to a variety of factors.
• The market for juice concentrates has seen robust growth in the past few years. The market is projected to escalate from a value of $64.11 billion in 2024 to about $67.8 billion in 2025, with a compound annual growth rate (CAGR) of 5.8%.
This upward trajectory during the historic period can be linked with the rising demand for ready-to-eat foods, variety in flavors, the proliferation of retail outlets, global trade expansion, and a shift towards healthier drink options.
How Will the Juice Concentrates Market Size Evolve over the Forecast Period?
The juice concentrates market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the juice concentrates market is set to witness robust expansion, and it is projected that by 2029 it will have grown to $88.59 billion, with an estimated compound annual growth rate (CAGR) of 6.9%.
This significant growth during the forecasted period is primarily due to factors such as changing eating habits, emphasis on clean labeling, sustainability efforts, increasing knowledge of health advantages, and increasing consumer preferences for customized flavors. Further influencing the forecast period are notable trends such as the preference for plant-based alternatives, zero or low sugar variations, the incorporation of blockchain technology, intelligent packaging, and premium offerings.
Which Factors Are Boosting Growth In The Juice Concentrates Market?
The surge in demand for easy-to-prepare food and drink products is fueling the expansion of the juice concentrates market. Convenience foods are processed items that require little to no preparation before consumption, frequently found in restaurants and supermarkets in the form of room-temperature goods, shelf-stable products, or frozen items. Juice concentrates are utilized to improve the natural hues, flavors, and sweeteners of food and drink products, offering a convenient, cost-effective, and equally healthful source of antioxidants that appeal to most low-income consumers. For example, in April 2024, data from the US-based National Association of Convenience Stores (NACS) indicated that overall industry foodservice sales accounted for 26.9% of in-store sales in 2023, up from 25.6% in 2022. Prepared food sales rose by 12.2% per store per month, making it the top in-store category. As such, the increasing consumer inclination towards convenient food and drink products is likely to stimulate the growth of the juice concentrates market in the future.
What Key Areas Define The Segmentation Of The Global Juice Concentrates Market?
The juice concentrates market covered in this report is segmented –
1) By Type: Fruit, Vegetables
2) By Nature: Organic Juice Concentrate, Conventional Juice Concentrate
3) By Form: Clear Concentrate, Powdered Concentrate, Frozen Concentrate
4) By Application: Beverages, Soups And Sauces, Dairy, Bakery And Confectionery, Other Applications
5) By End Use: Food Industry, Beverage Industry, Foodservice, Retail Or Household
Subsegments:
1) By Fruit: Citrus Juice Concentrators, Non-Citrus Juice Concentrators, Mixed Fruit Juice Concentrators
2) By Vegetables: Tomato Juice Concentrators, Carrot Juice Concentrators, Green Vegetable Juice Concentrators, Mixed Vegetable Juice Concentrators
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How Are Emerging Trends Reshaping The Dynamics Of The Juice Concentrates Market?
A significant trend gaining traction in the juice concentrates market is the formation of strategic partnerships and collaborations. Companies in this sector are making strategic alliances aimed at creating innovative products and enhancing their market presence. Notably, Better Juice Ltd., an Israeli firm specializing in sugar-reduction technology, and Ingredion Inc., a US-based specialty ingredients provider for the food and beverage sector, formed a partnership in January 2024. The venture investment division of Ingredion, Ingredion Ventures, will take lead in the Series A funding round for Better Juice to accelerate the introduction of its groundbreaking solution for sugar reduction in the U.S juice market. Better Juice's advanced technology is making strides in the effective removal of simple sugars from liquids containing natural sugar, concentrates, and juice-based beverages.
Who Are the Key Players in the Juice Concentrates Market?
Major companies operating in the juice concentrates market include:
• The Archer-Daniels-Midland Company
• Louis Dreyfus Company B V
• Kerry Group plc
• Südzucker AG
• Ingredion Incorporated
• Symrise AG
• AGRANA Beteiligungs-AG
• Sensient Technologies Corp
• NW Naturals Inc.
• Welch Foods Inc.
• DOHLER GmbH
• Diana Group
• Tree Top Inc.
• SunOpta Inc.
• Bell Flavors & Fragrances GmbH
• Ventura Coastal LLC
• FruitSmart Inc.
• Milne Fruit Products Inc.
• Kanegrade Limited
• Prodalim Group
• Northwest Naturals LLC
• SVZ International B.V
• IPRONA SpA
• Lemonconcentrate SLU
• Flingo Foods And Agro P. Ltd.
• Encore Fruit Marketing Inc.
• Tricom Fruit Products Limited
• Muhtaroglu Group
• Nam Viet Foods & Beverage JSC
• Steinhauser Group
• Shimla Hills
• Bösch Boden Spies GmbH & Co KG
• Binder International GmbH & Co KG
• China Haisheng Juice Holdings Co Ltd.
• AGRO–WODZISLAW Sp. z o.o. .
• beckers bester GmbH
• AMAZONAS Naturprodukte GmbH
What Is The Most Dominant Region In The Juice Concentrates Market?
North America was the largest region in the juice concentrates market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the juice concentrates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
