How Has The Juices And Juice Concentrates Market Size Evolved In Recent Years?
The juices and juice concentrates market has seen considerable growth due to a variety of factors.
• The market size for juices and juice concentrates has displayed consistent growth over recent years. Its growth is projected from $37.09 billion in 2024, surging up to $38.42 billion in 2025, showcasing a compound annual growth rate (CAGR) of 3.6%. Factors such as health and wellness trends, flavor innovations, convenience in consumption, effective marketing and branding strategies, and an increase in disposable income are attributed to the growth experienced during the historic period.
What is the Forecasted Market Size and CAGR for the Juices And Juice Concentrates Market Size?
The Juices And Juice Concentrates market is expected to maintain its strong growth trajectory in upcoming years.
• The market for juices and juice concentrates is set to witness stable expansion in the coming years. It's projected to escalate to $44.35 billion by 2029, with a compound annual growth rate (CAGR) of 3.7%.
This anticipated growth for the forecast period is a result of factors such as functional ingredients, sustainable production methods, increased awareness of health, clarity and clean labelling, as well as customization trends. In the forecast period, processing technologies innovation, digital marketing and e-commerce, functional and health-enhancing types, clean labels and natural ingredients, sugar minimization and low-calorie alternatives, as well as cold-pressed and raw juices are considered as the major evolving trends.
What Key Factors and Trends Are Driving The Growth Juices And Juice Concentrates Market?
The juices and juice concentrates market is poised for growth, driven by the expanding food and beverage industry. This sector comprises entities involved in processing, packing, and distributing raw food items. A customer inclination towards healthier drink options sees juices and juice concentrates serving as alternatives for sugar and flavoring agents, thus promoting healthier beverage choices. Consequently, growth in the food and beverage industry indirectly fuels the expansion of the juice and juice concentrate market. Citing a December 2022 report from FoodDrinkEurope, an EU Food industry confederation, the EU food and drink industry's revenue in 2022 increased to €1,121 billion ($1185.74 billion) from €1,093 billion ($1157 billion) the previous year. Hence, the burgeoning food and beverage sector is spearheading the growth of the juices and juice concentrates market.
What Are The Market Segments In The Juices And Juice Concentrates Market?
The juices and juice concentrates market covered in this report is segmented –
1) By Type: Juices, Juice Concentrates
2) By Concentration: Concentrated, Non-concentrated
3) By Distribution Channel: Super market Or Hyper markets, Convenience Stores, Specialty Food Stores, Online Retail, Other Distribution Channels
4) By Application: Bakery And Confectionery, Beverages, Dairy Food, Soups And Sauces, Other Applications
Subsegments:
1) By Juices: 100% Juice, Nectar, Juice Drinks
2) By Juice Concentrates: Single Fruit Concentrates, Multi-Fruit Concentrates, Organic Juice Concentrates
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What Trends Are Shaping The Juices And Juice Concentrates Market?
A major trend being observed in the juices and juice concentrates market is product innovation. Leading companies in this market are primarily focused on the development of new products to maintain a strong market presence. To illustrate, in October 2022, The EVERY Co., an American biotechnology company known for creating proteins and other products traditionally sourced from animals, launched a product called BUILD, in collaboration with Pulp Culture+. BUILD stands out as a world-first; it is a protein-boosted hard juice, a hyper-functional Full Spectrum beverage, enriched with probiotics, adaptogens, verified super fruits and superfoods, and animal-free EVERY Protein. This groundbreaking product does not contain any masking agents, sugar, or other unnecessary additives and features buzzworthy ingredients like cordyceps, ashwagandha, and 5 grams of protein.
Who Are the Key Players In The Juices And Juice Concentrates Market?
Major companies operating in the juices and juice concentrates market include:
• Welch Foods Inc.
• SVZ International B.V.
• Sudzucker AG
• Ingredion Incorporated
• DöhlerGroup
• Symrise AG
• Kanegrade Limited
• The Archer-Daniels-Midland Company
• Ocean Spray Cranberries Inc.
• Del Monte Pacific Ltd.
• Keurig Dr Pepper Inc.
• Nestle S.A.
• PepsiCo Inc.
• The Coca-Cola Company
• Northwest Naturals LLC
• IPRONA S.p.A.
• Kerry Group plc
• Kirin Holdings Company Limited
• AGRANA Beteiligungs AG
• CitroGlobe Srl
• Ciatti Company
• Berrifine AS
• Tampico Beverages Inc.
• SunOpta Inc.
• Tree Top Inc.
• Tropicana Products Inc.
• Citrosuco
• Louis Dreyfus Company B.V.
• China Haisheng Juice Holdings Co. Ltd.
• Refresco Group BV
What Are The Regional Insights Into The Juices And Juice Concentrates Market?
Asia-Pacific was the largest region in the juices and juice concentrates market in 2024. The regions covered in the juices and juice concentrates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
