The Global Concentrated Fruit Juice Market Projected To Grow At a CAGR Of 6.83% for the Forecast Period 2019 To 2025
New York, August 5, 2019: Axiom Market Research & Consulting™ added a report on global concentrated fruit juice market which includes study on various type, application and distribution channel across various countries of key regions across the globe. The global concentrated fruit juice market was projected to grow at a CAGR of 6.83% for the forecast period 2019 to 2025. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the concentrated fruit juice market.
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The report analyzes the global concentrated fruit juice market based on type, application, distribution channel and geography. Various fruit types studied in this report are apple, orange, lemon, pineapple, grapes, pear and others. The market finds application into beverage, confectionery, bakery, dairy and other industry. These products are distributed through channels including online distribution and offline distribution. Offline channel further includes supermarkets & hypermarkets, departmental stores and others.
Europe accounted for the largest regional segment of the global concentrated fruit juice market in 2018
Europe seems to be promising region for concentrated fruit juice market. The Europe region occupied around 37% of share of the global concentrated fruit juice market. The European region is attributed by increasing awareness about health among European consumers, growing busy lifestyles and changing food habits of people have caused a surge in the attractiveness of convenience foods and beverages. Additionally, the Asia Pacific market is driven by various factors such as the large and growing population in the region and the consequent rise in demand for regular consumption goods like concentrated fruit juice.
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The orange segment accounted for the largest market size in 2018
The most important elements that influence orange juice and thus juice concentrate quality are sugars and acids, flavour, color and vitamin C. Furthermore, concentrated orange juice are extensively used in a range of foods and beverages like juices, alcohol, bakery items and other desserts and confections all around the world.
The beverage segment is expected to grow at a fastest CAGR during the projection period
The beverage is projected to grow at a Highest CAGR during the projection period, owing to the remarkable usage of concentrated fruit juices across a range of alcoholic as well as non-alcoholic items like wines, flavored cocktails, beer among the alcoholic beverages and fruit juices, flavored water, tonics, and sports drinks among the non-alcoholic beverages. Moreover, the bakery sector is another major consumer of concentrated fruit juices in its products which is used mainly for flavoring and adding a natural sweetness to the item.
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Offline segment accounted for the largest market share in terms of revenue in 2018
Supermarkets & hypermarkets retain their dominant position in sales of concentrated fruit juices as they offer easy access to a wide variety of products depending on different brands, types and flavors, but their overall share is slowly dropping as sales through convenience stores and other retail stores are increasing all around the globe.
The key companies having strong hold in concentrated fruit juice vertical includes Ingredion Inc (United States), Agrana Beteiligungs Ag (Austria), China Haisheng Juice Holdings Co., Ltd. (China), Döhler Group (Germany), Kerry Group Plc (Ireland), LemonConcentrate S.L. (Spain), SunOpta (Canada), Future FinTech Group Inc. (China), Archer Daniels Midland Company (United States), Royal Cosun (Netherlands), Northwest Naturals (United States), Kanegrade Ltd (United Kingdom) and Sensient Technologies Corporation (United States) among others.
Key Takeaways from the report:
• The orange segment accounted for the largest market size in 2018
• The global concentrated fruit juice market, by application is commanded by the beverage segment which holds remarkable market share of the overall industry in 2018
• Offline segment accounted for the largest market share in terms of revenue in 2018
• Graphically, Europe accounted for of the largest revenue share in 2018, due to the increasing awareness about health among European consumers, growing busy lifestyles and changing food habits of people have caused a surge in the attractiveness of convenience foods and beverages
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