Beverages Segment is Gaining Traction in the Global Juice Concentrates Market

The global juice concentrates market is estimated to be valued at USD 73.7 billion in 2022. It is projected to reach USD 93.7 billion by 2027, recording a CAGR of 4.9% during the forecast period. Juice concentrates are obtained by removing water from the fruit juice to make it more suitable for storage, shipping, and resale in retail stores. The overall juice concentrates market is driven by consumers' preferences toward the consumption of healthier products and the growing consumption of fruit juices and nectars. The beverage industry influences the juice concentrates market, as fruit & vegetable juice concentrate is largely used in making a variety of nonalcoholic drinks.

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Beverages Segment is Gaining Traction in the Global Juice Concentrates Market

Fruits and vegetable concentrates are widely applicable in the beverage industry. Fruits concentrates are especially used in the production of both alcoholics as well as non-alcoholic beverages. Fruit and vegetable juice concentrates are used in various beverages such as energy drinks, juices, tea, and smoothies and are available in different forms such as frozen, crystallized, or liquid. Fruit such as apples is the common fruit used to produce alcoholic beverages.

Moreover, exotic superfruits, such as juniper berries and passion fruits, are also utilized to make alcoholic beverages. The beverage industry, which is growing globally in all the major regions, such as North America, Europe, Asia-Pacific, and Latin America, demand fruits and vegetables to produce new and innovative beverages. The huge soft drinks market in developing nations, such as India and China, needs fruits and vegetable concentrates on producing soft drinks based on consumer demand.

Fruit Juice Concentrates are in High Demand

Fruit juice concentrates are used in a variety of industries, such as beverage, bakery & confectionery, food, and alcohol. Fruit juice concentrates, such as apple concentrates and pear concentrates, are used as sugar substitutes in the bakery & confectionery industry, in the production of cakes, cookies, and pasteries.

Fruit juice concentrates witness high demand around the world, as there is an increasing awareness regarding living a healthy life and consuming healthy products among consumers in both developed and developing countries. Fruits such as orange, apple, and pineapple have significant demand due to their health benefits.

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Asia Pacific is projected to be the fastest-growing region in the global juice concentrates market

Asia-Pacific is projected to be the fastest-growing region in the global juice concentrates market with the highest CAGR. The main countries contributing significantly toward the region's growth include China, India, Japan, Australia, and New Zealand. The rapidly growing fast-food industry and young demography in the Asia-Pacific region have led to an increase in the consumption of convenience food, which is expected to enhance the growth of the market for juice concentrates. The growth of the juice concentrates market is proportionally dependent upon the growth of the convenience and health food industry. The demand for juice concentrates is anticipated to increase in the Asia-Pacific region due to Western dietary habits, rising disposable income, and changing lifestyles of people in countries such as China, India, and Japan.

The key players in this market include Archer Daniels Midland Company (US), Südzucker AG (Germany), Ingredion Incorporated (US), SunOpta, Inc (Canada), Kerry Group PLC (Ireland), IPRONA SPA (Italy), Symrise AG (Germany), Döhler Group SE (Germany), SVZ International B.V (Netherlands), and Kanegrade Limited (UK).

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