Juice Concentrates Market Trend And Opportunities By Forecast 2028

According to Premium Market Insights new research study on "Juice Concentrates Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Category, Form, and Application" includes the description of factors fueling the market growth, estimation and forecast of revenue, and identification of significant market players and their key developments. The report also provides a market share analysis.

The juice concentrates market is expected to grow from US$ 67,210.96 million in 2022 to US$ 97,541.12 million by 2028; it is estimated to register a CAGR of 6.4% from 2022 to 2028.

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Some Of the Major Players Influencing are Ciatti Co, Berrifine AS, Archer-Daniels-Midland Co, AGRANA Beteiligungs AG, Dohler GmbH, Kanegrade Ltd, CitroGlobe SRL, SVZ International BV, and IPRONA SpA are a few of the key players operating in the juice concentrates market. These players engage in developing affordable and innovative products to meet the rising customer demands and expand their market share.

Juice concentrates are made by extracting water from fruit and vegetable juices. Depending on the type of fruits and vegetables used during the process, these concentrates offer essential nutrients such as minerals and vitamins. The juice concentrates are highly processed in comparison to the raw juices. The water is extracted in juice concentrates as it helps in reducing bacterial growth. The juice concentrates are generally stored at room temperature or frozen and then diluted in filtered water before consumption. The fruit concentrates are rich in vitamin C and other antioxidants that help promote skin health and slow down the effects of skin aging. It is usually consumed by consumers as a healthy alternative to freshly squeezed juice.

Based on form, the juice concentrates market is bifurcated into powder and liquid. The liquid segment held a larger market share in 2022, and the powder segment is expected to register a higher CAGR during the forecast period. The powder form of fruit and vegetable concentrates is obtained from liquid extracts that are dried to make the finished product. Spray drying is the most common method used to dry the liquid form. A powdered form of juice concentrate is gaining popularity due to its benefits, as it is often easier to use in manufacturing food and beverages. The powder form reduces the risk of spilling and can be shipped easily. The powdered juice concentrates are more concentrated than liquids and help deliver more essential ingredients per application.

The juice concentrates market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. Europe held the largest market share in 2021, and Asia Pacific is expected to register the highest CAGR during the forecast period. The market growth in Asia Pacific is attributed to rapid growth in the food & beverages industry, including the convenience & health food industry. Juice concentrate is a natural sugar substitute in bakery, confectionery, and dairy products. As people are becoming more aware of the negative impact of artificial sugar in various food and beverages, the demand for juice concentrates is increasing across the region.

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The COVID-19 pandemic affected economies and industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America, and the Middle East & Africa (MEA) hampered the growth of several industries, including the food & beverages industry. The shutdown of manufacturing units disrupted global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Moreover, the bans imposed by governments of various countries in Europe, Asia Pacific, and North America on international travel compelled companies to temporarily discontinue their collaboration and partnership plans. All these factors hampered various industries in 2020 and early 2021, thereby restraining the growth of various markets, including the juice concentrates market.
In addition, in 2021, several economies resumed operation as governments of various countries announced relaxation in the previously imposed restrictions, which boosted the global marketplace. Moreover, manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap and other repercussions. As a majority of the global population was fully vaccinated by 2021, the juice concentrate manufacturers were focused on increasing their production to revive their businesses.
North America was adversely affected by the COVID-19 pandemic. In North America, the operations associated with product manufacturing and raw material sourcing experienced several disruptions, which hampered the growth of the juice concentrates market after the onset of the COVID-19 pandemic. In addition, the overall disruption in research and development activities limited the development of new products. However, the demand for juice concentrates increased owing to the well-established food & beverages industry and a rise in demand for ingredients that retain 100% nutritional value. This factor is expected to support the juice concentrates market growth across North America over the forecast period.

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The report segments the juice concentrates market as follows:
Based on type, the juice concentrates market is bifurcated into fruit juice concentrates and vegetable juice concentrates. Based on category, the market is divided into organic and conventional. Based on form, the juice concentrates market is bifurcated into powder and liquid. Based on application, the juice concentrates market is segmented into bakery and confectionery; beverages; soups, sauces, and condiments; dairy and frozen dessert; and others. Based on geography, the juice concentrates market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

Table Of Contents
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic Factor Analysis:
3.2.5 Developing Base Number:
3.2.6 Data Triangulation:
3.2.7 Country Level Data:
4. Juice Concentrates Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material Supplier
4.4.2 Production Process
4.4.3 End Users
5. Juice Concentrates Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Natural Food Products
5.1.2 Growing Application of Juice Concentrates
5.2 Market Restraints
5.2.1 Fluctuation in Raw Material Prices
5.3 Market Opportunities
5.3.1 Strategic Developments by Key Market Players
5.4 Future Trends
5.4.1 Demand for Organic and Clean Label Products
5.5 Impact Analysis of Drivers and Restraints
Continued…...!

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