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Global Juice Concentrates Market 2023 Dynamic Demand, Industry Insights, Growth Trends And Top Key Players Analysis Till 2032 | The Archer-Daniels-Midland Company, BMT Weiser LLC, Südzucker AG, Döhler, Encore Fruit Marketing Inc
Juice Concentrates Market
The Business Research Company's Template Global Market Report 2023 identifies The rise in consumer preference for convenient food and beverage products as the major driver for the Juice Concentrates Market's growth in the forecast period. Convenient or convenience foods refer to processed foods that are ready-to-eat commonly served at restaurants or sold at grocery stores such as room-temperature products, shelf-stable products, or frozen products that can be prepared and consumed directly with minimum or no effort in preparation. Juice concentrates are used to enhance natural colors, flavors, and sweeteners in food and beverage products and provide a more convenient, affordable, and equally healthy source of antioxidants that attract most low-income consumers.
The global juice concentrates market size is expected to grow from $57.28 billion in 2022 to $ 60.65 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global juice concentrates market is expected to grow to $75.21 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the Juice Concentrates Market are The Archer-Daniels-Midland Company, BMT Weiser LLC, Südzucker AG, Döhler, Encore Fruit Marketing Inc., Flingo Foods And Agro P. Ltd., IPRONA SpA, Kanegrade Limited, Kerry Group, Ingredion Incorporated, SunOpta Inc., NW Naturals, Inc., Tricom Fruit Products Limited, Muhtaroglu Group, AGRANA Beteiligungs-AG, Lemonconcentrate, Louis Dreyfus Company B V, Nam Viet, Steinhauser Group, FruitSmart, Diana Group, Ciatti Company, Sensient Technologies, Symrise AG, Milne Fruit Products, Ventura Coastal LLC, Sleaford Quality Foods, Welch Foods Inc., Prodalim Group, Bell Flavors & Fragrances, and Shimla Hills.
A key trend in the Juice Concentrates Market includes Strategic collaborations. Companies in the market are focusing on partnerships to develop innovative products and improve market presence. For instance, in September 2021, French premium chocolate manufacturer, Valrhona collaborated with Switzerland based fruit juice products company, Koa to create Oabika, a new cocoa fruit juice concentrate for chefs and gastronomy professionals. The collaboration taps into the trend of using upcycled ingredients that complements the range of cocoa fruit ingredients. The new product is suitable for many applications, including ganache, jellies, mousses, toppings, sauces, glazes, creams, ice creams, sorbets, and beverages.
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The Juice Concentrates Market is segmented -
By Type: Fruit, Vegetables
By Nature: Organic Juice Concentrate, Conventional Juice Concentrate
By Form: Clear Concentrate, Powdered Concentrate, Frozen Concentrate
By Application: Beverages, Soups and Sauces, Dairy, Bakery and Confectionery, Other Applications
By End Use: Food Industry, Beverage Industry, Foodservice, Retail/Household
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Juice Concentrates Market.
The Business Research Company's "Global Juice Concentrates Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Juice Concentrates Market Include:
1. Executive Summary
2. Juice Concentrates Market Characteristics
3. Juice Concentrates Market Trends And Strategies
4. Juice Concentrates Market - Macro Economic Scenario
5. Juice Concentrates Market Size And Growth
……
26. Africa Juice Concentrates Market
27. Juice Concentrates Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Juice Concentrates Market
29. Juice Concentrates Market Future Outlook and Potential Analysis
30. Appendix
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