Organic Juice Concentrate Market Surges as Health-conscious Consumers Drive Demand: Industry Valued at US$ 57,618 Million in 2023, Expected to Reach US$ 94,645 Million by 2033

The juice concentrate market size is projected to be valued at US$ 57,618.0 million in 2023 and is expected to rise to US$ 94,645.1 million by 2033. The sales of juice concentrate are expected to secure a significant CAGR of 5.0% during the forecast period.

Because they are made without chemicals or pesticides and have nutritious ingredients, organic foods are gaining popularity among customers. There is a rising need for organic juice concentrate that tastes and smells like fruit as consumers become more health-conscious.

Unlock Insights into the Juice Concentrate Market - Get a Glimpse with Our Sample Report :
https://www.futuremarketinsights.com/reports/sample/rep-gb-12770  

In restaurants, bars, and other high-volume food service outlets where food and beverages are consumed in massive amounts, juice concentrates are used. Among the food service goods available are fruit flavours, beverage solutions (premix), and fruit juice concentrates with premium syrups. Sundaes, ice cream, drinks, milkshakes, smoothies, and bakery goods all contain these ingredients.

Customers are willing to pay more for specially made premium foods and drinks because of their excellent and distinctive flavours, textures, and flavours. By offering a wide selection of cutting-edge beverage solutions with a high fruit content, experience, and competence, the food service sector makes sure that it lives up to the expectations of its clients.

Key Takeaways from the Juice Concentrate Market:

Bakery & confectionery, dairy, beverages, and soups & sauces are the application segments. With a market share of around 27% in 2023, the beverages segment dominated the market. Fruit and vegetables are required to meet consumer demand in the sizable market for soft drinks in developing countries such as China and India.
The type segment is divided into two categories: vegetable and fruit. With a market share of around 52.7% in 2022, the fruit segment dominated the market. Fruit juice concentrates, such as apple and pear concentrates, are used as sugar substitutes in the bakery and sweets industry when making cookies, cakes, muffins, and pastries.
Currently, India holds a commanding growth rate of 30.7% in the Asia Pacific region. The expansion of easy-to-drink beverages and healthy food is critical to the growth of the juice concentrates market. The demand for juice concentrates is expected to rise in the Asia Pacific region as a result of changing diets in western countries, rising net income, and changing lifestyles in the region.
The form segment is divided into two categories: liquid and powder. With a market share of around 57.7% in 2022, the liquid segment dominated the market. Because of its ease of use and consumption, preparation is far more suitable and accessible, especially when time is of the essence. As a result, it is widely consumed by working people who have little or no time to prepare food.

Competitive Landscape:

The global juice concentrate market is highly competitive due to the presence of numerous domestic and international players. The key global strategies adopted by the leading companies in the fruit concentrate market are new product launches, partnerships, expansions, and acquisitions. Döhler, Ingredion Inc., Kerry Inc., and Archer Daniels Midland Company are some key global fruit concentrate market players.

Latest Developments:

Kerry Group plc debuted an extract technology in September 2020 that allows innovators to formulate citrus fruit flavor essences labeled as natural extracts. The technology gives flavored NPD a long, full-bodied finish. It is labeled as New! The solution, Citrus Extract, was created using Kerry's non-thermal liquid/liquid extraction process, which yields highly concentrated extracts with significantly low levels of terpenes and sesquiterpenes.

In December 2020, Vie-Del Company, California's oldest family-owned processor and supplier of bulk juices, concentrates, brandy, wine, and spirits, announced the acquisition of Constellation Brands U.S. Operations Inc., a wholly-owned subsidiary of Constellation Brands Inc., of the Canandaigua Concentrate High-Color Concentrate and standard concentrate business lines.

Elevate Your Beverage Offerings with Premium Juice Concentrates - Buy Now to Stay Ahead of Customer Expectations :
https://www.futuremarketinsights.com/checkout/12770 

Key segments

Product Type:

Vegetables
Fruits

By Form:

Powder
Liquid

End Use:

Food and Beverage Industry
Confectionery & Bakery
Dairy Products
Soft Drinks
Tea
Alcoholic Beverages
Dietary Supplements
Cosmetics & Personal Care Industry
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.

This release was published on openPR.