Global Juice Concentrates Market: A Growing Demand for Healthy Lifestyles and Innovative Products

A research report titled "Juice Concentrates Market by Type, Application, Ingredient, Form, and Region - Global Forecast to 2027" published by MarketsandMarkets has highlighted significant trends and projections in the juice concentrates market. According to the report, the global juice concentrates market was valued at USD 73.7 billion in 2022, with an estimated CAGR of 4.9% leading it to reach USD 93.7 billion by 2027.

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The increasing adoption of clean and healthy lifestyles has driven global consumers towards fruit and vegetable juice concentrates. Various industries, including food and beverages, bakery, and dairy, are witnessing a rising demand for these concentrates, prompting manufacturers to introduce innovative products to meet this demand.

Key Insights from the Report:

Orange Concentrates Lead with High CAGR: The report projects that oranges will experience the highest Compound Annual Growth Rate (CAGR) in terms of value during the forecast period. The demand for orange concentrates is driven by their rich vitamin C content, making them popular for their immunity-boosting, cognitive-enhancing, and mood-lifting properties. Consumers seek functional benefits in their fruit juices, driving a demand for blends with other botanical, berry, and citrus elements.

Rise in Powdered Concentrates for Bakery Applications: In the bakery and confectionery industry, powdered juice concentrates are gaining traction as flavoring agents. Juice concentrates serve as natural sweeteners and colorants, enhancing the flavor profile of baked products. They are considered a healthier alternative to plain water, appealing to health-conscious consumers. Manufacturers are incorporating fruit and vegetable components to increase nutritional content and cater to both health-conscious and indulgence-seeking consumers.

Dominance of Beverages Segment: The beverage industry plays a pivotal role in driving the global juice concentrates market. Manufacturers are introducing innovative products to cater to consumer preferences for fruit-flavored drinks. Health-conscious consumers drive demand for nutritious beverages, including energy drinks, where juice concentrates offer essential nutrition. The demand for fruit concentrates in flavored milk, particularly in developed regions like Europe, is also contributing to market growth.

North America's Significant Role: The North American juice concentrates market holds a prominent share, especially in fruits like cranberry, lime, and lemon. The US is a major contributor to global cranberry production. Canada and Mexico are also significant players in this market. Manufacturers in North America are influenced by factors such as changing per capita income, health trends, substitute prices, and weather conditions. Convenience food demand provides growth opportunities for juice concentrate manufacturers in this region.

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Key Players in the Market:

Prominent players in the juice concentrates 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).

The global juice concentrates market's dynamic growth is driven by the increasing demand for healthier products, innovative blends, and convenient food options. The market continues to evolve as consumers prioritize wellness and seek diverse and nutritious beverages and bakery products.

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