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Juices And Juice Concentrates Market Size Forecasted To Achieve $44.35 Billion By 2029 With Steady Growth
The Juices And Juice Concentrates Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Juices And Juice Concentrates Market Size During the Forecast Period?
In recent times, the market size of juices and juice concentrates has demonstrated consistent growth. The market is projected to expand from $37.09 billion in 2024 to $38.42 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%. Factors such as the emphasis on health and wellness, innovation in flavors, convenience and consumption on-the-go, strategic marketing and branding, together with increasing disposable income drove growth during the historic period.
In the coming years, the market size for juices and juice concentrates is forecasted to experience consistent growth, reaching $44.35 billion in 2029 with a compound annual growth rate (CAGR) of 3.7%. Factors contributing to this projected growth during the forecast period include the use of functional ingredients, adoption of sustainability practices, increased health awareness, transparency and clean labeling, as well as personalization trends. Furthermore, the forecast period is also predicted to see major trends such as the use of innovative processing technologies, digital marketing and e-commerce, functional health-boosting varieties, utilization of clean labels and natural ingredients, reduction of sugar and availability of low-calorie options, along with the emergence of cold-pressed and raw juices.
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What Are the Major Segments in the Juices And Juice Concentrates Market?
The juices and juice concentrates market covered in this report is segmented -
1) By Type: Juices, Juice Concentrates
2) By Concentration: Concentrated, Non-concentrated
3) By Distribution Channel: Super market Or Hyper markets, Convenience Stores, Specialty Food Stores, Online Retail, Other Distribution Channels
4) By Application: Bakery And Confectionery, Beverages, Dairy Food, Soups And Sauces, Other Applications
Subsegments:
1) By Juices, 100% Juice, Nectar, Juice Drinks
2) By Juice Concentrates, Single Fruit Concentrates, Multi-Fruit Concentrates, Organic Juice Concentrates
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What Are The Driving Juices And Juice Concentrates Market Evolution?
The growth of the juices and juice concentrates market is believed to be fueled by the expansion of the food and beverage sector. This sector consists of all firms involved in the processing, packaging, and distribution of raw food materials. In the pursuit of healthier beverage alternatives, consumers are turning to juices and juice concentrates as substitutes for sugar and flavor-enhancing agents in their drinks, bolstering the demand for healthy beverage choices. This, in turn, encourages growth in the juices and juice concentrate market. As an example, a FoodDrinkEurope report published in December 2022 revealed that the turnover of the EU food and drink industry, a renowned food industry group in the European Union, rose from €1,093 billion ($1157 billion) in 2021 to €1,121 billion ($1185.74 billion) in 2022. Consequently, the expansion of the food and beverage sector is propelling the growth of the juices and juice concentrates market.
Which Firms Dominate The Juices And Juice Concentrates Market Segments?
Major companies operating in the juices and juice concentrates market include Welch Foods Inc., SVZ International B.V., Sudzucker AG, Ingredion Incorporated, DöhlerGroup, Symrise AG, Kanegrade Limited, The Archer-Daniels-Midland Company, Ocean Spray Cranberries Inc., Del Monte Pacific Ltd., Keurig Dr Pepper Inc., Nestle S.A., PepsiCo Inc., The Coca-Cola Company, Northwest Naturals LLC, IPRONA S.p.A., Kerry Group plc, Kirin Holdings Company Limited, AGRANA Beteiligungs AG, CitroGlobe Srl, Ciatti Company, Berrifine AS, Tampico Beverages Inc., SunOpta Inc., Tree Top Inc., Tropicana Products Inc., Citrosuco, Louis Dreyfus Company B.V., China Haisheng Juice Holdings Co. Ltd., Refresco Group BV
What Trends Are Expected to Dominate the Juices And Juice Concentrates Market in the Next 5 Years?
The principal trend gaining traction in the juices and juice concentrates market is product innovation. The predominant firms in this sector are focusing on the creation of new products to reinforce their market stance. An example of this is the October 2022 launch by The EVERY Co., a U.S.-based biotech company that engineers proteins and other products traditionally derived from animals, of BUILD in collaboration with Pulp Culture+. BUILD is the first-ever hard juice in the world to be fortified with proteins, marking it as a uniquely hyper-functional full spectrum drink laced with probiotics, adaptogens, super fruits, superfoods that have had their sources verified, and animal-free EVERY Protein. In the absence of sugar, masking agents, or any other unnecessary additives, it incorporates trendy components like cordyceps, ashwagandha, and 5 grams of protein.
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Which Is The Largest Region In The Juices And Juice Concentrates Market?
Asia-Pacific was the largest region in the juices and juice concentrates market in 2024. The regions covered in the juices and juice concentrates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Juices And Juice Concentrates Market?
2. What is the CAGR expected in the Juices And Juice Concentrates Market?
3. What Are the Key Innovations Transforming the Juices And Juice Concentrates Industry?
4. Which Region Is Leading the Juices And Juice Concentrates Market?
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