Top Market Shifts Transforming the Juice Concentrates Market Landscape: Key Insights

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How Large Will the Juice Concentrates Market Size By 2025?
In the past few years, the juice concentrates market has been successful in experiencing considerable growth. The market, which is expected to rise from $64.11 billion in 2024 to $67.8 billion in 2025, is predicted to have a compound annual growth rate (CAGR) of 5.8%. The growth observed during the historic period can be linked to an increase in demand for convenience foods, a wider variety of flavors, expansion in retail channels, global trade expansion, and a shift toward healthier beverage options.

How Big Is the Juice Concentrates Market Size Expected to Grow by 2029?
The market size of juice concentrates is predicted to significantly expand in the coming years, reaching a value of $88.59 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%. The projected growth in the future can be linked to changing eating habits, the clean label trend, commitment to sustainability, a raised understanding of health advantages, and customer preferences for unique flavors. The prominent trends for the forecast period comprise plant-based substitutes, options with low or no sugar, the application of blockchain technology, intelligent packaging, and premium products.

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Which Key Market Drivers Powering Juice Concentrates Market Expansion and Growth?
The burgeoning preference among consumers for easy-to-consume food and drink items is fueling the expansion of the juice concentrates market. Processed foods that require little to no preparation, typically found in restaurants or grocery stores, are referred to as convenience foods. These may include products that can be consumed at room temperature, frozen goods, or items that maintain stability over time. Juice concentrates are used to amplify the natural colors, flavors, and sweeteners in food and drink items, offering a low-cost and equally nutritious alternative. These concentrates are also high in antioxidants, making them an appealing choice for price-sensitive consumers. For example, data released in April 2024 by the National Association of Convenience Stores (NACS) in the US indicated that foodservice sales comprised 26.9% of in-store sales in 2023. This was an increase from 25.6% the previous year. Sales of prepared food rose by 12.2% for each store, every month, thereby becoming the top in-store category. Consequently, the expanding consumer demand for convenience in food and drink items is predicted to catalyze the growth of the juice concentrates market in the future.

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Which Fast-Growing Trends Are Poised to Disrupt the Juice Concentrates Market?
A key trend on the rise in the juice concentrates market involves strategic collaborations and partnerships. These partnerships are aimed at developing innovative products and enhancing market presence. For example, in January 2024, Better Juice, Ltd., a company in Israel renowned for its sugar-reducing technology, entered a partnership with a United States company called Ingredion, Inc., which is known for offering specialty ingredients to the food and beverage industry. Ingredion Ventures, Ingredion's investment branch, is leading the Series A funding round for Better Juice, hastening its innovative sugar reduction solution's entry into the U.S. juice market. This sophisticated technology from Better Juice effectively removes simple sugars from juice-based beverages, concentrates, and other liquids rich in natural sugars.

What Are the Emerging Segments in the Juice Concentrates Market?
The juice concentrates market covered in this report is segmented -

1) By Type: Fruit, Vegetables
2) By Nature: Organic Juice Concentrate, Conventional Juice Concentrate
3) By Form: Clear Concentrate, Powdered Concentrate, Frozen Concentrate
4) By Application: Beverages, Soups And Sauces, Dairy, Bakery And Confectionery, Other Applications
5) By End Use: Food Industry, Beverage Industry, Foodservice, Retail Or Household

Subsegments:
1) By Fruit: Citrus Juice Concentrators, Non-Citrus Juice Concentrators, Mixed Fruit Juice Concentrators
2) By Vegetables: Tomato Juice Concentrators, Carrot Juice Concentrators, Green Vegetable Juice Concentrators, Mixed Vegetable Juice Concentrators

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Who Are the Global Leaders in the Juice Concentrates Market?
Major companies operating in the juice concentrates market include The Archer-Daniels-Midland Company, Louis Dreyfus Company B V, Kerry Group plc, Südzucker AG, Ingredion Incorporated, Symrise AG, AGRANA Beteiligungs-AG, Sensient Technologies Corp, NW Naturals Inc., Welch Foods Inc., DOHLER GmbH, Diana Group, Tree Top Inc., SunOpta Inc., Bell Flavors & Fragrances GmbH, Ventura Coastal LLC, FruitSmart Inc., Milne Fruit Products Inc., Kanegrade Limited, Prodalim Group, Northwest Naturals LLC, SVZ International B.V, IPRONA SpA, Lemonconcentrate SLU, Flingo Foods And Agro P. Ltd., Encore Fruit Marketing Inc., Tricom Fruit Products Limited, Muhtaroglu Group, Nam Viet Foods & Beverage JSC, Steinhauser Group, Shimla Hills, Bösch Boden Spies GmbH & Co KG, Binder International GmbH & Co KG, China Haisheng Juice Holdings Co Ltd., AGRO-WODZISLAW Sp. z o.o. ., beckers bester GmbH, AMAZONAS Naturprodukte GmbH

Which are the Top Profitable Regional Markets for the Juice Concentrates Industry?
North America was the largest region in the juice concentrates market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the juice concentrates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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