Global Concentrated Fruit Juice Market: Boosted by Increasing Acceptance of Convenience Foods

According to the latest report published by Variant Market Research, the global Concentrated Fruit Juice market size was valued at $54.3 billion in 2016, and is estimated to reach $88 billion by 2024. In this report, the global concentrated fruit juice market forecast says that the global market is growing at a CAGR of 6.2% from 2016 to 2024.

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Huge demand for high scale of volume in the beverages industry fuels the concentrated fruit juice market

The global concentrated fruit juice market trend includes reduced logistical and storage costs, surging demand for high scale of volume in the beverages industry, and growing acceptance of convenience foods. Besides, awareness of the adverse effects of excess fructose consumption may hamper the market growth. Furthermore, advancement in the food processing industry, and improved disposable income are the factors which are expected to generated new growth avenues for the market in the forthcoming years.

Market Segmentation

Major segments considered in the global market is given as product type, application, and geography. On the basis of product type, the segmentation includes alcohol stable, carbonate stable, and clarified. Furthermore, confectionary, bakery, dairy, beverages, and others are the global concentrated fruit juice application.

Geographically, the market has been bifurcated into North America, Europe, Asia-Pacific, and RoW. North America (U.S., Mexico, and Canada), Europe (Spain, Germany, Italy, UK, France, and Rest of Europe), Asia-Pacific (Japan, China, India, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

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Clarified, by product type segment accounted for the major concentrated fruit juice market share in 2016

Clarified dominated the product type segment with largest market share in 2016, and is likely to continue its trend during the forecast period 2016 – 2024. Th high growth is attributed due to increasing health awareness among consumers and increasing use of these juices in many food recipes.
Beverage contributed for the highest market share in the application segment
In 2016, beverage accounted for the principal market share in 2016, in the application segment, and is anticipated to endure its dominance over the forecast period 2016 – 2024. The growth is credited to large-scale applications of concentrated fruit juice in foods and increasing demand for fruit juice based beverages.

Europe occupied the foremost market share in the global market in 2016

Europe generated the highest revenue in the global market accounting for 37% of the total market share in 2016, and is likely to continue its trend throughout the forecast period. The high growth is seen due to the technological developments in the food processing industry, and presence of some of the prominent concentrated fruit juice manufacturers in the region.
Apart from this, Australia in Asia-Pacific region is also witnessing a significant demand in the market due to availability of large number of fruits in the country.

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Competitive Landscape

Key players profiled in the report include AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Döhler, Ingredion Incorporated, Future FinTech Group Inc., Diana Group, SunOpta, Ciatti Company, SVZ Industrial Fruit & Vegetable Ingredients, Sudzucker AG, among others.

Scope of the Global Concentrated Fruit Juice Market

Product Type segments
• Carbonate Stable
• Clarified
• Alcohol Stable
Application Segments
• Bakery
• Beverage
• Dairy
• Confectionary
• Other Applications
Geographical Segments
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• RoW
o South America
o Middle East
o Africa

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