Overview of the global juice concentrate market

The growing concerns about the safety of food and beverages is compelling consumers to prefer more healthy options. This induced manufacturers to come up with a preservation method called aseptic processing. This helps in the manufacture of juice concentrates without adding any synthetic and chemical preservatives. Technavio's market research report identifies that the increasing demand for aseptic juice concentrates will be one of the primary growth drivers for the global juice concentrate market till 2021. Aseptic juice concentrates increase the shelf life of juice concentrates, maintains its quality, and optimizes its transportation and storage cost. Gat Foods, Berrico, and Able Sales Company are some of the popular players that sell aseptic juice concentrates. It has been anticipated that more players will adopt aseptic processing to manufacture juice concentrates in the forthcoming years. Technavio's market research analysts predict that this market will grow at a CAGR of close to 7% by 2021.

The juice concentrate market is witnessing growth in EMEA because Western European countries like Germany, France, and the UK, extensively consume frozen juice concentrate products. A large number of beverages, bakery, and confectionery item manufacturers are also adding juice concentrates in their items. It has been observed that the cost of fruit concentrate products is becoming more stable in countries such as the UAE. Additionally, juice manufacturers are also selling multi-fruit concentrates at higher prices.

Competitive landscape and key vendors

The juice concentrate market is characterized by the presence of many vendors. These vendors are increasingly competing against each other based on factors such as price, quality, innovation, packaging, reputation, marketing channels, and distribution. The competition among players along with the rapid technological changes will intensify  the competitive environment of this market. Vendors are distinguishing their offerings through their unique value proposition (USP) to survive and succeed in this competitive environment.

Key vendors in this market are -

• AGRANA Beteiligungs
• Archer Daniels Midland
• Ingredion
• SVZ Industrial Fruit & Vegetable Ingredients
• SunOpta

Other prominent vendors in the market include Cobell, DÖHLER, FruitSmart, GRUENEWALD INTERNATIONAL, Kanegrade, Lakeside Food Sales, Milne, Northwest Naturals, Old Orchard Brands, Steinhauser Group, Vegetable Juices, and Welch's.

Segmentation by product type and analysis of the juice concentrate market

• Fruit juice concentrate
• Vegetable juice concentrate

Beverage manufacturers increasingly produce fruit juice concentrate or concentrated fruit juice products because they are high in demand. The demand for juice concentrates will continue to grow because they are considered as good substitutes for sugar. The rising health-consciousness among consumers will further boost the purchase of fruit juice concentrates in the forthcoming years. Fruit concentrates have longer storage periods and provide a soft texture to products due to the chemical nature of the fructose in fruits.

Segmentation by application and analysis of the juice concentrate market

• Beverages
• Bakery, confectionery, and dairy products
• Soups and sauces

Manufracturers use juice concentrates made from fruits such as grapes, apples, and guavas in alcoholic beverages such as ciders, spirits, and beer. The addition of juice concentrates in beverages reduces the overall weight and volume of beverages. A variety of fruit and vegetable concentrates are used in non-alcoholic beverages such as juices and syrups. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global juice concentrate market?
• What are the key market trends impacting the growth of the global juice concentrate market?
• What are the challenges to market growth?
• Who are the key vendors in the global juice concentrate market?
• What are the market opportunities and threats faced by the vendors in the global juice concentrate market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global juice concentrate market?

Technavio also offers customization on reports based on specific client requirement. 

Juice concentrates are produced after dehydrating the fruit and vegetable juices by a process called concentration. In this process, almost 80% of the water is removed and the pulp which is left over is known as a juice concentrate. It normally has a higher shelf life and is cheaper than the original juice derived from the fruits and vegetables. This upcoming market research report on the global juice concentrate market is an essential part of Technavio's food and beverage and offers key insights into the market space for the food sector. The report also identifies Kanegrade Limited, SVZ International B V, Skypeople Fruit Juice Inc., Sudzucker AG, Sunopta Inc., Ciatti, Agrana Group, Archer Daniels Midland Company, Diana Naturals, Doehler Group, and Ingredion Incorporated as some of the vendors affecting the competitive landscape of the market.

To understand the current market scenario in-depth, market research analyst at Technavio follow a mix of detailed primary and secondary research by analyzing factors such as market size, key vendors, changing customer behavior, and demand across geographic regions.  Primary and secondary research is conducted by gathering data and insights from trusted sources such as suppliers, manufacturers, consumers, vendors, experts, and other key stakeholders. These reports provide the clients with data-driven decision-making capability to ensure they make optimal use of their marketing spends to ameliorate ROIs.

To offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global light commercial vehicle market also covers geographies like the Americas, EMEA, and APAC. Our analysts predict that the demand for juice concentrate could be driven by demand from end consumers as juice concentrate have a higher shelf life.

The report also highlights the key drivers, competitive intelligence, demand-supply gaps, emerging geographic regions, as well as the restraints that the food sector currently experiences. It also presents insights into the rapidly altering competitive scenario to give clients a precise picture of the upcoming events within the food and beverage industry. Technavio also provides deep-dive market assessments into alcoholic beverage and food service sectors.

Our market research methodology for the global juice concentrate market

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