Enjoy complimentary customisation on priority with our Enterprise License!
The juice concentrate market size is forecast to increase by USD 19.89 billion between 2022 and 2027, accelerating at a CAGR of 5.03%. The market's trajectory is influenced by several pivotal factors. The rising trend of health-conscious consumers serves as a driving force, compelling companies to innovate and offer healthier product options. Moreover, the increasing number of product launches caters to evolving consumer preferences and demands, ensuring a diverse range of choices in the market. Additionally, the growth of organized retailing plays a crucial role in expanding market reach and accessibility, providing consumers with convenient access to a wide array of products. These factors collectively shape the market landscape, fostering competition, innovation, and market growth. As health consciousness continues to rise and retail infrastructure expands, the market is poised for sustained expansion and evolution to meet consumer needs effectively.
To learn more about this report, Download Report Sample
The market growth and forecasting includes a comprehensive outlook on the Juice Concentrate Market, offering forecasts for the industry segmented by Application which comprises Beverages, Bakery/confectionery and dairy, Soups and sauces, and Others. Additionally, it categorizes Product Type into Fruit juice and Vegetable juice and covers Geography regions, including Europe, North America, APAC, South America, and Middle East and Africa.
The market is driven by its versatility and convenience, offering a concentrated liquid form with extended shelf life and consistent flavor. Consumers increasingly seek natural options such as natural colors and sustainable products, driving demand for concentrates in various food and beverage products like soft drinks, jams, and baby foods. However, challenges persist, including high shipping costs and the need for sustainable raw material procurement. Meeting these challenges requires multi-stage processing, sustainable food sourcing practices, and innovative solutions to maintain flavor and reduce environmental impact amidst rising demand for commercial beverages and plant-based options.
One of the key factors driving the market growth is the rise in health-conscious consumers. There is a rapid change in consumer lifestyles and an increasing shift toward healthy eatables due to urbanization and consumerism. In addition. There is a growing health consciousness among consumers due to which there is an increasing preference for making juices, smoothies, and soups at home. as juices are an ideal way to increase the intake of fruits and vegetables. Moreover, juices are a key source of vitamins and minerals, which makes it easier to reach the recommended daily servings of many essential nutrients.
Additionally, the growth in the penetration of the Internet, the increase in customers' trust in online retailing, the availability of quick shipping, and consumer choices play a significant role in driving the global e-commerce market (including the US). Therefore, the growing health consciousness in people is positively impacting the market which in turn will drive the market growth during the forecast period.
In the realm of beverages, juice concentrate stands out as a versatile ingredient offering numerous advantages. With its concentrated liquid form, it facilitates easy transportation and storage, reducing shipping costs and ensuring a longer shelf life. Renowned for its consistent flavor and ability to enhance various food and beverage products, juice concentrate caters to diverse consumer preferences. Its popularity extends to a wide array of products, including soft drinks, jams, jellies, and baby foods, reflecting the robust demand for juice concentrates. Embracing innovative and sustainable practices, manufacturers prioritize sustainability and organic produce, contributing to the growth of the market.
The beverages segment is estimated to witness significant growth during the forecast period. There is an increasing prevalence of health issues among consumers such as obesity and allergies. As a result, there is a rise in the adoption of good eating and drinking habits as people are becoming more health conscious. Furthermore, the preference for natural ingredients-based products increasing among consumers. For instance, the consumption of ready-to-drink products is significant among consumers as they aid in diet balance and a healthy lifestyle.
Europe is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis and drivers that shape the market during the forecast period. Some of the main factors that are significantly contributing to the growth of the global juice concentrate market in Europe are the rising demand for packaged food and beverage goods, along with rising health and nutrition concerns among the consumers in the region.
Additionally, there is a growing focus by consumers on increasing the proportion of fruits and vegetables in their diet, as regular consumption of fruits and vegetables helps counter ailments, including cardiovascular illnesses and certain malignancies. The main consumer cohort for juice concentrates is millennials. Factors such as s the growing health consciousness among millennials and the hectic schedule are positively impacting the market in the region. Therefore, it is expected to drive market growth in the region during the forecast period.
To understand geographic trends Download Report Sample
The Juice Concentrate Market is fragmented in nature. Some significant players include Archer Daniels Midland Co and BMT Commodity Corp.
The market analysis and report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Ciatti Co., Citrus Systems Inc., Cooperatie Koninklijke Cosun UA, Dohler GmbH, Eden Foods Inc., Encore Fruit Marketing Inc., Jain Irrigation Systems Ltd., Kanegrade Ltd., Kerr by Ingredion, Kerry Group Plc, Milne, Northwest Naturals LLC, Sudzucker AG, SunOpta Inc., Symrise AG, Tricom Fruit Products Ltd, Ventura Coastal LLC, and Iprona Spa
The market research and growth research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments.
In the dynamic landscape of beverages, juice concentrates emerge as a pivotal ingredient, offering a myriad of benefits. With a focus on health-conscious consumers, manufacturers prioritize minimizing sugar content while leveraging juice concentrates for their versatile and innovative qualities. The process involves meticulous water removal, resulting in concentrated flavors and enhanced premium juices. Embracing sustainable practices and catering to the rising demand for plant-based beverages, the market witnesses a surge in functional beverages and energy drinks. Consumers seek natural and organic concepts, driving the popularity of NFC juices and clean-labeled products. This trend aligns with the growing emphasis on healthy and sustainable lifestyles, emphasizing the importance of physical health benefits and environmental consciousness in the market.
Further, in the ever-evolving realm of beverages, juice concentrates stand out for their versatility and potential to create innovative and sustainable products. Their usage spans across a wide range of applications, from carbonated water to ready-to-drink beverages, meeting diverse consumer product demands. With a focus on health and wellness, there's a shift towards NFC juices, emphasizing purity and realness. This trend aligns with the growing preference for clean-labeled products made with natural ingredients, colors, and flavors. Additionally, the market witnesses an array of value-added products catering to the demand for a healthy and sustainable lifestyle. Leveraging state-of-the-art technologies, manufacturers produce high-quality juice concentrates with standardized botanical extracts, antioxidants, and individual flavor profiles, reflecting vibrant colors and promoting digestive health and immune support.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.03% |
Market growth 2023-2027 |
USD 19.89 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.24 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 38% |
Key countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Archer Daniels Midland Co., BMT Commodity Corp., Ciatti Co., Citrus Systems Inc., Cooperatie Koninklijke Cosun UA, Dohler GmbH, Eden Foods Inc., Encore Fruit Marketing Inc., Jain Irrigation Systems Ltd., Kanegrade Ltd., Kerr by Ingredion, Kerry Group Plc, Milne, Northwest Naturals LLC, Sudzucker AG, SunOpta Inc., Symrise AG, Tricom Fruit Products Ltd, Ventura Coastal LLC, and Iprona Spa |
Market dynamics |
Parent market growth analysis, Market forecasting, Market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.