Expert Market Research’s ‘Global Fruit Concentrate Market Size, Report and Forecast 2023-2028’ provides a broad perspective of the global Fruit Concentrate market, assessing the market on the basis of its segments like fruit types, shape, applications, distribution channels, and main regions.
Fruit Concentrate Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
Highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.6%
|CAGR growth rate
||Ingredion Inc., Kerry Inc., SunOpta, Archer Daniels Midland Company and Döhler GmbH,
The global fruit concentrates market is expected to register growth during the forecast period due to the increase in consumption and demand for products produced from natural and organic fruits. This is due to the increasing efforts of consumers towards healthy eating habits and lifestyle changes. Furthermore, the increased awareness among consumers of the health benefits of juice concentrates is expected to fuel the growth of the fruit concentrate market across the globe in the coming years.
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Fruit concentrate contains minerals, vitamins and other nutrients that are likely to positively influence the market demand for fruit concentrate among consumers. The growing popularity of convenient and tasty food and beverage products is expected to enhance the market for fruit concentrates. With the growing demand for flavored food products and increasing investments from large international companies, the growth of the fruit concentrate market is expected to grow during the forecast period.
Fruit Concentrate Industry Definition and Major Segments
Fruit concentrates are concentrated versions of fruit with water extracted from the original fruit, through an advanced filtration and extraction process. They retain flavor, calories, and sugar, but lose volume and fiber. Fruit concentrates are generally used as a base for different food products and have larger applications with a longer shelf life. By removing the water, bacterial growth is slowed down, which extends the shelf life.
Depending on the type of fruit, the market is segmented into:
• Citric fruits
• Red Fruits and Berries
• Tropical fruits
By form, the market is divided into:
• Liquid Concentrate
• Powder concentrate
On the basis of the application, the market is categorized into:
• Dairy products
According to the distribution channel, the market is segmented into:
• Hypermarkets and Supermarkets
• Convenience stores
• Specialized stores
• Online stores
According to the region, the market is divided into:
• North America
• Latin America
• Pacific Asia
• Middle East and Africa
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Fruit Concentrate Market Trends
The increasing consumption of liquid fruit concentrate is expected to enhance the growth of the fruit concentrate market as it is easily mixed into any product. Its role as a flavoring agent is increasing, with increased demand for fruit-flavoured baked goods, yogurts, desserts, and drinks. Due to the rapid growth of the food and beverage industry and the changing food preferences of consumers, the fruit concentrate market is expected to grow in the coming years.
Geographically, the North American region is anticipated to drive the growth of the fruit concentrates market due to increasing demand for natural food products. Rising health awareness among consumers and growing demand for minimally processed fruit concentrates are expected to fuel the growth of the fruit concentrates market across the region. The presence of key market players such as Ingredion Inc. and SunOpta among others is likely to promote the growth of the fruit concentrate market in the North American region.
Meanwhile, Europe is anticipated to gain momentum in the coming years in the growth of the fruit concentrate market due to increasing demand for ready-to-go fruit-based beverages coupled with the growing beverage industry in the region.
Key Market Players
The Major Players Listed in the Global Fruit Concentrate Market are:
- Ingredion Inc.
- Kerry Inc.
- Archer Daniels Midland Company
- Dohler GmbH
The report covers market shares, capacities, plant changes, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market along with their impact on the entire market. It also analyzes the market demand, along with its prices and demand indicators. The report also tracks the market on the basis of Porter’s SWOT and Five Forces models.
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