Juice Concentrate Market

2020 Analysis and Review: Juice Concentrate Market by Form – Powder and Liquid for 2020-2030

Introduction

The global juice concentrate market is witnessing steady growth, supported by growing demand for healthy, immunity boosting functional foods and beverages.

However, consumer preference toward not-from-concentrate has led to decline in many markets. Overall, global revenues are set to grow steadily, with 1st quarter of 2022 critical for a sustained recovery.

The demand for natural sweeteners instead of sugar is also creating new avenues of growth for juice concentrate industry.

Higher Scope in Functional Foods and Beverages

Functional foods and beverages have made substantial inroads in recent years, with health conscious, millennial consumer demographics displaying greater preference for balanced diets.

Also, the use of juice concentrates in processed foods and beverages helps in the use of fructose instead of sucrose, making end products safer for diabetics, while also improving on the texture and volume of end products, making juice concentrates a popular option in the baking and confectionery sector as well.

Fruit Based Concentrates Witnessing Higher Demand

While juice concentrates are sourced from both, vegetables and fruits, fruit-based variants are surging in popularity. This trend is unlikely to change, owing to consumer preferences in natural beverages, and greater scope of flavorings from fruit sources. Also, the stockpiling behavior of consumers for essentials including fruit beverages will drive demand through the covid-19 pandemic.

Also, fruit-based concentrates are finding roles in bakery and confectionery items owing to sweetener characteristics, which is not available in vegetable variants. Countries in the MEA region have also been reflecting steady growth in demand, with manufacturers even producing multi-fruit concentrates at high profit margins.

US Remains the Most Lucrative Market

North America, followed by Europe are leading regional markets in the juice concentrate industry. Led by demand from the United States, the growing demand for natural foods, coupled with higher awareness regarding processed foods and concerns over nutrition and health are likely to influence demand in the long term.

Also, easier access to tech advancements and growth in working populations and continued expansion of the food and beverage industry, coupled with advances in fruit and vegetable cultivation in the region will aid market developments.

Juice Concentrate Market – Leading Players

FMI has analyzed the following market players in the juice concentrate sector*

  • Northwest Naturals LLC
  • DOHLER GmbH
  • Welch Foods Inc.
  • Ingredion Incorporated
  • FruitSmart
  • Sudzucker AG
  • AGRANA Investment Corp
  • Diana Naturals
  • SVZ International B.V.
  • Prodalim Group
  • Bell Flavors & Fragrances
  • Citromax
  • Carotex Flavors

*This list is indicative- full details about the juice concentrate market players are available upon request.

New product launches, and the resultant expansion of existing product portfolios, in addition to strategic acquisitions and mergers are some of the primary strategies being used by these companies to remain competitive in the market.

Juice Concentrate Market- Report Scope

Attribute

Details

Forecast Period

2020-2030

Historical Data Available for

2015-2019

Market Analysis

US$ Mn for Value 

Key Regions Covered

North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania

Key Countries Covered

U.S., Canada, Brazil, Mexico, Germany, U.K, France, Spain, Italy, BENELUX, Russia, China, India, Japan, South Korea, ASEAN, South Africa, Australia & New Zealand, and GCC

Key Segments Covered

Product Type, Form, End Use, and Region

Key Companies Profiled

Northwest Naturals LLC, Ingredion Incorporated, Welch Foods Inc., DOHLER GmbH, Sudzucker AG, FruitSmart, AGRANA Investment Corp., Diana Naturals, SVZ International B.V., Bell Flavors & Fragrances, Prodalim Group, Vita-Pakt Citrus Products, and others.

Report Coverage

Market Overview, Key Trends, Success Factors, COVID-19 Impact Analysis, Demand Analysis, Segmental Overview, Regional Profiling. Market Structure Analysis & Competition Analysis 

Customization & Pricing

Available upon Request 

Key questions answered in the report

  • How will juice concentrate market grow in the future?

    As per the to Future Market Insights (FMI) study, the juice concentrate market will continue to grow steadily in the near-term, driven by the introduction of varied, novel flavor and nutrition profiles for product offerings in foods and beverages to meet the demand for health and immunity concerns amid the COVID-19 crisis.

  • What trends influence the juice concentrate market?

    Rapid growth in the consumption of on-the-go beverages has been a major factor positively influencing the demand in the juice concentrate market. FMI’s research concludes that the demand for clean label food and beverages, could lead to major opportunities of market development in the near future.

  • Which is the topselling juice concentrate?

    The fruit-based juice concentrate segment is expected to hold major market share throughout the forecasting period. Higher consumer demand for natural fruit-based beverages is a key factor behind the demand. Consumers have also been stockpiling essential commodities since the start of the Covid-19 outbreak, thereby bolstering growth prospects.

  • What is the impact of COVID-19 on juice concentrate market?

    In early 2020, the COVID-19 outbreak had a substantial effect on the global food supply chain, owing to restrictions on transport and logistics in terms of supply chains. However, in recent months, these restrictions have been eased significantly, bolstering development prospects for juice concentrate products.

    Experts have concluded that in-spite of the economic ramifications of the pandemic, the juice concentrate market will bolster healthy growth. Long-term lockdowns have restricted operations in the food service industry, hurting overall demand. On the other hand, the consumption of functional, clean label beverages in home settings will support short term growth.

  • Which companies manufacture juice concentrate?

    Leading players in the global juice concentrate market include Northwest Naturals LLC, Welch Foods Inc., Ingredion Inc., Sudzucker AG, DOHLER GmbH, FruitSmart, AGRANA Investment Corp, Diana Naturals, SVZ International B.V., Bell Flavors & Fragrances, SkyPeople Fruit Juice Inc. and others.

Enquiry before Buying

  • Is this research conducted by Future Market Insights?

    Yes, the juice concentrate market research has been conducted by expert analysts from Future Market Insights through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to the research analyst

  • What research methodology is followed by FMI?

    FMI follows a methodology that encompasses the demand side assessment of the market, and triangulates the same through a supply side analysis. This methodology is based on use of standard market structure, methods and definitions. 

  • Who are the respondents for primary research?

    FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.  

  • Is a sample of this report available for evaluation?

    Yes, you can request a sample and it will be sent to you through an email.

  • How can I buy this report?

    FMI provides a secure online payment system to buy report seamlessly. You can buy the report securely and safely.

Key Segments

Product Type

  • Vegetables 
  • Fruits 

Form

  • Powder
  • Liquid

End Use

  • Food and Beverage Industry
    • Confectionery & Bakery
    • Dairy Products
    • Soft Drinks
    • Tea
    • Alcoholic Beverages
  • Dietary Supplements
  • Cosmetics & Personal Care Industry
  • Others

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico, & Rest of Latin America)
  • Europe (Germany, U.K., France, Spain, Italy, BENELUX, Nordic, Russia, Poland & Rest of Europe)
  • Middle East & Africa (GCC, South Africa, & Rest of MEA)
  • East Asia (China, Japan & South Korea)
  • South Asia (India, Thailand, Malaysia, Indonesia & Rest of South Asia)
  • Oceania (Australia & New Zealand)

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