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Juice concentrates market Size, Share, Trends, Growth, Analysis, Forecast, is expected to display a steady growth by 2028|CAGR: 5%| UnivDatos Market Insights

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Ahasan Ali
Juice concentrates market Size, Share, Trends, Growth, Analysis, Forecast, is expected to display a steady growth by 2028|CAGR: 5%| UnivDatos Market Insights

According to a new report published by UnivDatos Markets Insights, the juice concentrates market is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into Type (Fruit Juice Concentrates and Vegetable Juice Concentrates); Form (Clear Concentrates, Powdered Concentrate, Frozen Concentrate); Application (Beverages, Dairy Products, Soups & Sauces, Bakery & Confectionary, Others); Region/Country.

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The juice concentrates market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the juice concentrates market. The juice concentrates market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the juice concentrates market at the global and regional levels.

Market Overview

Juice concentrates are concentrated versions of fruit, vegetable, or combination juices with reduced water content. It has a longer shelf life and is cheaper than regular juice. As a substitute for fruits and vegetables, fruit juice concentrates are used in a variety of food industry applications such as beverages, confectionery, sauces, and soups.

The market is expected to grow steadily during the foreseeable future as they are less expensive than regular fruit juices, partly due to the low shipping costs for small frozen package shipments, which enables merchants to advertise and sell goods to customers. Major companies in the market expanding their range of products to include healthier and diet-specific items with fewer chemicals and preservatives. For instance, in September 2021, Kerry Group PLC completed the acquisition of Hare Topco Inc. trading as Niacet Corp., a leading company in preservation technology.

Some of the major players operating in the market include Archer Daniels Midland Company, Ingredion Incorporated, Döhler GmbH, SunOpta Inc., Südzucker AG, AGRANA Beteiligungs- AG, SVZ Industrial Fruit and Vegetable Ingredients, Kanegrade Limited, Kerry Group PLC, Symrise AG.

Click here to view the Report Description & TOC - https://univdatos.com/report/juice-concentrates-market/

COVID-19 Impact

The COVID-19 pandemic has had a mixed impact on the food & beverages industry. The shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in the global market. Also, the demand for a wide range of processed food and ready-to-eat drinks such as packed fruit juices and fruit concentrates increased, owing to the health benefits associated with them. The outbreak of COVID-19 further encouraged this trend, and consumers across the globe started adopting healthy food & beverages including fruit juices and fruit concentrates in their daily diet.

The global juice concentrates market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on type, the market is segmented into fruit juice concentrates and vegetable juice concentrates. The fruit juice concentrates category witnessed a significant CAGR during the forecast period owing to increasing demand for fruit juices in every corner of the world. In addition, juice concentrates help in immunity-boosting, cognitive-boosting, and mood-boosting, thus aiding the growth of the juice concentrate market

·        On the application, the market is categorized into beverages, dairy products, soups & sauces, bakery & confectionary, and others. Among these, The beverage category is to witness significant adoption of juice concentrates during the forecast period. The beverage segment is escalating owing to the growing interest in the food and beverage industries due to increasing consumer demand around the world. One of the largest food processing industries is the beverage industry.

Juice concentrates Market Geographical Segmentation Includes:

·        North America (United States, Canada, and Rest of North America)

·        Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)

·        Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)

·        Rest of the World

In 2020, Asia-Pacific held a significant share of the global juice concentrates market. This is mainly attributed to the increasing 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. Moreover, it is expected that the market will continue to grow at a fast rate during the forecast period owing to the growing-income levels of the consumers in the region coupled with increasing consumption of fruit juice concentrates as a substitute for sugar in bakeries and confectionery for a balanced and healthy life. Major companies in the market expanding their range of products to include healthier and diet-specific items with fewer chemicals and preservatives.

The major players targeting the market include

·        Archer Daniels Midland Company

·        Ingredion Incorporated

·        Döhler GmbH

·        SunOpta Inc.

·        Südzucker AG

·        AGRANA Beteiligungs- AG

·        SVZ Industrial Fruit and Vegetable Ingredients

·        Kanegrade Limited

·        Kerry Group PLC

·        Symrise AG  

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Juice concentrates market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the juice concentrates market?

• Which factors are influencing the Juice concentrates market over the forecast period?

• What are the global challenges, threats, and risks in the juice concentrates market?

• Which factors are propelling and restraining the juice concentrates market?

• What are the demanding global regions of the juice concentrates market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

About UnivDatos Market Insights (UMI)

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About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analyses, and customized reports that help shape winning business strategies for our clients.

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UnivDatos Market Insights

Ankita Gupta

Director Operations

Ph: +91-7838604911

Email: [email protected]

Website: https://univdatos.com/


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