Fruit Concentrate Market Overview:
The demand for fruit concentrates has grown gradually due to increasing demand for fruit-based products. Market reports connected with the food, beverages and nutrition industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is expected to achieve a significant CAGR expansion in the extent of the forecast period.
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Fruit Concentrate Market size is projected to present a 3.17% CAGR to reach USD 15.3 Billion by 2032.
The demand for healthy food options is encouraging the growth of the market for fruit concentrates favorably. Moreover, the demand to have a broad range of fruits that may not be available all around the year has substantially raised the growth potential of the market for fruit concentrates. The development of the non-alcoholic drinks segment is projected to propel the market for fruit concentrates in the upcoming period.
Competitive Landscape:
The improved conformity of market players to new clients and market trend predispositions are advancing the growth curve of the market and will continue in the forecast period. The expansion of the market is moving in a favorable direction due to original product introductions or escalating gross revenue of the players in the market. The planned goals proposed for the market are buoyed owing to useful product differentiation supported by market participants. The current implementation of strategies is expected to motivate the market in the impending years. The progress of a strong value chain is moreover motivating the expansion of the market. The vertical additions and product tactics of the market are augmenting the potential of the market companies. Substantial cutbacks in administrative finances are bringing further development to the market.
The major contributors in the Fruit Concentrate Market Companies are China Haisheng Fresh Fruit Juice Co., Ltd (Hong Kong), Döhler Group (Germany), Agrana Beteiligungs AG (Austria), Kerry Group PLC (Ireland), Royal Cosun (Netherlands), Kerr Concentrates, Inc. (US), SunOpta, Inc. (Canada), and Rudolf Wild Gmbh & Co. KG (Germany).
Segmentations:
The segmentation of the fruit concentrates market has been carried out on the basis of fruit type, form, application, and region. The fruit concentrate market has been segmented on the basis of form into liquid and powder. On the basis of fruit type, the fruit concentrate market has been segmented into pome fruits, berries, stone fruits, citrus fruits, tropical fruits, and others. Based on application, the fruit concentrates market has been segmented into bakery, dairy, confectionery, beverages, and others. The market for fruit concentrates has been segmented on the basis of region into North America, Asia Pacific, Europe, and the rest of the world.
Detailed Regional Analysis:
The regional analysis of the fruit concentrates industry includes regions such as North America, Asia Pacific, Europe, and the rest of the world. Among the regions studied, the North American region is anticipated to govern the fruit concentrates market globally due to the mounting demand for functional food by health-conscious customers. The intensifying popularity of ‘on-the-go’ health drinks because of busy schedules and growing disposable income levels are improving the development of fruit concentrates market in this region. However, the market for fruit concentrates in the Asia Pacific region is anticipated to be a swiftly growing region due to the altering food habits and lifestyles as well as increasing per capita disposable income. The amplified spending power and intensifying health concerns among user base in the region is adding to the development of the fruit concentrates market in the Asia Pacific region.
Industry Updates:
Aug 2018 The European Bank for Reconstruction and Development (EBRD) is giving Egyptian dairy and juice manufacturer, the International Company for Agricultural Industries Projects, S.A.E (Beyti) a $44m loan. The EBRD stated that its investment would also back the market development of the dairy and juice sectors in Egypt which comprises of raising the manufacture of raw milk at local dairy farms and fruit concentrate at juice concentrate producers.