Vegetable and fruit juices are concentrated or frozen by decreasing their water content, which is known as juice concentrates. These juice concentrates are known for longer shelf life and are utilized widely in the manufacturing of sauces, soups, confectionery, etc. in place of fruits and vegetables. They also provide natural color to the food items, and thus, fresh juice concentrates are used as sweeteners and colorants.
The rising demand for beverage and bakery items among the customers is the leading factor behind the surge in the demand in the global juice concentrates market. Organic and vegetable product juices are presently considered as a solid choice than carbonated drinks, hence fueling the juice concentrates market. The changing customer inclination in the food propensities is another factor uplifting the development of the market. Purchasers are in fact more cognizant about their wellbeing and actual appearances. The rising preference for natural sweeteners is also estimated to support the global juice concentrates market. There is also a surging demand from the bakery sector and beverage sector as they are utilized as a substitute to sugar, spiking the growth in the global market. Nevertheless, the juice concentrates also contain fructose, and excess utilization of fructose causes ill effects as well to the body. This factor is foreseen to hinder the market development.
The global juice concentrates market is broadly segregated into ingredients, types, applications, and region. In terms of ingredients, the market is bifurcated into vegetable concentrates and fruit concentrates. Among these, the fruit concentrates is further divided into mango, red grape, pineapple, pear, banana, berries, orange, apple, and citrus fruits. Moreover, the vegetable concentrates are divided into garlic, onion, beetroot, cucumber, ginger, spinach, tomato, and carrot. As per the application, the market is segmented into baby food, dairy food, beverage, desserts, sauces & soups, and confectionery & bakery. Based on ingredients, the global juice concentrates market is classified into multi-fruit concentrate and single fruit concentrate.
Western Europe and North America are the key regions leading the global juice concentrates market. This is attributed to the rising preferences of the consumer for healthy and convenient foods In addition, advancement in technology used in the food and beverage industry is also propelling regional growth. Moreover, the regions are trailed by the Asia Pacific, due to increasing working people in the region that makes them prefer convenient health food products.
Kerr Concentrates Inc., Northwest Naturals, LLC., Welch Foods Inc., FruitSmart, SunOpta, Inc., Dohler GmbH, Archer Daniels Midland Company, Sudzucker AG, Ingredion Incorporated, and AGRANA Investment Corp. are some of the leading companies in the global juice concentrates market. These key players are particularly indulging in contracts, new ventures, and partnerships to innovate new products and expand their product portfolios across the world.
