ID: MRFR/F-B & N/7329-CR | February 2020 | Region: Global | 144 pages
Global Apple Juice Concentrate Market has witnessed continued growth over the last few years and is projected to grow by USD 2,139.1 Million from 2018 to 2025 at a CAGR of 4.3%. Apple juice concentrate refers to the concentrated processed product obtained by removing a defined amount of water content from the fruit. It is a majorly used ingredient in several applications such as bakery & confectionery, beverages, dips & spreads, sauces, frozen desserts, dairy products, and vinegar due to its neutral color and flavor. The apple juice concentrates market is projected to witness steady market growth over the forecast period. The major factors driving the market growth are increasing demand for natural plant-based ingredients, the growing popularity of convenience food & beverage, and its increasing use as a substitute for sugar in bakery products across the globe. However, the growing demand for not from concentrate (NFC) and cold-pressed juices are expected to hamper the growth of the global market. Nevertheless, the increasing consciousness regarding is expected to create immense growth opportunities for the market players during the assessment period.
The growing awareness amongst consumers pertaining to added sugar in food has increased the need for natural sugars. The players operating in the global market have shifted their focus on naturally sourced sugar such as sugar derived from fruits also known as deionized fruit juice concentrates. Concentrated sugar is considered to be a healthy substitute for refined white sugar in bakery products. In addition, it also keeps the baked products moist for a long period. Unlike refined sugar, apple juice concentrate has a high amount of nutrients and releases less rapidly into the bloodstream. Thus, the growing usage of apple juice concentrate as an alternative to refined sugar in bakery and confectionery products is projected to fuel the growth of the global apple juice concentrate market during the forecast period.
The increasing demand for not from concentrate (NFC) and cold-pressed juices is projected to hinder the growth of the global apple juice concentrate market during the forecast period. These juices are healthy as compared to pasteurized fruits and vegetable juices. Cold-pressed juices have a long shelf life, and hence can be easily transported to long distances. Besides, increasing investments in R&D has led to the introduction of new product lines of cold-pressed juices and new varieties in terms of flavor, packaging, and specialty ingredients, which has attracted more consumers toward cold-pressed juices. The growing awareness pertaining to natural food products is propelling the demand for NFC juices and this trend is projected to continue during the forecast period.
Global Apple Juice Concentrate Volume Market Share, by Region, 2014 & 2025 (%)
Source: MRFR Analysis
Global Apple Juice Concentrate Market has been segmented on the basis of Type, Application, and Region.
Based on type, the market has been segregated into cloudy, de-ionized, and clarified. The clarified segment dominated the market with a share of nearly 40% in 2018. Based on application, the market has been divided into dairy & frozen desserts, bakery & confectionery, beverages, sauces, dips & spreads, and others. The bakery & confectionery segment is expected to register the highest CAGR of 5.1% during the forecast period of 2019 to 2025.
South Korea: Apple Juice Concentrate Market Size, by Type, 2014–2025 (USD Million)
Sources: MRFR Analysis
On the basis of region, the global apple juice concentrate market has been categorized into North America, Europe, Asia-Pacific, and the rest of the world. Europe dominated the global apple juice concentrate market in 2018. The regional market is projected to grow by USD 660.2 million from 2018 to 2025. Germany is a significant country-level market, contributing to the growth of the Europe apple juice concentrate markets. The market in Asia-Pacific is expected to register the highest CAGR during the forecast period owing to the rising demand for fruit-based beverages and food products in the region.
The Prominent Players in the Global Apple Juice Concentrate Market include Ingredion Incorporated (US), H&H Products Company (US), Welch’s (US), Ve.Ba. Cooperativa Ortofrutticola S.C. (Italy), Döhler (Germany), Louis Dreyfus Holding B.V. (Netherlands), Sonnländer (Germany), Tree Top, Inc. (US), and LemonConcentrate S.L. (Spain).
Global Apple Juice Concentrate Market, by Type
Global Apple Juice Concentrate Market, by Application
Global Apple Juice Concentrate Market, by Region
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