Apple Juice Concentrate Market Research Report - Global Forecast till 2027

Global Apple Juice Concentrate Market: Information by Type (Cloudy, De-Ionized and Clarified), Application (Dairy & Frozen Desserts, Bakery & Confectionery, Beverages, Sauces, Dips & Spreads, and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/F-B & N/7329-CR | February 2020 | Region: Global | 144 Pages         

Apple Juice Concentrate Market

Apple Juice Concentrate Market Size is anticipated to reach USD 8731.4 Million by 2027, registering a CAGR of 4.57% during 2020-2027.

Segmentation

By Type Cloudy De-Ionized Clarified
By Application Dairy & Frozen Desserts Bakery & Confectionery Beverages Sauces Dips & Spreads Others
By Region North America Europe Asia-Pacific Rest of the World

Key Players

  • 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)
  • LemonConcentrate S.L. (Spain)

Drivers

  • Increasing demand for natural plant-based ingredients
  • Growing popularity of convenience food & beverage
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Market Overview


Global Apple Juice Concentrate Market has witnessed continued growth over the last few years and is projected to grow by USD 8731.4 million from 2020 to 2027 at a CAGR of 4.57%. 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.


Market Dynamics


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.


Segmentation


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 2019. 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 2020 to 2027.


Regional 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 2019. The regional market is projected to grow by USD 660.2 million from 2020 to 2027. 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.


Key Players


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).


Market Segmentation


Global Apple Juice Concentrate Market, by Type



  • Cloudy

  • De-Ionized

  • Clarified


Global Apple Juice Concentrate Market, by Application



  • Dairy & Frozen Desserts

  • Bakery & Confectionery

  • Beverages

  • Sauces, Dips & Spreads

  • Others


Global Apple Juice Concentrate Market, by Region



  • North America

    • US

    • Canada

    • Mexico





  • Europe

    • Germany

    • UK

    • France

    • Spain

    • Italy

    • Rest of Europe





  • Asia-Pacific

    • China

    • India

    • Japan

    • Australia & New Zealand

    • Rest of Asia-Pacific





  • Rest of the World

    • Africa

    • Middle East

    • South America




Available Additional Customizations



  • Company profiles of regional key players

  • Country-level analysis


Intended Audience



  • Apple juice concentrate manufacturers

  • Food & beverage manufacturers

  • Research institutes and organizations

  • Traders, importers, and exporters



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 8731.4 Million
  CAGR   4.57%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, Application, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities   Growing awareness pertaining to natural food products
  Key Market Drivers   Increasing demand for natural plant-based ingredients, Growing popularity of convenience food & beverage


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Frequently Asked Questions (FAQ) :

The value of the global apple juice concentrate market will reach USD 8731.4 million in 2027.

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) are some of the top players operating in the global apple juice concentrate market.

The growth rate of the market is 4.57%.

Europe would lead the apple juice concentrate market.