ID: MRFR/F-B & N/2212-HCR | February 2021 | Region: Global | 110 pages
The Fruit Concentrate Market is one of the fastest-growing markets. There has been an uprise in demand for natural food products and the fruit concentrate market is sure to benefit from it. Fruit Concentrates Market is expected to grow significantly during the forecast period
Rising awareness about healthy food is also contributing to market growth. Since fruit products are seasonal and during the off-season we cannot have the production, so improve technologies such as fruit concentrate will help to fulfill the demand. The global fruit concentrate market is expected to reach the highest market value by the end of the current forecast period. It is estimated to grow at a compound annual growth rate (CAGR) of 7%.
Covid - 19 Analysis
There was a great loss to the fruit concentrate market during the covid-19 pandemic. Due to the irregular functioning of supply chains, farmers had to dispose of their products in the field itself. Moreover, the poor functioning of industries also halted market growth.
The estimated growth rate fell sharply, and the market showed only moderate growth. Moreover, the closure of retail markets led to a decline in overall sales. However, the fruit concentrate market has shown a sharp increase in growth rate post covid.
Fruits concentrates are pure fruit products with similar health benefits as those given by natural fruits. The rise in health consciousness is the major factor behind the rising market for natural fruit products. Moreover, the rising popularity of the fruit-flavored product is also boosting the growth.
Overcoming seasonal limitations of fruit availability by processing them is what makes them valuable. Moreover, fruit concentrates are convenient to transport and store thereby ensuring the availability of products. Furthermore, the wide use of fruit concentrate market in a variety of products such as confectioneries, bakery products, soft drinks, etc. is propelling the growth.
Governments of many developing nations are investing hugely in the development of the fruit product industry. This is ensuring more production and quality of products. Moreover, fruit concentrate market has been a rise in demand for natural products as people are having a busy lifestyle. Natural products also help in deterring lifestyle-related diseases.
Less investment in infrastructure regarding the processing of fruit products is a cause for less production. Moreover, farmers of developing countries having good fruit production are unaware of such possibilities. Less efficient supply chains are also a major cause of waste of fruit production.
The major drawback of fruit concentrate is high fructose and acid content. The product often comes with added sugar and preservatives which are discarded by conscious consumers.
fruit concentrate market is a natural fruit product made by removing the water content of fruits to increase their storage life. It has similar color and flavor to that of natural fruit as it retains the nutrient composition and aroma.
Fruit concentrates are rich in nutrients, dietary fibers, vitamins, and Minerals. Moreover, it allows people to have their favorite fruits around the year. Fruit concentrate is easier to store and transport and to use too.
Fruit concentrate finds its use in the beverage, bakery, and confectionery industry, etc. It is used for preparing soft drinks, fruit-based drinks, etc. While in the bakery industry, fruit concentrates are used for flavoring bakery products and sweets. fruit concentrate market are also used as natural sweeteners and flavors in different food products.
This report aims to fulfill the gap in knowledge about the global fruit concentrate market. The objectives of this report on the fruit concentrate market are given below:
Firstly, on the basis of form, the global fruit constructed market is segmented as:
More preference for liquid concentrate by consumers makes it the largest shareholder. Moreover, the liquid form is quite easy to utilize and store. Furthermore, the preparation of liquid type is less time-consuming and more economical. The dry type had good growth in the past but is losing space due to storage incompatibility.
Secondly, on the basis of fruits, we can divide the fruit concentrate market as:
Among different segments, citrus fruits hold the major market share. Relatively higher production and productivity of citrus fruits are the driving force behind this holding. Moreover, the processing techniques to convert citrus fruits into concentrate are easy and very economical too.
However, Berries are also witnessing faster growth. This is due to their high palatability and nutrient-rich composition. For the given forecast period (2021-2028), berries are estimated to have a higher growth rate.
Moreover, on the basis of application, we can segment the market into different applications such as in:
The beverage industry is the largest user of fruit concentrate. Rising demand for fruit-based drinks is expected to make the market vaster. Next comes the bakery industry which is a potentially growing division. Fruit concentrate is used to flavor different bakery products and the demand for such products is also increasing day by day.
The fruit concentrate market is divided into four major regional segments.
Rest of the world ( RoW )
North America is the largest market for fruit concentrates. Due to their preference for ready-to-drink products, fruit products are high in demand. Moreover, fruit concentrate can be used in the preparation of different packaged drinks, popular in this region. This region accounts for nearly 40 % of the total market share.
However, Asia-Pacific is the fastest-growing market. The utilization of Improved technology in Fruit Production by farmers has increased total production. Moreover, coordination through government policies on the development of the fruit sector helped establish fruit product industries. Rising income levels and literacy rates have also brought more customers for the product to market. Furthermore, the traditional preference for natural products by people of this region is supporting the growth.
Europe also holds a good market proportion and is showing consistent growth. The market of this region showed less fluctuation during covid times too.
Increasing fruit culture in other regions such as Africa, South America will witness demand growth during the forecast period. The Middle East has also been a good market for many fruit products.
The global fruit concentrate market is dominated by international and regional players. The prominent players of the global fruit consented market are:
In April 2019, Zoocasa, a leading Spanish fruit processing company, was acquired by Döhler.
This report will be beneficial for every stakeholder of the fruit concentrate market. It will be of great help to those directly connected with the industry such as:
This report provides complete details on the fruit concentrate market in terms of current value and future forecast. We have also identified the problems and prospects of the given market.
Frequently Asked Questions (FAQ) :
Fruit concentrates market would be boosted by improving packaging, transportation, cost-affordability, and rising demand for non-alcoholic beverages.
The forms included in the fruit concentrates market report are powder and liquid.
The type-based segments of fruit concentrates market are stone fruits, berries, citrus fruits, pome fruits, tropical fruits, and others.
Fruit concentrates market would be led by North America.
The players in the fruit concentrates market are China Haisheng Fresh Fruit Juice Co., Ltd (Hong Kong), Agrana Beteiligungs AG (Austria), Kerr Concentrates, Inc. (US), Döhler Group (Germany), SunOpta, Inc. (Canada), Kerry Group PLC (Ireland), Royal Cosun (Netherlands), and Rudolf Wild Gmbh & Co. KG (Germany).