Juice Concentrates Market Size was valued at USD 72.1 billion in 2021. The juice concentrates industry is projected to grow from USD 75.6 Billion in 2022 to USD 110.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period (2022 - 2030). Rising Demand For Plant-Based Ingredients and Juice Concentrate Suppliers Gaining from Consumers' Growing Preference for Convenient Food and Beverage Products are driving the market growth.
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The demand for commercial beverages is increasing over the world, particularly for ready-to-drink beverages, carbonated water, functional beverages like energy drinks, and beverages made from plants. Production of beverages requires the use of safe raw materials and the maintenance of desirable end-product qualities through safe, economical, and environmentally friendly multistage processing. Over the past few years, the sector has noticed a rising sustainability trend. Sustainable food procurement, which integrates multiple objectives for reducing the environmental impact, includes switching to more locally and/or organically grown and raised vegetables in beverage facilities. Additionally, manufacturers are already attempting to broaden their selection of products to offer healthier and diet-specific foods with less chemicals and preservatives as a sign that they are beginning to take consumer product demands seriously. IDH seeks to promote environmental management, worker and farmer livelihoods, and more sustainable production and processing methods in the processed fruit and vegetable industry. By 2030, the Sustainable Juice Covenant seeks to achieve 100% sustainability in the sourcing, manufacturing, and trade of juices, purees, and concentrates made from fruits and vegetables.
The Juice Concentrates Market segmentation, based on application, includes food, and beverages. The beverage segment accounted for the largest market share in 2021, with a market value of USD 44.6 billion in respect to the Juice Concentrates industry revenue. The market for juice concentrates was dominated by beverages. Beverages come in a variety of forms, including frozen, crystallized, and liquid, and are used in a variety of products, including energy drinks, juices, tea, and smoothies. As the beverage business expands, so does the demand for fruits and vegetables for the creation of fresh, inventive beverages.
September 2021 Hare Topco, Inc. is acquired by Kerry Group PLC in order to broaden its platform for worldwide food preservation and protection.
Figure 1 Juice Concentrates Market, by Application, 2021 & 2030 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
The Juice Concentrates Market data has been bifurcated by form into powder and liquid. The liquid segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Preparation is much more suited & accessible due to its comfortable use & consumption, especially when there is a busy agenda. As a result, it is frequently consumed by people who are working and have little to no time to prepare meals.
October 2019 Isotonic Malt-Cola is a new product introduced from Archer Daniels Midland. Middle Eastern customers may enjoy the pleasant flavor of this cola in addition to its practical advantages.
Figure 2 Juice Concentrates Market, by Form, 2021 & 2030 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on type, the global Juice Concentrates industry has been segmented into fruits, vegetables, and blends. In terms of revenue, the sector for fruit juice concentrates commanded the largest market share in 2021. The beverage, baking & confectionery, food, and alcoholic beverage industries are just a few industries that use fruit juice concentrates. Fruit juice concentrates are utilized as sugar substitutes in the baking and confectionery industry when making cakes, biscuits, and pastries.
Figure 3 Juice Concentrates Market, by Type, 2021 & 2030 (USD Billion)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. Europe Juice Concentrates market accounted for the largest market share in 2021, with a market value of USD 23.8 billion, and is expected to exhibit a 4.7% CAGR during the study period. Europe is anticipated to drive the growth of global Juice concentrates at a significant rate over the forecast period. Companies in this industry are focusing on the introduction of new products with regard to taste and flavor in an effort to gain an advantage over rivals. One of the main drivers driving this market is the rising demand for convenience foods and drinks, as well as health consciousness among consumers in emerging nations and the use of juice concentrates as a substitute for sweets in the baking and confectionery industries. One of the main drivers of this market's growth is technological advancements in the food processing sector. Major domestic markets for juice concentrate in the area include Germany, France, Belgium, and the U.K.
Further, the major countries studied are The U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 4 JUICE CONCENTRATES MARKET SHARE BY REGION 2021 (%)
Source Secondary Research, Primary Research, MRFR Database and Analyst Review
North America Juice Concentrates market accounts for the second-largest market share due to the usage of juice concentrate as a substitute for sweets in the baking and confectionery industries, rising demand for convenience food and beverages, and people's increased health concerns in emerging nations are some of the key drivers driving this market. Further, the U.S. Juice Concentrates held the largest market share, and the Canada market of juice concentrates was the fastest growing market in the North America region
The Asia-Pacific Juice Concentrates Market is expected to grow at a CAGR of 5.5% from 2022 to 2030. This is due to the region's young population and quickly expanding fast-food industry have increased convenience food consumption, which is anticipated to further boost the market for juice concentrates. The expansion of the convenience and healthy food industries has a direct impact on the market for juice concentrates. Moreover, the China juice concentrates industry held the largest market share, and the India market of juice concentrates was the fastest growing market in the Asia-Pacific region
India Juice Concentrates market is expanding as a result of the growing consumer desire for natural, wholesome, and nutrient-rich beverages. The expansion of this market is driven by fast food consumption and rising consumer disposable income. The need for the sector in this area has grown due to a high prevalence of quick-service restaurants and rising soft drink consumption. Market participants have been motivated to create new items that appeal to consumers' tastes due to the high demand for healthy and organic food products.
What is Juice Concentrate?.
Juice concentrate is a type of juice that has had most of the water removed. This is done to make it easier to transport and store, and to extend its shelf life. Juice concentrate is typically made from fruits, but it can also be made from vegetables. It is often used in smoothies, cocktails, and other drinks.
Major market players are spending a lot of money on R&D to increase their product lines, which will help the Juice Concentrates market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the Juice Concentrates industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global Juice Concentrates industry to benefit clients and expand the Juice Concentrates market sector is to manufacture locally to reduce operating costs. In recent years, Juice Concentrates has provided healthy effects with some of the most significant benefits.
Juice Concentrates Industry Developments
May 2022 Southzucker affiliate A purchase agreement has been signed by BENEO, a top producer of functional ingredients, to purchase all of Meatless B.V. of the Netherlands.
March 2022 As part of its plan to develop alongside the Chinese market, Louis Dreyfus Company (LDC) held the groundbreaking ceremony for Fuling Food Industrial Park, a joint venture with DONLINK Group and HAID Group in Nansha, Guangzhou.
September 2021 The expansion of Ingredion Incorporated's production facilities in Vanscoy, Saskatchewan, was announced.
September 2021 A new strategic distribution contract was signed between Ingredion Incorporated and Batory Foods, according to the announcement. The agreement, unifies Ingredion's distribution network in the West and Central Midwest of the United States to assist food and beverage businesses in obtaining the ingredients they require to develop and promote their goods.
North America
Europe
Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 72.1 billion |
| Market Size 2022 | USD 75.6 billion |
| Market Size 2030 | USD 110.1 billion |
| Compound Annual Growth Rate (CAGR) | 4.9% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2018 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Form, Type, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Ingredion Incorporated (US), Archer Daniels Midland Company (US), Südzucker AG (Germany), Louis Dreyfus Holding B.V (Netherlands), Döhler Group (Germany), SVZ International B.V. (Netherlands), The Ciatti Company (US), Symrise AG (Germany), Kanegrade Ltd. (UK) and Northwest Naturals, LLC (US). |
| Key Market Opportunities | Juice Concentrate Fortification Is Used In Nutraceutical Products To Expand Market Increasing Demand For Organic Food Products |
| Key Market Dynamics | Rising Demand For Plant-Based Ingredients Juice Concentrate Suppliers Gaining From Consumers' Growing Preference For Convenient Food And Beverage Products |
Juice Concentrate Market Highlights:
Frequently Asked Questions (FAQ) :
The juice concentrates market accounted for USD 72.1 billion.
Juice Concentrate Fortification Is Used In Nutraceutical Products To Expand the Market and Increasing Demand For Organic Food Products is the key driving factor for the juice concentrates market.
The growth rate of the juice concentrates market is 4.9% CAGR.
Europe region held the largest market share in the juice concentrates market.
Ingredion Incorporated (US), Archer Daniels Midland Company (US), Südzucker AG (Germany), Louis Dreyfus Holding B.V (Netherlands), Döhler Group (Germany), SVZ International B.V. (Netherlands), The Ciatti Company (US), Symrise AG (Germany), Kanegrade Ltd. (UK) and Northwest Naturals, LLC (US) are the key players in the juice concentrates market.
The Beverages application led the juice concentrates market.
The Fruits type had the largest market share in the juice concentrates market.
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Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
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