Leading industry companies are making significant R&D investments to diversify their product offerings, which will expand the NFC Juices market. Key market developments include new product releases, agreements, acquisitions and mergers, higher investments, and collaboration with other companies. Market participants also engage in several strategic actions to increase their footprint. The NFC Juices industry must provide a good price to grow and thrive in an increasingly competitive market environment.
Producing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the NFC Juices industry to serve customers and expand the market sector. In recent years, the NFC Juices industry has offered some of the most significant advantages. Major players in the NFC Juices market, including Citrosuco, Del Monte,and others, are attempting to increase market demand by investing in research and development operations.
Citrosuco is the producer of orange juice concentrate. In addition to juice, industrialized orange byproducts such as essential oils and animal feed are sold. The company is headquartered in Mato, Brazil, and is a So Paulo-based Votorantim Group subsidiary. Citrosuco has offices in Brazil, the US, Germany, Japan, and Belgium. Cutrale, a Brazilian corporation, is its primary competitor. In October 2020, China's NFC Juices had the greatest market share, while India's NFC Juices market was the Asia-Pacific region's fastest expanding.
Del Monte Foods Inc. is a food manufacturing and distribution firm based in Walnut Creek, California. Del Monte Foods is one of the nation's major makers, distributors, and marketers of branded processed foods for the retail market in the United States. Del Monte, S&W, Contadina, College Inn, Fruit Burst, Fruit Naturals, Orchard Select, and SunFresh are among its brands. Del Monte Foods' current Chief Executive Officer is Greg Longstreet. Several Del Monte goods have a market share of one or two percent. In addition, the company manufactures, distributes, and markets private-label food.
In October 2021, Del Monte is expanding its presence in Iceland with a new and exciting line of juices that are not from concentrate. Pure Orange Juice (smooth), Pure Orange Juice (with pieces), Pressed Apple Juice, Pressed Pineapple Juice, and Pressed Apple & Mango Juice are all available in 1-litre containers for £2. The new line will replace Iceland's existing own-label chilled juice products.