ID: MRFR/F-B & N/9119-CR | 100 Pages | Published By Snehal Singh on August 2022
NFC Juices Market is projected to register a CAGR of 3.58% and reach a value of USD 2,510.3 million by 2028.
$2,510.3 million
3.58%
Europe
2021-2028
NFC Juices Market Overview
The Global NFC Juices Market Share is projected to register a CAGR of 3.58% and reach a value of USD 2,510.3 million by 2028. Not From Concentrate (NFC) juices are products prepared with natural extracts of fruits and/or vegetables. In the process of procuring NFC, no concentrates or chemicals are added or mixed with the juices. NFC juices are available in various flavors, including orange, lemon, apple, and pomegranate. As compared to traditional drinks, NFC juices preserve more nutrition and flavors. Rising demand for natural plant-based ingredients and the growing popularity of convenience food & beverages are driving the growth of the global NFC juices market.
COVID-19 Impact Analysis
The rapid proliferation of the COVID-19 pandemic has resulted in a global crisis. Impacting over 195 countries, the pandemic has already created an economic downfall worldwide. With over 2.7 million COVID-19 cases worldwide along with 193,000 fatalities, as of the fourth week of April 2020, the global pandemic is deemed to create a chaotic environment, resulting in a global recession. With the rapidly rising number of cases, the global NFC juices market is getting affected in many ways.
Market Dynamics
The not from concentrate (NFC) juices market is projected to exhibit steady market growth, registering a CAGR of 3.58% over the forecast period. The major factors driving the market growth are increasing demand for natural plant-based ingredients and the growing popularity of convenience food & beverage. However, the regional availability of fruits is expected to hamper the growth of the global market. Nevertheless, the increasing consciousness regarding health among the general population is expected to create immense growth opportunities for the market players during the assessment period.
Drivers:
Health concerns among consumers are growing exponentially. With this, the demand for products made from natural and healthy ingredients is also rising. Not from concentrate (NFC) juices are majorly obtained from individual fruit or a blend of different fruits. Owing to the nutritional profile of various fruits, consumers are consuming food products and beverages made from them or their processed forms such as puree, concentrates, juice, and others. Apple contains antioxidants, dietary fiber, and flavonoids in high amounts, which assist in reducing the risk of developing cancer, diabetes, hypertension, and heart disease. Being natural and healthy, apple NFC juice is a suitable substitute for various synthetic ingredients in food & beverage applications. According to MRFR analysis, in 2020, orange accounted for the largest market share of 22.93% under the fruits segment of the global NFC juices market. Hence, many manufacturers of food products and beverages have started focusing on natural, nutrient-rich ingredients that offer numerous health benefits.
Restraint:
Health concerns among consumers are growing exponentially. With this, the demand for products made from natural and healthy ingredients is also rising. Not from concentrate (NFC) juices are majorly obtained from individual fruit or a blend of different fruits. Owing to the nutritional profile of various fruits, consumers are consuming food products and beverages made from them or their processed forms such as puree, concentrates, juice, and others. Apple contains antioxidants, dietary fiber, and flavonoids in high amounts, which assist in reducing the risk of developing cancer, diabetes, hypertension, and heart disease. Being natural and healthy, apple NFC juice is a suitable substitute for various synthetic ingredients in food & beverage applications. According to MRFR analysis, in 2020, orange accounted for the largest market share of 22.93% under the fruits segment of the global NFC juices market. Hence, many manufacturers of food products and beverages have started focusing on natural, nutrient-rich ingredients that offer numerous health benefits.
Opportunities:
Consumers worldwide are adopting a healthy lifestyle rapidly. The general population across the globe is particularly focusing on consuming natural food products and beverages. NFC Juices are versatile, along with their neutral color and flavor. In addition, NFC juice allows the product to be labeled as "100% fresh fruits juice" or "No additives." NFC Juices have a broad range of benefits, such as they support hydration, contain beneficial plant compounds, promote heart health, protect the brain, and boost the immune system. Thus, the growing health consciousness is expected to boost the demand for NFC Juices and create lucrative opportunities for the global market players during the assessment period.
Challenge:
NFC juices are only produced from fruits without added preservatives; thus, labeled as 100% juices. The manufacturers of NFC juices thus need a stable local supply of fresh fruits without any interruptions or difficulties. Apart from that different type of fruit needs different processing technology and equipment. NFC juice production lines such as low-temperature cold press production lines are imported overseas. Thus, it is common that many manufacturers have an identical production line.
Segment Overview
By Product Type
Based on product type, the global NFC juices market has been segmented into orange, lemon, apple, pomegranate, blends, and others. The orange segment accounted for the largest market share of 22.93% in 2020 and is projected to register a decent CAGR of 3.88% during the forecast period. However, the blends segment is expected to register the highest CAGR of 3.95% during the forecast period.
By Category
Based on category, the global NFC juice market has been segmented into organic and conventional. The conventional segment accounted for the larger market share of 79.56% in 2020. However, the organic segment is expected to register the highest CAGR of 4.31% during the forecast period.
By Application
Based on application, the global NFC juice market has been segmented into alcoholic beverages, non-alcoholic beverages, bakery & confectionery. In terms of value, the non-alcoholic beverages segment accounted for the largest market share in 2020 and Dairy & Frozen Desserts is expected to register the highest CAGR of 4.42% during the forecast period.
Global NFC Juice MarketShare, by Region, 2020 (%)Sources: MRFR Analysis
Regional Analysis
By region, the global NFC Juice Market has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. Europe accounted for the largest market share of 35.57% in 2020. North America was the second-largest market in 2020, the market is projected to exhibit a CAGR of 3.70%. However, the market in Asia Pacific is expected to register the highest CAGR of 4.05%
Europe
Europe accounted for a largest market share of 35.57% of the NFC juices market in 2020. The regional market is likely to register a CAGR of 3.23% during the forecast period. The growth of the European NFC juices market can be attributed to numerous factors. The application of NFC juices in alcoholic beverages such as beers and ciders is expected to drive the growth of the NFC juices market as consumers in the region are demanding fruit-flavored alcoholic beverages. The popularity of fruit-flavored alcoholic beverages is surging among European consumers in recent years. Â
North Ameica
North America accounted for a share of 32.17% of the global NFC juices market in 2020 and is projected to expand at a CAGR of 3.70% during the forecast period. The growth of the NFC juices market is anticipated to be driven by several factors. North America is expected to be a potential market for the producers of NFC juices. With the US being the major contributor to the market growth in this region. The US is expected to maintain its dominance within the regional market during the review period. The increasing awareness about healthy food products and rising consumption of convenience food & beverage products are expected to drive the growth of the market in North America. Growing health consciousness among consumers has influenced food manufacturers to incline toward the adoption of natural and healthy food ingredients. Thus, the manufacturers of baby food, dairy products, bakery & confectionery products, and beverages are shifting their preferences toward natural sweeteners and flavors such as NFC juices.
Competitive Landscape
The market comprises tier-1, tier-2, and local players. The tier-1 and tier-2 players have a global reach and diverse product portfolios. Companies such as Döhler (Germany), Kerr Concentrates (US), Citro Globe S.r.l. (Italy), Louis Dreyfus Company (Netherlands), and Lemon Concentrate S.L. (Spain) dominate the global market due to brand reputation, product differentiation, financial stability, and diversified regional presence.
Prominent players in the global NFC Juice Market include Döhler (Germany), Kerr Concentrates (US), Citro Globe S.r.l. (Italy), Louis Dreyfus Company (Netherlands), Kiril Mischief (UK), Lemon Concentrate S.L. (Spain), Austria Juice (Austria), Prodalim Group (Israel), Sun Impex (UAE), and Arizba BV (Netherlands)
Recent Developments
Few developments that occurred in recent times influencing the market growth of NFC Juice are listed below: Louis Dreyfus Company entered into a joint venture with Luckin Coffee to supply, pack and distribute high-quality not from concentrate (NFC) juice through its partner's fast-growing retail chain in China, with over 4,500 outlets across the country
Scope of the Report
Global NFC Juice Market, by Product Type
Global NFC Juice Market, Category
Global NFC Juice Market, by Application
Global NFC JuiceMarket, by Region
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 2,510.3 million |
CAGR | 3.58% (2021-2028) |
Base Year | 2020 |
Forecast Period | 2021-2028 |
Historical Data | 2019 |
Forecast Units | Value (USD million) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | by Product, Category, Application, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Döhler (Germany), Kerr Concentrates (US), Citro Globe S.r.l. (Italy), Louis Dreyfus Company (Netherlands), Kiril Mischief (UK), Lemon Concentrate S.L. (Spain), Austria Juice (Austria), Prodalim Group (Israel), Sun Impex (UAE), and Arizba BV (Netherlands) |
Key Market Opportunities | Growing health consciousness among general population |
Key Market Drivers | Rising demand for natural plant-based ingredients |
By 2028, the NFC Juice Market would be worth USD 2,510.3 million.
Döhler (Germany), Kerr Concentrates (US), Citro Globe S.r.l. (Italy), Louis Dreyfus Company (Netherlands), Kiril Mischief (UK), Lemon Concentrate S.L. (Spain), Austria Juice (Austria), Prodalim Group (Israel), Sun Impex (UAE), and Arizba BV (Netherlands)
Europe would lead the NFC Juice market.
The Not From Concentrate(NFC) Juices report concentrates on altering market dynamics, geopolitical and regulatory regulations, and key competitors' tactics to meticulously examine demand at risk across many industry categories.