The global juice concentrate market is expected to reach a high CAGR of 5.1% over the Forecast Period 2025-2032. The market will grow from USD XX in 2024 to USD YY by 2032.
North America presently dominates the market, with Europe following closely behind. Key criteria include expanding demand for natural and healthier food components, increased consumer knowledge of the benefits of fruit and vegetable concentrates, and a developing global food and beverage business. The juice concentrates market is steadily growing, owing to rising demand for convenience meals and beverages. Manufacturers are focussing on product innovation to fulfil shifting consumer demands for natural and organic components. The industry is also benefiting from the growing popularity of functional beverages and the increased use of juice concentrates in a variety of food products.
Market Trend: Rising demand for clean-label and natural ingredients drives juice concentrate adoption.
The juice concentrates sector is seeing a dramatic shift towards clean labels and natural ingredients. Consumers are increasingly looking for products with minimal processing and no artificial ingredients, which is driving up demand for natural juice concentrates. This trend is especially noticeable in the beverage business, where producers are reformulating their goods with more natural components.
For example, the usage of fruit juice concentrates as natural sweeteners in various beverages has increased by 15% over the last year. Furthermore, the clean-label movement has fuelled innovation in juice concentrate production techniques, with companies investing in cutting-edge equipment to preserve the natural flavours and nutrients of fruits and vegetables. This tendency is projected to continue to drive market expansion as customers become more health-conscious and knowledgeable of ingredients.
Market Driver: Growing application of juice concentrates in functional foods and beverages boosts market expansion.
The growing use of juice concentrates in functional meals and drinks is a significant driver of market expansion. Juice concentrates are becoming increasingly popular as natural flavour enhancers, colourants, and nutritional boosters in a variety of goods. Over the last five years, the functional food and beverage market has risen at a 7.5% annual rate, with juice concentrates playing a substantial part.
Pomegranate juice concentrate, for example, has seen a 22% increase in use in functional beverages due to its strong antioxidant content. Furthermore, juice concentrates are becoming more prevalent in sports nutrition products, with a 30% increase in the use of fruit juice concentrates in protein bars and powders. The adaptability of juice concentrates in offering both flavour and nutritional benefits has resulted in greater acceptance in the food and beverage industry, boosting market growth.
Market Restraint: Price volatility of raw materials impacts profit margins and market growth.
Raw material price volatility is a severe limitation on the juice concentrate business. Fluctuations in fruit and vegetable prices caused by weather conditions, crop yields, and supply chain disruptions can all have a substantial impact on juice concentrate production costs. For example, low harvests in major producing regions have caused an 18% increase in the price of orange juice concentrate over the last year. These price variations make it difficult for producers to maintain regular profit margins, perhaps leading to higher product pricing for consumers. The unpredictability in raw material costs has resulted in a 5% decline in new product releases containing juice concentrates over the last year, as some firms prefer more dependable alternatives.
Fruit juice concentrates dominate the market, driven by versatility and consumer preference for fruit-based products.
Fruit juice concentrates dominate the juice concentrates market, accounting for over 75% of total market value. This dominance is due to the large range of fruit concentrates available and their widespread use in numerous culinary and beverage items.
Apple juice concentrate tops the fruit group with a YY% market share, followed closely by orange and grape concentrates.
The fruit juice concentrates industry has grown significantly in recent years, with demand increasing by 6.2% year on year. The increased customer taste for natural and fruit-based products is driving this growth. For example, the use of fruit juice concentrates in flavoured water and sparkling beverages has climbed by 35% in the last two years as manufacturers try to meet consumer demand for healthy alternatives to carbonated beverages.
Furthermore, the fruit juice concentrates industry has undergone significant innovation in recent years. Companies such as Archer Daniels Midland (ADM) have produced new fruit juice concentrate mixes with distinct flavour profiles and increased nutritional value. These improvements have resulted in a 15% increase in the use of exotic fruit concentrates like acai and dragon fruit in premium beverages.
North America leads the juice concentrates market, driven by high consumption of processed foods and beverages.
North America now dominates the worldwide juice concentrates business, with over YY% of the market share. The region's supremacy is primarily due to the high consumption of processed foods and beverages, as well as the substantial presence of major food and beverage producers.
The United States is the region's largest consumer of juice concentrates, with a market value of USD YY billion by 2023. The country's powerful food processing industry, as well as growing consumer demand for natural ingredients in packaged goods, have been important drivers of market expansion. For example, the usage of fruit juice concentrates as natural sweeteners in packaged meals has increased by 22% over the last year.
Organic juice concentrates are in high demand in the North American market, with sales increasing at an annual pace of 8.7%. Consumer knowledge of the health benefits of organic products, as well as a growing preference for clean-label ingredients, are driving this trend.
The juice concentrates market is characterised by fierce rivalry among prominent competitors, with an emphasis on product innovation, global expansion, and strategic alliances. Archer Daniels Midland Company, Ingredion Incorporated, and Sudzucker AG are the market's top three players, accounting for roughly YY% of the market.
The Archer Daniels Midland Company has maintained its market leadership through ongoing innovation and significant acquisitions. The company's juice concentrate sales increased by 7.5% in the previous fiscal year, thanks to the introduction of new fruit and vegetable blend concentrates. ADM has also made significant investments to enhance its production capacity, most recently investing USD 100 million in a new juice concentrate facility in Europe.
Ingredion Incorporated has concentrated on producing clean-label and organic juice concentrates, resulting in a 12% rise in market share over the last three years. The company's recent relationship with a top natural ingredient provider has bolstered its position in the organic juice concentrates market.
Sudzucker AG has developed a regional expansion strategy with a focus on emerging markets. The company's recent acquisition of a juice concentrate manufacturer in Asia has raised its market share in the region by 15%. Sudzucker has also invested in innovative processing technologies, increasing its manufacturing efficiency by 8% over the last year.
The industry is projected to consolidate further in the future years, with larger firms acquiring smaller, specialised concentrate producers to broaden their product ranges and geographic reach.
The juice concentrates market is expected to increase significantly in the next few years, driven by rising consumer demand for natural and healthier food components. The industry is likely to evolve towards more specialised and premium juice concentrates, notably those made from exotic fruits and superfoods. This trend is likely to open up new options for market players to differentiate their products and increase profit margins.
One unique development to keep an eye on is the increased usage of juice concentrates in plant-based meat replacements. As the plant-based food market grows, juice concentrates are used as natural flavour enhancers and colourants in these products. This application is likely to create new opportunities for growth in the juice concentrates market.
Archer Daniels Midland Company
Ingredion Incorporated
Sudzucker AG
Kerry Group PLC
SunOpta, Inc.
Diana Food
SVZ International B.V.
Kanegrade Limited
Ciatti Company
Dohler Group
May 2024: Archer Daniels Midland Company introduces a new range of organic vegetable juice concentrates to the European market.
In February 2024, Ingredion Incorporated announced a strategic agreement with a leading natural ingredient provider to boost its organic juice concentrate range.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope and Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking—Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies List by Country) (Premium)
5. COMPANY PROFILES
5.1. Archer Daniels Midland Company
5.2. Ingredion Incorporated
5.3. Sudzucker AG
5.4. Kerry Group PLC
5.5. SunOpta, Inc.
5.6. Diana Food
5.7. SVZ International B.V.
5.8. Kanegrade Limited
5.9. Ciatti Company
5.10. Dohler Group (LIST, NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Rising demand for clean- labels and natural ingredients drives juice concentrate adoption
6.1.2. Increasing use of juice concentrates in plant-based meat alternatives
6.1.3. Growing popularity of exotic fruit concentrates in premium beverages
6.2. Market Drivers
6.2.1. Growing application of juice concentrates in functional foods and beverages boosts market expansion
6.2.2. Rising consumer awareness about the health benefits of fruit and vegetable concentrates
6.2.3. Expanding the food and beverage industry worldwide
6.3. Market Restraints
6.3.1. Price volatility of raw materials impacts profit margins and market growth
6.3.2. Increasing competition from fresh juices and alternative sweeteners
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY TYPE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
7.1. Fruit Juice Concentrates
7.1.1. Apple
7.1.2. Orange
7.1.3. Grape
7.1.4. Pineapple
7.1.5. Others
7.2. Vegetable Juice Concentrates
7.2.1. Tomato
7.2.2. Carrot
7.2.3. Beetroot
7.2.4. Others
8. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH)--2025-2032)
8.1. Beverages
8.1.1. Carbonated Drinks
8.1.2. Juices
8.1.3. Functional Beverages
8.1.4. Others
8.2. Bakery Products
8.3. Confectionery Products
8.4. Dairy Products
8.5. Soups & Sauces
9. BY FORM (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
9.1. Liquid
9.2. Powder
9.3. Puree
10. BY DISTRIBUTION CHANNEL (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
10.1. Direct Sales
10.2. Retail Sales
10.2.1. Supermarkets/Hypermarkets
10.2.2. Speciality Stores
10.2.3. Online Retail
10.2.4. Others
11. BY END-USER (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
11.1. Food & Beverage Industry
11.2. Foodservice Industry
11.3. Retail/Household
12. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2025-2032)
12.1. North America
12.1.1. United States
12.1.2. Canada
12.1.3. Mexico
12.2. South America
12.2.1. Brazil
12.2.2. Argentina
12.2.3. Rest of South America
12.3. Europe
12.3.1. Germany
12.3.2. United Kingdom
12.3.3. France
12.3.4. Italy
12.3.5. Spain
12.3.6. Russia
12.3.7. Rest of Europe
12.4. Asia-Pacific
12.4.1. China
12.4.2. Japan
12.4.3. India
12.4.4. Australia
12.4.5. South Korea
12.4.6. Rest of Asia-Pacific
12.5. Middle-East
12.5.1. UAE
12.5.2. Saudi Arabia
12.5.3. Turkey
12.5.4. Rest of Middle East
12.6. Africa
12.6.1. South Africa
12.6.2. Egypt
12.6.3. Rest of Africa
*NOTE: All the regions mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOYGROWTH (%)- 2025-2032)
Fruit Juice Concentrates
Vegetable juice concentrates
By Application:
Beverages
Bakery Products
Confectionery Products
Dairy Products
Soups & Sauces
By Form:
Liquid
Powder
Puree
By Distribution Channel:
Direct Sales
Retail Sales
By End-User:
Food & Beverage Industry
Foodservice Industry
Retail/Household
By Region:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
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