Global Juice Concentrates Market
Food And Beverages

Global Juice Concentrates Market Forecast 2024-2033: Estimated Market Size And Growth Rate

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The juice concentrates market size has witnessed robust growth in recent years, increasing from $60.61 billion in 2023 to $64.11 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%.  This growth in the historical period can be attributed to the growing demand for convenience foods, the diversity of flavors offered by juice concentrates, the expansion of retail channels, globalization of trade facilitating market access, and the shift towards healthier beverage options among consumers. Looking forward, the juice concentrates market is expected to continue its strong growth trajectory, projected to expand to $82.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.  The forecasted growth in the upcoming years is driven by evolving dietary patterns, the clean label movement, a focus on sustainable practices across the supply chain, increased awareness of the health benefits associated with juice concentrates, and consumer demand for personalized flavor profiles. Major trends expected in the forecast period include the emergence of plant-based alternatives, the popularity of low or no sugar variants, integration of blockchain technology for supply chain transparency, adoption of smart packaging solutions, and the trend towards premiumization.

The juice concentrates market is expected to experience growth driven by the rising consumer preference for convenient food and beverage products. Convenience foods, including ready-to-eat or easily prepared options, are gaining popularity. Juice concentrates play a role in enhancing natural colors, flavors, and sweeteners in these products, providing a convenient, affordable, and healthy source of antioxidants. According to the Australian Bureau of Statistics, approximately 14.7 million tons of food and non-beverages were sold in Australian grocery stores, convenience, and specialty food stores in the year 2020-21, reflecting a 1.4% increase from the previous year. Moreover, in India, sales of ready-to-eat products surged 9.1% in August 2021 compared to July, as reported by retail intelligence platform Bizom. Hence, the rising consumer preference for convenient food and beverage products is expected to propel the growth of the juice concentrates market, with market size projections for 2023, 2024, and 2028.

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What Are The Key Trends That Influence Juice Concentrates Market Share Analysis?

Strategic collaborations and partnerships is a key trend gaining popularity in the juice concentrates market. Companies in the market are focusing on partnerships to develop innovative products and improve market presence. For instance, in September 2021, French premium chocolate manufacturer, Valrhona collaborated with Switzerland based fruit juice products company, Koa to create Oabika, a new cocoa fruit juice concentrate for chefs and gastronomy professionals. The collaboration taps into the trend of using upcycled ingredients that complements the range of cocoa fruit ingredients. The new product is suitable for many applications, including ganache, jellies, mousses, toppings, sauces, glazes, creams, ice creams, sorbets, and beverages.

Which Market Players Are Driving Growth In The Juice Concentrates Market?

Major companies operating in the juice concentrates market report are The Archer-Daniels-Midland Company, Louis Dreyfus Company B V, Kerry Group plc, Südzucker AG, Ingredion Incorporated, Symrise AG, AGRANA Beteiligungs-AG, Sensient Technologies Corp, NW Naturals Inc., Welch Foods Inc., DOHLER GmbH, Diana Group, Tree Top Inc., SunOpta Inc., Sleaford Quality Foods Ltd., Bell Flavors & Fragrances GmbH, Ventura Coastal LLC, FruitSmart Inc., Milne Fruit Products Inc., Kanegrade Limited, Prodalim Group, Northwest Naturals LLC, SVZ International B.V, IPRONA SpA, Lemonconcentrate SLU, Flingo Foods And Agro P. Ltd., Ciatti Company, Encore Fruit Marketing Inc., BMT Weiser LLC, Tricom Fruit Products Limited, Muhtaroğlu Group, Nam Viet Foods & Beverage JSC, Steinhauser Group, Shimla Hills, Bösch Boden Spies GmbH & Co KG, Binder International GmbH & Co KG, China Haisheng Juice Holdings Co Ltd., AGRO–WODZISŁAW Sp. z o.o. ., beckers bester GmbH, AMAZONAS Naturprodukte GmbH

How Is The Global Juice Concentrates Market Segmented?

The juice concentrators market covered in this report is segmented –

1) By Type: Fruit, Vegetables
2) By Nature: Organic Juice Concentrate, Conventional Juice Concentrate
3) By Form: Clear Concentrate, Powdered Concentrate, Frozen Concentrate
4) By Application: Beverages, Soups and Sauces, Dairy, Bakery and Confectionery, Other Applications
5) By End Use: Food Industry, Beverage Industry, Foodservice, Retail/Household

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The Juice Concentrates Global Market Report 2024 provides an overview of the juice concentratesmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The juice concentrates market forecast analyzes juice concentrates market size, juice concentrates market share, leading competitor and their market positions.

The Table Of Content For The Juice Concentrates Market Include

1. Juice Concentrates Market Executive Summary
2. Juice Concentrates Market Segments
3. Juice Concentrates Market Size And Template Market Growth Rate
4.  Key Juice Concentrates Market Trends
5. Major Juice Concentrates Market Drivers
……
25. Key Mergers And Acquisitions In The Juice Concentrates Market
26. Top Juice Concentrates Companies
27. Juice Concentrates Market Opportunities And Strategies
28. Juice Concentrates Market, Conclusions And Recommendations
29. Appendix

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