According to the report by Expert Market Research (EMR), the global fruit concentrate market size is projected to grow at a CAGR of 5.6% between 2024 and 2032. Aided by the diverse applications across various industries and evolving consumer preferences, the market is expected to grow significantly by 2032.
Fruit concentrates are highly concentrated forms of fruit juice or pulp, obtained by removing water content from fruits. They are widely used in the food and beverage industry as a substitute for natural fruit in various products such as juices, smoothies, confectioneries, and baked goods. Fruit concentrates offer several advantages, including extended shelf life, reduced transportation costs, and convenience in usage.
The rising demand for convenient and ready-to-eat food products is a key driver of the fruit concentrate market growth. With the fast-paced lifestyle of consumers and the growing trend of health consciousness, there is a significant shift towards nutritious and quick dietary options. Fruit concentrates, being rich in essential vitamins and minerals, cater to this need while providing taste and variety.
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Another factor contributing to the market’s growth is the increasing application of fruit concentrates in the beverage industry. Fruit concentrates are extensively used in the production of soft drinks, energy drinks, and alcoholic beverages for flavour enhancement and nutritional fortification. The evolving beverage industry, with its focus on innovative and health-centric products, has led to an increased demand for fruit concentrates.
The bakery and confectionery sectors also significantly pose a positive impact on the fruit concentrate market outlook. They are used as natural sweeteners and flavouring agents in cakes, pastries, chocolates, and other confectionery items. The shift towards natural and organic ingredients in the baking industry further bolsters the demand for fruit concentrates.
Moreover, the dairy industry incorporates fruit concentrates in products like yoghurts, ice creams, and flavoured milk, enhancing both taste and nutritional value. The versatility of fruit concentrates in blending with dairy products has made them a popular choice in this sector.
Geographically, Europe and North America hold substantial portions of the fruit concentrate market share, attributed to their established food and beverage industries and high consumer spending power. The regions’ focus on health and wellness, coupled with a preference for natural and organic food ingredients, drives the demand for fruit concentrate.
The Asia Pacific region is witnessing rapid growth in the market. Factors such as rising disposable incomes, urbanisation, and the growing influence of Western dietary patterns contribute to the market expansion in this region. Countries like China, India, and Japan are key contributors, with their burgeoning food and beverage sectors.
Fruits Concentrate Market Segmentation
The market can be divided based on fruit types, form, applications, distribution channels, and region.
Market Breakup by Fruit Types
- Citrus Fruits
- Red Fruits and Berries
- Tropical Fruits
- Others
Market Breakup by Form
- Liquid Concentrate
- Powder Concentrate
Market Breakup by Applications
- Beverages
- Confectionery
- Bakery
- Dairy
- Others
Market Breakup by Distribution Channels
- Hypermarkets and Supermarkets
- Convenience Stores
- Speciality Stores
- Online Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Fruits Concentrate Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global fruit concentrate market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ingredion Inc.
- Kerry Inc.
- SunOpta
- Archer Daniels Midland Company
- Döhler GmbH
- Others
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