Concentrated Fruit Juice Market Share, Competitive Landscape, Size Estimation, And Forecast 2028
Concentrated fruit juice is a staple item in many homes because of its small footprint and low price compared to freshly squeezed juice. The process involves removal of water content so that the solid components such as minerals and vitamins are left in a more concentrated solution. The purpose of concentration is to ensure longer storage life and easier transportation. The fruit concentration process includes juice extraction, screening and centrifugal purification of the fruit extract. The concentration process helps to extract the flavour of the fruits.
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CONCENTRATED FRUIT JUICE MARKET OUTLOOK
The
concentrated fruit juice market is primarily driven by increasing demand for
processed food and beverages, rising concern and awareness among the consumers
related to the quality of products. Additionally, increasing rate of health
issues and rapidly changing lifestyle of the people further boost the growth of
the market. The market competition is constantly growing higher with the rise
in technological innovation in the industry. However, high-cost of production
and shortage of raw material is hindering the growth of concentrated fruit
juice market.
CONCENTRATED
FRUIT JUICE MARKET SEGMENTAL OVERVIEW
The concentrated
fruit juice market is segmented into fruit type, application, distribution
channel and geography.
CONCENTRATED
FRUIT JUICE MARKET BY FRUIT TYPE
Based on
fruit type the global concentrated fruit juice market is divided into apple,
orange, lemon, pineapple, grapes, pear, and other. Other includes mango, guava,
watermelon, peach, and pomegranate. In 2018, the lemon fruit segment accounted
for the highest market share and is expected to register for the highest CAGR
during the forecast period. The steady increase in demand for fruit juices, and
healthy and upmarket products are projected to increase the market, in terms of
value, of concentrated lemon juice market.
CONCENTRATED
FRUIT JUICE MARKET BY APPLICATION
On the
basis of application, the concentrated fruit juice market is divided into
beverage, confectionery, bakery, dairy and other. Other includes soups &
sauces. Beverage segment holds a major share in the global concentrated fruit
juice market and is expected to maintain its dominance over the forecast
period. The largest market share is primarily attributed to increasing demand
form beverage industry and rising preference of the consumers toward various
fruit flavour beverages globally.
CONCENTRATED
FRUIT JUICE MARKET BY DISTRIBUTION CHANNEL
Based on
distribution channel, the market is bifurcated into online distribution channel
and offline distribution channel. The offline distribution channel is further
bifurcate into super markets & hyper markets and departmental stores. The
online distribution channel is expected to grow at a faster pace during the
forecast period owing to significant shift of and adoption of online
distribution channel due to globalisation and convenience of reaching the
customers globally.
CONCENTRATED
FRUIT JUICE MARKET BY GEOGRAPHY
Based on
geography, the global concentrated fruit juice market is segmented into North
America, Europe, Asia Pacific and Rest of the World. Rest of the world includes
Latin America and Middle East & Africa. Asia Pacific is anticipated to gain
maximum share of the concentrated fruit juice market in 2018. Additionally,
increase in the cultivation of fruits in India and rapid industrialization in
developed and developing countries like India and China are the major aspect
driving the growth of this market in Asia Pacific. Moreover, China is a global
leader and major exporters of juice concentrates in Asia-Pacific.
CONCENTRATED
FRUIT JUICE MARKET KEY PLAYERS
The key
players in the concentrated fruit juice market are Agrana Beteiligungs Ag,
China Haisheng Juice Holdings Co., Ltd, Döhler Group, Kerr Concentrates, Inc,
Kerry Group Plc, LemonConcentrate S.L, Royal Cosun, ADM WILD Europe GmbH &
Co.KG, SunOpta, Ciatti Company, Future FinTech Group Inc, Archer Daniels
Midland Company, Ingredion Incorporated, Sudzucker AG and SVZ Industrial Fruit &
Vegetable Ingredients. New product launches and endorsements are the key growth
strategies adopted by major players to emphasise their positions in the
international market. Furthermore, strategies such as expansions, along with
partnerships and agreements were also implemented by frequent market players to
expand their R&D competences and geographic presence in the global market.
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