Fruit Concentrate Market size is estimated to reach $3,700 million by 2026, growing at a CAGR of 14% over 2021-2026. Fruit concentrate are created by eliminating water from fruits that helps to reduce weight and volume of juices in fruit. High-fructose corn syrup is an alternative of sugar and are also called glucose-fructose and is easier to handle and cheaper. Freeze drying is considered as a technique for the production of high quality food powders and solids and are also known as lyophilization. In food and beverage industry, thermal evaporation are used in concentration of fruits that helps to remove water from liquid foods as vapor. The fruit concentration helps to make easy and inexpensive for transportation and storage as it helps to increase the shelf-life. Increasing demand for natural food products and increasing consciousness about health among consumers is the major factor driving the growth of this market. Furthermore, increasing research and development activities in food and beverage industry and rising government initiatives is set to further enhance the overall market demand for Fruit Concentrate Market for the period 2021-2026
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Report Coverage
The report: “Fruit Concentrate Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Fruit Concentrate Market.
By Fruit Type: Citrus Fruit, Red Fruits and Berries, Tropical Fruits, and Others.
By Product Type: Liquid, Powder, and Others.
By Application: Beverage, Bakery, Confectionery, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa).
Key Takeaways
- Geographically, in 202
- 0, North America dominated the Fruit Concentrate Market owing to increasing intake of fruits concentrate in a variety of food and drink products and increasing hectic lifestyle among consumers increases the consumption of ready-to-drink products.
- Increasing demand for natural food products and increasing consciousness about health among consumers are likely to aid in the market growth of the Healthcare/Medical Simulation.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Fruit Concentrate Market report.
- Increasing side effects of excess consumption of fructose is set to create hurdles for the Fruit Concentrate Market.
Fruit Concentrate Segment Analysis – By Fruit Type
The global Fruit Concentrate Market based on Fruit Type can be further segmented into Citrus Fruit, Red Fruits and Berries, Tropical Fruits, and Others. The Citrus Fruit segment is the major segment generating revenue in 2020. This is mainly owing to it contains more fiber which are low in calories and also contains vitamins. Moreover, it helps to reduce stone in kidney and helps in preventing from cancer and are rising the market growth. The Red Fruits and Berries segment is estimated to register the fastest CAGR of 4% for the period 2021-2026. This is mainly owing to it provides good effects in skin and helps to decrease the level of cholesterol that increases the demand of high-fructose corn syrup and are increasing the growth of this segment.
Fruit Concentrate Segment Analysis – By Product Type
The global Fruit Concentrate Market based on Product Type can be further segmented into Liquid, Powder, and Others. The Liquid segment registers for the highest Fruit Concentrate market share in 2020. This is owing to it provides more effective results in liquid dosage form and can be easily consumed by the consumers that are rising the growth of this market. The Powder segment is forecasted to register the fastest CAGR of 3% over 2021-2026. This is mainly owing to it is easily dissolved and helps to increase the benefits of drinks that increases the demand of various techniques such as freeze-drying and thermal evaporation that are increasing the growth of this market.
Fruit Concentrate Segment Analysis – By Geography
North America dominated the Fruit Concentrate Market with major share of 40% in 2020. This is owing to increasing intake of fruits concentrate in a variety of food and drink products and increasing hectic lifestyle among consumers increases the consumption of ready-to-drink products. Various manufacturers in North America are offering fruits concentrates products that helps to increase the growth of this market.
However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 7% during the forecast period 2021-2026 owing to rising geriatric population and increasing development in food and beverage industry.
Fruit Concentrate Market Drivers
Increasing Demand for Natural Food Products
The demand of natural food products increases owing to increasing obesity rates, diabetes and are increasing the growth of the Market. According to World Health Organization, in 2020 about 422 million people are suffering from diabetes that increases the demand of fruit concentrate and are increasing the growth of the Fruit Concentrate Market over 2021-2026.
Growing Consciousness About Health
Increasing awareness among people about health increases the preferences of fruit juice that increases the growth of this Market. Moreover, rising hectic schedule and fast life of consumers also increasing the growth of Fruit Concentrate Market over 2021-2026.
Covid Impact:
COVID-19 pandemic had greatly impacted the growth of Fruit Concentrate Market. During pandemic, there is disruption in supply chain that reduced the supply of fruits for producing fruit concentrates and are negatively impacted the growth of this market.
Fruit Concentrate Market Challenges
Increasing Side Effects
The factors that is set to impede the growth of the Fruit Concentrate Market are the rising side effects for the excessive consumption of fructose is set to create hurdles for the Fruit Concentrate Market.
Fruit Concentrate Landscape
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Fruit Concentrate Market. Fruit Concentrate top 10 companies include, Kerry Group Plc, Capricon, Cherimoya, Oceanaa, AGRANA Group, Coca Cola’s Minute Maid, Dohler Group, Acerola, Starfruit, and Lychee.
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