Global Concentrated Fruit Juice Market is Estimated to Reach $90 Billion by 2025, Says Accurize Market Research
Global concentrated fruit juice market report published by Accurize Market Research forecast that the global market is expected to reach $90 billion by 2025; growing at a CAGR of 6.2% from 2017 to 2025. By geography, Asia Pacific and RoW are expected to grow at a CAGR of 7.2% and 6.4%, respectively, during the forecast period.
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Rising demand for high scale of volume in the beverage industry across the globe to drive the growth of the market
Rising demand for high scale of volume in the beverage industry and reduced logistical & storage costfuel the demand for the global concentrated fruit juice market. Moreover, from bakery sector and altering food preferences, as a substitute for sugar also boost the growth of the market.
Market Segmentation
The global concentrated fruit juice market has been bifurcated on the basis of product type, application, and geography. Byproducttype, it is segmented into carbonate stable, clarified, and alcohol stable. Application can be segmented into bakery, beverage, dairy, confectionary, and other applications.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The country wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico wherein Europe covers UK, Germany, France, Italy, Spain, and Rest of Europe. China, Japan, India, and Rest of Asia-Pacific are covered under the Asia-Pacific. Rest of the World (RoW) includes South America, Middle East, and Africa.
“Clarified accounted for the largest market share in the product type segment", says Accurize
By product type, clarified accounted for the largest market share in 2017, in the product type segment, and is expected to continue its dominance during the forecast period 2017 – 2025, owing to increasing health awareness among consumers and increasing use of these juices in many food recipes.
“Beverage accounted for the largest market share in the application segment", says Accurize
Byapplication, beverage accounted for the largest market share in 2017, in the application segment, and is expected to continue its dominance during the forecast period 2017 – 2025. The growth is seen due to large-scale applications of concentrated fruit juice in foods and increasing demand for fruit juice based beverages.
“Europe dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, Europe dominated the global market with largest market share of 37% and expected to continue its dominance during the forecasted period, owing to technological developments in the food processing industry in this region.
Top players in the market
The key market players include Global Concentrated fruit juice includeArcher Daniels Midland Company,SVZ Industrial Fruit & Vegetable Ingredients, Ingredion Incorporated, Future FinTech Group Inc.,SunOpta, Diana Group, Sudzucker AG, AGRANA Beteiligungs-AG, Döhler, and Ciatti Company, among others.
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