NEW YORK, April 7, 2022 /PRNewswire/ — The global juice concentrate market is expected to increase to 6.4% CAGR and reach a evaluation of $24.75 billion end of 2032according to detailed industry analysis by Persistence Market Research.
Organic delicacies are increasingly popular with consumers because they contain more healthy elements and are produced without pesticides or chemicals. As people become more health conscious, the demand for organic juice concentrate to replicate the flavor and taste of fruits is increasing.
Juice concentrates are used in restaurants, bars and other high-volume food service locations where food and beverage consumption is high. Catering products include a wide range of fruit flavors, beverage solutions (premix) and fruit juice concentrates with high quality syrups. These products can be used in sundaes, ice cream, beverages, milkshakes, smoothies and baked goods.
Consumers are willing to incur extra costs for high-end, bespoke foods and beverages because their taste, textures and flavors are exquisite and unique. The catering industry strives to meet customer expectations by offering a wide range of innovative beverage solutions with high fruit content, experience and expertise.
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Personalization is popular these days, and food companies frequently seek out personalized ingredients to develop new products. The fruit juice concentrate is standardized with modern technologies and modified for unique applications. Personalized juices are expected to become more popular, leading to increased acceptability and sales of juice concentrates.
Baor Products manufactures juice concentrates for baked goods, chewing gums, marmalades, smoothies and syrups. The company’s juice concentrates can be consumed by both vegans and vegetarians, as they are made only from fruit.
Key insights from market research
- The juice concentrate market is expected to grow at CAGR by volume of 6.9% and 6.4% in Middle East and Africa and Latin Americarespectively, until 2032.
- the East Asia juice concentrate market is actually set at 744,496 tonnes.
- the organic segment should grow to a volume CAGR of 7.1% through 2032.
- Sales of juice concentrates to the food industry should be assessed at about US$4.35 billion end of 2022.
- Based on gender, orange juice concentrate hold it highest market share of 23.2%.
- Based on the end use, the restaurant industry should extend to a CAGR value of 6.3%.
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“Juice concentrate manufacturers are focused on expanding their product line through innovation to meet the needs of multiple industries. The food and beverage industry would be a potential market for juice concentrate suppliers and represent the largest demand for natural and organic products,” says a market research analyst on Persistence.
Companies manufacturing juice concentrates mainly focus on new technologies to improve the quality of their products and also increase their distribution and production facilities.
- Shimla Hills has established a strong research and development platform, where initiatives such as product and process improvements, sample production studies, flavor checks, shelf life studies, etc., are taken to innovate new products.
- ADM WILD Europe GmbH & Co. KG uses aseptic technology for high temperature processing and cold filling processing, which has been recognized as the future of the food industry.
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Explore more valuable insights
Persistence Market Research, in its new report, offers an unbiased analysis of the global date syrup market, presenting historical data (2017-2021) and estimation statistics for the forecast period 2022-2032.
The study offers compelling information based on nature (organic, conventional), type (orange, apple, apricot, grapefruit, mango, pineapple, berry, pomegranate, nectarine, peach, tangerine, lemon, and celery), use final (food industry, (bakery and confectionery, jams and spreads, dairy and frozen desserts and others), beverage industry (alcoholic and non-alcoholic), catering industry, retail/household, others) and distribution (business to business, business to consumer, hypermarkets/supermarkets, specialized stores, convenience stores, e-commerce), in the major regions of the world.
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SOURCE Persistence Market Research