PUBLISHER: Market Research Future | PRODUCT CODE: 1823752
PUBLISHER: Market Research Future | PRODUCT CODE: 1823752
Global Juice Concentrates Market Research Report Information by Concentrate Type [Tropical Fruits (Orange Concentrate, Apple Concentrate, Others), Vegetables (Cucumber, Onion, Mushroom, Others), Berries (Acai, Blueberry, Cranberry, Elderberry, Others)], by Form (Liquid concentrate, Powder concentrate), by Nature (Organic, Conventional), by End Use (Residential, Commercial), by Distribution Channel [B2B, B2C (Supermarkets/Hypermarkets, Convenience stores, Specialty stores, Online)], and by Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) Forecast till 2032
Industry Overview
The global juice concentrates market size is expected to grow to USD 109.06 billion, advancing at a 6.48% CAGR during the forecast period. Juice concentrates are processed juices where the water has been extracted, leaving behind a dense liquid or powder with strong flavor. They are widely used in the food and beverage industry for making juices, smoothies, and flavored products.
A key factor will be for the global juice concentrates market to increase consumer awareness and focus on immunity and wellness. These days vitamin C, antioxidants, and anti-inflammatories have taken the lead as the main sources of immune health, and the consumption of juices made of lemons, acai or elderberry seeds has soared in popularity. The market receives additional value from consumer trends such as plant-based and organic products, and the need for easier ways to incorporate nutrient-dense beverages into the daily routine of consumers of these products.
Major Company Development
Ingredion's expansion is substantially dependent on the targeted takeover in the clean-label and plant-based parts. Through the 2015 acquisition of Kerr Concentrates, the company gained a portfolio of natural fruit and vegetable solutions. In 2020, it took Verdient Foods 100% for the purpose of accelerating plant-based protein, and then it went on to take over PureCircle, the global leader in stevia sweeteners. These strategic steps put Ingredion at the forefront of the food and beverage industry innovations, operating towards sustainable, health-conscious lifestyles.
Major players in the global juice concentrates market include AGRANA Beteiligungs-AG, Dohler Group, Kerr by Ingredion, Symrise (Diana Food), Archer Daniels Midland Company, Sudzucker AG, Lemonconcentrate S.L.U., SunOpta Inc., Kanegrade Limited, and IBF Group.
Report Attribute Details
Industry Segmentations
The North American confectionery market is still on an upward trend, thanks to the well-established chocolate and candy culture. Canadian buyers are increasingly looking for premium and ethically sourced products. This not only complies with the global trend but also reflects the buyers' awareness. In 2023, the North American market was driven by strong demand in the U.S. at USD 15,610.87 million, supported by Canada's USD 3,560.55 million.
Europe remains one of the strongest players in the global confectionery market thanks to tradition and the quality reputation of its chocolate-making industry. The role of Europe as a luxury confectionery centre is being reinforced by online platforms and premium retail chains. In 2023, Europe recorded significant contributions with Germany at USD 6,262.06 million, the UK at USD 4,857.56 million, and France at USD 3,276.35 million.
Confectionery brands have the opportunity to achieve the most dynamic growth in the Asia-Pacific area, which is the main reason that it is considered the best growth potential in the world. Besides that, a rising middle class with changing consumption habits is also backing up that trend. In 2023, APAC's market was spearheaded by China at USD 4,366.81 million, alongside India's USD 2,373.02 million and Japan's USD 1,430.63 million.
South America, led by Brazil and Argentina, has a strong confectionery base supported by abundant cocoa resources and evolving consumer demand. The region's sweet tooth is reflected in high per-capita chocolate and sugar confectionery consumption, particularly among younger populations.
The Middle East and Africa are gradually emerging as attractive markets for confectionery, driven by population growth and rising disposable incomes. In Africa, urban centers such as Johannesburg and Lagos are showing increasing demand for both affordable and premium confectionery items.