Juice concentrates are used in the creation of sweets, frozen novelties, fruit snacks, jams, jellies, sauces, and drinks as a taste enhancer and color modifier. It has an estimated shelf life of 18 months under refrigeration and 2 years under freezing conditions. To extend shelf life and freshness, these concentrates are treated with sugars and chemicals. The possible health advantages of juice concentrate usage include boosting skin health and being high in key nutrients.
In recent years, the juice concentrates market has witnessed a series of product launches and approvals that have contributed to its growth.
DataM Intelligence's in-depth market analysis reveals the major market drivers, challenges, and trends. Our market intelligence report evaluates the market size, growth, and share, providing crucial insights for businesses to make informed decisions and capitalize on the existing and upcoming opportunities in the juice concentrates market.
Market Size and Growth Prospects:
According to the research report published by DataM Intelligence, the global juice concentrates market USD 73.2 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 101.7 billion by 2030. The market is growing at a CAGR of 4.2% during the forecast period 2023-2030.
Increased sales of juice concentrate are fueling demand for fast and nutritious refreshments. It is a practical and cost-effective option for revitalizing beverages in a variety of applications. The global demand for fruit concentrates is increasing due to urbanization, a rise in disposable income, and a shift in lifestyles.
Rising Health Concerns and the Sugar Content of Juice Concentrates are holding Back the Juice Concentrates Market Growth:
Many governments and public health groups have made recommendations for consuming less sugar. For instance, the World Health Organization (WHO) advises keeping free sugar consumption to less than 10% of total caloric intake and recommending further decreases to below 5% for further health advantages.
Juice concentrates and other processed juice products, such as those made from freshly squeezed juice, are often seen as less artificial and less unhealthy alternatives. Due to their perceived nutritional content and minimum processing, whole fruits and freshly squeezed juices may be preferred by consumers.
Market Key Players:
These businesses concentrate on product innovation, quality control, marketing tactics, and distribution network growth to keep a competitive advantage in the market. Players often use partnerships, collaborations, mergers, and acquisitions to improve their market positions.
The Major Global players in the Juice Concentrates market are:
- LemonConcentrate S.L.
- Northwest Naturals, LLC.
- Welch Foods Inc.
- Kerr Concentrates
To better understand the global juice concentrates market, its opportunities, and challenges, we invite you to request a sample report from DataM Intelligence. This comprehensive report will provide valuable insights into the market dynamics, helping business decision-makers, investors, CXOs, and R&D professionals make informed decisions in this rapidly evolving industry.
