A recent report published by Infinium Global Research on fruit concentrates market provides in-depth analysis of segments and sub-segments in global as well as regional fruit concentrates market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional fruit concentrates market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global fruit concentrates market. According to the report, the global fruit concentrates market is projected to grow at a CAGR of 6.8% over the forecast period of 2018-2024.
A concentrate is a form of substance which has had the majority of its base component removed. Fruit concentrates are a convenient and economical alternative to fresh fruits in different applications. Fruit concentrates are most widely used in the beverage industry. It is also used as natural sweeteners and as a substitute for sugar in a variety of applications, such as desserts and confectionery items. The product is approximately 3 to 7 times concentrated, hence, less in volume, due to which transportation, shipping, and warehousing become easier and less expensive. Fruit concentrates can be just as healthy as other fruit choices.
Fruit concentrates market have applications across various industries and products. The factors driving the global fruit concentrate market are increasing awareness about fruit juice consumption, as a substitute for sugar in the bakery sector, and changing consumer trends and food preferences. The major restraints in the fruit concentrate market are growing awareness about the adverse effect of excessive consumption of artificial flavored, high concentration of sugar and calories i.e sugary soft drinks, less amount of vitamins and antioxidants, lack of fiber, lots of food and health safety regulation promulgated and implemented by the government of different countries, are the major constraints for the growth of the fruit juice concentrates market. Moreover, the growth in the food and beverage industry, as a result of the increasing healthy food trends, changing consumption habits, increasing demand for convenience food, reduction in the transportation cost of fruit juice concentrates would work as a driver for this market for the long term.
On the basis of region, the fruit concentrates market is divided into North America, Europe, Asia, and the Rest of the World (RoW). North America is the leading market in geography, followed by Europe. Asia region is expected to grow at the highest CAGR during the forecast period. The presence of emerging economies like China, India, and changing consumption habit, growing awareness about the health issues in these countries can expedite the growth of fruit concentrates market.
The report on global fruit concentrates market covers segments such as fruit type, end user, and distribution channel. On the basis of fruit type, the global fruit concentrates market is categorized into the lemon, orange, pineapple, apple, grapes, pear, specialty fruits, and others. On the basis of end user, the global fruit concentrates market is categorized into beverages, bakery, and confectionery, dairy, and others (including households). On the basis of the distribution channel, the global fruit concentrates market is categorized into wholesale and direct sales, retail stores and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016-2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global fruit concentrates market such as Agrana Beteiligungs AG, China Haisheng Juice Holdings Co., Ltd., Doehler, Kerr Concentrates, Inc., Kerry Group Plc, Lemon Concentrate, S.L., Rudolf Wild GmbH & Co. KG, SunOpta Inc., Coca Cola, Hershey, and other companies.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global fruit concentrates market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fruit concentrates market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the fruit concentrates market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the fruit concentrate market to understand the present and future trends in this market and formulate their strategies accordingly.
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