Global Fruit Concentrate Market Report and Forecast 2024-2032

Global Fruit Concentrate Market Outlook

The global fruit concentrate market is expected to grow in the forecast period of 2024-2032 at a CAGR of 5.6%.

Rising Demand for Fruit Concentrates in the Processed Food Industry Bolstering the Market Growth

The increasing demand for packaged and convenient food products with functional benefits is surging the use of fruit concentrate. With the growing demand for packaged breakfast cereals and snacks with innovative and healthy flavours, the use of fruit concentrates is significantly surging, hence bolstering the market growth. Although the market growth can be impeded by the rising awareness regarding high sugar content in fruit concentrates, the development of innovative fruit concentrates with no sugar or preservatives is anticipated to drive the industry in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The cost-effectiveness and health benefits of fruit concentrates are increasing their demand, which is augmenting the growth of the market. As fruit concentrates have high microbial stability, they are lightweight and shelf-stable, due to which they enhance profitability while reducing transportation costs, hence driving the industry growth. In addition, the increasing use of fruit concentrates in bakery and confectionery products to bolster their nutritional components while enhancing their taste is significantly contributing to the growth of the market.

Fruit Concentrate: Market Segmentation

Fruit concentrate refers to a liquid or powered concentrates of fruit that are produced by the removal of excess water from fruits to boost their shelf stability and usage. It retains the nutritional components of fruits and is added to enhance the flavour and health profile of various food and beverage products. The concentration of fruits reduces their weight, hence reducing overall transportation costs.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The major fruit types of fruit concentrate are:

• Citrus Fruits
• Red Fruits and Berries
• Tropical Fruits
• Others

By form, the market is bifurcated into:

• Liquid Concentrate
• Powder Concentrate

The market can be broadly categorised on the basis of its applications into:

• Beverages
• Confectionery
• Bakery
• Dairy
• Others

Based on distribution channel, the market is divided into:

• Hypermarkets and Supermarkets
• Convenience Stores
• Speciality Stores
• Online Stores
• Others

The EMR report looks into the regional markets of fruit concentrate like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Growing Preference for Beverage with Exotic Fruits to Augment the Market for Fruit Concentrate

The rising demand for beverages with exotic flavours, especially in developed regions, is surging the deployment of concentrates of fruits like cranberries, acai berry, and guavas, among others. As consumers are increasingly adopting globalised gastronomical trends, the demand for traditional beverages like gwasilju, lassi, and canelazo, among others, is surging. This, in turn, is increasing the use of fruit concentrates to boost the authenticity of such beverages, thereby fuelling the industry growth.

The growing preference for beverages with nutritional and immunity benefits, in the wake of the COVID-19 pandemic, is increasing the inclusion of fruit concentrates in beverages, which is significantly contributing to the market growth. With the growing demand for bold and innovative flavours, the use of fruit concentrates in both alcoholic and non-alcoholic beverages are rising, which is invigorating the growth of the market. In addition, the growing health-consciousness is leading to a surge in demand for organic fruit concentrates with no added sugar and preservatives, providing further impetus to the market growth.

Key Industry Players in the Global Fruit Concentrate Market

The report presents a detailed analysis of the following key players in the global fruit concentrate market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Ingredion Inc.
• Kerry Inc.
• SunOpta
• Archer Daniels Midland Company
• Döhler GmbH
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report