Delvens published a new research publication on "Juice Concentrates Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Juice Concentrates Market was mainly driven by the increasing R&D spending across the world.
The global Juice Concentrates Market size is projected to reach a CAGR of 5.3% from 2023-2030.
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Juice concentrates refer to fruit and vegetable juice with low water content. These are known to be more affordable as compared to normal juices. The shelf life of the product is increased with the removal of water reducing bacterial growth. Whole fruit is thoroughly washed, rinsed, squashed, or mixed for making pulp. The water is generally evaporated and extracted which is beneficial as they are rich in nutrients, and enhances skin health.
The rise in health consciousness, especially in developed countries acts as one of the major factors driving the growth of the juice concentrates market. The increase in the adoption of vegetable and fruit juices as an alternative to aerated drinks by health-conscious consumers, and the rise in the popularity of convenience food & beverage products accelerate the market growth.
Delvens Industry Expert's Standpoint
The desire for natural and nutritious beverages is driving the growth of the juice concentrates market. With a few major firms controlling a sizable portion of the market and a sizable number of smaller players operating locally or regionally, the industry is somewhat concentrated. Smaller competitors, who sometimes concentrate on specialty or local markets, are likewise a key source of rivalry.
The market is anticipated to expand over the next few years as a result of rising consumer awareness of the health advantages of natural drinks. Changing customer tastes and worries about the environmental effect of juice manufacturing, however, might pose problems for the sector. Overall, there are possibilities in the juice concentrates market for both established firms and new entrants looking to join this expanding sector.
Competitive Landscape
· SunOpta
· Diana Group
· Döhler
· SVZ Industrial Fruit & Vegetable Ingredients
· Kanegrade Ltd.
· Northwest Naturals.
· Welch’s
· Shimla hills.
· LemonConcentrate S.L.
· NAM VIET F&B
· Iprona AG
· Sunmet Juice Company
· California Concentrate
· W. KÜNDIG & CIE AG
· Jns Commodities & Specialities Private Limited.
· NationalRaisin Company
· Himalayan Food Park.
· Ingredion Incorporated
· AGRANA Beteiligungs-AG
· ADM
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Asia Pacific to Dominate the Market
· Asia-Pacific is projected to be the fastest-growing region in the global juice concentrates market with the highest CAGR. The main countries contributing significantly toward the region's growth include China, India, Japan, Australia, and New Zealand.
· The rapidly growing fast-food industry and young demography in the Asia-Pacific region have led to an increase in the consumption of convenience food, which is expected to enhance the growth of the market for juice concentrates.
Recent Developments
· In September 2021, Ingredion Incorporated established manufacturing facility units in Canada. The new state-of-the-art facility's operating standards are aligned with Ingredion's stringent manufacturing and quality standards.
· In September 2021, Kerry Group PLC completed the acquisition of Hare Topco, Inc trading as Niacet Corp. Niacet is a global market leader in technologies for preservation.
Reasons to Acquire:
· Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for Juice Concentrates Market so as to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
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The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
In addition to the market data for Juice Concentrates Market, Delvens offers a client-centric report customized according to the company’s specific demand and requirement.
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