Juice Concentrate Market Report 2024 (Global Edition)

Global Juice Concentrate Market Report 2024 Market Size Split by Type (Fruit, Vegetables), by Application (Beverages, Soups & Sauces, Dairy, Bakery & Confectionery, Other Applications), by Nature (Org...

Juice Concentrate Market Report Description

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Juice Concentrate Market Insights Video

Competitive Landscape of the Juice Concentrate Market

Major companies must be flexible and adopt new strategies fast to stay ahead of the competition and seize a large share of the market. The top juice concentrate market players are concentrating on diversifying their products. Market participants are increasing their footprint in growing countries and penetrating new markets worldwide to broaden their consumer base and secure their position in the industry. In anticipation of rising customer demand, businesses release novel, cutting-edge items.

• In October 2023, Solugen and ADM announced a strategic partnership to scale a range of innovative plant-based speciality chemicals and bio-based building block molecules in a new manufacturing facility in Marshall, Minnesota. Solugen is a rapidly scaling climate technology company reimagining everyday life chemistry, while ADM is a global leader in sustainable solutions. 

(Source:www.adm.com/en-us/news/news-releases/2023/10/solugen-and-adm-announce-strategic-partnership-to-meet-increasing-demand-for-sustainable-products-with-new-biomanufacturing-facility-in-the-u.s.-midwest/)

• In April 2023, Ingredion Incorporated, a world-renowned supplier of ingredients for food and drink, announced the completion of two key investments in India, paving the way for growth into valuable medicinal applications.

(Source:www.ingredion.com/apac/en-sg/news-events/news/ingredion-announces-strategic-investments.html)

Top Companies Market Share in Juice Concentrate Industry: (In no particular order of Rank)

• The Archer-Daniels-Midland
• BMT Weiser LLC
• Südzucker AG
• Döhler
• Encore Fruit Marketing Inc
• FIL Industries Private Limited
• Fructrum GmbH
• FruitSmart
• H&H Products Company
• Hermann PfannerGetränke GmbH
• Himalayan Food Park
• Ingredion
• Lizaz Food Processing
• Old Orchard Brands LLC
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Asia Pacific dominated the market in 2023 and accounted for around 23% of the global revenue

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 23% of the global revenue, owing to a surge in the popularity of fruit and vegetable juices, a need for more natural food products, a need for less processed juice concentrates, manufacturers are utilizing cutting-edge technology to create completely organic juice concentrates, and the need for portable fruit drinks has grown in the area to be because of people's busy lives. Additionally, due to changing lifestyles and increasing disposable income, the demand for juice concentrates is expected to rise in Asia, particularly in countries like Japan, China, and India.

The Middle East and Africa are the fastest-growing categories in the region due to a growing number of individuals looking for superior and more natural beverage options. Increasingly, people are concerned about sustainability in the food and beverage business, and health and wellness are growing trends. People are interested in buying products made in an eco-friendly way. The demand for juice concentrates to sustain the Middle East and African markets' growth in the next few years.

The current report Scope analyzes Juice Concentrate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Juice Concentrate Market

According to Cognitive Market Research, the global juice concentrate market size was estimated at USD 73.8 Billion, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 29.52 billion in 2023. It will rise at a compound annual growth rate (CAGR) of 4.0% from 2023 to 2030. The region's consumers are more likely to buy ready-to-drink items due to the growing popularity of natural foods, the large number of fruits in the diet, and the busy lifestyles of ordinary individuals. According to Cognitive Market Research, in the North American area, the food industry is presumed to have the fastest growth in the coming years because juice concentrates contribute to producing clean-label products beloved by consumers seeking natural and less processed food alternatives. Consistent with the natural and straightforward ingredient composition, modern consumers prioritize honesty in food labelling. In conclusion, According to Cognitive Market Research, the demand for juice concentrates has been fuelled by the rising customer understanding of the importance of health and wellness, which will increase the demand during this region's forecast period.

Europe Juice Concentrate Market

According to Cognitive Market Research, the global juice concentrate market size was estimated at USD 73.8 Billion, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD 22.14 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The demand for juice concentrates in this region is rising for several reasons, including rising disposable income and the increasing consumer knowledge of the numerous health benefits of juice concentrate. According to Cognitive Market Research, beverage juice concentrates are predicted to expand rapidly in the European market in the coming years because using juice concentrates is a simple and fast approach to giving beverages an authentic fruit taste. Infusing the beverage with a more robust rendition of the fruity flavors, they elevate its overall profile. In conclusion, According to Cognitive Market Research, the Juice concentrate market in the European region with developing countries such as Germany, France, Italy, Spain, Russia, and the Rest of the European countries will witness healthy growth during the forecast period.

Asia Pacific Juice Concentrate Market

According to Cognitive Market Research, the global juice concentrate market size was estimated at USD 73.8 Billion, out of which Asia Pacific held the major market of more than 23% of the global revenue with market size of USD 16.97 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030, due to the expansion of the convenience food and beverage industry, as well as the rising popularity of vegetable and fruit juices among health-conscious consumers, is expected to accelerate the expansion of the region's overall market. According to Cognitive Market Research, in the Asia-Pacific region, the fruit category is presumed to witness the most significant growth in the coming years because a simple way to get the nutritious value and delicious taste of fruits without the hassle of storing them in the fridge all the time is to use fruit juice concentrates. When not in use, add water to reconstitute them. They are also easy to store. In conclusion, countries in the Asia-Pacific region, such as India, China, and Japan, are driven by a rising health consciousness, which is a key component in the expansion of the industry in both developed and developing regions.

South America Juice Concentrate Market

According to Cognitive Market Research, the global juice concentrate market size was estimated at USD 73.8 Billion, out of which Latin America held the major market of more than 5.00% of the global revenue with a market size of USD 3.69 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.00% from 2023 to 2030. The market growth is propelled by rising fast food consumption and customers' increasing disposable money. Players in this sector have been motivated to create new items that appeal to the local taste due to the high demand for organic and nutritious foods to propel the industry growth in this region. According to Cognitive Market Research, the Latin American market is expected to increase in the coming years because of its neutral looks and clear concentrates that can be used in various food and drink applications. When making drinks, juices, cocktails, or anything else that calls for a see-through liquid, these can be useful, improving the overall market and concentrating category growth. In conclusion, according to Cognitive Market Research, rising incomes and spending power and a growing number of individuals choosing quick and easy food and drink options will lead to strong expansion in the region's juice concentrate market in the coming years.

Middle East and Africa Juice Concentrate Market

According to Cognitive Market Research, the global juice concentrate market size was estimated at USD 73.8 Billion, out of which the Middle East and Africa held the major market of more than 2.00% of the global revenue with a market size of USD 1.48 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. The increasing number of individuals propels the juice concentrate market in this region due to the growth of the bakery and confectionery industries, an increase in disposable income, a shift in consumer tastes towards convenience foods and ready-to-eat goods, and increasing wealth in developing areas during the forecast period. According to Cognitive Market Research, the organic juice concentrate category will expand in the coming years. Organic juice concentrates are free of synthetic substances, artificial colours, and preservatives, and they are also manufactured from fruits and vegetables that have not been genetically modified. In conclusion, According to Cognitive Market Research, innovations in food processing technology and an increase in the popularity of ready-to-drink beverages in the Middle East and Africa will grow significantly during the forecast period.

Juice Concentrate Market Analysis

Juice Concentrate Type Segment Analysis

According to Cognitive Market Research, fruit held the major market share over the forecast period because developed and emerging nations worldwide are seeing a rise in the demand for fruit juice concentrates due to the growing health consciousness of their respective populations. Citrus fruits, apples, and pineapples are in high demand because of their positive impact on health to fuel the market growth.

Vegetables are the fastest-growing category over the forecast period because vegetable juice concentrates are a convenient substitute for consuming whole veggies, allowing those who have problems eating enough fruits and vegetables to acquire the necessary nutrients.

• Fruit
• Vegetables

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Juice Concentrate Industry. Request a Free Sample PDF!

Juice Concentrate Application Segment Analysis

According to Cognitive Market Research, beverages hold a prominent market share because juice concentrates are a simple and fast method to add real fruit flavour to beverages. They impart a more intense version of the fruity flavors to the drink, elevating its overall profile.

Bakery and confectionery are the fastest-growing category over the forecast period. Bakery and confectionery products can benefit from using juice concentrates as a natural sweetener instead of refined sugars. They enhance the products' sweetness and give them their distinctive fruit flavors.

• Beverages
• Soups & Sauces
• Dairy
• Bakery & Confectionery
• Other Applications

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Juice Concentrate Nature Segment Analysis

According to Cognitive Market Research, organic juice concentrate holds a prominent market share as organic juice concentrates are made from non-GMO fruits and vegetables and do not contain any synthetic ingredients, preservatives, or artificial colors. Organic certification standards strictly forbid the usage of genetically modified seeds or ingredients. Thus, this is in line with their requirements.

Conventional juice concentrate is the fastest-growing category over the forecast period; due to processing techniques like pasteurization, conventional juice concentrates might keep for longer than fresh fruit. Because of this extended storage life, traditional juice concentrates are more convenient and easier to store, contributing to the market's overall growth.

• Organic Juice Concentrate 
• Conventional Juice Concentrate

Juice Concentrate Form Segment Analysis

According to Cognitive Market Research, clear concentrate holds a prominent market share because its improved clarity and aesthetic attractiveness are hallmarks of clear concentrate. Some use, and tastes call for products with a clearer look, achieved by filtering out particles and contaminants.

Powdered concentrate is the fastest-growing category over the forecast period. Because of its small size and low density, powdered concentrates are convenient for transportation and storage. Both producers and consumers can benefit from their smaller footprint compared to liquid concentrates, particularly when considering transportation expenses and storage space use.

• Clear Concentrate
• Powdered Concentrate
• Frozen Concentrate

Juice Concentrate End Use Segment Analysis

According to Cognitive Market Research, the food industry holds a prominent market share because consumers looking for natural and minimally processed food options love clean-label products, which juice concentrates help make. Modern consumers value honesty in food labelling, which aligns with the natural and simple ingredient profile.

Retailer households are the fastest-growing category over the forecast period because retailers have many options for marketing juice concentrates. Concentrates provide great flexibility in advertising since they can be promoted as a finished product or as a component in other recipes and drinks.

• Food Industry
• Beverage Industry
• Foodservice
• Retailer Household

Author's Detail

Nisha Deore

Research Analyst at Cognitive Market Research

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I am a well-organized, conscientious, and professional Research Analyst with two plus years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.

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