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Explore the Juice Concentrates Market, anticipated to reach $115.50 billion by 2031, with a 6.1% CAGR beginning in 2024. Unveil the trends driving this expansion!<br><br>
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Juice Concentrates Market to be Worth $115.50 Billion by 2031
Global Juice Concentrates Market – 2024-2031 Meticulous Research®, a leading global market research organization, recently released its comprehensive study titled “Juice Concentrates Market Size, Share, Forecast & Trends by Type (Fruit [Citrus, Apple, Grape] Vegetable [Carrot, Tomato, Beetroot]), Ingredient, Form (Clear Concentrate), Nature (Organic), Application (Food & Beverage) – Global Forecast to 2031.” Download Sample Report Here @ https://www.meticulousresearch.com/download- sample-report/cp_id=5942 According to the study, the global juice concentrates market is anticipated to reach $115.50 billion by 2031, growing at a CAGR of 6.1%from 2024 to 2031. The market’s expansion is primarily driven by rising demand for convenient food products, increasing consumer focus on health and wellness, and continued innovations in juice concentrate products. Despite these positive factors, the market faces challenges, including a growing preference for Not From Concentrate (NFC) juices, which could potentially slow down growth. Additionally, the study highlights opportunities arising from the rising demand for natural and organic food items, as well as the increasing consumer interest in plant-based and functional ingredients. One prominent trend is the escalating demand for premium and artisanal juice concentrates, reflecting consumer desire for quality and uniqueness in beverage options. Key Players: Some of the major companies leading this market include Archer-Daniels- Midland Company (U.S.), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Südzucker Group (Germany), Döhler Group (Germany), Symrise AG (Germany), Tree Top, Inc. (U.S.), FruitSmart, Inc. LEMONCONCENTRATE SLU (Spain), Sunnysyrup Food Co, Ltd. (Taiwan), CHB Group (Greece), and Prodalim B.V. (Netherlands). (U.S.), Kanegrade Limited (U.K.), The report categorizes the juice concentrates market based on type, ingredient, form, nature, application, and geography. Each of these segments is analyzed in detail, providing insights into trends, opportunities, and challenges. • By Type: The juice concentrates market is split into fruit and vegetable concentrates. The fruit juice concentrate segment is expected to command the majority of the market, with a 69.8% share in 2024. This segment is further broken down into citrus fruits, apple, pineapple, grape, berry, and others. Among them, the citrus fruit sub-segment is predicted to hold the largest market share at 35.8%, driven by the increasing demand for natural and refreshing flavors. • By Ingredient: Juice concentrates are categorized into single-ingredient and multi- ingredient products. The latter is expected to register higher growth due to the growing popularity of innovative juice blends that offer unique flavor profiles and a range of nutrients, vitamins, and minerals from different fruit and vegetable combinations. • By Form: Concentrates are available in clear, powder, and other forms. Clear concentrates are forecasted to dominate the market in 2024, benefiting from their extended shelf life and clear flavor, which appeals to the increasing demand for clean- label, natural beverages. Page 1 of 2 © Meticulous Research| sales@meticulousresearch.com
Global Juice Concentrates Market – 2024-2031 • By Nature: The market is divided into organic and non-organic concentrates, with the organic segment poised to grow at a faster pace due to rising consumer preferences for sustainable and health-oriented products. • By Application: Juice concentrates are used in the food and beverage sector and other industries. In 2024, the food & beverage application is expected to dominate with a 96% market share, fueled by the thriving soft drinks industry, increased use in dairy products, and applications in baby foods. This segment is also predicted to grow at a 6.1% CAGR during the forecast period. • Geographical Analysis: The report divides the market into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these regions, Asia-Pacific is expected to exhibit the fastest growth, with a projected CAGR of 7.3%. Factors contributing to this growth include rapid urbanization, a growing middle class, and increased demand for health-conscious, natural food and beverage products. To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/juice-concentrates-market-5942 Key Questions Answered in the Report: • What are the historical market sizes and growth rates of the juice concentrates market? • At what rate is the juice concentrates demand projected to grow over the next 5–7 years? • What are the major factors impacting market growth at the regional and country levels? What are the opportunities for existing players and new entrants in the market? • Which segments, in terms of type, ingredient, form, nature, and application, are expected to create traction for the manufacturers in this market during the forecast period 2024–2031? • What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the juice concentrates market during the forecast period 2024–2031? • Who are the major players in the juice concentrates market? What are their specific product offerings in this market? • What are the recent strategic developments in the juice concentrates market? What are the impacts of these strategic developments on the market? Contact Us: Meticulous Research® Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 2 © Meticulous Research| sales@meticulousresearch.com