Fruit Concentrate Market Size:
The Fruit concentrates market is expected to grow at a CAGR of 4.31%, reaching a market size of US$58.338 billion in 2029 from US$47.247 billion in 2024.
Fruit concentrates are produced from the removal of water from freshly squeezed fruit and vegetable juice. It is commonly used as a base stock for various types of applications in food products. Due to the reduction in volume, it contains soluble solids of an estimated 65% -70%, providing a cost-effective solution for the packaging and transportation of the fruit juice concentrates and also maintaining the quality of the original fruit content.
Fruit Concentrate Market Introduction:
The factors that affect the global market growth are the increase in awareness of the benefits of fruit concentrates, which further increases due to the increasing number of health-conscious consumers in the market, and the consumption of convenience and processed foods in the market, which is due to the increase in the urbanization rate worldwide.
Fruit Concentrate Market Drivers:
- Health Benefits: Fruit concentrates provide a wide range of health benefits for the human body since fruit concentrates are fruits without any water content. The various benefits of fruit concentrates will be expected to show an increase in growth due to the increasing number of health-conscious consumers in the global market, which would further increase the growth of this market from the increase in health awareness of fruit concentrates. Fruit concentrates are known to retain the sugar and calories of the original fruit content. It acts as a form of added sugar, which is similar to high fructose corn syrup. This provides fruit concentrates to act as a form of sweetener or flavouring ingredient, creating demand for fruit concentrates as a substitute for the artificial flavours and sweeteners in the market.
- Convenience: The growing urbanization rates give rise to an increase in people who have busy lifestyles worldwide. The increase in urbanization can be due to the increase in the development of cities globally, which gives rise to an increase in job opportunities. This increase in job opportunities attracts more people to shift towards urban areas, increasing the population of urban areas. Job opportunities that arise from the increase in urbanization lead to an increase in earnings of an individual, which changes the taste and preferences of the consumers towards more premium products and alternatives from their current consumption pattern. The increase in urbanization also leads to an increase in consumption of convenience and processed foods, due to the busy lifestyles of the urban population. Convenience foods are the types of food products that are easily available and also require less time for consumption. Fruit concentrate products allow the integration of the first nutrients into diets without facing the difficulty of selecting and managing the fruit options manually. This leads to an increase in consumption of convenience foods, enabling consumers to have a healthy diet without wasting extra time. The UNCTAD Handbook of Statistics 2023 states that the global share of the urban population has shown an increase to 56.9% in 2022, which is an increase from 52.5% in 2012. It has also been projected by the United Nations that the global urban population is expected to increase to 68% by 2050 from the current percentage of 55% worldwide. This increase in the urbanization rate can be linked to the increase in consumption of convenience foods in the market, further increasing the global fruit concentrate market growth during the forecasted period.
Fruit Concentrate Market Key Players:
- Döhler GmbH: A global company known for the manufacturing and distribution of natural ingredients, ingredient systems, and technology-driven solutions with various applications in the food and beverage industry.
- Kerry Group plc: A public company known for the manufacturing and distribution of food and beverage products, including a portfolio of fresh concentrates, creamers, syrups, and shelf-stable mixes and powders.
Fruit Concentrate Market Regional Analysis:
North America is expected to witness significant growth in the fruit concentrate market during the forecasted period of 2024-2029. The factors that affect the market in this region is the increasing food insecurity, which gives rise to an increase in food demand, which also involves food and beverage products such as fruits and their concentrates. The consumption of fruit concentrates provides a wide range of health benefits and is expected to increase due to the rise of health-conscious consumers in the market. The increasing growth of plant-based food and beverage consumption gave rise to an increase in health-conscious consumers, due to the various benefits acquirable from the consumption of healthy food and beverages. Even though the percentage of food-secure households is at 87.2%, the remaining portion of food insecurity is displaying a slight increase in growth. The US Department of Agriculture states that 82.7% of households in the United States that consists of children were found to be food secure in 2022, which is an estimated 30.8 million households. There has also been an increase in food insecurity of an estimated 10.2% from 2021 to 2022, which further increases the demand for all kinds of foods and beverages in the market. The prevalence of food security accounted for an estimated 12.8% of US households in 2022, which is an estimated 17 million. The increase in the prevalence of food insecurity gives rise to an increase in demand for food and beverage products, which further increases the consumption of food and beverage products in the market. It has also been stated by USDA that the increase in spending on food away from home has shown a significant increase during the past years, which displayed an estimated 14.6% in 2023. The increase in consumption of food and beverage products will assist in the growth of the regional fruit concentrate products as well, expectedly increasing the regional fruit concentrate market growth during the forecasted period.
Fruit Concentrate Market Segmentation:
- By Fruit Type:
- Citrus Fruits
- Red Fruits and Berries
- Tropical Fruits
- Others
- By Product Form:
- By Application:
- Beverages
- Bakery Products
- Confectionery
- Dairy Products
- Others
- By Geography:
- North America
- United States
- Canada
- Mexico
- South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
- Middle East and Africa
- Asia Pacific
- Japan
- China
- India
- South Korea
- Taiwan
- Thailand
- Indonesia
- Others